Closing up shop, or thinking about it?

Our office admin told us the other day its still a THREE year wait for a new Hyundai SUV according to her dealer.

 

I drive past Richie Bros yard almost every day. No shortage of iron there.

 

I'm still surprised these finance companies loaned all the money they did after the bath they took in the last downturn.

 

Been periodically browsing for a service truck. With how many are on the market I'm amazed the prices are so high. $250k for a new F-550 or Ram 5500. Even 15 year old ones with 300k on the odometer are $50k or more.

 

Just like us, they've got to figure it out and carry on doing what they do. I bet a lot of em were tempted to get in to trucking last year though.

 

I know people in chicongo got 200-300k toys and mil dollar houses during uptrend ... I have my popcorn ready !

 

I see rates going down but i dont struggle yet , maybe because of minimum overhead and paid of equipment. I already agreed that i am bad businessman ( i never had more than 3 drivers at a time ) and after one of 2 drivers abandoned my equipment recently i decided no more and one driver i have either will buy my truck and continue as 0/o or be the last one for me .

 

I have a good friend that I use as my financial advisor and is a very sound source to use as a economic barometer for the trucking industry
When times are good he drinks Budweiser & Crown Royal when things get lean he switches to Bush lite and Ripple out of a brown paper bag..
I see he has be posting on this thread with more sound economic advice.. He's the Paul Pelosi Sr. of the trucking industry
I better call him.& see which hooch he is on this week

 

Were the 80s worse than 08 or not? I wasn't around yet then so have no idea really.

 

Same way at their Houston facility…jammed packed with trucks and trailers and other equipment