Transportation Costing Group, specialists in profitability management tools and activity-based cost analysis for the transportation industry, announced today, April 18 that Lana Batts will serve as the company’s chairman. A 30-year veteran of the trucking industry and former president of the Truckload Carriers Association, Batts is expected to lead the company’s drive into the truckload sector.
TCG was founded in 1982 to provide LTL carriers with activity-based individual shipment cost models to help them function successfully in the then-newly deregulated trucking environment. Since then, the TCG product line has grown to include a variety of profitability management tools for LTL and truckload carriers alike.
“I started this company with the intention of assisting LTL carriers become more profitable,” says Ken Manning, president of Bethesda, Md.-based TCG. “We recently expanded our product line to include truckload carriers, and Lana’s experience in that market sector is exactly what we need to give this new product the same chance at being as successful as our less-than-truckload product. It’s an exciting time for us, and we are pleased to have Lana on board.”
From 1974 to 1992, Batts served as senior vice president of government affairs for the American Trucking Associations. She became TCA president in 1994 and remained there until 2000. She currently is managing partner in Transport Capital Partners — formerly known as Larsen, Batts, Welborn & Co. — a mergers and acquisition firm that specializes in the trucking industry. Batts holds a variety of trucking-related awards and honors, including ATA’s highest award, the S. Earl Dove award.
“I am honored to serve as the chairman of TCG,” Batts says. “I understand how important it is for carriers to have accurate cost information that goes beyond the historical assumption that all costs are mileage-generated. TCG is leading the way for carriers to understand where their costs are generated and to determine which loads, lanes and customers are truly profitable.”