Recession Effect?

Any drivers here who drove through previous recessions? How did it affect you getting steady loads and stuff?

Also, what do ya think of this recession coming up?

Safe, on time drivers rarely feel the effects. Do your job and you will get miles. A slight dip is normal, but it won't be a devastating "let me get out of trucking" feeling ... Unless you suck. COVID hit some trucking companies badly... But the drivers moved onto other companies. Some owner ops parked their trucks....

Freight will always change. Great drivers will still haul it. Be great.

We’re already pretty much in a recession since we’ve had two consecutive quarters of negative gdp growth. So far I’m on pace to make 90k this year. I’ve been busier than ever.

I'll make more money this year. Unfortunately it will only be valued at 2/3 what it was two years ago.

Strange, because here in the Philippines, they keep talking how strong the dollar is, so their pesos have hit an all time high of 58.75 to 1 dollar....Projecting it could surpass 60 to 1 by or before the end of this year. More buying power here for sure, my 1st time here in 2016 it was like 48 to 1. Somethings here of course have went higher but not by much. Gasoline dropped from almost 90 pesos per LITER, to 72/74 liter, for Premium gas, diesel is just at or under a bit at 90 per liter.

My Suzuki Vitara 4x4 gas gauge is inop, so everytime am near gas station I fill/top up, Wednesday, I paid 666.63 pesos for gas lol told guy, that's way too many 6's

We have definitely seen the effects of what’s going on in the country right now. Gasoline sales are waaaay down compared to previous years. We haven’t been moving nearly as much product and have been trouble finding diesel at the terminals. The suppliers are playing their games and shipping it other places to make more money so the allocations are low around here. Gas is under $3/gal right now… why sell it here when they can ship it up north where it’s still expensive? We are down 6 drivers right now and it’s actually slow enough that it really hasn’t affected our day to day operations that I’ve seen.

We have definitely seen the effects of what’s going on in the country right now. Gasoline sales are waaaay down compared to previous years. We haven’t been moving nearly as much product and have been trouble finding diesel at the terminals. The suppliers are playing their games and shipping it other places to make more money so the allocations are low around here. Gas is under $3/gal right now… why sell it here when they can ship it up north where it’s still expensive? We are down 6 drivers right now and it’s actually slow enough that it really hasn’t affected our day to day operations that I’ve seen.

Fuel prices will definitely go up again soon as our current administration decided it was a good idea to use the strategic oil reserves to lower fuel prices as a political ploy right before the midterms. Unfortunately, they also stymied domestic oil production so building the reserves back up will require purchasing abroad at an elevated price.

Can we just fire all those people?

We’re already pretty much in a recession since we’ve had two consecutive quarters of negative gdp growth. So far I’m on pace to make 90k this year. I’ve been busier than ever.

The Fed Reserve in Atlanta already released a negative for Q3 as well. Harry Dent had a pretty good take on this in his recent update, as well as Robert Kiosaki.

My first 12 months as a solo driver, I made $85,000 after bonuses and all. I am looking at making at least that, possibly exceeding $90,000 my second 12 months. Just offering more perspective.

My first 12 months as a solo driver, I made $85,000 after bonuses and all. I am looking at making at least that, possibly exceeding $90,000 my second 12 months. Just offering more perspective.

You ran hard, you ran long. O/S and G'Town shared sames.

It's possible, and probable. A testament to stay with your starter company/first company/training company and kick butt.

Pretty much the mantra of Trucking Truth; good for you!!

~ Anne ~