Not coming to Schneider at this time.

no worries the Unfederal Reserve will create more "money" out of air and loan it to us at interest some more.
Nothing to worry about.. move along.

 

Ok...let's take it to the political side.

 

No one did make it a political conversation. Simply stating that the debt is killing our country is not a political statement. Blaming one party or the other would be a political debate. Only reason I brought it up is when trying to make a business decision I want to be careful at this point in time. It's one thing if you own your truck and don't have payments as you obviously can take hard times a lot easier. Someone with a big payment, on the other hand, potentially could run into problems. That's the only thing I'm trying to say here.

 

SFI don't want any trucks returned. If the economy took a major dump, to the point of trucks not making enough, I'd bet they would work with us to get through the rough times. After all what would they do with a parking lot full of returned trucks?

 

darn I was hoping this thread would De-Roehl into a political economy one.

 

Even in rough times.. If you can't make the weekly payment and at the least 500 you don't need to be trucking. Lol. This economy is bad but it's a little better than a few years ago

 

Sounds like someone needs to turn the channel on his xm radio. You know listening to those voices in your head can be a bad thing, lol.

With our country's obsession of news now all the time even if there isn't anything to report so we'll just talk and hype up a hang nail, it's no wonder everyone is always in edge about something. Hey China farted and we are scared the smell might waft this way so let's freak the world out about the collapse of the economy just for fun. Yes the market is a little scared and it's showing that from a dip. No it's not another collapse of the economy or a correction, or an indication our economy is artistically inflated. It's the product of our obsession with hyped up 24/7 news and everyone hears the economy is going to crash and should pull there money out to protect it. Well when that happens, the market opens up low or starts to decline. You only get hurt when you get off the roller coaster mid ride, lol.

 

Unemployment is down, the housing market is strong, economy is doing fine. The fed is confident enough to possibly raise rates a bit.
Not only that, but Donald is taking over next year.

 

Labor participation rate is very low. A significant percentage of working age people are not in the workforce.
19 trillion in debt.
Truck demand is down. Rates are down according to many posters on this site.
We are about due for a recession.

 

When I worked for Crete during the last recession, I met a former Schneider lease operator. He had turned in his truck and gotten a company job with Crete. I wouldn't assume Schneider would lower the payments.
What would Schneider do with the trucks? Put drivers in them, sell them, or let them sit for a while.
When I was with Crete, they would occasionally buy special groups of trucks just to sell to drivers. When the economy slowed or fuel got expensive, there was a lack of buyers. Crete eventually assigned them to company drivers and ran them til they were ready to trade them.