We are in the start of trucking recession

North port area

 

It's 5 o'clock somewhere.....I vote for beer and margaritas.....

 

Thanks for the positive energy just what I needed today lol.

 

You left out the part making it mandatory that you go to school to make sure your qualified to except the job.. talk about a slap in the face..lol

 

Read an article today from ooida that said in the last 2 years there have been 20000 some new carriers granted operating authority and it blatenly said of those 20000 that rely solely on spot market freight most will go out of business in the next downturn.
Also mentioned as contributing factors to they're demise will be ( what most of us knew already) will be sky high
Equipment prices .
High debt .
High insurance rates .
High maintenance and repair costs .
High fuel costs.
Also said established carriers and long term owner ops will probably not have any issues other than diminished revenues down from historic High levels .
They expect it to rival 2019.
Hell I made good money in 2019 with a truck payment so I'm not worried and still at the same carrier that's been in business 90 years .

 

It’s like every gold rush. Eventually there is a bust.

 

That's for new drivers, not current CDL holders...

 

Gonna be a hell of a bust and the auction lots will be full again ...used truck prices will drop like rocks and oems will be flooded with order cancelations .

 

I know that .. just saying