Policy makers at the Federal Reserve on Wednesday announced an increase in interest rates for the first time this year and only the second time since the depths of the Great Recession and there are expected to be at least some repercussions for trucking.
Within the context of fleet management, the concept of megatrends is used to identify economic and technological forces that can potentially alter our present-day industry in game-changing ways. Among the current megatrends that can potentially alter fleet as we know it are a higher interest rate environment, a higher taxation environment, leap-frogging technology, changing fleet demographics, and higher acquisition costs.
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