2 trucking companies just went out of business.
Because people are buying less, fewer things are being shipped.
The whole “recovery” lie is nothing but a sham.
One of the largest trucking company YRC. Yellow-Roadway is on the verge itself.
Things are going to get really bad. Meanwhile the politicians and media will be touting “recovery” and “stimulus II”
There are few indicators of how well we are doing as a country better than the health of our trucking companies and the fleet of owner/operators. When times are good you see rest areas and truck stops full, no room for another truck. Travel right now and there’s lots of room for trucks on break.
If I had to choose a single indicator as to the health of our economy it would be the trucking industry. I can’t think of another thing that so closely follows the ups and downs of how well Americans are doing from day to day, month to month.