As used truck values soar, there’s hope that the Federal Reserve’s interest rate hikes will help to bring down costs.
On Wednesday, the short-term interest rate was increased by .50%, the biggest single hike in more than 20 years.
Corcentric Senior Vice President of supply management Rob Garcia sees growing interest rates as way to bring down asset costs, which have soared at a historic pace.
“That should help us correct a lot of this tremendous asset inflation,” Garcia said during an equipment and supply chain outlook panel at a recent Corcentric Fleet Maintenance Conference in Charlotte, N.C.
[Related: Freight market looks strong despite sagging spot rates]
