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57 episodes with spencer tenney
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How does the changing market condition affect M&A in freight? Find out with our returning guest, Spencer Tenney from Tenney Group! Here's What to Learn From This Episode: M&A Market Trends: Current market volatility affecting M&A in freight; mixed industry responses—some waiting, others pursuing acquisitions. Tariffs and uncertainty driving cautious capital allocation decisions. Buy vs. Build Decisions: Companies often prefer M&A to build capabilities like AI due to tight margins and market challenges. Increased diligence in capital allocation noted as firms manage risk, with a cultural inclination towards acquisition over development. Cash Flow & Consolidation: Small transport businesses financially fragile, most operate month-to-month. Rising bankruptcies from cash flow issues. Industry consolidation growing as small operators exit or merge for increased profitability, driven by sustainability and risk factors. About Spencer Tenney Spencer Tenney is President and CEO of the Tenney Group, a merger acquisition advisory firm dedicated to the transportation industry since 1973. The Tenney family has been serving the transportation industry for three generations. Spencer is a graduate of the University of Texas in Austin, He is also the only Certified Merger & Acquisition Advisor (CM&AA) in North America that is dedicated exclusively to the transportation industry. Spencer and his team have closed hundreds of transportation business sales across the United States. Tenney Group clients are companies in the trucking, logistics, passenger transportation industries with annual revenues of 20M - 300M. Spencer's articles have been featured in Fleet Owner, Transport Topics, School Bus Fleet and many other industry publications. He is a sought-after speaker at national and state industry trade shows and currently serves as Chair of the American Trucking Association's M&A Task Force. Spencer and his wife Lauren reside outside of Nashville in Franklin, Tennessee. He enjoys songwriting and is actively involved in the Hope Clinic, a faith-based organization that equips women, men, and families to make healthy choices regarding unplanned pregnancies, depression, & addictions. He is also the founder of "Tuesdays with Tenney Group, a networking group designed to enrich relationships and business opportunities for Historic Downtown Franklin, TN professionals. Connect with Spencer Website: https://www.thetenneygroup.com/ LinkedIn: https://www.linkedin.com/in/spencertenney/
We're now on the last mashup episode of 2024 and today, we've got Spencer Tenney of episode 752 and Ben Gordon of episode 800 for more valuable perspectives on the transportation industry! These episodes emphasize the significance of cash flow management, strong management teams, investment strategies in logistics, capital raising vs bootstrapping, supply chain technology trends, and more! About Spencer Tenney Spencer Tenney is President and CEO of the Tenney Group, a merger acquisition advisory firm dedicated to the transportation industry since 1973. The Tenney family has been serving the transportation industry for three generations. Spencer is a graduate of the University of Texas in Austin, He is also the only Certified Merger & Acquisition Advisor (CM&AA) in North America that is dedicated exclusively to the transportation industry. About Ben Gordon Ben Gordon is the Managing Partner and CEO at Cambridge Capital. Cambridge Capital is a private equity firm investing in the applied supply chain. The firm provides private equity to finance the expansion, recapitalization or acquisition of growth companies in our sectors. Our philosophy is to invest in companies where our operating expertise and in-depth supply chain knowledge can help our portfolio companies achieve outstanding value. Make sure to connect with both Ben & Cambridge on social media!
2024 is still a slow freight market but that is not stopping growth opportunities. Spencer Tenney from The Tenney Group explains how his advisors are watching the market for signs of change and advising their clients to take growth steps right now. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today we sat down with Spencer Tenney, the President and CEO of Tenney Group, a merger acquisition advisory firm based in Franklin, Tennessee. Spencer brings us through his career as a third-generation transportation logistics specialist and shares his take on family dynamics in freight and the importance of preparation for a successful sale.Brought to You By Levity.ai. In freight, time is money, and efficiency is key. That's where Levity comes in. Imagine automating your email operations to do more with less effort. Levity connects directly to your inboxes, extracting vital information from emails and attachments in real-time. It seamlessly integrates with your TMS, empowering you to quote faster, build loads more efficiently, and book more freight in less time. Whether it's incoming emails from shippers or carriers, Levity's got you covered. It understands any language, any format, and even interprets non-standard formatting. Visit Levity.ai today to sign up and get started.Support the show
Joe Lynch and Spencer Tenney discuss The Logistics of Logistics story. Joe is Founder and CEO of The Logistics of Logistics, a media property that provides valuable insights from logistics and supply chain leaders on various topics related to the industry, such as innovation, technology, trends, and the future of freight. About Joe Lynch Joe Lynch is the host of The Logistics of Logistics podcast, which is consistently ranked as a top logistics and supply chain podcast. The Logistics of Logistics provides insights from logistics and supply chain leaders on innovation, technology, trends, and the future of freight. Before podcasting, Joe consulted to large shippers on the selection and management of logistics providers. Additionally, he helped transportation and logistics companies grow their sales. As COO, Joe ran a 3PL focused on LTL and truckload shipping. Prior to his logistics career, Joe was a lean process expert, project / launch manager and automotive engineer for Jeep in Thailand, China, and the US. Joe earned a BBA from Cleary University and a MA in Education from the University of Michigan. About The Logistics of Logistics The Logistics of Logistics is a podcast and blog hosted by industry expert Joe Lynch. Joe interviews founders, executives, and innovators who are shaping the future of logistics and supply chain. Topics include transportation, logistics, warehousing, technology, supply chain, and ecommerce. The Logistics of Logistics audience expects an inside perspective of what's next in logistics and supply chain delivered via podcasts, videos and articles. Key Takeaways: The Logistics of Logistics Story The Logistics of Logistics is a podcast and blog hosted by industry expert Joe Lynch. Joe interviews founders, executives, and innovators who are shaping the future of logistics and supply chain. The Logistics of Logistics connects with the logistics community through various channels including podcasts, videos, articles, and social media The Logistics of Logistics podcast provides a valuable opportunity for guests to showcase their expertise, share insights, and connect with leaders and decision-makers in supply chain, transportation, logistics, warehousing, and technology. An appearance on The Logistics of Logistics podcast can enhance the recognition and credibility of the guest and their company by providing exposure to a wide audience of industry professionals. Learn More About The Logistics of Logistics Story Joe Lynch | LinkedIn The Logistics of Logistics | LinkedIn The Logistics of Logistics | Homepage Spencer Tenney | LinkedIn Tenney Group | LinkedIn Tenney Group | Homepage Spencer Tenney and the Tenney Group Story What's Driving the 3PL Industry Consolidation with Spencer Tenney Transportation M&A with Spencer Tenney The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube
