Our team is frequently quoted in transportation sector publications, as well as speaking engagements at a number of industry conventions and meetings.
January 27, 2012 – 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 – Batts and Mikes are both quoted in an article by TruckingInfo.com that highlights the findings about healthcare 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 26, 2012 – Are healthcare costs eating carriers alive? Fleet Owner questions what impact rising healthcare 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 25, 2012 – A recent article by Supply Chain Digest (SCD) says that the findings from TCP’s fourth quarter survey regarding driver wages would signify a 30% increase in current pay. Due to this increase rates would have to be raised by at least 11%. Click here to read more and to view the graphics SCD selected for the article.
January 25, 2012 – An article by TheTrucker.com discusses whether or not recent changes in healthcare 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.
January 18, 2012 – An article from Today’s Trucking discusses the findings of TCP’s recent survey which shows that a driver shortage continues and wage expectations for drivers has shifted. Some of the partners were quoted discussing the results, noting that “balance will be a keyword in 2012”. Click here to read the full article.
January 18, 2012 – A recent article by Truckinginfo.com highlights some of the findings in TCP’s recent fourth quarter 2011 Business Expectations Survey which shows that 65% of carriers anticipate that driver pay will need to be north of $60,000 to both attract and retain drivers. Read the full article here.
January 11, 2012 – Both Batts and Mikes were recently quoted in Fleet Owner’s article discussing TCP’s fourth quarter Business Expectations survey that found that 73% of carriers plan to add 0-5% capacity. TCP believes that these expectations are impacted by low GDP predictions, escalating costs and regulatory constraints, and an unclear path towards higher rates. For more information, read the full article here.
January 11, 2012 – Seventy-three percent of responding carriers in TCP’s recent survey said that they will not add any sort of significant capacity until rates improve. Twenty-five percent of carriers said that the operating ratio would need to be 87-90, while 50% said that it would need to be between 91-94. Click here to read Truckinginfo.com’s full review.
January 10, 2012 – TCP’s fourth quarter Business Expectations survey found that carriers are still hesitant to add capacity, and TheTrucker.com discusses how, for the last six quarters, carriers’ plans to expand have remained consistent. For more information, read the full article here.
January 4, 2012 – Commercial Carrier Journal reports the recent sale of E.W. Wylie of Fargo, N.D., to Walden Smokey Point. TCP facilitated the transaction between the two parties and was pleased to “help these two great companies find each other.” For more information about this recent sale, click here to read the full article.
January 2, 2012 – A recent article by Transport Topics says that while predictions for the nation’s economic growth are still cautious, the trucking industry may see a “profitable ride” in 2012. Some analysts believe that freight rates will rise faster than inflation, allowing both truck and rail carriers to see an increase in profit margins. The article cites TCP’s fourth quarter 2011 Business Expectations Survey which found that three out of four executives expect freight rates to increase. To read more about rate expectations in 2012, click here to read the full article.
December 12, 2011 – Supply Chain Management highlights the optimism in the trucking industry as TCP’s final quarterly survey for 2011 shows that 61% of carriers expect volumes to increase in the coming year. Batts, who is quoted in the article, says that she was pleasantly surprised by the outlook, especially when there are so many fluctuations in the economy and political climate. Click here to read the full article.
December 8, 2011 – TheTrucker.com reports on TCP’s recent survey which shows that carriers are optimistic about both volumes and rates in the coming year. For more information about the survey, click here to read the full article.
December 8, 2011 – In an article by TruckingInfo.com, TCP’s recent survey is highlighted which showed that both small (under $25 million in revenue) and large carriers are expecting rates and volumes to increase in 2012. The survey also showed that a significant number of carriers reported increased rates over the previous three months. For more information about rate and volume expectations in 2012, click here to read the full article.
December 8, 2011 – The Journal of Commerce discusses TCP’s fourth quarter Business Expectations Survey which shows optimism from carriers, with more than 60 percent expecting volumes to increase in 2012. Additionally, only 2% of those surveyed expect freight levels to drop. Click here to read the full article.
December 5, 2011 – A recent article from DC Velocity titled “Mamas, don’t let your babies grow up to be truckers” discusses the impact of the Great Recession on trucking industry. TCP’s third quarter Business Expectations survey is cited, which showed that 28% of carriers are considering selling in the next 18 months if conditions don’t improve. This is the highest percentage since the survey began in 2008. Batts is quoted in the article as saying that the higher costs and regulatory constraints are frustrating to executives and that “it just isn’t fun anymore.” For more about the impact of the economy on the trucking industry, read the full article here.
October 27, 2011 – Results from TCP’s third quarter Business Expectations Survey were chosen by Supply Chain Digest as the graphic of the week. Click here to review the results of the survey question “How have your average freight rates moved in the last 3 months?”
October 27, 2011 – The Ontario Trucking Association cites TCP’s recent survey noting that “One in five carriers are willing to park their trucks.” Click here to read more.
October 27, 2011 – Tire Review discusses results from TCP’s third quarter business expectations and insights from the partners that say that small fleets are more likely to leave the industry if volumes do not increase. Read the full review here.
October 26, 2011 – In a recent article by TruckingInfo.com, Batts and Mikes are quoted regarding the recent findings from the Third Quarter TCP Business Expectations Survey. Given uncertainty about volumes, rates, drivers, and the economy, many carriers are considering leaving the industry. For more information, read the full article.
October 26, 2011 – While smaller carriers are more optimistic about business volume increases over the next six months, there are still a significant number (20% of those surveyed in TCP’s recent Business Expectations Survey) that are strongly considering leaving the industry. To read the full coverage by TodaysTrucking.com, click here.
October 24, 2011 – AmericanShipper.com discusses the tension between carriers who are hesitant to add capacity and the possibility that, with a slight improvement in the economy, there will be a truck shortage. Batts, who spoke for a Stifel Nicolaus Capital Markets conference call on October 12th, was quoted in the article. To read more about the Third Quarter TCP Business Expectations Survey and Batts’ reflections, click here.
October 20, 2011 – While the use of independent contractors has remained steady over the last five quarters, the tendency for carriers to use contractors to expand their fleets is trending down. TruckingInfo.com quotes Batts and Mikes on the findings from TCP’s recent Business Expectations Survey. To read the full article, click here.
October 13, 2011 – The Canadian Trucking Alliance reports on the most recent TCP Business Expectations Survey by highlighting the decrease in the use of brokers in the industry. To read more about the future of brokers in the trucking industry, click here.
October 5, 2011 – TruckingInfo.com reports how carriers are backing away from new truck buying plans and are unsure of how to add capacity. The article cites the Third Quarter TCP Business Expectations survey as well as quoting both Batts and Mikes. To read more about carriers’ feelings on adding capacity, read the full article.
October 5, 2011 – FleetOwner.com speculates the upcoming future of the trucking industry and cites the Third Quarter TCP Business Expectations Survey. According to ACT Research Co., truck orders for September exceeded expectations, and another report shows that the non-manufacturing sector continues to grow. Capacity increases are still uncertain however, and many carriers report not planning on adding significant capacity. For more information, read the full article.
October 4, 2011 – TruckingInfo.com reports the recent addition of Jim Parham to the Transport Capital Partners team. Parham brings more than 40 years of experience in the transportation industry. For more information about Parham and Transport Capital Partners, read the full article.
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