- April 3, 2020
- Posted by: Mary Vanden Avond
- Category: Creative Business Services Posts, Mike Van
We at Creative Business Services / CBS-Global are committed to doing our part to limit the spread of the Covid-19 virus and remain dedicated to delivering quality service to our transportation clients. While these are anything but normal times, we want to assure you it’s business as usual here at CBS-Global despite the volatility in the Mergers & Acquisition markets and the uncertainties surrounding the virus.
Our M&A team of professionals continues to prepare SELLER clients to list their transportation business, obtain bids for these transportation businesses, negotiate LOIs (Letters of Intent) and structure deals for the sale of transportation businesses. Rest assured, CBS-Global BUYER clients continue to demonstrate interest and seek stable, well run organizations with long-term growth opportunities within the Transportation industry.
Like us at CBS-Global, you are focusing on running your transportation business, assessing and managing immediate and long-term risks. Your priority, like ours, is keeping customers, employees, families and friends safe while adapting to the new normal.
CBS-Global has been in business since 1979, rode out the economic crisis of 9/11 and safely endured the downturn of 2008-2009. It is important to remember transportation businesses continue to change hands in any market cycle. While no one knows what the future holds, the CBS-Global team of Transportation Experts is prepared to help you make the best decisions for you and your transportation company’s future.
Your truck drivers are tirelessly moving essential supplies throughout the nation. The entire trucking industry hauls more than 10 billion tons of freight annually, more than two thirds of the total freight tonnage moved nationally, according to the American Trucking Association.
As shoppers continue to empty shelves of numerous products, drivers are preparing to spend hours on the highway to replenish inventories. Across the United States, the nation’s 3.5 million professional truckers are working flat-out to keep stores and businesses stocked with inventory.
Federal officials have relaxed some rules about the hours truckers can work to help address the urgent need to move food and supplies. Guidelines for drivers as written by Freight Waves Research include Maintain personal distance, Remain in the truck during loading and unloading, Not share pens for signature, Wear gloves when exchanging paperwork, and Use fuel cards to purchase disinfectants. Also high on the list of drivers’ concerns that are being addressed include Rest areas closed, Truck stop service unavailable, Crowds at truck stops, and Showers being closed at truck stops.
Together, as a community and a nation, we will overcome this current health crisis. Together we will accomplish the economic rebound and recovery we are and will face.