McCoy slumps

Truck News

EDMONTON, Alta. – Slumping oilpatch and forestry industries and higher costs both seemed to contribute to McCoy Bros.’ $2-million loss in 1999.

The truck parts and service supplier collected $64.9 million in revenue, a drop from $67.8 million in 1998, when its net income was $1.6 million.

To add to the costs, McCoy bought a 67-per-cent stake in Renn Manufacturing, which makes aggregate trailers in Stettler, Alta.

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