The freight recession is officially over.

Inflation is destroying the overhead cost for most in the trucking industry. Those operating with profitable margins obviously have less overhead expenses next to none besides fuel. Difficult times for most especially if it's main reliable source for Freight is the spot market alone.

 

No end in sight

 

FedEx is the gang that can't shoot straight. I see from their release of Q2 financials that they bought back a billion dollars more of their stock. They do this to prop up the share price, since they don't offer a quality service anymore.

 

RBX is a "no money down" L/P outfit. They might be doing this to cut their footprint and reemerge with just their core drivers. More likely the "family" has purposefully moved all the assets out of the company over the last year or so while at the same time inflating their debt profile. If they can arrange a Chapter 11, great - they'll come out with something they can work with. If it turns into a Chapter 7, no big deal - they already got theirs. Just look at what Falcon did.

 

It's " nell".

 

You forgot the k…..

 

☹️Doh!

 

The family has been in and out of trucking for years. They had a hard time attracting and keeping drivers when I was there in 2021, I doubt they've had a change of heart and have suddenly started worrying about others.