Lloydminster – Much of the Saskatchewan oilpatch has held off on capital purchases since the oil downturn hit at the end of 2014, and there’s a pending need to recapitalize their iron. However, on the trucking side, the money hasn’t necessarily been there.
“A lot know they need to get out of their truck, to buy a new one, but don’t have the money to,” said Dustin Gringell, who works in sales at Redhead Equipment in Lloydminster.
Chad Anderson, who handles heavy equipment sales with Redhead, said it is similar on the construction side, with companies stretching things out.
Gringell came in from working in the fluid hauling side of the industry. He noted, “Things are turning around, but it’s taking a long time.
“You hear the whispers. The signs are there. They’re thinking about it,” he said.