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Trucking demands sharply declining! - Is it time for GLP truckers find a better respected job?

 
Anonymous Coward
User ID: 80795309
United States
04/25/2022 04:17 PM
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Trucking demands sharply declining! - Is it time for GLP truckers find a better respected job?
There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs - known as the spot market - are skidding.

"It basically just dropped off a cliff," said Fuller, who is concerned that the United States is at the start of a trucking recession that could decimate truckers' ability to dictate prices and push some small trucking firms into bankruptcy.


Meanwhile, investors and financial analysts worry what will happen if the trucking slump deepens and spreads.

History has proven trucking to be a possible indicator for the U.S. economy. That is because when people buy less, companies ship less - and business activity slows. Economic recessions followed six of the 12 trucking recessions since 1972, according to an analysis by trucking data company Convoy.


(I can’t link the site they won’t let me.)

Looks like soon truckers have no choice but accept all shtty loads for less money.
Anonymous Coward
User ID: 82440641
United States
04/25/2022 04:34 PM
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Re: Trucking demands sharply declining! - Is it time for GLP truckers find a better respected job?
There has been an unexpectedly sharp downturn in demand to truck everything from food to furniture since the beginning of March and rates in the overheated segment that deals in on-demand trucking jobs - known as the spot market - are skidding.

"It basically just dropped off a cliff," said Fuller, who is concerned that the United States is at the start of a trucking recession that could decimate truckers' ability to dictate prices and push some small trucking firms into bankruptcy.


Meanwhile, investors and financial analysts worry what will happen if the trucking slump deepens and spreads.

History has proven trucking to be a possible indicator for the U.S. economy. That is because when people buy less, companies ship less - and business activity slows. Economic recessions followed six of the 12 trucking recessions since 1972, according to an analysis by trucking data company Convoy.


(I can’t link the site they won’t let me.)

Looks like soon truckers have no choice but accept all shtty loads for less money.
 Quoting: Anonymous Coward 80795309


Soon all grasshopper Antivaxx owner operating Canadian truckers will lose their trucks for not spending their time wisely. lmao
Anonymous Coward
User ID: 82990123
Singapore
04/25/2022 04:36 PM
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Re: Trucking demands sharply declining! - Is it time for GLP truckers find a better respected job?
Eat your LOAD OF SHIT!
sheeplebah
Keep watching!
Golbez

User ID: 78970769
United States
04/25/2022 04:52 PM
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Re: Trucking demands sharply declining! - Is it time for GLP truckers find a better respected job?
Drivers at my job still working like normal.
Still offering a 5k sign on bonus.
Far as I know 80-120k a year is still a respected wage for a local job.
Proud member of the angry mob since 2009.
Anonymous Coward
User ID: 82310800
Canada
05/28/2022 01:22 PM
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Re: Trucking demands sharply declining! - Is it time for GLP truckers find a better respected job?
Drivers at my job still working like normal.
Still offering a 5k sign on bonus.
Far as I know 80-120k a year is still a respected wage for a local job.
 Quoting: Golbez


In reality most truckers make around 60k. Most common lies in Trucking industry - “Hey I make over 100k in a year.”
Anonymous Coward
User ID: 83303808
Canada
05/28/2022 04:52 PM
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Re: Trucking demands sharply declining! - Is it time for GLP truckers find a better respected job?
When I was at the ferry on the beach smoking with a more advanced driver, I axed him, "Is it true the Independents are 'laying flat' because of fuel prices?"

He said, "No, they are working, because they have a contractual fuel price contingency; so if say the fuel goes up 4.5 cents, they get like 1.5 cents moar, or something. It's based on a proportional formula."

So they are still trucking. At least in supernatural B.C., Canadia.
Anonymous Coward
User ID: 79966791
United States
05/28/2022 04:54 PM
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Re: Trucking demands sharply declining! - Is it time for GLP truckers find a better respected job?
But but truckers are heroes
Anonymous Coward
User ID: 83459839
05/28/2022 04:56 PM
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Re: Trucking demands sharply declining! - Is it time for GLP truckers find a better respected job?
OP WILL LOTT LIZARDING BLOW JOBS AT THE TRUKKK STOPP PHEGGGGG
 Quoting: Anonymous Coward 83459839


hesright
Anonymous Coward
User ID: 82053571
Chile
05/28/2022 04:56 PM
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Re: Trucking demands sharply declining! - Is it time for GLP truckers find a better respected job?
Drivers at my job still working like normal.
Still offering a 5k sign on bonus.
Far as I know 80-120k a year is still a respected wage for a local job.
 Quoting: Golbez


In reality most truckers make around 60k. Most common lies in Trucking industry - “Hey I make over 100k in a year.”
 Quoting: Anonymous Coward 82310800


You guys work 11 hours a day/6 days a week. That’s less than a minimum wage.





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