BANKRUPTCIES Galore! Is Anyone Safe in Trucking?

BANKRUPTCIES Galore! Is Anyone Safe in Trucking?
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Unfortunately, we are BACK reporting on more closures in our industry that occurred over the weekend. Arnold Transportation and Raven Transport Co of Jacksonville, Florida both closed their doors, leaving dozens of drivers without work.
This is a trend that is becoming all too common in our industry, and we are sad to see it. Again, we want to bring you the latest news on what’s been happening in trucking and spread awareness so others can recognize the signs of a sinking ship, and get out before it’s too late.
Is there anything we missed from these two updates? Do you feel like your job as a driver is in jeopardy as this trend continues to touch more companies?
Let us know in the comments below!
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Chapters📚:
00:00 BANKRUPTCIES in trucking today
00:10 Arnold Transportation and Raven Transport Holding NEWS
00:20 92 year old trucking company goes under
00:45 Arnold Transportation bankruptcy companies fall out
01:51 How to avoid bankruptcy in trucking today
02:24 Truckers get NO warning before layoffs
03:15 RAVEN transport bankruptcy update
03:31 3 main causes of bankruptcy in trucking 2024
04:35 JOIN ET Transport's membership program
04:49 ET Transport Online Dispatch Course
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#truckingbankruptcies #truckingnews #truckingjobs
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[@jaybartgis5148]

2:02 as my father told me when I was a kid. "You make more money selling pans, than you do panning for gold."

[@NorthAmerican-Trucking-News]

That's a pretty interesting analogy!

[@Tiggah2014]

Years ago I was asked by an older truck driver " Do you know how to make a million dollars as a truck driver"? He said " start with 2 million and if you work really, really hard you will eventually get there". Wise words indeed.

[@JasonSmith-vd1sz]

The only money to made in trucking is to sell trucks or to work on trucks and that’s it.

[@NorthAmerican-Trucking-News]

Or to broker loads for trucks

[@michaelgillespie6850]

Bad times people really need to be prepared for some really hard times still to come, great show

[@NorthAmerican-Trucking-News]

If these aren't hard times already, I pale imagining what's to come

[@ronaldgalimore1013]

Trucking ain't about nothing anymore. Drivers pay 2500 to take a CDL class to become a professional driver but get paid CRUMBS.

[@friendofvinnie]

Not in Canada it's 18000 and a 8 month course minimum

[@friendofvinnie]

Not in Canada it's 18000 $ and 8 months course minimum

[@friendofvinnie]

My comments are deleted?

[@Adam-Woods]

@@friendofvinnieGood, because you’re lying. The price and how long it take you to complete your hours vary.

[@jugaloking69dope58]

@@friendofvinnie yup reason you need to make sure its a hourly trucking job or your east Indian. lots of constrution driving jobs here in vancouver bc. (concrete)

[@goldie1702]

Where is all the KZbinrs that was bragging and talking about how much you can make driving trucks.

[@NorthAmerican-Trucking-News]

Haha....

[@JIL2023]

They are busy returning their pickup trucks back to the dealer and moving in their mamas basement

[@lasallelopez2889]

I know

[@spunas1]

As a driver, dispatching was like being a professional liar at times. I enjoy having a conscience. I sleep well, but not so sure I could dispatching.

[@NorthAmerican-Trucking-News]

Haha, we all face our own challenges in this industry

[@amelmelez1969]

If this was happening somewhere in Europe, there would be mass protests but here, nope, let’s just keep driving for free. Gets worse and worse as weeks go by.

[@NorthAmerican-Trucking-News]

I've always wondered why protests don't happen anymore

[@greyfox79007]

@@NorthAmerican-Trucking-News what happened to the rail unions is why. President can step in and things get dirty.

[@nobrkt]

there ARE protests the US... but there's one catch.. those are pro-palestine protests, lol.

[@Rocky.vs.]

Exactly.

[@jefflangley5454]

Foreigner brokers are killing the rates. That’s what’s hurting the industry. Along with greedy brokers.

[@issacespinoza5498]

Keep blaming brokers, get over it those companies had contracts directly from their customers.

[@Mr-gw7fe]

During covid truckers held shippers captive , now shippers are holding truckers captive for lost profits, its only fair

[@Invertmini1212]

Its not just brokers.... Have you looked at what customers are paying? They got shafted during covid with rates so they're cutting back heavily...

