Quote:
Unfortunately they have been saying that for a while. Last year I heard it and the year before I heard it. Its already happening. Here in NY they want to raise tolls again. You know that means. More freight charges etc. The buyouts are already happening behind closed doors. You can tell whos gonna make it and whos not.Originally Posted by movinit
Our higher ups at the company we work for had a meeting with several of us drivers the other day. Consumers are being stretched to the max with skyrocketing prices, stagnant wages and layoffs so they aren't spending. The experts are predicting a pretty good slowdown in 2008 for all industries affected by consumer spending as the effects of the housing crisis, high fuel, etc. trickles on down thru all levels manufacturing and services. They said that the smaller companies will probably get overtaken by the big dogs and that many O/O's who do not know how to manage their business will lose it. This will in turn create more loads for the companies left standing when all the dust settles, however it may be rough for a few months and be really slow for there will be many hands in the air wanting each load. If I was a solo I would be for putting money in the bank right now instead of spending it at the casinos or video games in the truck stop (something you should be doing anyhow).