Maybe you don't like to think about it, maybe you think that is too much negativity.
I've been hearing a lot about a serious downturn looming, the lastest is Kevin Rutherford talking about economic projections for the industry.
In America, because some freight has to move, or people die, there is sure to be at least some trucking even in the worst of times. Long gone are the days when the whole nation can live off the land and hunt and fish if they need to. Trucks move or people die, pure and simple.
But, in very bad economic conditions, which trucks move? I'd think owner operators have to be most vulnerable, since no one has a commitment to us. A company can cut owner operators and it costs them nothing.
I'm also thinking that the largest carriers with the most accounts will still be moving some freight even after many others have closed there doors. And, what trucks will they be using? Not owner operators. If the freight is really limited, they'll keep the company trucks moving and cut the O/Os first.
How reasonable does all of this sound? I just had the thought today, I wouldn't mind taking a company job with a major carrier. I'm thinking we're approaching a time when it's important to have the most reliable income possible, let someone else worry about cheap freight and a lack of freight, and even be eligible for unemployment if things really tank.
Sorry if this sounds too pessimistic, that's not my intention. I do think there is a potential for things to get worse than it's been since the Great Depression- I'm not crying, just thinking. I'm not giving up, I'm considering strategy.
Thoughts?