Quote:
Originally Posted by heavyhaulerss
It is real slow. that is why I have advised when getting into trucking, that people new to the industry buy inexpensive trucks, as I did. when a lot of people with those high payments cannot afford it any longer & go out, there will be more freight fo those left. I also can afford to sit & not take cheap freight. I have talked to 3 drivers in the last week who say they are just making enough money to buy fuel & food. they do no not have money to have a tire fixed or pay their bills. they are just hoping that things get better the next day & are behind on every bill they have.
one particiliar man told me he just lost his house & everything he owned 3 weeks ago. he is expecting the repo man to try & find him cause he is behind on truck payment. I dont wish to get more work because of others losing it. though that is what happens in times like this. just like when folks forclose on property. you can, a lot of times get that property easier cause of some one else's misfortune. we go thru these cycles of reccession or depression every so often. in trucking I think it is more often than not. you just dont know when it will start, when it will end, or how severe it will be. but this unexpected downturn, should be expected. especially by those who have lived long enough to have been thru hard economic times before. I hope all member on this forum hang in there. best luck to all..
At the risk of killing a good Country and Western song, this guy must not have owned anything anyway. I know two people who went through bankrupcy, it's amazing how easy it is. That might help someone. Either his wife took everything or he was making payments on everything, people go through bankrupcy and keep most of what they own. I don't want to throw the thread off, I'm just trying to keep it realistic. These guys doing so poorly, why weren't they in a company truck? How far into the ground do you drive yourself before you think, 'hm, maybe I ought to change something'.
If you follow the larger economy like the federal budget deficit, the actions of the Federal Reserve, CDS, CDOs and the bank failures...
...unless you are in your 70s or 80s, you may not have anything to compare the next few years to, not in America. We're all down here on mainstreet doing things like we always do, up on Wall street, K street, Pennsylvania Ave...they are destroying everything.