Used equipment prices

Had dinner with my daughter's family last night in Oregon. Her husband is the head of the road maintenance department for a city up there, and they've had to suspend all repaving projects for the rest of the year because they can't get parts for the paving machines. They're just patching potholes for now. There are supply shortages of parts for everything across the country.

Told my daughter to stock up a 4 week supply of canned goods and bottled water. There is going to be a tipping point where there aren't enough running available trucks to haul freight and the supply chain could collapse quickly. Fortunately, they live in a rural area and own plenty of guns, so nobody will be taking their supplies, but cities could get nasty really quick if people can't get food. Not trying to be a doomsday conspiracy theory nut, but we're kind of seeing the beginnings of it happening now with close to 100 ships stacked up off the ports in southern California. If you O/O's see rates double or triple overnight, be very concerned about the supply chain. That means shippers and receivers are desperate to move freight at any price and can't. Frankly I'm worried about breaking down somewhere away from home and not being able to get a part for weeks or longer and being unable to get home. You can't even get a rental car right now. It's getting ugly out there.