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As some of you know I operate a small refrigerated freight carrier company. We have 6 over the road trucks and refer trailers. I just got a call from my dispatcher panicked... within 48 hours the rates have ABSOLUTELY tanked, so much so that we are electing to sit in Salt Lake City and Denver. We have been getting between $3.00 - $3.30 per mile, rates are now $2.00 per mile and lower. We simply can not make a profit at this number, we are literally losing money with every additional mile. The funny thing is this is across the board, the spot market is very quick to react to market conditions and there is very little fat. What this tells me is there is NO freight to move ( we move food) and there is a serious excess capacity with trucks. Between fuel cost, increased and unwarranted insurance increases they are KILLING small carriers such as myself. I also heard that Walmart and swift are cutting a huge % of their company drivers and back filling with owner operators. My gut is the insurance and maintenance costs coupled with downed trucks because of the lack of parts makes it hard to make a profit.

I hired back a driver that went to a company that had 46 truck fleet and 18 of the trucks were down waiting for parts (3-6 weeks for some longer for others)

As some of you know I operate a small refrigerated freight carrier company. We have 6 over the road trucks and refer trailers. I just got a call from my dispatcher panicked... within 48 hours the rates have ABSOLUTELY tanked, so much so that we are electing to sit in Salt Lake City and Denver. We have been getting between $3.00 - $3.30 per mile, rates are now $2.00 per mile and lower. We simply can not make a profit at this number, we are literally losing money with every additional mile. The funny thing is this is across the board, the spot market is very quick to react to market conditions and there is very little fat. What this tells me is there is NO freight to move ( we move food) and there is a serious excess capacity with trucks. Between fuel cost, increased and unwarranted insurance increases they are KILLING small carriers such as myself. I also heard that Walmart and swift are cutting a huge % of their company drivers and back filling with owner operators. My gut is the insurance and maintenance costs coupled with downed trucks because of the lack of parts makes it hard to make a profit. I hired back a driver that went to a company that had 46 truck fleet and 18 of the trucks were down waiting for parts (3-6 weeks for some longer for others)

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[–] • 1 pt

Investors that were part of the seed round include Bezos Expeditions — the investment arm of Amazon.com CEO Jeff Bezos — Salesforce.com CEO Marc Benioff; Expedia CEO Dara Khosrowshahi; Dropbox CEO Drew Houston; former Starbucks President Howard Behar; KKR CEO Henry Kravis; eBay founder Pierre Omidyar via Omidyar Technology Ventures; and several others.

A regular who's who in the Deep State funded Global Cabalists.

[–] • 1 pt

Exactly - it's the same people everywhere in every system.

[–] • 1 pt

Funny they should see an opportunity when they have crippled the trucking industry with covid and high fuel prices. Classic way to take over an industry. Crush real estate prices then buy up all the real estate and rent it back to the people. In 2030 you'll own nothing and be happy! Doctor evil aka. Klaus Schwab.

[–] • 1 pt

Remind me again who gave the world the internet? (and don't say Al Gore. He gave us the Global Warming Hoax) :)

Knowing what we know now of our government agencies making huge money on patents, military contracts etc...Does anyone think they weren't in on the ground floor of the internet? Those billionaires are all bought and paid for by the Deep State. How do you make people think these are "geniuses?" Control the narrative.

[–] • 1 pt

Those billionaires are all bought and paid for by the Deep State. How do you make people think these are "geniuses?" Control the narrative.

Exactly.