Spencer Tenney and Joe Lynch discuss transportation M&A. Spencer is President & CEO of Tenney Group, trusted M&A advisors to transportation industry. About Spencer Tenney Spencer Tenney serves as President & CEO of Tenney Group, where he oversees the firm's day-to-day effectiveness and long-term vision. Spencer is a graduate of the University of Texas at Austin and holds the designation of Certified Merger & Acquisition Advisor through AM&AA. Prior to Tenney Group, Spencer worked as a Director at Merritt Hawkins, a healthcare recruiting firm in Dallas. He also owned a music publishing company. Spencer and his wife, Lauren, reside outside of Nashville in Franklin, Tennessee and have been married for 13 years. He has three amazing kids – 9,6, & 3. He enjoys writing country music, reading presidential biographies, and F3 (Fitness, Fellowship, Faith). He currently serves on the board of Franktown Open Hearts, a faith-based organization dedicated to equipping inner-city kids to free themselves from generational poverty. About Tenney Group Tenney Group are mergers and acquisitions advisors who work with business owners in the 3PL, trucking, and bus industry. These business owners are hardworking individuals or teams who have created and lead companies that are the backbone of America. Unfortunately, pitfalls unique to the transportation industry can threaten an owner's ability to sell their business for what they deserve or even threaten their ability to sell at all. Luckily, Tenney Group has developed an industry specialized process that enables business owners to navigate these pitfalls and maximize their ability to get a deal done. Ultimately, this allows owners to impact their family, employees, and community in profound ways while also giving them peace of mind that they made the best decision. The Tenney Group's unique expertise helps transportation business owners build and protect business value, grow through acquisitions, and optimize the sale of their businesses. The Tenney Group was established in 1973 and has completed over 200 transportation deals. Key Takeaways: Transportation M&A The Tenney Group are trusted mergers and acquisitions advisors to the transportation advisors for the following reasons: Specialized Expertise: The Tenney Group isn't your average M&A advisor. They focus solely on the transportation and logistics industry, boasting over 45 years of experience navigating its unique complexities. Think trucking, warehousing, logistics providers, and more – they've seen it all. Proven Track Record: With a 98% success rate in closing deals, The Tenney Group has a well-deserved reputation for excellence. They've helped countless transportation businesses achieve their M&A goals, whether it's selling, buying, or restructuring. Relationship-Driven Approach: Forget cold calls and impersonal transactions. The Tenney Group builds strong relationships with both buyers and sellers, ensuring a smooth and collaborative M&A process. They understand the emotional side of business transitions and prioritize trust and open communication. Confidentiality is Key: Selling or buying a transportation business is a sensitive matter. The Tenney Group takes confidentiality seriously, employing strict protocols and a network of trusted partners to protect your information throughout the M&A process. Maximizing Value: The Tenney Group doesn't just get you a deal; they get you the best deal possible. They leverage their deep industry knowledge and extensive network to attract qualified buyers and negotiate favorable terms, ensuring you get the maximum value for your transportation business. Streamlined Process: M&A can be complex and time-consuming. The Tenney Group has a proven, step-by-step process designed to streamline the process, minimize disruptions to your business, and keep you informed every step of the way. Giving Back: The Tenney Group believes in making a positive impact beyond the boardroom. They're committed to philanthropy and actively support various charitable causes, especially those related to the transportation industry. Learn More About Transportation M&A Spencer Tenney | LinkedIn Tenney Group | LinkedIn Tenney Group | Homepage Spencer Tenney and the Tenney Group Story What's Driving the 3PL Industry Consolidation with Spencer Tenney The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube
Spencer Tenney is President and CEO of the Tenney Group, a merger acquisition advisory firm dedicated to the transportation industry since 1973. The Tenney family has been serving the transportation industry for three generations. Spencer is a graduate of the University of Texas in Austin, He is also the only Certified Merger & Acquisition Advisor (CM&AA) in North America that is dedicated exclusively to the transportation industry. Spencer and his team have closed hundreds of transportation business sales across the United States. Tenney Group clients are companies in the trucking, logistics, passenger transportation industries with annual revenues of 20M - 300M. To learn more about becoming a Freight Agent: https://spi3pl.com/ To learn more about Denim: https://www.denim.com/ To learn more about ShipperGuide from Loadsmart: shipperguide@loadsmart.com or www.ShipperGuide.com Ditch your carrier packet, Drive more carrier sales and get better load coverage with seamless digital onboarding, TMS integration, and smart load coverage, visit: https://brokercarrier.com/
What are private equity shops looking for when they look to acquire a trucking company? In this episode of The Hot Seat, Spencer Tenney is joined by Pierre Matthieu, Managing Partner at Bluejay Capital. Bluejay Capital specializes in improving financial and operational performance of transportation businesses all across North America. Their team of experts has more than 120 years of combined experience in transportation and logistics with a proven record of value creation. Spencer and Pierre discuss a recent deal that Tenney Group and Bluejay worked on together, what made the deal successful, why Bluejay is staying aggressive when others are pausing, and what causes them to walk away from a deal. ___ Are you looking to buy or sell a transportation business? We can help. Learn More
