Canada's transportation and logistics (T&L) industry is very much integrated with the ebb and flow of the global economy. During the prosperous middle years of this decade, the sector found itself struggling with high fuel costs and a strong Canadian dollar. Fuel costs have since stabilized and the Canadian dollar has weakened; however, now that a worldwide recession has taken grip, T&L companies are facing a precipitous drop in customer demand as well as tight liquidity.
While customer risk management may be the biggest challenge facing the Canadian T&L sector, companies in this space face other issues as well. Supply chain concerns have become the norm in the wake of the economic crisis. Complying with the myriad taxes that impact this industry — from excise and duty taxes to fuel and air taxes — has never been easy. Border security is as stringent as ever for companies moving goods between Canada and the United States. This sector, more than many others, is also under close scrutiny for its environmental and emissions records, and is also in need of investments in technology and processes to remain competitive. Finally, there is a great deal of consolidation happening in the industry in the form of mergers and acquisitions.
How PwC can help
Our Transportation and Logistics practice has the industry knowledge and the depth of experience to help you deal with these and other issues impacting your business. We can offer services for the following T&L subsectors:
Our Canadian team can offer you a host of tax and advisory services to meet the ever-changing demands of your business. And should you have operations outside of the country, we have a wide Global network to address your concerns.
Contact us today to see how we can help we can help your T&L operations.