re: At least 16 American trucking companies have filed for bankruptcy in the last 30 days

During Obama’s tenure when his administration took action across the board to drive out carriers and brokers 25k carriers and brokers closed shop. I was one of them forced out after being in business 38 years.

If diesel costs is the complaint then I’ll go with bullshite. Regardless what the price of diesel is rates and fuel surcharges move accordingly. Customers not paying bills would create a huge problem, shortage of drivers could cause lack of income to cover costs or any other number of things but fuel costs isn’t the outright problem

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It's the diesel costs you retard

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Should make powerbottom hard. Think of the economic incentive to move to a Tesla semi fleet asap.

Oh shite. But that would make that evil musk man richer… shite. The moral conundrums powerbottom finds himself in.

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Historically, the industry averages between 15 and 25 formal bankruptcy filings per month (roughly 180 to 300 per year) for mid-to-large-sized fleets. However, when including small owner-operators who simply shut down, revoke their DOT authority, or go out of business without formal bankruptcy, the number jumps drastically to an average of 3,000 to 6,000 company exits per year. [1, 2, 3, 4]

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more historical facts

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Powerman

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good, let true patriots like musk feast with tesla trucking. tired of the socialist truckers trying to shut down progress

There’s a bunch of “fuel surcharge “ lines on many invoices
They’re passing it on
Kinda like “corporations don’t pay taxes” bs

He ran off to the comfort of a different thread that he could make dubious claims of OMB's cognitive decline (yet another failed attempt to espouse his TDS).

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And it’s only affected 16 companies? There’s over 2 million transportation companies in the United States.

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What kind of question is that? It could be affecting every company, but not every company is equally close to bankruptcy.