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OPINION * USA - The Crisis on Wall Street Also Hurts Truckers
Although many may not see the connection, wall street has a huge impact on the trucking industry
USA - Freight Factoring -September 16, 2008: -- As the meltdown continues with some of the nation’s oldest and most respected financial institutions, the overall credit crisis is placing a strangle hold on many truckers’ ability to obtain a loan for fleet expansion or operating capital. The macro economy generally affects the amount of freight being shipped and the rate paid to move the freight... In summary, the overall economy impacts fleet operators by limiting the availability of credit and impacting the number of loads available to haul. Trucking operators with good credit are no exception. The trucking industry will continue to be under immense pressure until consumer spending picks up and the construction industry sees a recovery...
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posted by Unknown @ 11:58 PM
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