General Mills stock is down 9.29% right now because of increased transportation expenses...

Washington wants higher costs. "What's the problem?" is how they would respond to this post. All the regulations they (government) imposes? These always increase costs to business and consumers. That's the purpose of today's big government. Why do you think this would be seen as a problem?

Freight rates and "truck shortages" always spike pre-spring before all the fair-weather drivers pull their trucks out of the barn.

 

And to think I cut back on Cereal, specifically certain GM Brands that are a tad pricey these days....

I know all about GM, I used to haul their #### cereals out of Harrisburg. I got sick of it. (One of those door slamming wind gear mindless volume loads with no weight at all in a tractor with no balls to pull it worth a ####... (Don't get me started....)

I did however get picky about breakfast materiel and pricing at the store these last several months Ive made changes and reduced the cost so to speak. No wonder they are feeling it.

 

I just talked to the boss, rates are up yet again this week... Need to get my tail end in gear and finish up this truck. Waiting for it to warm up... Feels like 26* out there, and windy. At least it quit snowing.

 

I cannot see this lasting much longer, the rates we are now getting have to be taking a hit on the bottom line somewhere. $1,000 to go 70 miles is not out of line right now, which is great for me, but we all know this cannot continue.

 

In case some of you dont know (or did not study economics)... here's a little tidbit to marinate on.

The current economy is steaming with inflation pressure. They economic policies signed off by Trump will have too much $$ chasing few(er) goods in the market - see @boredsocial post above - and as such prices will adjust upwards.

But Guess What??

They will blame this on trucker shortage & ELD.... for making consumer goods cost more (and hurting the middle class)

The percieved gains in wages will be wiped out by increase in prices.

 

The ELD's really through a wrench into things. GM is now ordering three trucks in some instances instead of just one, and they are paying out the nose. I have seen Chrysler doing the same. Getting expensive for these guys to get the parts to the plants. I don't know how much longer this will last. There will be blowback eventually.