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.
That that breakfast burrito that last year was 5.50 a pop. THis week it was 7 bucks. Pop? THe large went from 3 buck to 3.75-4 bucks. We are talking movie theater prices here...
Everywhere things are up... Gas hits us hard. But imagine a carnival that has to run those diesel generators..
ITS going to be an ugly year.