Truckers’ thoughts on credit, new engines and rules: TCP
NASHVILLE, Tenn. — Credit availability is pressing on carriers’ minds, along with new engines and technical regulations like Electronic on-board recorders (EOBRs).
According to Transport Capital Partners‘ second quarter Business Expectation Survey, a recent bump in freight and rates in the U.S. has carriers considering financing and adding capacity, says Richard Mikes, TCP partner.
Larger carriers, however, tend to be more optimistic about the credit outlook, added Lana Batts, managing partner for TCP.
Overall, two-thirds believe that credit availability will remain the same, while a quarter of carriers surveyed look for improvement; and around 17 percent expect it to tighten.
Meanwhile, EOBRs are being tested by about one quarter of the carriers surveyed.
Slightly more than half of carriers are also considering 2010 truck engines as many report increase maintenance costs with EPA 2007 engines.
TCP specializes in transportation mergers and acquisitions, capital sourcing and advisory services.
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