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News

Richard Mikes Quoted About Impact of Regulatory Uncertainty

Truckinginfo.com cites Richard Mikes, TCP managing partner, in an article about the impact of regulatory uncertainty on the future business plans of fleet managers. Read more.

Practical Miles vs. Shortest Miles Formula

DC Velocity writer, Mark B. Solomon, discusses TCP’s finding regarding the change to the “Practical Miles” trucker pay formula from the more traditional “Shortest Miles” formula. Read more.

Almost Seventy Percent of Carriers Expect Volumes to Increase

The Trucker.com captured TCP’s third quarter survey results in an online article entitled, “Carriers: freight volume to increase in next year, but capacity won’t.” The article quotes both Lana Batts and Richard Mikes, TCP managing partners. Read more.

Carriers Plan to Use Independent Contractors and Used Trucks to Add Capacity

Truckinginfo.com displayed the survey results for TCP’s Business Expectation Survey, quoting Lana Batts, managing partner for TCP, about the specific ways carriers intend to add capacity in the next year. These plans include the use of both independent contractors and used trucks, despite high cost and limited availability. Read more.

Mikes Quotes on Recent Decision by Three Fleets to Provide Public Share Offerings

Mikes is quoted in an article of Transport Topics discussing the recent decision of three truck fleets to provide public share offerings. For more than five years the industry has gone without a stock sale. All three carriers plan to repay debt with the proceeds. Click here to read the full article.

Interest in Used Trucks is Growing

A recent article of Transport Topics notes that interest in used trucks is growing and that new vehicles only accounted for 23% of 2010 registrations. Mikes discusses how the increase in the price of new equipment puts pressure on carriers to raise rates. To learn more about the recent equipment trend, click here.

Driver Shortage Due to Increased Freight

Truckinginfo.com discusses TCP’s Business Expectation Survey’s finding that there is currently a driver shortage due to increased amounts of truck freight. The article notes carriers’ reported decrease in dependence on brokers and a supply-demand dynamic that favors truckers. Read the full article.

Driver Shortage Increases Recruiting Efforts

Kevin Jones of TheTrucker.com reports TCP’s latest Business Expectations Survey’s findings about how carriers are responding to the current driver shortage. Because of this shortage, carriers are working to improve driver recruiting efforts. Read the full article.

Drivers Optimistic About Second Quarter 2010

BulkTransporter.com outlines TCP’s Business Expectations Survey for 2010’s second quarter. The article focuses on truckers’ strong optimism for the near future of the industry. Read the full article.

Truckers Looking Forward to the Year Ahead

Truckinginfo.com discusses TCP’s industry survey, pointing out that truckers are optimistic about the upcoming year. Quoting TCP’s Mikes and Batts, this article provides statistics from the survey that show truckers’ overwhelmingly positive predictions for their businesses. Read the full article.