Bailout's impact on trucking industry
Monday, October 6, 2008
What the bailout could mean to trucking (Fleet Owner)
According to trucking industry analysts, it is difficult to forecast exactly what impact the $700 billion financial-market bailout signed into law on Friday will have on credit availability and the trucking industry in general.
Passed by a 263 to 171 vote in the House of Representatives, the bill was signed into law by President Bush two hours later. There is hope that this measure will keep the financial crisis from getting worse, although there is disagreement on whether we’ve hit bottom yet.
“It’s not just the truckers and the fleets that will have trouble getting credit—it’s all businesses,” Eric Starks, president of FTR Associates, told FleetOwner. “Smaller guys will be hit the hardest because they will have so much trouble getting financing.”
posted by benmcclanahan @ 3:02 PM,
