INDUSTRY NEWS
Truck industry on edge over economic events
The industry is also about to enter what is traditionally a strong buying period as companies prepare for Christmas
Isuzu Trucks SA is going through a transition as it becomes Isuzu Motors SA with the recent announcement General Motors is disinvesting from SA.Chief operating officer Craig Uren says the company remains positive about the future but there is a need for caution."The economy is delicately balanced," he says, adding that there is "plenty of positive sentiment but we are poised and cannot take any more shocks".Uren says April, May and June were not good months for cash flow with many businesses failing to realise just how few business days there were in April. Some are still trying to recover, but this is compounded by the fact that many businesses are operating on a fine line."We kind of start living in the moment. A moment used to be a year or two years, but now a moment has become 30 days."In the transport and logistics industry, he says, there is little room for any more cost cutting. The cost per package or item has been cut as much as possible. In a warning to the industry, he sa...
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