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December 4, 2012 - TheTrucker.com: Mid Seven Acquired by Boyd Brothers

TheTrucker.com reports that Boyd Brothers Transportation has acquired Mid Seven Transportation. The transaction was executed with the help of Miller Welborn and Jim Parham of Transport Capital Partners.

“This acquisition by Boyd Bros allows Boyd to move into a market that has historically been a strong flatbed market and also gives the combined companies a strong base to build on  for the future,” says Welborn about the transaction. “Mid Seven has a great reputation to build upon and can grow rapidly.”

“We are proud to add Mid Seven Transportion to the Boyd family of companies,” said Boyd Bros. President Richard Bailey. “We plan to operate Mid Seven autonomously as a separate subsidiary. Mid Seven has some of the best owner operators and employees in the industry and we are especially proud of their safety and service culture.” Read the full article here.

 

November 11, 2012 - Carriers Holding Steady in Flat Economy

From a November 11 article from BigTruckTV, slow growth in the US economy matches the trend in the trucking industry. According to TCP Partner Richard Mikes, “Carriers are not adding capacity as the economy remains relatively flat, used equipment prices go up and conservative equipment plans boost used demand.”

For TCP Partner Lana Batts, “Long term demographics still portend a shrinking driver pool, and current CSA and HOS regulations remove drivers and shorten effective hours (and pay checks) for existing drivers. Some runs that were doable in a day are requiring a sleep break.”

October 18, 2012 - Survey: Truckers’ Wages on the Rise

In an effort to increase driver retention, many carriers are planning to boost wages in the coming year, according to the Third Quarter 2012 Business Expectations Survey by Transport Capital Partners. The online publication Truckers Report claims that this is a step in the right direction, however more will need to be done in order to keep employees satisfied. Read the full article here.

October 17, 2012 - 77% of Carriers Plan to Increase Pay for Drivers

FleetOwner reports that over three-quarters of carriers are planning to give drivers a raise, with close to half of them expecting to increase pay by 2-5%. These figures are based on the quarterly Business Expectations Survey by Transport Capital Partners. TCP Partner Richard Mikes notes that wages in trucking have lagged over the past year when compared to other industries. Healthcare policy is also a concern, due to uncertainty over the fate of the Affordable Care Act. Depending on who wins the Presidential election, the ACA could go into effect, or be overturned. Read the full article here.

October 17, 2012 - Drivers Pay Likely to Increase

Truckinginfo.com reports that three-quarters of carriers are expecting to increase wages in the coming year in an effort to reduce driver turnover. The information comes from the Third Quarter Business Expectation Survey by Transport Capital Partners.

Uncertainty with how the upcoming presidential election will affect health care policies is also a concern for carriers, but not as much as was reported a year ago. TCP Partner Steven Dutro claims, “Without better pay and affordable health care for drivers, carriers will not be able to increase capacity for shippers.” Read the full article here.

October 5, 2012 - BES Survey Points to Limited Growth in Capacity

As reported on Refrigerated Transporter, carriers are not likely to add much capacity in the coming year. According to the quarterly Business Expectations Survey from Transport Capital Partners, the number of carriers expecting to add little or no capacity has remained between 70% and 74% for the past five quarters. TCP Partner Lana Batts cites driver shortages, coupled with CSA and HOS regulations, as having a diminishing effect on equipment purchases.

October 3, 2012 - Freight Carriers Reluctant to Add Capacity

The Third Quarter 2012 Business Expectations Survey from TCP shows that carriers remain slow to add capacity to their fleets. TCP Partner Richard Mikes notes an increase in the used equipment market, while Partner Lana Batts acknowledges the effects of a shrinking driver pool. Read the full article on Automotive World.

October 3, 2012 - Carrier Capacity Unlikely to Expand in Coming Year

TruckingInfo.com reports that “Few Carriers Expect to Add Much Capacity in Next Year,” citing Transport Capital Partners’ Third Quarter 2012 Business Expectations Survey. TCP Partner Richard Mikes notes, “Carriers are not adding capacity as the economy remains relatively flat and used equipment prices go up and conservative equipment plans boost used demand.” Read the full article here.

September 28, 2012 - Increase in Carriers Interested in Making a Strategic Acquisition

A recent article by Fleet Owner magazine cited TCP’s recent Business Expectations Survey which found a record number of carriers are interested in making a strategic acquisition in the next 18 months. Richard Mikes was quoted in the article as saying: “A lot of fleets buy and sell for different reason, but what we’re seeing now is that there are more strategic buyers in the market versus purely financial buyers.” Click here to read the full article.

September 17, 2012 - Transportation Issues Absent from Presidential Discourse

Lana Batts is quoted in a Logistic Management article citing the absence of infrastructure discussion in the political discourse. “Neither party wants to address the fact that the infrastructure is crumbling beneath their very feet because it means raising taxes to pay for it,” Batts said. “Building the interstate system took a visionary; maintaining it takes politicians with the guts to raise taxes and not just cut ribbons.” Read the full article here.