Truck Load Rates Halt 8 Week Slide 2.0

Discussion in 'Freight Broker Forum' started by Scooter Jones, Mar 7, 2020.

  1. Scooter Jones

    Scooter Jones Road Train Member

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    My son's wife's parents are both retired from the State. Drawing a really nice pension plus S.S. I guestimate somewhere in the neighborhood of 12 to 14 grand a month between them. House paid for, etc.

    They were bummed their Caribbean cruise had to be cancelled due to the Coronavirus outbreak.

    What an inconvenience...

    Not everyone is on the brink.
     
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  3. DUNE-T

    DUNE-T Road Train Member

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    Boomers! Government-Over-70-year-old-people-must-stay-inside-for-their-own-good-Boomers.jpg
     
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  4. kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

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    [​IMG]
     
  5. TallJoe

    TallJoe Road Train Member

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    Nice piece of history.
     
  6. Scooter Jones

    Scooter Jones Road Train Member

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    I'm not kidding when I posted that .gif from Dumb & Dumber showing Lloyd Christmas handing out money like candy.

    My truck loan is an SBA backed loan through a local community bank. I've been staying in touch with them since this whole Covid-19 started. He (banker) told me on Wednesday about an additional opportunity being extended to businesses (via the CARES Act) that have an existing SBA 7(a) loan, which my truck loan is.

    SBA Debt Relief
    The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis.

    Under this program:

    • The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.
    • The SBA will pay the principal and interest of current 7(a) loans for a period of six months.
    Add 6 mos of my truck payment principal and interest on top of the 10k EDIL grant, that starts to turn into real money.
     
    Last edited: Apr 2, 2020
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  7. clausland

    clausland Road Train Member

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    I'll hatch you out a dozen hens if you want 'em, no roos either. Nice birds that'll produce large/xtra large brown eggs.

    We butchered our last two hogs, end of last year. No $$$ in raising hogs right now, unlike a few years back.

    I'm running tomorrow to get a load of cedar fence posts. My offer still stands, I'll feed you if you help me drive 'em, no soup line here. Hey, there's an idea, maybe I'll make up a sign, "trade food for work."
     
  8. TallJoe

    TallJoe Road Train Member

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    Thank you sir. I appreciate your offer. I'll be grateful to work for food when hungry.

    I read somewhere that in old times in Southern Texas, Cowboys were paid by a piece of flank stake. So were Oklahomians migrating to California to pick peaches in 1930s.

    I don't need that fiat money.
     
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  9. RERM

    RERM Road Train Member

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    I learned long ago, when they (Gov) say it’s about safety and not money, it’s about money.

    (For those who think it’s politics and not money, keep in mind Obama just bought a 12 million dollar home in Martha’s Vineyard).

    Obamas buy Martha’s Vineyard mansion for $11.75 million
     
  10. SteveScott

    SteveScott Road Train Member

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    My nephew is an appraiser in NC and is slammed as well. People are trying to re-fi and sell before the housing market tanks. I'm afraid that ship has most likely already sailed. A person would have to be crazy to buy now. My brother sold his home for top dollar in NorCal the 2nd week of January, just before the poop hit the fan. I'll bet the new owners are now pissed.
     
  11. Dale thompson

    Dale thompson Road Train Member

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    In other news I was at my local Kroger and they are starting to catch up. Still lots of empty shelf space but less than last week. I’m thinking at this pace they could be back to normal stock in 3 weeks,except for tp of course.
     
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