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COMMENTS * USA - Wall Street meltdown hurts trucking, too
The upshot for trucking is it will take even longer to get relief from tight credit-- not to mention to see any rise in the rate of consumer and business spending significant enough to boost the economy
USA -Fleet Owner (subscription), by David Cullen -Sep 16, 2008: -- The turmoil roiling top investment banks is colossal enough to further tamp down the anemic U.S. economy... The Wall Street mess is so big it shoved Hurricane Ike right out of the headlines and it isn’t even over yet... But even if lower interest rates could be offered, that doesn’t mean loans would be, points out analyst Chris Brady, president of Commercial Motor Vehicle Consulting... Brady said the main direct concern from this for truck fleets is whether businesses with good credit will be able to borrow—which of course would impact both new and used truck sales...
posted by Unknown @ 8:28 AM
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