I’m an owner and operator, current rates, fuel prices, insurance premiums etc are eating away our earnings. Thanks for bringing this up Valuetainment, we are in recession and we are in need of a better economy and government leaders. Keep up the good work.

As a new truck driver, we get run off the job for not wanting to be surveilled by cab facing cameras very often. I'd rather let America starve and freeze than lose my dignity and morals.

Billionaire wealth has tripled since 2020. But let's not talk about that.

My son works for a major US carrier and things have been slow for about a year. If freight is slow it means the stores are not stocking merchandise

I'm a truck driver an owner/operator small business, just 1 truck at this time. Adam you are completely lickin nuts on this issue. You aren't even close. "It all happens at the rest areas"? That's where us real truck drivers go to avoid "where it all happens" it's a shame this nonsense is your 2 cents!

I work for one of the biggest 3PL logistic companies in the world and we have laid off over 30% of our company in the last 2 years

I saw a truck with a bumper sticker that said, “if you want less trucks on the road, quit buying more shit!” I guess people are taking that seriously.😂

Adam doesn't belong on the panel.

I have a crystal ball, and can tell you accurately what will be the nyt headline tomorrow. "Why having less options as a consumer, and higher prices, makes your life better."

My son is a long haul flatbed driver. Too many rules , never home., crappy food. He told me 80% of truck drivers quit in the first year.

Adam and the other guy need to be quiet most of the time. Adam is making fun of people in that industry. He has no idea what he’s talking about. He lives in such a bubble and can’t imagine anything outside of that little bubble….thank you, Pat for providing information and stopping those 2 doofuses from talking more

In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.

Small businesses are closing doors, can’t make rent or payroll, but everything is fine. Freight recession happens 3-6 months AFTER real recession started, then 2 quarters AFTER recession is announced, it too late. We’re in the middle of a recession now, you’ll not hear about it till December.

The Adam Metaphor: a metaphor that starts off unrelated to the current topic and goes no where to the point you question if it is a comedy bit or just rambling for the sake of rambling…

Word on the street is that PBD is a plant

I’m in the trucking industry and we are getting our ass kicked right now

As a trucker and he industry has been hurting for drivers for a long time. But owner ops are really dropping. The only way to make money in trucking these days for a lot of people. Is to be a company driver. And I’ve been driving since 2017 on and off and I’ve never seen as many immigrant drivers as I have the past few years.

Problem is new trucks now don’t cost $150k, more like $200k for a cookie cutter spec. Reefer trailers cost well over $100k

Panel: Truckers are hurting 4 minutes later: Truckers love those truck stops, bo... These guys really care and would never look down on you 😂

No one can afford anything with the current person in office. 🤷‍♂️

It doesn't help that during COVID era companies were buying equipment at an all-time high cost and startups thinking they could jump in with all the freight, did too. Only to realize it was short-lived until early to mid 2023 when the tables turned in favor of shippers, specific to freight costs. Now we have companies folding left and right in both LTL and FTL.

I work in Heavy Truck Sales and Repos are taking over out lots. People want out of their trucks because they are starving to death. Fuel is way too high and freight rates are so low it’s not worth picking up.

Freight sector is struggling, is a sign that we are on a recession

It's all by design.

In the last year, I worked for the following: 1. Southeastern Freight 2. Yellow Trucking 3. SAIA 4. UPS 5. Ryder/GM The economy sucks!!!

Why does Adam giggle and blush every time Pat says "Picking up loads" ?

I work for the largest LTL carrier as a driver and I can tell you this is the slowest we have been in 15 years. Right now usually is the busiest time a year for us.

I’m a sunglasses retailer around south east almost 13 years . I have locations in Lenox mall and many more I have never seen this bad . I’m losing money some of my locations during the sunglasses season . Scary

Lost my job in July of 23. Burned through all of my emergency savings. Took me about 9 months to find a job at the same pay rate. Completely broke at the moment (except for home equity and Roth IRA, which I refuse to touch). This economy is totally fucked, especially when it takes 9 months to find a job. Who really has the savings to go that long without stable employment? If it wasn’t for assistance from my close family, I wouldn’t have made it through.

I'm in my 60s, college degrees, can't even get a part time job. Savings tapped, credit cards maxed. Looking seriously at bk.

😂does Adam ever re-watch the show, he's say same shit every show

Personal Finance Adam speaks.

"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.

You are fired Adam

Hurts hearing Adam speak

The Russians and Ukrainians coming here are driving trucks. Hundreds of thousands of them the past year alone.

