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News

Richard Mikes Quoted About Impact of Regulatory Uncertainty

Truckinginfo.com cites Richard Mikes, TCP managing partner, in an article about the impact of regulatory uncertainty on the future business plans of fleet managers. Read more.

Truckload Rates on the Rise Industry Wide

The Journal of Commerce discusses TCP’s research which shows that truckload rates are on the rise industry wide, although larger carriers seem to be experiencing greater increases than smaller carriers. The article calls the finding, “a sign there may still be life in trucking’s fall peak season.” Click here to read more.

Anticipated Acquisition Activity as Carriers Manuever Changing Industry

An article from TruckingInfo.com notes TCP survey results that project an increase in merger and acquisition activity as carriers attempt to maneuver a changing transportation industry. Read the full article here.

Practical Miles vs. Shortest Miles Formula

DC Velocity writer, Mark B. Solomon, discusses TCP’s finding regarding the change to the “Practical Miles” trucker pay formula from the more traditional “Shortest Miles” formula. Read more.

Almost Seventy Percent of Carriers Expect Volumes to Increase

The Trucker.com captured TCP’s third quarter survey results in an online article entitled, “Carriers: freight volume to increase in next year, but capacity won’t.” The article quotes both Lana Batts and Richard Mikes, TCP managing partners. Read more.

Carriers Plan to Use Independent Contractors and Used Trucks to Add Capacity

Truckinginfo.com displayed the survey results for TCP’s Business Expectation Survey, quoting Lana Batts, managing partner for TCP, about the specific ways carriers intend to add capacity in the next year. These plans include the use of both independent contractors and used trucks, despite high cost and limited availability. Read more.

Both Small and Large Carriers Hesitant to Add Capacity

FleetOwner.com highlights TCP’s Third Quarter Business Expectation Survey’s findings that carriers expect to see volumes and rates increase in the coming year. The article also discusses the survey results which show hesitation of both large and small carriers to add capacity in the next twelve months. Read the full article.

Mikes Quotes on Recent Decision by Three Fleets to Provide Public Share Offerings

Mikes is quoted in an article of Transport Topics discussing the recent decision of three truck fleets to provide public share offerings. For more than five years the industry has gone without a stock sale. All three carriers plan to repay debt with the proceeds. Click here to read the full article.

Interest in Used Trucks is Growing

A recent article of Transport Topics notes that interest in used trucks is growing and that new vehicles only accounted for 23% of 2010 registrations. Mikes discusses how the increase in the price of new equipment puts pressure on carriers to raise rates. To learn more about the recent equipment trend, click here.

Effects of the Improving Economy on the Transportation Industry

An article by Truckinginfo.com says that TCP’s most recent Business Expectations Survey reports important findings about the effects of the improving economy on the transportation industry. The article focuses on carriers’ increased interest in mergers and acquisitions. Read the full article.