Slightly more than a quarter of the carriers 27.2 percent expressed an interest in selling their company within the next 18 months. We believe the carriers who are considering leaving the market are waiting for used truck prices and bottom lines to improve, said TCP.
The good news for those carriers is that 35.9 percent of those surveyed said they would be interested in buying a company within the next 18 months.
This sure looks like the rich are about to get richer. I work for a huge food company that already owns about 80% of the market share. We are cutting prices and increasing volume this year to muscle out the smaller competitors that are really feeling the credit crunch.
I imagine the huge trucking companies that have enough capital are planning the same kind of predatory behavior this year.