I was talking to my friend, a trucker for twenty years two days ago about getting into trucking and he said this is the absolute best time to get in. Truck prices have fallen by 70% and he believes this is the bottom of the cycle, loads are starting to pick back up and pay more. Like any market cycles they go up and down you just have to have decent timing.

Trump In office ,10.000-12.000 gross ,check 4.100-7.000 ,Biden in office ,3 weeks on the road ,total gross 20.000,total profit 3.500 after everything!

Just have PBD, Tom, and a guest.

We're on our way down right now and it's picking up speed.

We can’t afford shit.

We suffering im at small carrier we fired half the fleet sold the equipment and were all doing everything we can to save money and working max hours to make 35% less with high diesel prices and insane maintenance cost.. pray for us please 🇺🇸

There is not, nor as there ever been, nor could there ever possibly be, a truck driver shortage. The American Trucking Associations (ATA) is a bobby that petitions the government on behalf of their members (trucking companies) to subsidize truck driver training using taxpayer money. This has flooded the market with capacity, driving rates down.

I’m lucky to be with one of the better trucking companies so I’m not feeling the pain. I feel bad for the little guy with 50 trucks trying to compete with the company across the street that has 6,000. This is a tough time for him or her. Personally I don’t see things turning back up for some time. Maybe a miracle can happen but I just don’t know what that would be. We could use one about now

But according to government data the economy is super strong!

I’ve been driving for 14 years it’s been a fight all those years good or bad up or down you have to hustle. Most people have no idea what it’s like to constantly stay moving and fight everything that comes our way. God willing we will keep trucking and make it I’m specialized in oversized and trying to grow and learn. My tip to others do the same if you want to make it. Learn to haul everything. General freight is crap. Brokers are crooks taking all the profits and giving us scraps. It shouldn’t be so. It’s a hunt to find the good ones that know what you go through and take care of you. God bless my fellow drivers if we don’t keep this country moving together.

Consumer spending is NOT slowing down. GDP is way up, and unemployment record lows. If anything it’s the opposite other wise inflation would be coming down. Inflation is literaly when too much cash is exchanging hands too quickly which causes upward price pressure and the CPI monthly has shown that. In fact consumer spending is so high that even high interest rates can’t even slow it down.

The biggest problem with the American trucking industry is government overreach .

dispatcher here with 12 years in the industry I saw the freight recession during obama and it was never this bad. While yes loads weren't paying the overhead cost aside from fuel was reasonable. The difference now is during covid everything went up in price things like insurance, truck parts, mechanics just to name a few and now that the rates are back down none of the things have come down in price so even if you work your ass off have a good couple months the expenses are draining everyone. Thats the part ppl outside the industry don't understand yes rates are slighty higher than there were pre pandemic but the cost of everything to run the truck is so much higher. What was a 200 tire is now 350+, a good mechanic would run you 80 an hour now that's 120-150 an hour its unsustainable.

Not only is there a decline in freight demand, but there are too many trucks in comparison. Therefore, the shippers have the upper hand in negotiating freight prices. The situation will improve for truckers when two things happen: either the demand increases or until enough trucking companies file for bankruptcy to level the playing field.

I’m a 10yr local JB Hunt Truck Driver running in the intermodal division. Freight has been extremely low for the last 2 years. Company has cut pay significantly and expectations have risen sharply; add to it the level of inflation. My pay has been cut by a $1000 dollars a month. We are struggling!

Just last week I was stuck in Illinois for 3 days, because there were no loads on the board.

Consumers are not dumb anymore buying crap they do not need! 😂 Way too many people in this world these days that are not in need 🤷‍♂️

It’s kind of a mix of things in the trucking industry. PPP loans along with everyone else getting free money screwed everything up. Caused trucks to become crazy overvalued. Now with crazy fuel prices and low freight volumes everyone is on a race to the bottom

I was saying this over a year ago. Been in trucking over 33 years when trucking slows the rest of the country is 6 months behind. Over 2000 company drivers lost there jobs in the last 2 weeks because the company went under. Just think of the ones we don't know about. As a o/o I am doing well but I built a team around my business. I take the good the bad and the ugly as long as it pays. As long as I can make a paycheck and a profit I will hual it.

What they should be talking about is if things are slow which means the FED did exactly want it wanted to do. Stop people from spending to much to lower inflation. The worse part is since people are buying less these companies are STILL RAISING PRICES. All this inflation is due to CORPORATE GREED. What we need now is the government to do their job and go after these monopolies. The government is currently suing Amazon. That is a start.

In my area Saia transport just raised the rates 30%. We canceled all shipments with Saia.

