Fleet Panel Says Banks Reward Struggling Carriers
Equipment financing was a popular topic during the recent Refrigerated Division meeting of the Truckload Carriers Association, held last week in Torrey Pines, Calif. The panel of senior managers at leading reefer fleets concluded, though, that financing is not the problem facing fleets today: It is the failure of lending institutions to foreclose on poorly performing fleets, to the detriment of the better carrier