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TRUCKING INDUSTRY NEWS * Canada
* Report: Rising costs to mute profits for transportation sector in 2011
Ottawa,ONT,CAN -Truck News -24 Nov 2011: -- Rising labour and operating costs will lower profits to less than $5 billion for the transportation and warehousing sector this year, according to the Canadian Industrial Profile's Autumn 2011 issue... The report is published by The Conference Board of Canada in association with the Business Development Bank of Canada (BDC). It provides a five-year (2011-2015) production, revenue, cost and profitability forecast for six industries each quarter... The report noted that while the industry as a whole has recovered from the recession, the rebound varies among the different modes of transport. The trucking, air transportation and rail segments have posted strong growth, and the pipeline transportation segment is forecast to record its first increase in output in five years. However, the ongoing economic weakness in the US is limiting demand for water transportation services...
Labels: trucking industry news CAN
posted by Unknown @ 4:45 PM
1 Comments:
In a way, because the cost of moving things from far-away places is beginning to trump the savings involved in using far-away, low-wage workers. Freight brokerage industry with their freight broker are making ways though to cut expenses.
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