The Little People drive all them trucks around. What's that got to do with our congressional masters?
You know, all that stuff that shows up in stores gets there by way of the Restocking Fairies.
Wonder how many people in Washington ever worked a back dock?
The trucks aren’t vanishing and the drivers aren’t going to work as cashiers if they can help it. Not one speck of freight won’t get delivered at the then-prevailing rates — it’ll just be better-capitalized trucking companies that do it after the bankruptcies and repossessions.
As always, infrastructure industry workouts lead to higher rates, as it is the weak hands (like the telecoms and airlines that went in during 2001 and 2002) which have to fold while the strong hands can simply sit their fleets when buyers demand negative-gross-margin rates.