Technology advancements, fraud, business boom, and bust cycles are all trends that 3PL operators need to be thinking through in 2024. In this episode of The Hot Seat, Spencer Tenney is joined by Anne Reinke. She is the President & CEO of TIA. This is the episode to listen to if you're looking at what trends to focus on in 2024 in the 3PL space. TIA provides leadership and direction for the 3PL industry. They serve more than 1,700 third-party logistics members and help them better manage their companies for growth and profitability. ___ Are you looking to buy or sell a transportation business? We can help.Learn More
You can't go two days without seeing a nuclear verdict headline in the news. How should your company communicate with the press if it finds itself entangled in one of these incidents? In this episode of The Hot Seat, Spencer Tenney, CEO of Tenney Group, sits down with Dan Ronan. Dan is a Sr. Reporter at Transport Topics and has been communicating, publicly, about the transportation industry for a long time. Dan walks us through what he recommends trucking companies do when they find themselves in a PR crisis. ___ Are you looking to buy or sell a transportation business? We can help. Learn More
DOT Compliance affects every area of your transportation business but at the last minute, it could affect your M&A plans. In this episode of The Hot Seat, Spencer Tenney is joined by Brandon Wiseman, the President of Truck Safe Consulting. The discussion centers not only on how DOT Compliance affects your M&A efforts but also the common discoveries around these audits, how an organization can go from having a systematic problem with safety to one with a five-star reputation, and how to build a defensible reputation while operating within nuclear verdicts. ___ Are you looking to buy or sell a transportation business? We can help. Learn More
Section 363 bankruptcy sales, while often misunderstood, can be a valuable tool for businesses in distress. Navigating the legal and financial complexities of such sales can be daunting. In this episode of The Hot Seat, Spencer Tenney, CEO of Tenney Group, sits down with Tenney Group VP, Ashesh Pansuria for an in-depth discussion on Section 363 Bankruptcy Sales and if its applicable to your transportation business. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-hot-seat-tenney-group/message
Spencer Tenney - President and CEO - The Tenney Group - Nashville, TN Bill Priestley - Producer - FreightWaves NOW
The transportation business is infamous for its slim profit margins. Does it have to be this way? Is there any hope for improvement? Today we're joined by Chris Henry (COO) and David Roush (President) of KSM Transport Advisors. In this episode, Spencer Tenney asks the guys to unpack the 12 traits of highly profitable trucking companies. After listening to this interview, you will have 12 solid strategies for increasing your profit margins in 2023. ___ Are you looking to buy or sell a transportation business? We can help. Learn More
Are freight tech-forward companies like Uber actually going to disrupt the transportation industry or has the hype finally cooled? In this episode of The Hot Seat, Spencer Tenney is joined by Stefan Simonetti, Partner at Kearney. They discuss where we are with digital trends in the transportation space, what venture capital is doing with freight tech in this economy, and how ultimately the transportation businesses with the cleanest data will be the ones that win. ___ Are you looking to buy or sell a transportation business? We can help. Learn More
What does life look like after you sell your business? Bob Kellner and his partner worked with Tenney Group to sell their business, American PetroLog, a few years ago. In this interview, Spencer Tenney and Bob discuss what that sales process was like and how Bob found his identity again after selling. ___ Are you looking to buy or sell a transportation business? We can help. Learn More
What if there was a completely unique way to create leads for your transportation business? Paul-Bernard Jaroslawski started making memes on the internet a few years ago and now he's got the next big thing in freight media. In this interview, Spencer Tenney and Paul discuss how FreightCaviar started, what is different between millennials and older generations, and how he's using his media company to create leads for his new business, ShipperCRM. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-hot-seat-tenney-group/message
#trucknhustle #podcast #dumptruck GET EARLY BIRD TICKETS FOR FREIGHT FEST 2023!!: http://FreightFest.com FOR MERCH: http://www.trucknhustle.store FOR EXCLUSIVE CONTENT & MORE VISIT: https://www.trucknhustle.com/ __________ Our host Rahmel Wattley sits down on location in Louisville, KY during MATS week with Spencer Tenney the President and CEO of The Tenney Group, a Mergers & Acquisitions company specializing in transportation & logistics, responsible for billions of dollars in deals. The Tenney Group prides itself on being able to be all-in on work worth doing. To serve the people that move America is a privilege that the team doesn't take lightly. The realization is that relationships will always outlast transactions, and each person in Tenney Group is dedicated to maximizing every relationship with industry professionals. CONNECT WITH SPENCER TENNEY Website: https://www.thetenneygroup.com/ YouTube: https://www.youtube.com/@tenneygroup Instagram: https://www.instagram.com/tenneygroup LinkedIn: https://www.linkedin.com/in/spencertenney/ SPECIAL THANKS TO OUR SPONSORS!!: OTR SOLUTIONS https://otrsolutions.com/trucknhustle/ CALL (470)900-3338 GTT COMMERCIAL TIRES https://gttfun.gttcommercial.tires/truck-n-hustle-discount CALL 1(800)991-6251 FLEETDRIVE 360 Compliance Made Easy https://www.fleetdrive360.com/truck-n-hustle-fleetdrive-360-demo/ ROLL BY ADP Payroll Made Easy https://rollbyadp.com/trucknhustle __________ MENTIONED ON TRUCK N' HUSTLE PODCAST: DAT POWER - The Industry's Most Advanced Load Board http://www.dat.com/power/0001922618 DAT TRUCKERS EDGE http://www.truckersedge.com/0001922618 DAT EXPRESS http://www.dat.com/express/0001922618 __________ THIS PODCAST WAS PRODUCED, RECORDED, SHOT & EDITED by Kweku KingNabi for Truck N' Hustle Media HERE IS WHAT WE USE: Blackmagic Design Pocket Cinema Camera 6K Pro: https://amzn.to/3BwRUYm Rode RODECaster Pro Podcast Production Studio: https://amzn.to/3Bw3cvW Electro-Voice RE320 DYNAMIC MICROPHONE: https://amzn.to/3BuhmxD Sigma 18-35mm F1.8 Art DC HSM Lens for Canon, Black: https://amzn.to/3FMqvUE Godox SL-60W CRI 95+ LED Video Light SL60W White 5600K Version: https://amzn.to/3HqXRtE __________ JOIN THE HUSTLE FAM ON SOCIAL MEDIA: Instagram: http://instagram.com/trucknhustle/ TikTok: https://www.tiktok.com/@trucknhustle Facebook: https://www.facebook.com/trucknhustle Linkedin: https://www.linkedin.com/company/tnhmedia/ Discord: https://discord.gg/g8kzDNu7 Twitter: https://twitter.com/TruckNHustle Patreon: https://www.patreon.com/Trucknhustle Listen to the TRUCK N' HUSTLE PODCAST: iTunes: https://podcasts.apple.com/us/podcast/truck-n-hustle-1-trucking-podcast Spotify: https://open.spotify.com/show/55GP6pfA0RlmtEgNH70d5K _________ NOTE: This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. While this channel may earn minimal sums when the viewer uses the links, the viewer is in NO WAY obligated to use these links. Thank you for your support!
