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 vulnerable because they lack the cash reserves or negotiating leverage of larger logistics companies.
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