TruckerToTrucker.com quoted Richard Mikes in an article, “Is Private Equity Helping or Hurting Trucking?” Read the full article here.
March 12, 2008 -
How Private Equity Affects Trucking Industry
November 26, 2007 -
Mergers, Acquisitions Bound to Rise
Transport Topics quoted Lana Batts in two separate articles on consolidations in the truckload industry, noting in 2008, “There will be some mergers and acquisitions with good companies being bought, but bad ones will just drop out.”
November 1, 2007 -
Batts: Adaptability is Key
Truckinginfo.com published an opinion hotline article written by Lana Batts entitled, “What’s Really Normal.” In it she noted that it’s not the strongest or the most intelligent that survive in turbulent times, but the most responsive to change. A significant part of being responsive to change to fully understanding what activities create costs and assigning them to the right function. For example, a new truck that has two or three different drivers a year can increase maintenance costs 2—3 cents more over a truck with only one driver. Assigning those extra costs to maintenance, rather than retention, only further hides the true cost of driver turnover.
October 9, 2007 -
Batts Addresses Nebraska Motor Carriers Association
Lana Batts spoke at the annual meeting of the Nebraska Motor Carriers Association in Lincoln, NE on the shifting sands of the trucking industry. She noted that many new realities faced the trucking industry that needed to be factored into the operations of any company, including high fuel prices a fact of life, driver shortages are not going to go away, and that congestion will continue to impact the ability of a carrier to guarantee on-time deliveries.
August 13, 2007 -
Batts Speaks at PeopleNet Users Conference
Lana Batts spoke at the PeopleNet Users Conference on “What the Future Holds for Trucking,” in Hilton Head, SC. She addressed certain factors that are now a given, such as high, volatile fuel prices, chronic driver retention issues, and highway congestion. She also pointed out positive factors affecting the industry such as increased freight volumes, improved trucks, and new markets.
July 23, 2007 -
Private Equity Provides Liquidity
Transport Topics quoted Richard Mikes in the 2007 “Top 100 Carriers… Private Equity Reshapes Trucking.” Mikes was quoted as saying: “Private equity investors are providing an alternative for trucking companies looking to sell their business. It has given trucking more liquidity. The private equity investor is driven by financial parameters.” He also addressed trucking owners’ uses of debt after the past cycle.
March 20, 2007 -
Mikes Speaks at CSX Conference
Richard Mikes spoke at the CSX Intermodal Conference in Memphis, discussing the strategic outlook for trucking and intermodal movements. He addressed current regulation, the impact of technology, trucking profitability, cyclical and seasonal impact, rate, tonnage growth and road congestion. The growth of intermodalism will continue in the short and long term as shippers and carriers search for new strategies, he forecast.
March 7, 2007 -
Mikes Addresses Navistar Corp. Meeting
Richard Mikes spoke at the annual Navistar Financial Corporation meeting in San Antonio on purchasing and financing decisions. His presentation included life cycle economics, financing trends, carrier decision methods, operational strategies, and technology trends. He discussed the needs and expectations of carriers for equipment financing over the long term with suppliers.
March 1, 2007 -
Mikes Quoted in Transport Topics Top 100
Richard Mikes, managing partner for Transport Capital Partners (TCP), was quoted in the annual Transport Topics 100 For-Hire Carriers in the article “Private Equity Reshapes Trucking As Investors Bolster Top Carriers.” Mikes said that private equity investors are giving an alternative to trucking companies looking to sell their business. Read the full article.
November 6, 2006 -
Batts Notes Inflow of Private Equity at ATA Meeting
Lana Batts spoke at the American Trucking Association’s annual meeting in Dallas, Texas. She discussed recent merger and acquisition activities in the trucking industry, as well as the new inflow of money from private equity companies. She was also quoted in the November 6, 2006, Transport Topics about the presentation.
