there’s an outfit here that had like 20-30 rigs and that many drivers running all over the u.s. and canada. guy that owned it bragged about all his drivers making well over 100k a year. big maga freak, giant signs and flags along the street in front of his office and shop. he had the most and the biggest signs in town.

fast forward two years…

no tractors. no trailers. wash bays empty. service garage empty. only the occasional car at the office building. the last remaining tractors disappeared a few months ago.

fuckwit still puts up the giant signs and flags.

One of the fundamental issues I have with private corporations is how they seem to think raising prices is going to work indefinitely.

Prices should fluctuate with the market, but they never seem to come back down, at least not significantly. You cannot simply keep raising prices forever to avoid taking a loss, because eventually you are going to incur losses anyway. Nobody is going to buy your product if it becomes too expensive.

Diesel being $6.30 a gallon in America is ostentatious. It may not be completely unreasonable given the circumstances, but that doesn’t make it any less absurd.

And when it comes to petroleum, it doesn’t actually matter that much whether a particular company makes money every single quarter. Somebody is going to step in and sell it at whatever price the market will support, as long as there is demand.

I think we have been conned, as a society, into believing that corporations simply cannot incur losses or they will immediately go out of business. Historically, that has never really been the case. Essential businesses and gargantuan corporations are consistently propped up by governments, investors, and financial institutions because, in many cases, we simply cannot allow them to fail.

We cannot currently function as a modern society without diesel.

So when a company says, essentially, “We have to raise prices because otherwise we’ll lose money,” my response is: Okay. Then lose some money.

Businesses are allowed to have bad years. They are allowed to make less profit. They are even allowed to lose money. The idea that every company must continually increase prices, maintain or increase profit margins, and never meaningfully absorb a loss is not some immutable law of economics. It is a business model.

oh noo, those poor trump lovin’ truckers better start praying for a bailout like the farmers

Some of you may go bankrupt, but it’s price trump is willing for you to pay

You don’t understand Trump is playing 5D chess

I’ll play my tiny violin for the vast majority as Trump voters

This is obviously intentional.
Burn down all business, buy the fuming ashes for cheap.
Ding, monopoly.

Four weeks left till midterms.

I’ll be voting as far left as I can, as I always have. I expect there will be quite a few newcomers doing the same.

I’m grateful to the founders of this country giving states control over elections. That might just save us. Fingers crossed.

Those 16 trucking companies.

That isn’t surprising. Trucking is a razor thin commodity service and any pricing shock will ruin companies.

Doesn’t matter, tech stocks are up, up, UP! Who needs real things when you can have AI?

I’m willing to bet all of the CEOs of those companies voted for this.

Clients postpond contracts and cancel projects, layoffs, can’t import parts, can’t export products with margin, and that’s how businesses cannot function until they get bankrupt

The article doesn’t state what the normal number of bankruptcies is. So we can’t really tell from a single number if this is normal, better or worse.

That’s the POINT. So that the big companies can buy up all the small bankrupt ones.