Economic Indicators

[wrongwayric]

One of our economic indicators is the trucking industry. Since just about everything we use/buy is at one time or another on a truck here is a bad sign of how our economy is going.

In the first quarter of this year 930 trucking companies have gone out of business! All of these companies owned 50 trucks and employed 50 plus drivers, not to mention the support personnel! Just with the drivers that's 46,500 people out of work in the first 3 months of the year!

What's the reason given? High fuel prices and lack of freight from manufacturers due to customers/consumers not having the money to buy with due once again to the high fuel prices!

I'm one of these drivers that's been caught up in this deal and trying to find a new job is looking slim. I was a relief driver for Jevic Transportation and they folded up, closed the doors and we were left hanging. So if you think the economy is bad, it's getting worse and most of us don't see it improving anytime soon.

[Gunslinger]

Obama is going to tax the oil companies more and give them free health care.  All will be better......CHANGE is a comin!   

[Fulmar]

Obama is going to tax the oil companies more and give them free health care.  All will be better......CHANGE is a comin!   

[ghi]

I'm one of these drivers that's been caught up in this deal and trying to find a new job is looking slim. .

I work O/O for Celadon Canada for 7 years, same company, last week they fired here 50 O/Os with older trucks , but i'm not worried there's lots of demand for trucking services .

Where do you live?  Celadon has  terminals in Indianapolis,Laredo,Waxahacie(Dallas), Chicago,Greensboro,NC,Detroit,St.Louis,El Passo,Luisville,KY and here in canada in Windsor,Kitchener,toronto,Montreal.
Most loads are going north south, dryvan only, not too much west coast, (that's why i still work for them,i'm tired of transcanada hwy, mountains, snow and chains) cheap fuel, average weight 20-25000 lbs

Do you have a clean CDL? fill up the form below, i'm sure they'll hire you, If you want you can lease a truck from them also.

http://www.driveceladon.com/celjobs.nsf/da?openform

[Ripsnort]

Sorry to hear about your job wrongway.
Ghi, great gesture and shows that there is hope for this community in AH OT.

[ghi]

They pay me every time i bring them another driver, it's about refferal bunus, not cuz i'm a nice guy 

 Recruit an experienced...

Solo Driver and receive $1000.00
$250.00** paid after recruit takes first dispatch.
$750.00** paid after 90 days.

Team and receive $2000.00
$500.00** paid after recruits take first dispatch.
$1500.00** paid after 90 days.

Owner Operator and receive $1000.00
$250.00** paid after O/O takes first dispatch.
$750.00** paid after 90 days.

NOTE: No rehires or students are eligible referrals. Each bonus is paid through normal payroll and will be taxed.

[navajoboy]

They pay me every time i bring them another driver, it's about refferal bunus, not cuz i'm a nice guy 

 Recruit an experienced...

Solo Driver and receive $1000.00
$250.00** paid after recruit takes first dispatch.
$750.00** paid after 90 days.

Team and receive $2000.00
$500.00** paid after recruits take first dispatch.
$1500.00** paid after 90 days.

Owner Operator and receive $1000.00
$250.00** paid after O/O takes first dispatch.
$750.00** paid after 90 days.

NOTE: No rehires or students are eligible referrals. Each bonus is paid through normal payroll and will be taxed.

wow i always though your job was to fly IL2 over capped based...

Well at lease the company you work for is going good. I have to agree with the indicator.
I cant afford high end stuff so staying with basics and hoping it all blows over.

[wrongwayric]

Think i already looked into celadon but they didn't have anything that really made me want to work for them. The biggest problem is i live 100 miles from chicago and with gas prices it kills me to drive up there.
13 years experience with only 1 ticket/accident. They both came from same incident. Been blown over by a tornado/super cell down burst while sitting at a stop sign, so i'm roll tested. That's not a ride you want to take twice BTW.
I'm looking to move here shortly and hopefully get into a spotters job at a warehouse complex i'll be close to.

[Bodhi]

The majority of the reasons for trucking companies going out of business has little to do with diesel prices.  It has to do with debt load, and brokers. 

Many of these trucking companies that go under did so because of poor financial decisions that allowed them to be leveraged to the hilt.  Combine that with brokers who are still scamming every penny they can, and you have a recipe for bankruptcy for those that could not afford a rise in costs and their rediculous truck payments.

The same goes for independents.  Those that leveraged everything they had to get a truck, also wound up with a $1500 - $2500 a month payment.  Some even used their homes as collateral.  Not a good choice when you find out you can't make payments on one. 


Again, it is a cause and effect issue that also reflects the financial status of many in this country.  You leverage your arse to the hilt, and buy everything on credit, and sooner or later the Pieper will need to be paid.  More so in a down trending economy like now. 

Their are exceptions to everything, but they are definitely the rarity. 

Hope you find a job Ric.

[ZetaNine]

the REAL ECONOMIC INDICATOR


When the worlds #1 Industrial Superpower capitulates to liberal causes that provide for:

* No Drilling for Oil in Anwar or the Gulf Of Mexico...
* No Building of new Nuclear Power Stations...
* No Building of new Hydro Electric Dams...
* No Building of new Petroleum Refineries...
* No Building of new Coal Burning Facilities...

it's pretty much a given that it's the beginning of the end for said industrial superpower..........

Glad we could save the spotted owl...and destroy ourselves in the process...

[AWMac]

ECONOMIC INDICATOR?

When I open the fridge and all that is in there is an echo.

The pantry has dead mice from starvation.

I go to feed the dog and he thinks I'm the meal.

Buzzards circle overhead.

[Nilsen]

ECONOMIC INDICATOR?

When I open the fridge and all that is in there is an echo.

The pantry has dead mice from starvation.

I go to feed the dog and he thinks I'm the meal.

Buzzards circle overhead.

 

[AWMac]

You can't have your Lutefisk and eat it too!

 

Ask about our:
Special "Lutefisk: It's Not Just For Breakfast" meal plan.

[Kaw1000]

Obama is going to tax the oil companies more and give them free health care.  All will be better......CHANGE is a comin!   

Good thinkiing Obama...then what will happen??? The oil companys will pass the higher taxes to you and I. Duh

[ghi]

ECONOMIC INDICATOR?

When I open the fridge and all that is in there is an echo.

The pantry has dead mice from starvation.

I go to feed the dog and he thinks I'm the meal.

Buzzards circle overhead.

back in Romania in last years  Ceausescu , i had to wake up at 5AM and wait in line for a rationalized  piece of bred and milk, In grocery store you could find only caned or bulk frozen fish:that buger feed us like penguins,  meat was rationalized 1.5 lbs/person/month, 10-12 gallons of gasoline/month. First years after the revolution from "89 the unemployment was 35-40%, inflation over 100% year,  but we survived.
However the economy goes, i don't think here in North America I'll ever see that kind of miserable life.