“In 30 years, I’ve never seen anything like this”: CEO of warehouse operator Pacific Mountain Logistics.
Something has to give.
The fate of the A380 is sealed.
So that U-turn was fast, even for the legendarily cyclical trucking business.
But traffic is up, and these are still the good times.
But freight rates remain red hot.
For the majority, pay has remained flat or has fallen over the past year.
This is a very cyclical business.
But no letup in freight rates yet.
Huge aircraft orders, booming traffic, dozens of upstarts with easy mega-funding, fierce competition, already a big collapse, and allegations of shady business.