3 Takeaways from Part 1 of “How and Where to Build Business Value in a Tough Economy” – Financial Reporting
This past Friday, Tenney delivered Part One of a three part “Deep Dive” webinar series presented by Truckload Carriers Association. Each part in this timely educational series equips business owners to build business value in areas they can completely control. The focus of part one was building value in the area of financial and operational […]
Guest Columnist, Beth Carroll – Incentive Compensation in a Post-COVID World
Beth is the founding partner of Prosperio Group, a business consulting firm that focuses on the strategic management of compensation for global transportation & logistics companies. Beth is based in Chicago, IL and has over 20 years’ experience developing incentive compensation plans for companies across the globe in a variety of industries. Prosperio consultants have […]
One Thing the CARES Act Won’t Do For Your Trucking Business – An Interview with Patrick Eakins from ENGS Capital
Many of our trucking and logistics clients and industry friends are trying to navigate through this confusing time. To help bring financial thought leadership to the conversation, we sought out advice from Patrick Eakins of ENGS Capital. Below a condensed summary of our recent conversation. Tenney Group: Much of our industry’s focus is currently […]
3 Takeaways from TCA Webinar: Trucking M&A in Uncertain Times
Tenney Group had the opportunity to share some timely insights about what is happening in trucking M&A in this “new” environment. We were quick to acknowledge that every specialty within trucking is being affected by the coronavirus in different ways and that no one fully understands everything that is happening. In addition to sharing 2019/2020 […]
3 Opportunities to Improve Your Bottom Line Right Now – Guest Columnist Ryan Schreiber, CarrierDirect
This week’s featured guest columnist is Ryan Schreiber. Ryan has lived his career at the intersection of transportation and technology. As CarrierDirect’s Director of Engagement, Ryan works with clients on challenging the status quo while respecting the challenges both businesses and individuals face through change. Before joining CarrierDirect, Ryan has started multiple businesses in the […]
The Most Common Characteristic in Successful Transfers of Ownership: Shared Risks
Shared risks are present everywhere in life. For example, we deal with insurance, taxes, and social security daily, all of which spread the risk across many parties. Shared risk is found in even the most unlikely of places — a fourth-grade group project has shared risks; Tommy will fail if Susie doesn’t do the work, […]
Case Study: 23M Trucking Company Sale Success Begins with Clarifying Strategic Options
When Furniture Row Express reached out to Tenney Group, they needed clarification. FRE was a subsidiary of a very large national furniture company. As part of capturing synergies and becoming more efficient, the company developed a trucking division. For the past five years, they had experienced significant growth. The company initially intended to provide hauling […]
Case Study: Owner Considers Current Value, Other Factors to Plan Industry Exit
This month, we finished a valuation for a client. Following the presentation of the report, the owner went away for a few weeks and discussed the potential tax implications of a sale with his accountant. Ultimately, the owner determined two things. First, he understood and trusted the conclusions from Tenney Group’s report concerning his transportation […]
5 Different Situations in Which Business Valuations Are Required for Trucking Companies
A trucking business valuation will be an important tool in nearly every business decision you will make. But while you can visit Zillow.com for an estimate of your home’s value, obtaining an accurate business value is not quite so straightforward. Whether you are planning to expand your company, put your trucking business for sale, or […]