Quote:
Originally Posted by Twilight Flyer
Actually, it's all about poor decisions being made day in and day out by thousands and thousands of owner operators.
<snip>
Unfortunately, it's not a fixable problem.
So as Fozzy says...same poop, different day.
I disagree.
This will be fixed by attrition.
Those with poor business sense shall perish.
The cost of fuel is
NOT going down this summer.
The shipping rates will not go up as long as there are enough desperate O/Os to haul anything for nothing.
Eventually enough of these guys running without a profit margin or a safety net in the bank will have trouble ($$$ to fix) and be forced out.
When enough do, the shipping rates will go up.
Pure capitalism doing it's thing.
While I am new to trucking and have a lot to learn, I am not new to small business.
How foolishly many O/O's operate their trucks is stunning.
The fact that they
ever made a profit makes me look forward to the day I can be a O/O.