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Energy Bust Triggering Trucking Consolidation
2015-08-12 04:53:21| Trucking - Topix.net
Daseke's second acquisition in a little more than a month will make it the largest operator of its own flatbed equipment for the oil industry With oil prices at six-year lows, the downturn in energy markets is hitting trucking companies that carry petroleum products and production equipment. The energy bust has touched off a wave of consolidation among the trucking companies that haul equipment around the oil patch, where business is shrinking along with the tumbling price of crude.
Tags: energy
consolidation
bust
trucking
Category:Transportation and Logistics