News Formal

Canadian trucking industry facing leaner times as consumer demand drops

  • 📰 globebusiness
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Trucking HR Canada says declining demand prompted an employment decrease of more than 20,500 jobs in the first three months of this year compared with December 2022

The Canadian trucking industry faces a shaky market as cargo volumes and freight rates continue to fall compared with the soaring highs seen during the pandemic.

Mike Millian, president of the Private Motor Truck Council of Canada, says smaller fleets with fewer resources and contracts are especially prone to a downturn, which comes as consumers spend more on services and less on household items.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 31. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trucking industry facing leaner times as consumer demand dropsMONTREAL — The Canadian trucking industry faces a shaky market as cargo volumes and freight rates continue to fall compared with the soaring highs seen during the pandemic.
Source: SooToday - 🏆 8. / 85 Read more »