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Banking on a recovery

Published Monday, June 01, 2009

Recent revelations concerning the shortfall in funds that banks should have on hand to cover outstanding loans gives further worry that banks won't be lending to marginal customers anytime soon. Marginal customers are those with low profit margins and high capital investment requirements. It is widely accepted that trucking is, at best, a marginal industry. Reports of movement out of private carriage is evidence of the lack of capital available at reasonable costs. The purpose is to free up whatever funds are available for direct investment in core businesses and not the private fleet. While I do not ...

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