Driver with over 20 years experience making the jump to IC Choice!

Discussion in 'Schneider' started by LifeSucksThenYouDie, Jul 20, 2015.

  1. PoleCrusher

    PoleCrusher Road Train Member

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    It's already started.
     
    FLATBED and Home_on_wheels Thank this.
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  3. freightwipper

    freightwipper Road Train Member

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    Isn't that how the entire industry works to begin with?

    I've been here 7 months and rates have been generally the same.
    Some weeks are a little better or worse than others but no big deal.
     
  4. FLATBED

    FLATBED Road Train Member

    The overall world economy is starting a downward slide Gold , Oil dropping if the FEDERAL interest rates go up in Sept and that will put a slump into trucking
     
  5. LifeSucksThenYouDie

    LifeSucksThenYouDie Light Load Member

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    Interest rates go up to protect against inflation. Inflation of consumer prices have a negative effect on the trucking industry. The price of gold is a side effect of interest rates. If you can get a better return elsewhere, gold prices drop. Oil prices falling make consumer prices drop, which in turn makes the economy stronger. A stronger economy means more goods being shipped. More shipping will support more transportation.
     
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  6. stevep1977

    stevep1977 Road Train Member

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    The second they start raising the interest rates people are going to start pulling money out of the stock market since other investments will become more attractive. One of the main reason stocks have been doing so good is because there's literally nowhere else to put your money and expect any sort of return under current conditions. AKA, stocks are artificially inflated currently.
     
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  7. LifeSucksThenYouDie

    LifeSucksThenYouDie Light Load Member

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    I have been in this industry for 27 years. When I started my Dad had been a truck driver for over 20 years. I have been around this business for all of my 48 years. There have been bad years and good years, but overall the trucking industry keeps growing. I can't predict the future. I can only try to do what I think will provide the most income for my family.
     
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  8. TennMan

    TennMan Road Train Member

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    I play the lottery so I can drink more beer.
    (Everytime I buy a lottery ticket I buy a 12 pack...Better return on my investment)

    Of course I am kidding.
     
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  9. LifeSucksThenYouDie

    LifeSucksThenYouDie Light Load Member

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    I buy lottery tickets also. I know when I'm buying them I don't have much chance of winning. Sometimes in life the adventure is worth the cost of admission.
     
    Old - School, 91B20H8 and TennMan Thank this.
  10. FLATBED

    FLATBED Road Train Member

    There have been bad years and good years, but overall the trucking industry keeps growing :rolleyes: NEWS FLASH when the ECONOMY TANKS nothing keeps growing , just look at the # of major players in the trucking industry that have gone BUST over the years and if interest rates go up companies stop expanding , people stop borrowing and overall spending declines and that effects the transportation / trucking industry.
     
    drvrtech77 Thanks this.
  11. LifeSucksThenYouDie

    LifeSucksThenYouDie Light Load Member

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    You can get mad and quote me in red, but that does not change the facts. Companies with bad business models often fail, but that does not prove an entire industry is in decline.
     
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