In this engaging episode, we sit down with Spencer Tenney, President and CEO of the Tenney Group—a respected merger acquisition advisory firm dedicated to the transportation industry for over 50 years. Join us as Spencer shares his wealth of knowledge on selling trucking companies. With a rich family legacy spanning three generations in the transportation sector, Spencer brings a unique perspective and expertise to the table. Discover how his visionary leadership guides the Tenney Group. Aside from his professional accomplishments, Spencer's personal interests include writing country music, immersing himself in presidential biographies, and actively engaging in the F3 community. Moreover, he serves on the board of Franktown Open Hearts, a faith-based organization empowering inner-city children to overcome generational poverty. Don't miss this insightful episode, where Spencer Tenney provides invaluable insights into selling trucking companies within the transportation industry. Gain practical guidance and be inspired by his leadership principles and dedication to personal and community growth. Contact Information: Email: stenney@thetenneygroup.com Phone: 877.642.8033 ext. 1004 Direct: 615.224.8284 LinkedIn: /www.linkedin.com/company/the-tenney-group/ Website: TheTenneyGroup.com Please be sure to visit the website and LinkedIn profile for the most up-to-date information on Spencer Tenney and the Tenney Group. ************ About the Show The How to Sell a Business Podcast combines nearly 31 years of valuation and exit planning expertise working with business owners. Ed Mysogland has a mission and vision to help business owners understand the value of their business and make it a salable asset. Most of the small business owner's net worth is locked in the company, and to unlock it, a business owner has to sell it. Unfortunately, the odds are against business owners that they won't be able to sell their companies because they don't know what creates a saleable asset. Ed interviews experts who help business owners prepare, build, preserve, and one-day transfer value with the sale of the business. ************ For past guests, please visit https://www.howtosellabusinesspocast.com/ Follow Ed: Connect on LinkedIn: https://www.linkedin.com/in/edmysogland/ Twitter: twitter.com/edmyso Instagram: instagram.com/howtosellabusinesspodcast Facebook: facebook.com/howtosellabusinesspodcast
Spencer Tenney, the President and CEO of the Tenney Group drops by the show to discuss how M&A is pure sales in action. We talk about the deals so far in 2023, and what we can expect for the second half of the year.Follow the Put That Coffee Down PodcastOther FreightWaves Shows
Spencer Tenney, the President and CEO of the Tenney Group drops by the show to discuss how M&A is pure sales in action. We talk about the deals so far in 2023, and what we can expect for the second half of the year. Follow the Put That Coffee Down Podcast Other FreightWaves Shows
The world of mergers and acquisitions (M&A) can be incredibly complex, especially for smaller carriers. Spencer Tenney, President and CEO of the Tenney Group, gives some insights into the current trends and developments in the M&A space, as well as key factors that potential buyers look for when considering an acquisition of a small carrier. Spencer is joined by FreightWaves Freight Broker/3PL Expert Mary O'Connell. Follow FreightWaves PodcastsJoin the Small Fleet & Owner Operator Summit
The world of mergers and acquisitions (M&A) can be incredibly complex, especially for smaller carriers. Spencer Tenney, President and CEO of the Tenney Group, gives some insights into the current trends and developments in the M&A space, as well as key factors that potential buyers look for when considering an acquisition of a small carrier. Spencer is joined by FreightWaves Freight Broker/3PL Expert Mary O'Connell. Follow FreightWaves Podcasts Join the Small Fleet & Owner Operator Summit Learn more about your ad choices. Visit megaphone.fm/adchoices
The tips shared in this interview will help you grow your transportation business in 2023. Ed Burns is the CEO of Burns Logistics, a company focused on connecting shippers and carriers so that everyone succeeds. In this interview, Spencer Tenney and Ed discuss the skills modern-day transportation sales professionals need to thrive, how to handle selling in a down market, and the most important factor in any transaction. ___ Are you looking to buy or sell a transportation business? We can help. Learn More
Greg Reed the Executive Director of the National Star Route Mail Contractors Association (NSRMCA) joins Spencer Tenney on The Hot Seat to discuss how contracting with the U.S. Postal Service differs from other verticals in the transportation industry and what the future of this space looks like. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-hot-seat-tenney-group/message
In this episode of The Hot Seat, Tenney Group CEO, Spencer Tenney, is joined by Chris Smith. He is the VP of the Specialized Carriers & Rigging Association. He talks about the best and worst parts of moving unique freight, the regulatory challenges they are facing, and where the association is focusing next for its members. ___ Are you looking to buy or sell a transportation business? Reach out to us online and begin the conversation. Reach out
In this episode of The Hot Seat, Spencer Tenney is joined by What the Truck podcast host and all-around freight entertainment mogul, Tim Dooner. The guys discuss Tim's powerful story, why he's so passionate about entertainment within the transportation and logistics space, and what's next for him and his team at Freightwaves. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-hot-seat-tenney-group/message
Even with so much uncertainty in our current economy, there's still a consistent appetite for mergers and acquisitions in our field. Spencer Tenney has dedicated his career to helping business owners succeed in the rapidly evolving world of trucking. He's the President and CEO of the Tenney Group, a firm that specializes in M&A in the transportation industry. His hands-on experience and deep understanding of the field have made him a trusted advisor to transportation professionals in their pursuit of success. Tune in to learn about: [8:38] How to vet the companies that you're interested in working for [15:08] The current trends in the trucking industry and where things are headed [21:07] Mergers and Acquisitions in today's economic climate Resources The Tenney Group website Connect with Spencer on LinkedIn Connect with Tenney Group on LinkedIn In the Hot Seat | The Business of Transportation
In this episode of The Hot Seat, Spencer Tenney is joined by Jason Burns, the President of the Customized Logistics and Delivery Association (CLDA). Jason discusses the top three issues the CLDA is focused on in 2023. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-hot-seat-tenney-group/message
Is truck driver retention a problem in your organization? Then this episode of The Hot Seat is for you. In this episode, Spencer Tenney is joined by David Hollis, an editor at Truckers News. They dive into a recent survey of truck drivers in America and discuss the top issues on truckers' minds. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-hot-seat-tenney-group/message
In this episode of The Hot Seat, Spencer Tenney is joined by John Blair. He is the President of the Motor Transport Association of Connecticut. John is joining us today to speak about the Highway Use Tax that was recently implemented in his home state of Connecticut. He fills us in on the origin of the Highway Use Tax, the potential problems with it, and what possible long-term effects will be. ___ Are you looking to buy or sell a transportation business? Reach out to us online and begin the conversation. https://bit.ly/413L4nz --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-hot-seat-tenney-group/message
Rahmel Wattley is a transportation and logistics industry veteran with a passion for sharing the stories inside the industry. A few years back Rahmel launched @trucknhustle and now they are growing fast. In this episode of The Hot Seat, Spencer Tenney interviews Rahmel to hear his story and where Truck n' Hustle is headed in the future. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-hot-seat-tenney-group/message
In this episode of The Hot Seat, Spencer Tenney is joined by Donna England, President and CEO of the Tennessee Trucking Association. They discuss the top issues facing the trucking and logistics industry in TN and what the association is focusing on in 2023. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-hot-seat-tenney-group/message
You've read his articles on Transport Topics and now you can see the man live. In this episode of The Hot Seat, Spencer Tenney speaks with Connor Wolf, staff reporter at Transport Topics. They discuss changes in the trucking industry, what Connor sees as he researches the industry, and his favorite reports from the year. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-hot-seat-tenney-group/message
Ascend has been active in the M&A space over the last 24 months. In this episode of The Hot Seat, Spencer Tenney is joined by their CEO, Michael McLary. They discuss Ascend's acquisitions in 2022, where they're headed in 2023, and what they do differently as an acquirer that others may not. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-hot-seat-tenney-group/message
In this episode of The Hot Seat, Spencer Tenney interviews the President & CEO of the Alabama Trucking Association, Mark Colson. We dive deep into the top issues facing the transportation and logistics industry in Alabama in 2023 and what Mark and his team are doing about it. ___ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals.
