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.
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.
While customer risk management may be the biggest challenge facing the Canadian T&L sector, companies in this space face other issues as well. We discuss a number of these on our Global T&L website, including:
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.