Given the huge mess our economy is heading for, what trucking companies are fixed to be casualties of this war on this invisible monster? Will any Megas like Swift or others shut their doors during this crisis? Are we likely to see mass driver layoffs across the country for the first time in decades? Or do you think most peoples jobs in trucking in general are secure?
I do know trucking is the first thing the demand increases for anytime the economy even starts to pick back up. and it will after the nose dive. But my thinking is there’s going to be a whole lot of trucking companies go under when we enter into a depression. And this will reach a depression not just a recession.
What do you all think? 10% of drivers lose their jobs? 20% ?
Right now the truckstops are full, the highways are full of trucks, everybody’s busy because we’re catching up to all the hoarding that took place. That period is about to end. When this virus is done running it’s course and they let people go back out, about 40% of Americans are going to have no job to go to. The reality of this is going to hit in about six months.
Can’t believe this hasn’t been discussed yet...
Discussion in 'Experienced Truckers' Advice' started by Lennythedriver, Apr 2, 2020.
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It will definitely be survival of the fittest. But we will have to wait and see how many people die before we worry about that.
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Companies that can survive with a twenty or thirty percent cut in revenue will be fine. They will cut the dead weight, drivers who are late.
In any downturn the people who can make changes win.
The concern I have is the social unrest that is on its way.BigDog Trucker, hallellujah, Just passing by and 13 others Thank this. -
let's not forget, it won't necessarily be the trucking companies that go under but thier customer base first. i would not be surprised by a few mergers as well.
but it's all conjecture at this time.
as far as the highways being "full", that's nonsense, travel of all types is down as much as 70% in some states, like here in New England, which is a very busy north/south route with I-95.
Here's how much traffic congestion has decreased due to the coronavirus crisisLast edited: Apr 2, 2020
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so in essence, more dead wood, soon to come.
as for any civil unrest, that can happen in "some major" cities. and if so, it's best we have our own "protection".Bean Jr., Rideandrepair, Snailexpress and 1 other person Thank this. -
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