- Trucker New England Motor Freight Files for Bankruptcy, Plans to Shut Down
- https://cdllife.com/2019/california-trucking-bankruptcy/
how come there are so many fleet bankruptcies?
Discussion in 'Other News' started by RussianBearTruckeR, Feb 16, 2019.
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Deregulation in 1980 started the race to the bottom. Before that, companies used to have the same rate. After 1980, companiese began lowering their shipping rates to acquire volume while simultaneously greatly lowering pay to remain profitable.
The average truck driver before 1980 made equivalent to six figures. Not so much anymore.
Anytime you deregulate an industry, companies begin doing extremely harmful things to gain an edge over their competitors. See...Enron. The banking collapse of 2008. Etc.
So hooray capitalism, goodbye stability, and let's continue the race to the bottom of the toilet bowl.KB3MMX, RussianBearTruckeR, stwik and 1 other person Thank this. -
You can only cut rates for so long and expect to survive..
Hopefully some of these megas are next....CMN19, KB3MMX, RussianBearTruckeR and 3 others Thank this. -
KB3MMX, Mattflat362, RussianBearTruckeR and 3 others Thank this.
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There are only two things you could rely on God and change !
Don’t get too comfortable and don’t get lazy because it will change ! I’ve always believed it’s a race to the top not the bottom attitude is the smallest thing you can change to make the biggest difference ! Of course this is only my opinion ! -
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Pretty easy. When the out going exceed the incoming you end up tits up
KB3MMX, bzinger, Dale thompson and 2 others Thank this. -
I think there are so many fleet bankruptcies for multiple reasons. #1 the big fleets don't want to pay their drivers anything and you get what you pay for so they have a lot more inexperienced drivers causing them major financial problems.
#2 the freight market is tight and these big fleets are driving each other into the ground undercutting each other.
#3 the shareholders and CEOs aren't getting to fly on corporate Jets as much as they think they should so they throw in the towel do a bankruptcy and start another business where they can actually make money?
I have the answers get some migrant farm workers and give them a two-day course and get their CDL throw them in trucks with pallet jacks and make them do absolutely everything for $0.33 a mile or what equals up to be about $7 an hour.
Don't worry about that law about having speak and write English we all know that's not enforced too much have you been to California lately?
That's my guess but what the hell do I know?Last edited: Feb 16, 2019
KB3MMX, RussianBearTruckeR and Tall Mike Thank this. -
Well, I'll say this much, if they were able to hang on for 40 years, my hats off to them.
Stupid teamster bs.RussianBearTruckeR, thaistick, Coover and 3 others Thank this. -
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