In this episode of The Hot Seat, Spencer Tenney interviews Jared Weisfeld, the Chief Strategy Officer at RXO. They discuss what led XPO to spin off RXO, how they are building resiliency in an uncertain market, and where they see the final mile space going in 2023. --- Send in a voice message: https://podcasters.spotify.com/pod/show/the-hot-seat-tenney-group/message
Greg Feary, President and Managing Partner of Scopelitis, joins Spencer Tenney on The Hot Seat again to discuss the latest on AB5 in California, the U.S. Dept. of Labor recent announcement, the potential impact on contract drivers, and advice for owners looking to navigate the next 12 months. ___ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ Connect with us on LinkedIn
The plunge in sports rates this year didn't put the brakes on M&A activity. Spencer Tenney from The Tenney Group explains how larger players are rethinking their acquisition strategies. He is joined by Kevin Hill, Managing Director at OTR Advisors. Love's Truck Care & Speedco is the nation's largest preventative maintenance network over the road. With more than 1,500 maintenance bays offering light mechanical services and DOT inspections, we've invested in our locations and staff to get your drivers back on the road quickly and safely. Visit loves.com to learn more.Follow FreightWaves on Apple PodcastsFollow FreightWaves on SpotifyMore FreightWaves Podcasts
Demarco Thomas is a self described gambler who bets on global talent. In this episode of The Hot Seat, Spencer Tenney and Demarco discuss how he discovered outsourcing, who should and shouldn't outsource, the top three business processes you may want to outsource, and what the hesitations are to tapping into the global talent pool. ___ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ Connect with us on LinkedIn
The plunge in sports rates this year didn't put the brakes on M&A activity. Spencer Tenney from The Tenney Group explains how larger players are rethinking their acquisition strategies. He is joined by Kevin Hill, Managing Director at OTR Advisors.Follow FreightWaves on Apple PodcastsFollow FreightWaves on SpotifyMore FreightWaves Podcasts
We are coming up on the end of another wild year in logistics. The holidays are a wonderful time with friends and family. So, while you're reflecting on this past year and looking forward to the year ahead, we wanted to bring you a little bit of a different episode. This week Spencer Tenney is interviewing Brad Formsma, the founder of I Like Giving. Brad started I Like Giving to inspire the world to live generously. So far they've helped over 100 million people and if you ask them they are just getting started. Check out this episode as the guys discuss the seven ways to live generously, what it means to live generously while you run a business, and what possibilities exist after you sell your business. --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
There are plenty of issues facing the transportation and logistics industry. The question is which issues matter most to the men and women who work in the space. On this week's episode of The Hot Seat, Spencer Tenney dives into the top ten issues facing the trucking industry with Rebecca Brewster. She is the President & COO of American Transportation Research Institute (ATRI), Rebecca Brewster. ___ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ Connect with us on LinkedIn
In this week's Hot Seat Podcast, Spencer Tenney is joined by the founder and host of Let's Talk Supply Chain, Sarah Barnes-Humphrey. They speak about what people on the outside misunderstand about the supply chain, the key issues facing the supply chain today, and the importance of diversifying the people who work in the transportation and logistics space. ___ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ Connect with us on LinkedIn
The days of pricing freight with a “gut” feeling are gone. Dawn Salvucci-Favier and her team at greenscreens.ai have introduced a product that will change the future of predictive freight pricing. With a projected 500% YoY growth rate it's obvious that the market is catching on. Join Dawn and Spencer Tenney on this week's episode of The Hot Seat. __ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ Connect with us on LinkedIn
The transportation and logistics industry is more cyclical than any other industry on the planet. The need for more drivers isn't. In this episode of The Hot Seat, Spencer Tenney interviews Bryon Wiebold of Tenstreet. They discuss the best practices of driver management, the issues with hiring drivers right now, myths about what works and what doesn't in recruiting, and what makes certain companies so great at driver management and others so poor. __ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ Connect with us on LinkedIn
At the end of 2021, Wilson Logistics announced the sale of its Western Division to Ashley Pacific Northwest, LLC, an affiliate of Ashley Distribution Services, Ltd. Darrel Wilson joins Spencer Tenney on this episode of The Hot Seat podcast to discuss the deal, why he decided this was the right time, and advice he has for anyone considering M&A in the future. __ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ Connect with us on LinkedIn https://www.linkedin.com/company/the-tenney-group --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
Did you know that 85% of truck drivers are overweight? In fact, they are 2x more likely to be obese than the average population. The backbone of our industry is the driver, and we must find a way to start putting their health first. Dr. Mark Manera, Founder and CEO of Supply Chain Fitness, may have found a significant first step. In this episode of The Hot Seat, Spencer Tenney interviews Dr. Mark and asks him where all of these health problems come from, what we can do to solve them, and how transportation companies can benefit from integrating fitness into their driver's routines. __ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ Connect with us on LinkedIn
California and the transportation industry have a long and complicated history. AB5 is making it even more complicated. In this episode of the Hot Seat, Spencer Tenney is joined by Paul Mello, a partner with the California-based law firm Hanson Bridgett. We cover how we got here, recent court cases and what operators in California should be thinking about going forward. __ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ Connect with us on LinkedIn
We've all seen dozens of headlines in recent months about the recession's potential impact on the global supply chain. Customers are starting to change their behaviors and big retailers are beginning to put a squeeze on their suppliers. Can technology be used to more easily manage an ever-changing supply chain? In this episode of the Hot Seat, Spencer Tenney is joined by VP at ARC Advisory Group, Steve Banker. Steve is one of the best-known industry analysts covering Supply Chain Management and a frequent speaker at industry events. He is a co-author of Logistics Viewpoints and a Forbes.com contributor. __ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ Connect with us on LinkedIn
In this episode of the Hot Seat, Spencer Tenney is joined by President and CEO of CrownSource, Todd Koca. Facing record inflation and a possible recession, transportation and logistics leaders are looking to their P&Ls and considering ways to save on costs. CrownSource's procurement technology could be just the fix they are looking for. __ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ Connect with us on LinkedIn
In this episode of the Hot Seat, Spencer Tenney interviews former client, Jeff Gunnin. Jeff was one of the founders of C2 Freight Resources in Houston, AL. He walks us through why he chose to exit his business, what surprised him about this process and what advice he would give someone that was looking to sell their business in the next five years. Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ Connect with us on LinkedIn
