I just dont understand these millionaire company owners.
They have all the money,they ever could spend,but refuse to share it,by honestly creating jobs and employing people.
If everyone was working,paying taxes,and had disposable income to spend,everyone would benefit.
Does freight really slow down?
Discussion in 'Questions From New Drivers' started by 1278PA, Jan 9, 2016.
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Last edited: Jan 10, 2016
Gottfried Thanks this. -
Ive been in the workforce,over 30 years,and had one boss,in that 30 years,treat me like family.
If work fell through,he would pay you in cash for the day,full wages,and tell you to go have some fun.
$500 Christmas bonus,even bailed me out of jail,a few times.
Needless to say,I never missed a day of work.
Owner retired,gave nephew the company,who quickly,ran it into the ground. -
As far as 2008, freight was good and rates were up until October when the bottom fell out. Fuel was as high as $5/gallon, but we did well until October when rates dropped to half of what they were only a week before the crash. One of my customers whom we hauled at least 2 loads per week only had 3 loads for the 4th quarter that we could haul. The first quarter was even worse. We could not buy a load from our home base during the first quarter of 2009. Thousands of carriers and tens of thousands of owner operators went bankrupt or out of business. It was the worst economy that I have seen during my lifetime. The economy has not fully recovered from that time. We have a government that is out of control with spending and continues to add useless, costly regulations and ever higher taxes. We are paying more taxes today than we did prior to 2008. Unemployment numbers are also much higher than is being reported.
Trucking is the first to see a downturn in the economy and first to benefit from a recovery. Fuel is down. Rates are low and freight is slower than usual. We are in a slower time of year for freight, but this year it seems that rates and the availability of freight was down most of 2015. The economy has been propped up by the federal government for the last few years. By expending unemployment benefits and pushing more government handouts, the real state of our economy has been kept hidden. /More than 40 million people are currently receiving government benefits, the highest in history. The government has also been encouraging and even paying illegals to come to this country. A number of hospitals have closed in the border states due to the impact of illegals coming into the country.
While I hate to be the pessimist, I think this will be a challenging year. The economy does tend to be a little off during presidential elections, but there is much uncertainty in the global economy that can impact not only the United States, but other industrialized nations. Some of us have been sitting more than running. We see no sense running just to keep the wheels turning unless you can make a profit. I think we could very well see as bad or worse economy than we did during 2008. There are a couple of reasons that I think things could be difficult. Our government is spending much more than they are collecting in taxes. At some point there will come a breaking point. We are just barely paying the interest on our debt. We are increasing spending rather than paying down our debt and cutting government spending. We are also not alone in our debt. Europe, China, Russia and others are also having a troubled economy. Our balance of trade has been out of kilter for a number of years. Purchasing power has declined and politicians seem hellbent on destroying our economy with doubling of the minimum wage, increased regulations and higher taxes. It is a downward spiral that is bound to hit us sooner rather than later. -
GMan, some of your facts are accurate. But, the bottom did NOT fall out of the economy. GW Bush, Hank Paulson, and Alan Greenspan removed mortgage industry regulations which than allowed stealth mortgages, shark mortgages, heck, a Mexican immigrant with no ID and a McDonald's job could buy a home over his signature. About $1 Trillion dollars was racked up in profit and income for the brokers, contractors, inspectors, everybody had a hand in the pie - "a good time was had by all." It was all phony, unqualified debt which was turned into real money when the regulations went away thanks to Bush and his money friends. I still hate hearing about "the bad economy" when what really happened was the worst ripoff of American working families in recent history. I lost a lot, myself, worked all my life and lost about 40-50% of my equity value and retirement accounts. Hate isn't good for people, but I hear so many complain about Obama when Bush was the Great Ripoff. Hate!
Toomanybikes, darthanubis and bottomdumpin Thank this. -
darthanubis Thanks this.
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Steel Dragon and bottomdumpin Thank this.
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Believe it or not, reefer freight is slow right now as well.
darthanubis Thanks this. -
its simple really, the more debt you have the more you will notice freight slow down, depends on what kind of lifestyle is worth it to you. i often wonder if the Amish ever notice when the economy slows down or if they just go about their simple lives.
mindes and bottomdumpin Thank this.
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