Prolonging the downturn of for-hire truckers is the growth of private fleets, such as Walmart’s and Amazon’s which eat into their share.
“All workers and employers should take note of our experience with the International Brotherhood of Teamsters and worry.”
Executive officers, directors, and Teamsters benefited from the bailout. So get it over with, finally.
But freight rates only unwound one-third of Pandemic Spike.
Inflation in goods normalized, but has exploded in services where there are no supply chain issues.
BART was already “facing a fiscal cliff” after working from home and driving to work caused revenues to collapse.
Three tidbits with charts from the Transportation Statistics Annual Report 2022.
Freight volume is down from the red-hot levels last year, but remains relatively high, after the grotesquely overstimulated demand last year.
Scaring legacy automakers into finally producing electric cargo vans is like pulling teeth.
Supply chains improve from catastrophically stressed to just very stressed.