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PROGNOSIS * Canada - Trucking industry failures expected
Winnipeg,MB,CAN -The Winnipeg Free Press, by Martin Cash -18 Feb 2010: -- Overcapacity in the trucking industry combined with low freight rates and on-going economic uncertainty are setting the stage for more bankruptcies in years to come, industry officials fear... At the two-day Future of Trucking Symposium in Winnipeg that started today, industry officials from across the country heard that even though the trucking industry has suffered, there is more pain to come... Banks are waiting for asset values to increase before loans are called. So even while the economy improves, the expectation is that there will be increasing numbers of failures in the trucking business... (Picture from winnipeginlandport: Winnipeg's Inland Port)
Labels: trucking markets prognosis
posted by Unknown @ 5:14 AM
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