Truck Load Rates Halt 8 Week Slide 2.0

What's interesting is all the talk about the need for ventilators. Now some doctors and researchers are surmising ventilators may not be the best option? LOL

"But 80% or more of coronavirus patients placed on the machines in New York City have died, state and city officials say.

Higher-than-normal death rates also have been reported elsewhere in the U.S., said Dr. Albert Rizzo, the American Lung Association’s chief medical officer."

My wife told me she saw a report the other night that revealed how the government is reimbursing hospitals $11,000 for every "Coronavirus" patient they admit and $39,000 if they're put on a ventilator.

I see, said the blind man to his deaf son and picked up the hammer and saw!

 

Necessity is the mother of invention.

 

Okay, back to the topic of the thread in general.

I had communications yesterday with a friend who owns and runs a 30mil a year trucking company. This is in part, what he communicated with me:

"I would anticipate the next 2-3 weeks to really be challenging. Keep a positive attitude as this will pass. Make sure we all do business with reliable customers right now. Getting paid and having capital is key right now. Let’s hope June and July we can make it all up?"

Good advice.

 

It should be noted that about 90% of his company revenue is generated on the I-5 corridor from vans, curtain vans/flat. So, his perspective is going to be colored from that reality. I do know for a fact that he is well connected to other individuals in this industry from all over the country though, and that his sentiment could be a collective one gathered from information of others.

 

In reality, if some of the other measures/funding I've written about for myself come into play, I could (with some tightening of the belt) survive through the end of the year without pulling my truck out of the driveway.

I've also stated repeatedly that at anytime, rates I have been able to secure, could essentially change on a dime and in reality have expected them to do so. Any person with half a brain can see what is happening right now.

In addition, I've also stated that even if I had to run at $1.50 a mile right now, I personally, because of my overheard ratios, can survive.

Don't plan on doing that right now, but I could...

I'm leaning more towards just keeping the truck parked for a couple of months, spending more time with my wife, kids and grandkids! I love being around them!!!

 

Speaking of grandkids. My daughter has to do a better job!

Had her 5 year old son over on Thursday and Friday.

My wife says: "Axel, what do we celebrate on Easter Sunday?"

Axel: "Eating and burying eggs in the ground." LOL