I told you guys before when I was still driving that the economy is gonna die because of Trump's tarrifs..
Its happening.. the spot market for freight is now 36% lower than it was in 2018. That's the difference in the average load paying $2.11 per mile or $1.36/mile..
Ask yourself, how many businesses can survive a straight up 36% in their income while still preforming the same work with the same bills..
The carrier I was leased under was one of the 10 biggest in the country. They have completely stopped hiring drivers in FL, GA, CA, OR and WA because those are all areas hard to get loads out of.
We are talking a company that in 2018 was bringing in 100-150 drivers in a week to train with probably 50 of those being in a truck at the end of 3-4 months. (Very high churn)
They were hiring like that week after week in 2017-2018 and now they've dropped those numbers to maybe 30 new drivers a week being brought in for training.
..
Anyway, read this if you want some incite on where the economy is going because the freight market is always the carnie in the coal mine..
https://www.freightwaves.com/news/co...get-bloody/amp
Starting earlier this month, it appeared that the spring surge might deliver quality results in the second quarter. Volumes had been moving up since early April, showing a muted, but promising trend for the quarter. That all changed on May 9. On that day, the U.S. accelerated tariffs on Chinese imports, forcing importers to reconsider their supply chains. Port volumes have been driving the freight market for the past year, but that appears to be over.
https://www.freightwaves.com/news/co...get-bloody/amp