Trucking: Industry Update | Nov 2023
November 30, 2023
While the macroeconomic landscape is improving, the industrial machinery and equipment sector remains cautious due to lingering recession risks and high-interest rates. Manufacturers are prioritizing organic growth and cost initiatives amid the increasing adoption of advanced technologies like IoT, AI, and robotics, and shifting focus towards potential commoditization of machines.
The attached Industry Update looks at the headline transactions, Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margins, revenue growth, and more.
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