It's very simple. Diesel has gone up, Rates have gone down. There is still a lot of work available it just isn't paying well. I'm an owner-operator and at least for my business I have reduced the amount of days i run a week. Gonna be a bloodbath for owner ops who have large truck payments soon.
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The deeper into this recession we get, the worse rates will get. The ones who survive will be those in areas of trucking which are a little more protected in a recession and those who own their equipment which at least helps offset some of the fixed costs.
HOS:
Hours Of Service
HOS refers to the logbook hours of service regulations.