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Will there be trucking jobs available if the economy tanks again.
Discussion in 'Questions From New Drivers' started by newbtr1, Aug 21, 2015.
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HorseShoe and lots of character Thank this.
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As other's have noted, folks need to eat. Fuel still needs to be delivered. Trucking and the transportation industry in general is critical to the daily lives of everyone, therefore there will always be employment in this sector of the economy.
That being said, I think your question is directed to how new drivers entering this sector will do when the economy has a downturn. There will always be hiring in trucking. The trick is going to be how YOU control YOUR expenses as you get into the industry. New drivers make less than experienced drivers, so plan on tightening your personal/family budget as you make the transition. Don't go rush out and get a Corvette with big payments after your first paycheck.
A couple of months ago I left a stable job with Swift to go with a company that services the oil industry. In case you haven't noticed, oil prices are in the tank and other drivers at this company are complaining about how low rates have become. As a company driver I'm paid a percentage TTT (To The Truck) and I'm happy as a clam, making more than I ever have as a driver. However, for other drivers in the company with larger personal budgets they see the glass half full, struggling to make ends meet. I'm in a good position, knowing that when work and rates pick up it will be like a bonus for me. I'm controlling my family budget and still salting away money every week.PayCheck Thanks this. -
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There are always ups and downs in any business. We have seasonal ups and downs. Some segments do better than others with a down economy. Some are predicting a worse recession this year than we experienced starting in 08. The pundits are saying that something will happen in September or October. Time will tell. The economy is still struggling. Rates and freight availability has not been where it should have been for much of this year. During the crash of 2008, thousands of carriers went out of business and many went bankrupt. Tens of thousands of owner operators lost their equipment. Hundreds of thousands of homeowners lost their residence.
On the other hand, many managed to survive and are doing well. There will always be those who prosper during a down economy. But, you must prepare. None of us can see into the future. We can see signs of things to come, but we cannot predict the future. I have never seen an economy during my lifetime, like we experienced in 2008 and 2009. Those who saved, had low debt and planned well survived. It is critical to plan for the worst, but hope for the best. Regardless of whether the economists are right or not about the economy, some will prosper while others will fail.
Failure is not the end of the world. It can be part of the learning process. It is difficult to plan for every contingency. If you want to buy a truck and become an owner operator, I would keep my debt low. You don't want big payments starting out. My philosophy has always been to keep overhead (payments) as low as possible whether the economy is doing well or not. It is much easier to survive a down economy when you don't have to worry about making big payments. If you keep costs down, you will need to worry much less about what is going on in the economy. There is no such thing as a perfect time to start a business. You need to weigh the potential risks against the potential return and then make an informed decision.heavyhaulerss, DUNE-T and I'm not a robot Thank this. -
Not all of trucking is mostly involved in food transportation. In fact very little is. A lot of trucking will slow when the crap hits the fan. Doesn't mean there will be "layoffs" per se, however, a lot of drivers will find themselves sitting a lot more each week waiting on fewer loads. Some will get fed up and exit the industry and go collect whatever benefits they can for as long as they hold out, and this will help to keep the remaining a bit more busy until the carriers hire another desperate driver to go out and wait on less and less freight at jammed truck stops.
Last edited: Aug 22, 2015
heavyhaulerss Thanks this. -
People been saying for months poop bout to hit the fan in september lets see , im a current CDL grad but i work for a "magical" fortune 500 company in orlando so i need to see what happens
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^ let me know if you know a woman by the name of Brandi...
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Oh I don't know were plenty busy here in broadline food distribution, I've watched my pay check go up steadily for the past 3 weeks.
bottomdumpin Thanks this.
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