While the use of independent contractors has remained steady over the last five quarters, the tendency for carriers to use contractors to expand their fleets is trending down. TruckingInfo.com quotes Batts and Mikes on the findings from TCP’s recent Business Expectations Survey. To read the full article, click here.
October 20, 2011 -
Tendency for Carriers to Use Contractors to Expand Fleets is Down
October 5, 2011 -
Carriers Backing Away from New Truck Buying Plans
TruckingInfo.com reports how carriers are backing away from new truck buying plans and are unsure of how to add capacity. The article cites the Third Quarter TCP Business Expectations survey as well as quoting both Batts and Mikes. To read more about carriers’ feelings on adding capacity, read the full article.
October 4, 2011 -
Parham Brings 40 Years of Experience to TCP
TruckingInfo.com reports the recent addition of Jim Parham to the Transport Capital Partners team. Parham brings more than 40 years of experience in the transportation industry. For more information about Parham and Transport Capital Partners, read the full article.
September 21, 2011 -
Number of Carriers Expecting Business Volumes to Increase is Down
In May of 2011, almost 80% of carriers surveyed expect business volumes to increase but this number shrank down to only 48% of carriers in TCP’s recent survey. Both Batts and Mikes were quoted in TruckingInfo.com’s article. Read the full article here.
September 20, 2011 -
TCP Announces the Addition of Jim Parham as Managing Partner
FleetOwner.com reports on TCP’s recent announcement of the addition of Jim Parham as a managing partner of the firm. Parham has over 40 years of experience in the industry, including 25 years as President of Jim Parham & Associates. Read the full article here.
August 8, 2011 -
Acquisitions a Great Way to Expand a Company’s Services
Transport Topics reports on the recent acquisition of Specialized Transportation Inc. by CRST International, a move that greatly expands the services the company is able to offer. Batts discusses how the aftermath of the Great Recession is causing carriers, like CRST International, must think differently about business practices in order to be competitive in today’s market; read more here.
August 4, 2011 -
More Smaller Carriers Eager to Sell
Richard Mikes is quoted in an article in the Commercial Carrier Journal regarding the increase of carriers – particularly smaller carriers – that are eager to sell. While in 2006 and 2007 the climate was a “seller’s market,” the number of carriers willing to sell now makes it a “buyer’s market.” To read more about the current mergers and acquisitions market in the transportation industry, click here.
June 27, 2011 -
Recent Increase in Driver Turnover for Large Fleets
Transport Topics reports that in the first quarter of this year, driver turnover “reached the highest level in nearly three years” for larger fleets ($30 million in revenue or more). Mikes points out that smaller fleets are more inclined to have less turnover as they “tend to have shorter lengths of haul, which gives drivers more time at home.” To read more about the recent increase in driver turnover, click here.
February 10, 2011 -
Where is the Industry Headed?
TCP Partners, Lana Batts and Richard Mikes, discuss where the trucking industry is headed in an annual report covering the current industry trends. Some of the topics covered include drivers, equipment, and capacity. Read the full paper.
December 13, 2010 -
Carriers Shifting to a More Aggressive Tractor Replacement Plan
The fourth quarter Business Expectations Survey was cited in a recent article by Transport Topics about a 148% gain in truck orders. The survey showed that many carriers are “shifting to a more aggressive tractor replacement plan.” TCP partners were in the article, to read click here.
