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Trucking Stocks Massacred After Target Warns Of $1 Billion In Incremental Freight Costs
1 posted on 05/18/2022 5:21:18 PM PDT by blam
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To: blam

A friend of mine is a diesel mechanic. I was talking with him a few minutes ago when I ran into him while walking my dog, and he said his company is preparing for the impact. He is still a couple years away from retirement.


2 posted on 05/18/2022 5:31:05 PM PDT by ought-six (Multiculturalism is national suicide, and political correctness is the cyanide capsule. )
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To: blam

Bkmk


3 posted on 05/18/2022 5:36:06 PM PDT by sauropod ("We put all our politicians in prison as soon as they are elected. Don’t you?" Why? "It saves time.”)
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To: blam

Things are crumbling by the day. Remember when diesel was a lot cheaper than gasoline. What happened? Thankful to live near Amish and local farms. Shuddering to think what heating the home will be this winter. I feel badly for the truckers, especially independents. Holding on but future is jot so bright right at the moment...


4 posted on 05/18/2022 5:37:36 PM PDT by SueRae (An administration like no other.)
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To: blam

Wait until there are shortages.


5 posted on 05/18/2022 5:55:45 PM PDT by Aut Pax Aut Bellum (What did Socialists use before candles? Electricity)
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To: blam

Is diesel still being exported to Europe?


6 posted on 05/18/2022 5:56:17 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: blam
As planned, I suppose.

Not just hard times, deliberate war.

13 posted on 05/18/2022 7:16:24 PM PDT by Salman (It's not a "slippery slope" if it was part of the program all along. )
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To: blam

US Express, one of the largest US trucking companies, just announced a 5% layoff of their management. More will follow.

Here’s the issue: Big trucks get maybe 6 miles per gallon. With $6 per gallon diesel, it costs a dollar per mile just for fuel. Add all the other costs in, the break even point for truckers is about $3 per mile to haul. Spot rates (what truckers get paid to haul) have been falling the past couple months and are about $2.50 per mile and continue to drop. Truckers are losing money every mile they drive.

Another Xiden disaster.


15 posted on 05/18/2022 7:20:36 PM PDT by Newtoidaho (All I ask of living is to have no chains on me.)
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To: blam

And the child groper is just getting started. We haven’t yet become close to feel the true pain he wants to bring on we disobedient serfs. It was 2.50 a gallon pre child sniffer in NW Oregon, Now, 6.60 a gallon. NO ONE should believe, for one second, that this is not planned by this disgusting administration.


22 posted on 05/18/2022 8:42:37 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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