Jason Rhyno of Today’s Trucking Magazine recently sat down with Richard Mikes of Transport Capital Partners to discuss driver wages and turnover. The results from TCP’s fourth quarter 2011 Business Expectations Survey show that two-thirds of surveyed carriers think that wages must be more than $60,000 to attract and retain drivers. Additionally the American Trucking Association (ATA) data shows that driver turnover rates doubled in the second half of 2011. Mikes discusses the importance of carriers balancing in 2012: balancing available trucks with rising freight volumes and balancing driver wages with existing rates. Read the full “The 60,000 Questions” article here.
March 21, 2012 -
The 60,000 Questions Interview with Richard Mikes
March 21, 2012 -
Ontario Trucking Association Reports on Survey Results
The Ontario Trucking Association reported on TCP’s first quarter Business Expectations Survey which that found that for the past three quarters carriers have continued to be optimistic for volumes and rates in the year ahead. Click here to read more.
March 12, 2012 -
CNBC Reports on Shortage of Qualified Truck Drivers
CNBC.com reports that while the U.S. GDP is improving, there are still a number of jobs that are difficult to fill. In addition to software developers, accountants, and nurses, there is a shortage of qualified truck drivers. Data from TCP’s fourth quarter 2011 Business Expectations Survey is cited stating that the driver shortage has improved slightly but 70 percent of carriers still report empty seats. Click here to read more.
March 6, 2012 -
Health Care Costs Put Financial Pressures on Carriers
An article by InsuranceNews.net reports that the rising costs of health care not only put financial pressure on the bottom line for carriers, but also makes it more difficult for them to recruit drivers and independent contractors. Click here to read more about how health care costs are affecting the transportation industry.
March 1, 2012 -
Recent Health Care Changes Adversely Impact Carriers
The impact of health care changes on carriers is discussed in a recent article by Bulk Transporter which highlights the findings of TCP’s fourth quarter Business Expectations Survey, most notably that 80% of surveyed carriers say that these changes will adversely affect business. Click here to read more about how carriers are planning to shift costs.
February 1, 2012 -
Driver Shortage Continues But Carriers Are Agressively Recruiting
According to TCP’s fourth quarter carrier industry survey and a recent article by Bulk Transporter, driver issues continue for carriers. While a driver shortage still exists, Mikes, TCP Partner, notes that “Carriers are aggressively recruiting and are opening more training slots, while the lack of extension of unemployment benefits is potentially encouraging people to seek jobs and training.” Click here to read more.
January 27, 2012 -
Health Care Costs Rising
A recent article by InsuranceNewsNet.com discussed the impact of rising healthcare costs on businesses nationwide. The article cites the findings of TCP’s fourth quarter 2011 Business Expectations Survey which found that 80% of carriers surveyed will be adversely affected by recent healthcare changes. In 2012, the healthcare premium rate increase is predicted at 7% and average premium price per employee at $10,475. To read more about the variety of methods discussed for combating these rising costs, click here.
January 26, 2012 -
Are Health Care Costs Eating Carriers Alive?
Fleet Owner questions what impact rising health care costs will have on carriers by referencing results from TCP’s recent Business Expectations Survey. To read more about carriers’ thoughts and strategies on combating these costs, click here.
January 26, 2012 -
Smaller Carriers More Likely to be Impacted by Health Care Changes
Batts and Mikes are both quoted in an article by TruckingInfo.com that highlights the findings about health care costs from TCP’s recent survey. According to the survey, smaller carriers are more likely to be negatively impacted by healthcare changes that larger carriers who plan to implement numerous strategies such as wellness plans. Click here to read the full article.
January 25, 2012 -
Survey Questions What Effects Health Care Changes Will Have on Carriers
An article by TheTrucker.com discusses whether or not recent changes in health care will have an adverse effect on carriers, a question asked in TCP’s recent Business Expectations Survey. TCP partners speculate that the 19% of carriers who reported no adverse effect may be primarily independent contractor firms. Click here to read the full article.
