Dear Editor,I just read how the trucking industry is counting on the Bank of Canada to lower interest rates, so as to save their sorry butts from going bankrupt because of the declining value of the U...
I just read how the trucking industry is counting on the Bank of Canada to lower interest rates, so as to save their sorry butts from going bankrupt because of the declining value of the U.S. buck.
I have no sympathy for these greedy companies!
They were only too happy to pay us owner/operators in Canadian funds, while all the while they reaped the huge benefits of the strong American dollar for years.
We always got the same old answer “Oh, we don’t have that many accounts that pay in U.S. funds.” Well, if that’s the case, why are they whining about it now? As owner/operators the weak Canadian dollar has cost us huge amounts of money over the past years – in increased costs for fuel and meals in the U.S.
When I read how some companies are going to have to park some of their fleet because of the declining revenue, I have to smile.
And to think that these are the same companies that told us not to park our trucks during the recent fuel crunch.
But yet these companies would not give us a decent increase to cover our extra costs!
Well, what goes around comes around. Suck it up guys! We had to, and will have to again in the near future.
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News