According to recent American Trucking Association data there have been 1,300 fleets that have closed their doors during the first 9 months of 2009 compared to 2,690 failures in the first three quarters of 2008. Let’s hope for the sake of all of us truckers, the families we support, and the Nation that we serve that the worst is over and we can start to stabilize in an Industry that is crucial to sustain what we stand for and expect and simply put, “the American Way of Life”. From the standpoint of basic textbook Supply and Demand we must think that the supply of tractors will continue to shake out of the system until the freight rates start to move in a rational upward direction. It is just simply not sustainable nor realistic to think that truckload freight can move with any certainly or service levels when the revenue is barely enough to offset a driver’s wage and fuel for the tractor; let alone the multitude of other line item expenses and taxes that the professional trucking company faces in today’s business world. I am pleased to announce, effective 12-31-2009, the formal merger of TCSI, Transland, and RayCore Carriers into one Missouri based Corporation known as TCSI-Tranland. All of the entities are in good standing financially as detailed by our press release on 12-1-09. The Ownership structured has not changed as the Walker Family is poised to guide the Company growth well into the future. That being said the Management Team at TCSI-Transland spent the bulk of 2009 proactively addressing fixed and variable overhead issues as we made incremental adjustments to what many observers are calling the “new normal” in business. The new normal would include freight and revenue levels considerably below those levels enjoyed in the 2004, 2005, 2006 growth spurt coupled with intense pricing competition between surviving motor carriers struggling to keep their fleets in consistent motion. While adapting to these new challenges the management at TCSI had the foresight in 2009 to keep investing in technology,equipment, processes, environmentally sound practices, and the ongoing pursuit of excellence. The game plan in motion is plain and simple for all to see; as the economy moves forward TCSI-Transland is in position to increase its asset and brokerage capacity quickly to keep pace with the growing needs and requirements of its valued clients. We are certainly looking forward to the opportunities that are being presented to us as we move forward into 2010 as we see it as a year of optimism and recovery. Please feel free to interact with us through whatever medium best suites your taste as we appreciate and expect to learn from future dialogue with our clients, critics, suppliers, and community.
I leave you with Best Wishes for all of our continued success,