Richard Mikes spoke at two Iowa Motor Truck Association (IMTA) meetings on March 24 and 26th on the topic “Where Do We Go From Here? Capturing the Value of Change.” He discussed three primary areas: (1) Supply chain implications, involving trends toward more plant and distribution centers, closer national and international sourcing, and a modal mix shift favoring trucking; (2) Global and international recessions, with consumer confidence at its lowest levels, the resultant “fear factor,” and the likelihood that this recession will mirror the early ‘80s; and (3) Impact upon trucking, including results from the recent TCP survey that indicated the severity of rate pressures, high number of carriers considering buying or selling, carrier cost adjustments, the likelihood of capacity restraints with volumes rising in late 2009 or early 2010, and strategies being set for future prosperity and growth by carriers who seize opportunity now.
Richard Mikes will be the featured speaker at the Iowa Motor Truck Association Meeting on March 24, 2009. His presentation is titled, “Trucking in 2009: Insight, Observations, and Predictions”.
Transport Topics recently quoted Richard Mikes regarding new driver’s pay. The article also references the national Business Expectations survey conducted by Transport Capital Partners. Read the entire article.
Richard Mikes, managing partner of Transport Capital Partners, was quoted in the article “Some Firms Cut New-Driver Pay as Freight Demand Stays Low” in the February 23 issue of Transport Topics. Read the full article here.
Transport Capital Partners released oberservations on the current lending enviroment and credit market for trucking. View the entire article.
TruckerToTrucker.com quoted Richard Mikes in an article, “Is Private Equity Helping or Hurting Trucking?” Read the full article here.
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.
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.
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.
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.
