Interesting. Looks like most people like myself got their furniture and big purchases done when they were at home during the pandemic. That and disposable income is now below pre-pandemic levels. Revenge travel has also passed us. Now people are just trying to keep their head above water paying for groceries, insurance and car repairs. Things are not easy out there!
Freight demand is low, Rates have collapsed and insurance rates have sky rocketed. Fuel has stayed level for the most part, but maintenence costs are up 35%. Purchase costs of new trucks are in the 7 fiqures and dealer lots are packed with power units. If Amazon, FEDEX, and UPS aren't buying them they aren't selling
Interesting. Looks like most people like myself got their furniture and big purchases done when they were at home during the pandemic. That and disposable income is now below pre-pandemic levels. Revenge travel has also passed us. Now people are just trying to keep their head above water paying for groceries, insurance and car repairs. Things are not easy out there!
Freight demand is low, Rates have collapsed and insurance rates have sky rocketed. Fuel has stayed level for the most part, but maintenence costs are up 35%. Purchase costs of new trucks are in the 7 fiqures and dealer lots are packed with power units. If Amazon, FEDEX, and UPS aren't buying them they aren't selling
Everything that actually deals with the economy is at recession levels.
I am an owner operator. I pull. for JB Hunt. Freight prices are low!!
Ma'am can you tell me for how long you have been doing trucking and what future do you actually see?