We have all seen the headlines. Recession this… Inflation that… It's real and the data says that its here. In this episode of The Hot Seat, Spencer Tenney sits down with AVP of Marsh, Brady Albers. They discuss how inflation is affecting the transportation insurance market and what carriers can do to mitigate their risks. ___ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
In this episode of The Hot Seat, Spencer Tenney sits down with SVP of Cottingham & Butler, Chris Vogel. We'll be speaking at the Cottingham & Butler Transportation Summit this week! Chris and Spencer talk about this amazing event and then they get into all things transportation insurance. Who's winning right now? What can transportation companies do to mitigate their risks during a recession? Who's at risk? All of that and more in this episode of The Hot Seat! Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
In this episode of The Hot Seat, Spencer Tenney sits down with co-founder of Standard Freight, Jay Maxwell. Jay and his partner enlisted the services of Tenney Group to sell their brokerage a few years back and now he's here to discuss the process, what he learned and what he hopes others considering a sale think about before they enter into the process. ___ Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
This week on The Hot Seat, Spencer Tenney is joined by KSM Transport Advisor's President David Roush and COO of Canada Chris Henry. Spencer, David and Chris go over the role that operational due diligence plays in M&A, knowing when to kill a deal, and the data that is most important to any successful deal. Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
In this episode of The Hot Seat, Spencer Tenney is joined by Ryan Erickson. Ryan is an EVP at McGriff. They specialize in business and personal insurance, employee benefit solutions, risk management services, specialized industry expertise and more. Insurance is a wide field with many options when it comes to protecting your transportation business. In this episode, Ryan and Spencer discuss the Captive Insurance Program. What is it? Who should use it? What are the misconceptions? And how do you know you've selected the right captive insurance group? Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
In this episode of The Hot Seat, Spencer Tenney sits down with Thom Albrecht of Reliance Partners Insurance to discuss whether or not the transportation and logistics industry is heading into a recession. What are the metrics Thom and other experts are looking at? Will housing affect the freight market? What is GSTPI and why does it matter? Given the data that Thom has, what is his recommendation for business owners looking to navigate the coming months. All of that and more in this week's episode of The Hot Seat. Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
In this episode of The Hot Seat, Spencer Tenney sits down with the founder of recently acquired American PetroLog, Jeff Colonna. Jeff founded the company in a niche space within the transportation business seven years ago and since then business has boomed! So, why would Jeff choose to sell now? We talk about why now was the right time to sell, how American PetroLog was founded, what he learned from selling his company, why he choose the Tenney Group to represent him and more. Looking to acquire another transportation business? Join our private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
A lot of transportation business owners come from a similar background. The owner started with one or two trucks. Over time they picked up more and more business until one day they looked up and couldn't believe what they were running. The business started out simple enough but through various business needs the business has expanded into multiple verticals. But did you ever stop to think about which of those verticals may actually be a ticking time bomb? In this episode of The Hot Seat, Spencer Tenney sits down with Joe Harraka and Anthony Vizzoni to discuss how to protect your business from itself. Looking to acquire another transportation business? Join our private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
In this episode of The Hot Seat w. The Tenney Group, Spencer Tenney sits down with Matthew Wiener, a managing director at Aon. The big topic today is around representations and warranties insurance in transportation mergers and acquisitions. What is it? What are the current trends around reps and warranties insurance? What should someone looking to sell or purchase a transportation company in the next 18 months begin doing now to ensure a smooth process. Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
In this episode of The Hot Seat w. Spencer Tenney, we hear from the founder and CEO of DriverReach, Jeremy Reymer. Jeremy has been dedicated to the trucking industry since 2003 and founded DriverReach in 2015. Spencer and Jeremy discuss the hottest topic in all of trucking business operations - the driver shortage. Do we actually have one? Do drivers (or lack thereof) affect the value of your business? Does culture play a role in recruiting and retention? All of that and more in this episode of The Hot Seat! Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
In this episode of The Hot Seat, Spencer Tenney sits down with Scott Barron. He is a Senior Client Strategist at BNY Mellon Wealth Management. Scott and Spencer discuss the three things every transportation owner should do before they begin the process of selling their business. Then they discuss the trends we're seeing around wealth planning, how business owners can maintain their lifestyles after a business sale and how it's possible to become your own bank after you sell your business. Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
Frank Iannelli is the Managing Director of Whitley Penn, a full-service public accounting firm. In this episode of The Hot Seat, Spencer Tenney and Frank discuss the Employee Retention Tax Credit. They break down what the ERC is and isn't. Frank lets us know the results he's seeing for transportation owners that are choosing to file for the ERC. And he runs us through the overall timetable a business owner can expect while waiting on this process to run its course. Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
Have you noticed that the price of used equipment in the transportation industry is skyrocketing? We have. That is why on this episode of The Hot Seat, Spencer Tenney sits down with Andy Vering,. He is the Director of Appraisal Services at Taylor and Martin, Inc. Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
Paul Marston was the CEO of Abenaqui Carriers. The company was started by Paul's parents and he took over as CEO in 2001. A little over a year ago, Paul and the family decided to start exploring a sale of their business. Eventually, they found the right buyer in Roberts Energy / Brown Bear Transportation. This deal ended up creating one of the largest fuel haulers in the New England area. In this episode of The Hot Seat, Spencer Tenney, CEO of the Tenney Group, sits down with Paul to discuss the sale. What factors led the family to consider selling? Why did they choose to work with a 3rd party M&A firm like Tenney Group to facilitate the sale? What did Paul learn through this process that future sellers could benefit from? All of that and more on this week's Hot Seat! Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