I knew when pandemic hit and all the prices went through the roof that it would not come down, why would it if their making more money, they are doing it to themselves, drop the prices where they belong and we would buy more...it seems that simple to me...but what do I know, i just know everything cost way to much these days...

I work as an underwriter for a national commercial trucking insurance company. We are NOT slowing down. New business is at an all time high. The company I work for made over $1B last year in premiums

More great informative content from Adam.

Thanks DEI and AFFIRMATIVE ACTION

I am a truck driver. This blood bath has been going on for well over a year.

With mfrs making robots at an alarming rate, and UVs looking to take over shipping, what are the Humans supposed to do for income, sell organs they don't need?

Damn. There has to be some sort of way for us to increase customer spending

So banks are lending people money who are only working part-time and are making minimum wage? Where is the evidence for this?

I work in the office of a major US truck load carrier as operations personnel... I don't expect to be working here in June.

Wife and I make nearly $200k a year. Walked into Sprouts yesterday and they wanted $10.99 a lb for chicken salad at the deli....walked out....keep it.

The freight market was strong for far too long, so capacity increased. A simple correction in the market would look a lot worse in these conditions than it normally would.

Pawn shops are booming now, everyone is broke

Just wait until the self driving trucks arrive

When load rates were $3.29 per mile and now they average it’s 1.67 a mile and your insurance it’s 1400 to 1700 a month depending on what state fuel prices average from 3.29 to 4.49 per gallon and wether you have a truck payment or not .. Dunno if it’s on the broker side that the rates are low or they are keeping 70 to 80 percent, who knows but it’s getting scary for us small owner operators I handle drayage and it’s the only logistics that’s been floating in a thin line but our rates are dropping as well ..

I am part of the 10 percent of women in trucking this I not an easy job. I appreciate you recognizing and reporting on the topic of the freight industry

If freight is slow, it's because the distribution centers are backed up with products, so companies/ retailers are not creating new orders. Therefore, no one is spending money

My small store changed eighteen monts ago. Same dollars but far less junk sales.

Im not buying anything for a year challange atm, no clothing, sneakers, nothing. Tryin to wear holes before i spend a dime.

the way that dude talked about truckers … he prolly don’t wanna run into one anythime soon

Just got in to the business😂

Biden did that..

Paying a driver, fuel, maintenance and insurance is putting truckers out of business too. It cost me 700.00 just to run a dump truck.

Firefighter: whoa what happened here Trucker: idk, people arent spending like they used to.

Owner operator here out of CA ! ITS BAD !!!! 6 months from truck and trailer paid off though so I can’t quit ! Gotta wait it out for a new president

PBD every long hauler around here in north Alabama I know is either filing chapter 7 or 13 right now 2 of the guys I know have went to work for my father in law at the landfill making 50k less a year. Than when they were hauling

Bad times equals great opportunity. Stay aware folks. Shout out to the channel, content creates millionaires. Thank you 😊

Last year, i made 25k less than 2022 as a company driver. So yes, we are making less and spending less.

Trucking rates east coast to west coast are cheap. West to east pays ok, but rising diesel is a killer

Q When you keep jacking up prices on the poor and middle class. Sales suffer. Businesses close. Lack of demand = lack of 🚚 full loads. Recession and depression follow as its spiraling downward. Logistics Household demand Business demand Jobs Q❤

I’m a truck driver. I can’t even afford 2000$ in bills every month

Don't worry! Mayor Pete will fix this!

Good.

It’s been a rough couple of years started in 2022 last year lost 70k in just diesel one truck everyone I know has their credit card maxed out used up all of their home equity to stay a float and it’s not looking good again this year cheap diesel will help out a lot but this party don’t want a 1099 worker they all want us on w2 jobs more taxes to collect .

Tulsi gabbard is trilateral commison and wef backed.... nuff said.

I’m a truck driver, i get destroyed by this economy, and i need a side job to make my payments

Adam has NO CLUE about trucking, i pull oversize, and flatbed, stepdeck, he has NO CLUE!!! How insulting to us drivers.....

Pat and Tom do a great job the other two? Not so much! 😂🤣

How do we get in touch for consulting advice from pbd if your a business owner??

How much is it due to online sales? And having their own delivery service? Not sure if that’s significant but is that part of the equation?

Just look at your local Dollar General. A lot is missing on the shelves

Very true! When Obama was in Power and Biden now travelling to California you would only see a few trucks on 10. Whew Trump was in Power Trucks and trucks on the road like it never ended. You tell how the economy is by looking at the major freeways.

JB Hunt should try putting their trucks on the train as well along with their drivers 🤣 save more fuel

Let the bleeding continue, let those who got into trucking because of the hype leave the industry.