Transport Topics recently published an article by Steven Dutro, “Carriers in the New Lending Enviroment”. View the entire article.
November 3, 2008 -
Lending Slow in Rough Economy
November 1, 2008 -
Batts Analyzes the Credit Crunch
Traffic World quoted Lana Batts on the how the credit crunch is also affect efforts to privatize the nations highways and bridges. She noted that the same factors impacting the housing credit (less money, higher rates, more difficult covenants) are also impacting efforts of USDOT and state DOT efforts to secure private equity investment in highways and bridges. Money has become more difficult to secure because highway officials can neither guarantee revenues nor expenses.
October 20, 2008 -
For Many Truckers, Meeting Financial Obligations Becomes a Challenge
Transport Topics quoted Lana Batts on the credit crunch. She noted that banks are becoming concerned whether shippers will be able to pay their bills to carriers. As a result, they are concerned whether carriers’ account receivable are as solid as they once were. She noted that the issues to be “when” a carrier was paid; the issue is now becoming “if” they will be paid.
October 17, 2008 -
Lending is Difficult to Come By
Transport Capital Partners released oberservations on the current lending enviroment and credit market for trucking. View the entire article.
October 13, 2008 -
Batts Addresses Issues in Financing
Transport Topics quoted Lana Batts on the tight credit markets. She noted that while there are still some people who are willing to work with truckers on financing, the list is getting shorter and the qualifications are getting tighter.
October 9, 2008 -
Observations from the ATA Annual Meeting
Transport Capital Partners released oberservations on the recent ATA Annual Meeting. View the entire article.
October 3, 2008 -
TCP Assists in US XPress/Smith Transport Merger
Transport Capital Partners is pleased to have assisted in a transaction between U.S. Xpress Enterprises and Smith Transport, Inc., in wich U.S. Xpress will acquire 47 percent interest in Smith Transport. View the full article.
September 19, 2008 -
Carriers Feeling the Pinch
Transport Topics quoted Lana Batts on the growing cash crunch. She noted that shippers are extending the time the pay carriers. The problem is made worse because carriers have to pay their fuel costs on a daily basis, but are being paid by the shipper until 45 days later. She noted that even if a carrier receives 100% fuel surcharges from 100% of its customers, it is still about 20% in recovering its increased fuel costs because of billed versus actual miles, out of route miles, empty miles, and idling.
July 25, 2008 -
Batts: Financial Environment Was the “Perfect Storm”
The Chattanooga Free Press quoted Lana Batts. “You had the most perfect storm that could have ever been created. It has just been a compounding over and over and over again,” said Lana Batts, former president of the Truckload Carriers Association and managing partner with Transport Capitol Partners, a mergers and acquisitions company.
July 23, 2008 -
Insights from the Refrigerated Truckload Conference
Transport Capital Partners attended the Truckload Carriers Association’s annual Refrigerated Division Conference in Monterey, CA in early July. Listening to several presentations, participating in workshops, and visiting with attendees provided diverse insight into direction of the refrigerated industry. View the full article on TCP’s observations of this conference.
