Posted on 12/09/2019 4:20:13 AM PST by devane617
Celadon, a truckload carrier that grossed $1 billion as recently as 2015, will file for bankruptcy on Dec. 11 or earlier, inside sources told leading industry publication FreightWaves on Dec. 6. It's poised to be the largest truckload bankruptcy in history — and its drivers are already getting slammed.
(Excerpt) Read more at yahoo.com ...
Has there ever not been a shortage of OTR drivers?
“”””””Has there ever not been a shortage of OTR drivers?””””
It only gets worse each year. The young people today don’t want to do it. The older drivers have had enough.
I can’t believe how many times I have an OTR driver show up who can’t hardly speak English, can’t find the place, can’t backup etc.
Most of these trucks now have electronic logs so you get shut down when the computer says it is time for a nap.
Local company. The news was reporting yesterday that the owners were being indicted by the Feds for irregularities. Not many specifics, but it looks like the owners were cooking the books or something.
Democrat dirtbags have DOUBLED the price of a Semi truck, with useless environmental junk, via California regulations mandated to the USA.
Trucking is less profitable due to buying truck junk. Democrats hate business.
Big Trucking, like Celedon, lobby for Big Regulation to destroy their competition, but they destroyed themselves instead.
Trump has done the unthinkable and is reversing some of these bad regulations.
>>>In 2018 there was an over a year wait to buy a new truck.
They have worked through the backlog and orders are way down. Cummins and Freightliner are beginning layoffs.
https://www.wsj.com/articles/heavy-duty-truck-orders-wane-as-industrial-demand-declines-11575480925
Something stinks here.
A friend of mine is a CPA and one of his clients is an independent owner/driver who makes over $200K per year. He wants to retire and sell his business but can’t find a buyer.
“This is kind of shocking to me. I thought those guy were doing ok with the current economy.”
Article mentions Amazon logistics as a factor. In other words Amazon wants the trucking companies to deliver for chump change.
Would your spouse and children be okay with you coming home once every 6 weeks?
Trucking is ANTI FAMILY.
The GREAT REPLACEMENT is dumping import dark Somalis to replace American drivers. Honestly, they smell like sh*t because some are culturally used to wiping with their hand.
Not really shocking, imo. The trucking industry is being taken over by non-English speakers who work cutthroat rates and are prepared to have three people live in the truck so the truck can be kept running 24/7 with no breaks,but still compliant with labour laws.
Does any of the recently pervasive independent shipping vans and trucks eat into the trucking business...e.g., Amazon drivers?
Gummit regulations have made it impossible for truckers to make a living. They are only allowed to work 8 hours a day including loading time which limits their drive time.
Thank you Barak.
My 20 year old son just started driving. Due to DOT rules, he must stay in state which made it difficult to find his first job.
He did 50,000 miles last year in straight trucks and just moved in to semi’s delivering lumber for a framing contractor.
Truckers are paid by the mile not by the hour. No miles ... no pay.
The truckers channel is discussing this issue a lot. WLW 700 in Cinn OH Midnight to five am
The truckers channel is discussing this issue a lot. WLW 700 in Cinn OH Midnight to five am
Democrat dirtbags have DOUBLED the price of a Semi truck, with useless environmental junk, via California regulations mandated to the USA.
Not only that but new tractor are far less reliable and harder to repair. I see lots left on the side of the road because they won’t “regen” or canbus issues put them down. That and it takes a higher level tech to diagnose and repair them and those guys are in short supply.
Drivers do NOT make over $200k per year.
That is REVENUE not Net, not take home.
Try $40k.
Liars and bullsh*tters like that is why he cannot find a driver to buy his business. It is a business full of lies. There are numerous disgrunted business owners.
Quit lying, quit deceiving, quit rigging, quit regulating, trucking is a ruined industry. A few survive, many get reamed. I have seen many drivers get destroyed by lies. The anger and hate on their face, is the current state of trucking. It is not a free enterprise industry of old. It is an industry of corruption. I have seen the driver’s hate many times. Corruption creates hate.
Trucking is full of scams, liars, out of control costs, split loads, cheap bids, mass regulation, foreign cheap drivers. Run away from trucking, don’t just walk away, it is not the independent business of old times. It is rigged and manipulated.
Government taxes drivers and gives the bailout to Big Trucking. How do you win in a rigged industry?
Drivers take home average only $42k per year for being gone months at a time.
There are plenty of drivers in trucking through mass immigration with foreigners willing to work at half pay under bad conditions.
Too many drivers, just hire foreigners.
The gordian knot of state and federal regulations on over-the-road hauling are a nightmare. And they are expensive. When you see them up close you wonder if the government’s goal is to put the trucking industry out of business.
I’d say you’re not happy with trucking.
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