Warning entire industry critical for Australian economy on the brink of collapse

Warning entire industry critical for Australian economy on the brink of collapse

Australian trucking companies are at breaking point, with one in 12 forced to close over past months, a new report warns.The triply whammy of rising fuel and labour costs, stubbornly high interest rates and fierce competition has left many freight operators struggling to remain solvent, the research by CreditorWatch found.Smaller and family-run carriers, many of which serve critical industries on regional and interstate routes, are particularly…