A recent conference call hosted by Stifel featured Transport Capital Partners Managing Partner, Dr. Richard Mikes. In the call, Mikes suggests that fairly flat demand and supply point to an upcoming capacity shortfall in the truckload industry. Furthermore, tightening supply and demand is increasing the potential for future rate increases. To read the full transcript, click here.
July 22, 2013 -
Current State of the Truckload Industry
July 9, 2013 -
Outlook Hopeful for the Transportation Industry
Powers & Stinson reports that TCP’s most recent Business Expectations Survey reflects a growing optimism among those in the transportation industry. More carriers now expect volumes to remain steady, or even grow, ending a 3-year trend of negative volume growth expectations. Additionally, a large majority of carriers are anticipating rates to increase over the next 12 months. Read the full post.
July 8, 2013 -
Optimism Growing for Future Rate and Volume Increases
There is an increasingly positive outlook for volume and rate growth in the industry. Both TheTrucker.com and TruckingInfo.com recently shared encouraging data from TCP’s 2nd quarter industry survey. The survey indicated that eighty percent of all carriers have seen rates hold steady over the past quarter. Furthering optimism, seventy-three percent of carriers are expecting rates to increase over the next year.
“Even with modest improvement in freight demand, carriers are anticipating much-needed higher rates from customers,” says Steven Dutro, TCP partner.
TheTrucker.com full article.
TruckingInfo.com full article.
July 8, 2013 -
Three-Year Trend of Lowered Volume Expectations Ends
Today’s Trucking references data from the 2nd quarter TCP Business Expectations Survey to suggest a more positive direction for the industry. In this survey, half of all carriers reported that they expect volumes to increase. These results finally break a three-year trend of lowered second quarter outlooks. Read the full article here.
June 25, 2013 -
Richard Mikes Comments on the State of the Trucking Industry in IMTA Quarterly
TCP managing partner Richard Mikes contributed an article to the most recent issue of the Iowa Motor Truck Association‘s quarterly Lifeliner Magazine. In the article, Mikes highlights data from last quarter’s TCP Business Expectations Survey showing increasing, if hesitant, optimism for volume and rate expectations in the industry. Trucking is warming up, but at what pace? For more, click here to download a .pdf of the full article.
June 6, 2013 -
Possibility of a Capacity Shortfall Increasing
An article from fleetowner.com reports that with rates still largely flat, much of the TL segment appears to be stalling on expanding capacity. However, a trucking capacity crunch could still be offset by capacity growth within the private fleet segment. The posting sites comments by TCP partner, Richard Mikes from his recent webinar hosted by Wall Street investment firm, Stifel Nicolaus. To read the full article, click here.
May 2, 2013 -
Richard Mikes Presenting Free Webinar on May 3
TCP Partner Richard Mikes will be presenting a webinar on Friday, May 3 at 11:00am EDT hosted by John Larkin, CFA – Transportation Analyst titled U.S. Truckload Fleet Status: TCP Survey 2013.
Topics to be discussed include:
- Discussion of the results of TCP’s latest industry wide survey of truckload management teams
- Truckload industry supply and demand
- Truckload pricing outlook
- The impact that new/revised federal environmental, safety and security regulations will have on capacity
- CSA compliance changes & costs
- Electronic log use rates
- New engine (2010) fleet experience
- Time for Q&A will be allotted at the end
Dial-In Number(s)
888-267-2848 (Domestic)
973-413-6103 (International)
Passcode: 346981
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Replay
800-332-6854 (Domestic)
973-528-0005 (International)
Passcode: 346981
Questions? Contact Richard Mikes at [email protected].
April 12, 2013 -
TCP survey says broker usage increases
FleetOwner shares results from Transport Capital Partners’ First Quarter Business Expectations Survey which found that broker usage amongst carriers has increased in recent months. The percentage of carriers using broker freight services increased from 16% in August 2012 to 25% in February of 2013. TCP Partner Steven Dutro is quoted in the article: “Freight brokers continue to provide loads that improve asset utilization and efficiency as customer demand fluctuates.” Dutro also discusses how the increase in broker services is a reflection of the ebb and flow of seasonal freight. Read the full article.
April 10, 2013 -
More fleets using elogs to lift CSA scores
More fleets are using electronic driver logs (elogs) to improve CSA scores, Transport Topics reports. The article highlights the results from Transport Capital Partners’ recent Business Expectations Survey that found 34.6% of carriers are using elogs on all of their trucks with an additional 68.1% either testing or using elogs on some of their trucks. TCP Partner Richard Mikes says that the federal Compliance, Safety Accountability ratings program is “one of the drivers” behind the increase in electronic log usage.
The article also discusses how elogs represent a “huge opportunity” for carriers to lower the CSA violations. Additionally, these on-board devices allow carriers to monitor speed and other measurable that help improve operations. Read the full article to learn more about the shift towards electronic logs and carriers concerns for CSA scores.
Are you the owner or executive of a trucking company who is interested in contributing to the next Business Expectations Survey? Click here to learn more.
April 5, 2013 -
Survey Finds Split Reaction to 2010 Engines
Transport Capital Partners’ First Quarter 2013 Business Expectations Survey found split reactions to the fuel economy and maintenance costs of 2010 engines versus 2007 engines reports FleetOwner.com. Over half of the carriers surveyed have seen fuel economy improve with 2010 engines, but 40% say that there has been no change. There was an even larger discrepancy between large carriers (over $25 million) and small carriers.
“Carriers differ in their measurement systems and tracking procedures, but the real story here is that very few carriers have seen a decline in fuel economy with the 2010 engines,” said Steven Dutro, TCP partner. “Most of the carriers we talk to have reported overall improvement in mpg in recent years from a combination of technology and training efforts.”
