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Alone on the Open Road: Truckers Feel Like Throwaway People

By Blurtman following x   2017 May 28, 8:07am 488 views   2 comments   watch   sfw   quote     share    

Still, trucking continues to draw plenty of newcomers, reflecting the lack of good alternatives for workers without a higher education (one survey found that 17 percent of truckers had less than a high school diploma). Some have lost better-paying manufacturing jobs in the continuing deindustrialization of America. Others have spent years knocking on the door of the middle class in minimum-wage jobs in fast food or retail. To them, trucking is a step up.
‘It’s Pretty Lonely’

Wayne McLaurin, 46, St. Louis. Driving five years.

I was a customer service rep in St. Louis. When the recession hit, there was no jobs to be found. The only thing that was in the newspaper at that time was nursing and truck driving. Within five weeks, you can be on the road and have a career. I’ve been doing it ever since.
Freedom. Oh My God, I Cannot Tell You.’

Daniel McMillan, 33, and Susan Zimmerman, 48, Danville, Va. Driving two years.

Susan: We met working at McDonald’s. Trucking was my dream first. I raised my daughter and she was going to college, I needed to better myself. Working for McDonald’s for 10 years, trying to raise your child on a McDonald’s wage, you could only rely on tax season to get her stuff. Daniel encouraged me to go get my C.D.L.



1   Kakistocracy   ignore (1)   2019 Feb 7, 6:02pm   ↑ like (0)   ↓ dislike (1)   quote   flag        

Phenomenal Trucking Boom Ends, Trucking Bust Starts - That U-turn was fast, even for the legendarily cyclical trucking business.

In January, orders for Class-8 trucks — the heavy trucks that haul trailers with goods of all kinds across the US — plunged by 58% from a year ago, to just 15,642 orders. It was the lowest number or orders since October 2016, toward the end of the “transportation recession” when Class-8 truck orders had plunged to the lowest levels since 2009, and truck and engine manufacturers responded with layoffs.

The chart below shows the percent change of Class-8 truck orders for each month compared to the same month a year earlier, which eliminates the effects of seasonality. The year-over-year plunges in December and January are on par with happened during the last transportation recession (data via transportation data provider FTR):

It was, however, a predictable U-Turn. Following the August 2018 data, I asked at the time, When will the biggest-ever boom end? And I cautioned that this boom could not go on like this. A month later, with the September data, I provided the answer: Signs that the Trucking Boom Has Peaked. And I added in the subtitle, “This is why the trucking business is so cyclical – and you can see it coming.”

So what does this mean?

We have already seen that freight shipment volume across all modes of transportation – truck, rail, air, and barge – in December had declined a tad from a year earlier, according to the Cass Freight Index. The index covers shipments of merchandise for the consumer and industrial economy but does not include bulk commodities, such as grains or chemicals. It was the first year-over-year decline since the transportation recession of 2015 and 2016 — and trucking companies have seen this coming for months:

More to read, ore charts etc.: https://wolfstreet.com/2019/02/06/trucking-boom-turns-to-trucking-bust/
2   MrMagic   ignore (10)   2019 Feb 7, 8:09pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Kakistocracy says

Amazing stuff the last two years...

Kakistocracy says
So what does this mean?

It means Trump took the truck DEPRESSION caused by Obama and turned it into a two year BOOM for the trucking industry. Thank God Obama is gone!!

What other questions can I help you with?

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