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TRUCKING INDUSTRY * USA - One-Fourth of Carriers Looking at Leaving The Industry
More Truckload Owners Looking to Sell
New York,NY,USA -TruckingInfo -17 March 2010: -- Despite the fact that carriers are confident about the year ahead, one in four are considering exiting the industry over the next 18 months, according to Transport Capital Partners' (TCP) recent Business Expectations Survey... TCP uses the quarterly survey to collect the insights and opinions of executives nationwide in order to report on the current state of the industry and future expectations... Both Batts and Mikes say the industry is ripe for a flurry of acquisitions in the next 18 months... "In general, more carriers are interested in buying (37 percent) compared to selling (28 percent), led by larger carriers with a 2-to-1 margin over smaller carriers," Mikes said. He added that this may be reflective of public carriers with larger cash positions...Labels: trucking industry nerws USA
posted by Unknown @ 7:53 AM
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