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Home Economy

What Middle Market Trucking Companies are Saying About Access to Capital

According to a survey about capex intent for transportation equipment buyers involving more than 1,100 companies, 47% of respondents reported less available credit for capex from their revolver bank(s).

May 20, 2024
in Economy, Middle Market +, Transportation
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In a survey about capex intent for transportation equipment buyers involving more than 1,100 companies, one CFO said:

“Our bank group has different priorities than funding our capex needs and we really must protect our revolver relationship for working capital right now. I feel like it’s back to the old GE Capital days of using non-bank providers to keep our plans in motion.”
Ohio-based carrier
CFO

As part of the effort of its annual survey, which was conducted by Secured Research, they dug into the implications of credit tightening. Here’s what we found:

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