So you guys are basically just breaking even for now?
That’s about the size of it.
Right now, we are getting a fuel surcharge but still it doesn’t cover the entire 47% increase in fuel costs since 2006.
Breaking even means there’s no room for growth, no profits for updating equipment or expansion. (There really is a crunch in capital markets. Banks -REAL BANKS- are reluctant to make loans because of the recent defaults on equipment. It’s difficult for start ups.)
Other trucking companies are pulling out and there is opportunity there to expand.