Tenney Group was founded almost 50 years ago by Charles Tenney. He had the vision to help transportation companies in America build the best businesses possible and leave a legacy for their families. After decades in the business, Charles began to think about the next chapter for the Tenney Group. Should he sell to a third party? Should he sell to an employee? Should he sell to his children? Eventually, through many conversations, Spencer Tenney,CBI CMAA (Charles' son) decided that he wanted to purchase the business and see where he could take it. In this webinar, co-hosted with Intermodal Association of North America (IANA), Chandler Lyles interviews Charles and Spencer to discuss the process they followed to successfully transition the family business from one generation to the next. Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
This week's Hot Seat interview with Spencer Tenney features a conversation with Todd Reiser. He is a Senior Vice President at Lockton Companies. With over 20 years in the business, you don't want to miss Todd's thoughts on the current trends in insurance for the transportation industry. Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
Doug Grawe from The Grawe Group joins Spencer Tenney to discuss independent contractor programs, safety and handling driver retention in the transportation industry. Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
Cummins Inc. (NYSE: CMI) and Meritor, Inc. (NYSE: MTOR) have announced a deal where Cummins will pay $36.50 in cash per Meritor share. This brings the total deal value to approximately $3.7 billion. This is a major acquisition in the transportation industry. Spencer Tenney spoke with FreightWaves TV's Anthony Smith and Tony Mulvey about this acquisition and what it means for the transportation industry going forward. --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
In this episode, Spencer Tenney interviews Matt Rhoads, the former owner of Central Pennsylvania Transportation. Last year, Matt worked with the Tenney Group to sell his family trucking company, Central Pennsylvania Transportation. We talk about what made Matt consider selling, what surprised him about the process of selling a transportation company, and advice for someone else considering sales. Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
Matt Valentine, Territory Account Manager with Cowbell Cyber joins Spencer Tenney to discuss the importance of mitigating your cyber risks. As technology evolves, the way you protect yourself against cyber threats needs to evolve. Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
Shepard Dunn, Program Manager of the Trucking Profitability Program joins Spencer Tenney to talk best practice groups and other relevant industry information. Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
In the premiere episode of "In the Hot Seat", Spencer Tenney talks with Stay Metrics co-founder, Tim Hindes, about driver retention Looking to acquire another transportation business? Join Tenney Group's private Buyer Network where we take the time to learn about your specific business goals and only bring you possible deals that fit those goals. https://www.thetenneygroup.com/buying-a-business/ Interested in selling your transportation business? Click the link below to see our process and find out if we can help you achieve your business goals. https://www.thetenneygroup.com/our-process/ --- Send in a voice message: https://anchor.fm/the-hot-seat-tenney-group/message
Spencer Tenney heads the Tenney Group, one of the leading companies set up to help both buyers and sellers navitage the world of mergers and acquisitions in the supply chain. He's got a ringside seat to the dances that buyers and sellers perform when moving assets, and he joins Drilling Deep host John Kingston to share his perspectives on how those dances are going.Also on the podcast, Kingston talks about the super-tight East Coast market and why there may be a few signs that the worst could be over.With more than 60 years of experience in logistics innovation, Dunavant is a family-owned business that has the knowledge to ensure global and domestic shipping practices are efficient and effective. Dunavant generates supply chain proficiency with outstanding, attentive, and expedient customer service. For more information, visit Dunavant.com.Follow Drilling Deep on Apple PodcastsFollow Drilling Deep on SpotifyMore FreightWaves Podcasts
Spencer Tenney heads the Tenney Group, one of the leading companies set up to help both buyers and sellers navitage the world of mergers and acquisitions in the supply chain. He's got a ringside seat to the dances that buyers and sellers perform when moving assets, and he joins Drilling Deep host John Kingston to share his perspectives on how those dances are going.Also on the podcast, Kingston talks about the super-tight East Coast market and why there may be a few signs that the worst could be over.Follow Drilling Deep on Apple PodcastsFollow Drilling Deep on SpotifyMore FreightWaves Podcasts
Spencer Tenney is President and CEO of the Tenney Group, an industry specialized merger and acquisition advisory firm that has been dedicated to transportation since 1973. Tenney Group's core business is sell-side representation services for trucking and logistics companies with annual revenues ranging from 20M to 300M. In this episode, host Nick Hancock interviews Spencer to discuss the unprecedented amount of M&A activity in the transportation industry right now, as well as Spencer's industry insight for 2022 and beyond. If you're listening and you're interested in learning more about mergers and acquisitions in transportation, contact Spencer at www.thetenneygroup.com The Gig Academy host Nick Hancock, Openforce Gig Academy Podcast Host and Customer Success Manager of Key Accounts Nick monitors all areas that pertain to and affect the gig economy and IC model to best advise and meet the needs of Openforce's clientele. Prior to working at Openforce, Nick worked in the dental manufacturing industry and has a background in insurance as a producer. Nick has a Bachelor's degree in Interdisciplinary Studies of Humanities from Northern Arizona University. He and his wife are expecting their firstborn daughter in October 2021. About this episode's guest Spencer Tenney, President & CEO of the Tenney Group Spencer Tenney is President and CEO of the Tenney Group, an industry specialized merger and acquisition advisory firm that has been dedicated to transportation since 1973. Tenney Group's core business is sell-side representation services for trucking and logistics companies with annual revenues ranging from 20M to 300M. Spencer graduated from the University of Texas and currently serves as Vice-Chair of the American Trucking Association's M&A Task Force. On a personal note, Spencer, his wife Lauren and their three kids reside in Franklin, TN. He enjoys songwriting, fitness, reading presidential biographies, and serving Franktown Open Hearts – a faith based non-profit dedicated to inspiring and empowering inner-city youth. About the Tenney Group An industry specialized merger & acquisition advisory firm in business since 1973, Tenney Group has been dedicated to the Transportation and Logistics industry since its inception. Offering an array of services, including sell-side advisory, buy-side advisory and valuation services, the firm is dedicated to maximizing their clients' outcome. The team prides itself on being able to be all-in on work worth doing. To serve the people that move America is a privilege the team doesn't take lightly. The realization is that relationships will always outlast transactions, and each person in the Tenney Group is dedicated to maximizing every relationship with industry professionals. The team is comprised of a number of individuals who bring unique backgrounds and experiences to the forefront. When joined together, the team is able to provide vast talent and skillsets to serve the firm's clients at the highest level.
