Guno צְבִי (08-15-2019)
Guno צְבִי (08-15-2019)
Phantasmal (08-15-2019)
Phantasmal (08-15-2019), PoliTalker (08-15-2019)
Glad we have no CC debt , houses paid off, cars paid off , no other debt , out of the stock market, I have noticed in the last month that aircraft and the auto industry supply chain (which most of my business is with in contracting) is slowing down . may be worse than 2008
poor uneducated rubes will fell the sting the most
MAGA!
“If we have to have a choice between being dead and pitied, and being alive with a bad image, we’d rather be alive and have the bad image.”
— Golda Meir
Zionism is the movement for the self-determination and statehood for the Jewish people in their ancestral homeland, the land of Israel.
“If Hamas put down their weapons, there would be no more violence. If the Jews put down their weapons, there would be no Israel."
ברוך השם
The 'bloodbath' in America's trucking industry has officially spilled over to the rest of the economy
Truckers have for months been sounding the alarm about a "bloodbath" in their $800 billion industry.
This year alone, some 2,500 truck drivers have lost their jobs as trucking companies large and small declare bankruptcy. Major carriers like J.B. Hunt, Knight-Swift, and Schneider have been forced to cut their annual outlooks.
A slew of other indicators have underlined turmoil in trucking. Transport research groups reported that the volume of trucks purchased in July fell to its lowest level in nearly 10 years. Rates in the spot market tumbled by 37% this July from July 2018. And the Cass Freight Index says year-over-year trucking volumes have slipped for eight consecutive months.
https://www.businessinsider.com/truc...d-yield-2019-8
what say you trucker rubes?
“If we have to have a choice between being dead and pitied, and being alive with a bad image, we’d rather be alive and have the bad image.”
— Golda Meir
Zionism is the movement for the self-determination and statehood for the Jewish people in their ancestral homeland, the land of Israel.
“If Hamas put down their weapons, there would be no more violence. If the Jews put down their weapons, there would be no Israel."
ברוך השם
PoliTalker (08-15-2019)
Cancel 2020.2 (08-19-2019), Truth Detector (08-21-2019)
Hello guno,
"When the rest of America is headed for a downturn, freight usually dips first, a new report from Convoy's economic research division said. The industry went into a recession in April 2006, more than a year before the rest of the economy was clobbered by the Great Recession, starting in January 2008.
Rail and air cargo are also suffering. Air freight has declined year-over-year for eight consecutive months, according to the International Air Transport Association. The IATA head has said the China-US trade war is dragging down business.
And in rail, industry leaders agree that President Donald Trump's trade war is wreaking havoc on the industry. "
Wow. That doesn't sound good.
We've got the inverted bond curve, trucking, rail and air cargo all down, indices dropping all over the world, and the extreme volatility of the market. These are not very good economic indicators!
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
Another article on the downturn in freight:
https://www.freightwaves.com/news/ac...in-a-recession
ETA: My oldest daughter works for UPS freight; she said that things have been very slow this year to date.
"Conservatism is the blind and fear-filled worship of dead radicals." -- Mark Twain
Hello ThatOwlWoman,
Well, one thing we know is there are fewer shipments of coal. That has got to impact the rail industry. One mine is not shipping any coal at all. You may recall the Harlan County coal mine that shut down abruptly and stiffed the coal miners for their pay. They wisely took up residence on the train tracks blocking a million dollar trainload of coal. And they are still there:
Trump Lied Again: Coal Train Will Not Roll Until Miners Made Whole. "No Pay We Stay."
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
Phantasmal (08-21-2019)
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