Spencer Tenney and the Tenny Group Story Ryan Schreiber hosts a podcast about Spencer Tenney and the Tenney Group. Spencer is the CEO of a firm that advises business owners in the 3PL, trucking, and bus industry on mergers and acquisitions. About Spencer Tenney Spencer Tenney serves as President & CEO of Tenney Group, where he oversees the firm's day-to-day effectiveness and long-term vision. Spencer is a graduate of the University of Texas at Austin and holds the designation of Certified Merger & Acquisition Advisor through AM&AA. Prior to Tenney Group, Spencer worked as a Director at Merritt Hawkins, a healthcare recruiting firm in Dallas. He also owned a music publishing company. Spencer and his wife, Lauren, reside outside of Nashville in Franklin, Tennessee and have been married for 13 years. He has three amazing kids – 9,6, & 3. He enjoys writing country music, reading presidential biographies, and F3 (Fitness, Fellowship, Faith). He currently serves on the board of Franktown Open Hearts, a faith-based organization dedicated to equipping inner-city kids to free themselves from generational poverty. About Tenney Group Tenney Group are mergers and acquisitions advisors who work with business owners in the 3PL, trucking, and bus industry. These business owners are hardworking individuals or teams who have created and lead companies that are the backbone of America. Unfortunately, pitfalls unique to the transportation industry can threaten an owner's ability to sell their business for what they deserve or even threaten their ability to sell at all. Luckily, Tenney Group has developed an industry specialized process that enables business owners to navigate these pitfalls and maximize their ability to get a deal done. Ultimately, this allows owners to impact their family, employees, and community in profound ways while also giving them peace of mind that they made the best decision. The Tenney Group's unique expertise helps transportation business owners build and protect business value, grow through acquisitions, and optimize the sale of their businesses. The Tenney Group was established in 1973 and has completed over 200 transportation deals. Learn More About Spencer Tenney and the Tenny Group Story Spencer Tenney Tenney Group What's Driving the 3PL Industry Consolidation with Spencer Tenney The Logistics of Logistics Podcast If you enjoy the podcast, please leave a positive review, subscribe, and share it with your friends and colleagues. The Logistics of Logistics Podcast: Google, Apple, Castbox, Spotify, Stitcher, PlayerFM, Tunein, Podbean, Owltail, Libsyn, Overcast Check out The Logistics of Logistics on Youtube
Spencer joins Ryan to talk about leadership, learning failure at an older age, and living first hand a heist movie plot.
Charles Tenney founded Tenney Group in 1973, and even now at 73, is still passionate and active in ensuring that hardworking transportation business owners achieve the best possible transaction every day. When not managing deals, Charles speaks at events across America focused on educating business owners on how to increase the value of their companies, protect their wealth and prepare for their best possible exit at the appropriate time. Spencer Tenney serves as President & CEO of Tenney Group, where he oversees the firm's day-to-day effectiveness and long-term vision. He is a graduate of the University of Texas at Austin and holds the designation of Certified Merger & Acquisition Advisor through AM&AA. Spencer currently serves on the board of Franktown Open Hearts, a faith-based organization dedicated to equipping inner-city kids to free themselves from generational poverty. Today Charles shares some of the leadership experience and business acumen that he learned from his role as Sergeant in the U.S. Army and how that role helped him when it came to setting up Tenney Group. Spencer describes why he joined his father in the Tenney group as President and CEO, and how the pair navigated working together successfully and smoothly. He also shares the company's philosophy on serving their customers and their communities and why what they do transcends the financial aspects of the business. "Military training gave me discipline, gave me encouragement, gave me confidence, and founded me on leadership.” - Charles Tenney “I learned is that failing at that time was a necessary part of my development. And it didn't happen immediately. But I needed to fail to evolve into a better leader.” - Charles Tenney “The impact of the transaction has the ripple effect is tremendous, and so I think that's what lights us up as a team. That's where our passion comes from. Because we know that the impact is well beyond what happens at the closing table. It's generational, spiritual, it's community, it's everything.” - Spencer Tenney This Week on The Wow Factor: How looking back at the USA from the war in Korea gave Charles perspective on all the opportunities in his home country How Spencer's leadership skills were shaped at high school Why Spencer and his brother loved having a project to do with Charles and why Spencer ultimately decided to go and work at Tenney Group How Tenney Group helps transportation companies go to the next level Why having clear boundaries can help professional relationships Some of the moments when deals have gone off the rails and what the team did to problem solve Challenges Charles anticipates in the next few years Common traits of business owners in the trucking industry What the ‘Good News Report' is and how they use it at Tenney Group Spencer Tenney's Words of Wisdom: If you can align the passions and the people in the purpose, it is such a multiplying factor. It brings purpose and richness to life that is well beyond the work that you're doing. Connect with Tenney Group: Tenney Group Website Tenney Group on LinkedIn Tenney Group on Facebook Tenny Group on YouTube Connect with The WOW Factor: I Like Giving: The Transforming Power of a Generous Life by Brad Formsma Words of Wisdom Website Brad Formsma on LinkedIn Brad Formsma on Instagram Brad Formsma on Facebook Brad Formsma on Twitter
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