[@scottpratson7766]

@@Mr-gw7fe I didn't get any special rates during covid

[@issacespinoza5498]

@Invertmini1212 I work directly with a customer pays me $3600 from laredo tx to Phoenix az a broker is paying $1500 -$1700 same load so do your math.

[@Artur_Khazin]

I personally think it's a much deeper problem than just transportation companies going out of business. It's a tanking economy in the US and Canada is a real issue. There are two paper mills in Canada that just went out of business Domtar Espanola, Ontario and Abitibi Iroquois Falls , Ontario. Thousands of people not only lost their jobs, they've lost their homes.

[@RomeoUrsu-fy9qo]

Not long ago,Canadian Government was pumping money into Canadian paper mills to kill American paper industry in ME for example…and they succeeded. I guess money went dry in Canada too…

[@jdcjdc1993]

Finally a intelligent answer, most are crying that it's all foreigners, but fail to realize it's happening in all sectors in a global scale.

[@tylerd5590]

Paper business in a digital age?

[@RomeoUrsu-fy9qo]

@@tylerd5590 Sorry..I can’t wipe anything with digital stuff 😂😂😂😂 But maybe some people does….

[@NorthAmerican-Trucking-News]

Oh, 100% yes. Trucking is just one of many industries being impacted by an economic crisis

[@pauliefromphilly]

Stop taking the cheap rates. Even with illegals driving for pennies, there are cost that can't be covered for $1.50 a mile

[@nobrkt]

i wish it was that easy

[@andremorissette6896]

💯

[@samorezab]

1.5 per mile?? I would say around 2 dollars would be very reasonable. Truck payment is around 5000 now. And all repairs prices are very high. 2 dollars at least and up for special goods like hazmat and oversized

[@georgek.5817]

No. I said it and will say it again and again. The Trucking Industry in America is the most competitive of any industry in the world, as crazy as that may sound. The AI revolution is already here. Gas and pedal for an 18-wheeler. All skill has been removed. Any clown coming into the country can do it for a living and they do. Competition is immense, on top of that it is an utterly free market industry as if the fed is experimenting on it, nothing is controlled, nothing, completely free market which means marginal cost of service falls to zero and in many cases you lose money on a load, all owner ops do. Tik tok which I care not for gets banned to protect youtube shorts or Alphabet Inc. Google, it’s called corporative protectionism. All free market in trucking folks, sheer jungle.

[@NorthAmerican-Trucking-News]

But simply stopping won't resolve the issue. We need to ensure that those rates simply don't exist. If we simply remove ourselves from the occasion, it simply means we no longer work, while others are continuing to work these low rates. Maybe something like placing legal enforcements on the minimum rate per mile that loads are allowed to be given for? Or a universal strike until rates go up across the board?

[@jerviswilliams6739]

Yes I am a former arnold driver that got let go , and signs were there when pride acquired the company!!😡

[@tylerd5590]

Would you ever drive your own truck?

[@jerviswilliams6739]

@tylerd5590 I did at one point , but because of an illness went back in a company truck !

[@NorthAmerican-Trucking-News]

Sorry to hear that you got caught up in all of that

[@grimreape513]

I too was an arnold driver. Almost the day that pride logistics bought our company out you could tell the writing was on the wall. I was one of their first drivers on the reefer division when we got introduced to it and the management underneath pride was so absolutely awful that after a year and a 1/2 I transferred back to becoming a dry van. When pride learned I wanted to transfer back they cut my miles down to nearly 1200 a week. This went on for about six weeks before I finally got back to the terminal to go to apply for dry van. I get pulled into the office and told I am being terminated. Reason: Low mileage Good riddance.

[@georgek.5817]

No. I said it and will say it again and again. The Trucking Industry in America is the most competitive of any industry in the world, as crazy as that may sound. The AI revolution is already here. Gas and pedal for an 18-wheeler. All skill has been removed. Any clown coming into the country can do it for a living and they do. Competition is immense, on top of that it is an utterly free market industry as if the fed is experimenting on it, nothing is controlled, nothing, completely free market which means marginal cost of service falls to zero and in many cases you lose money on a load, all owner ops do. Tik tok which I care not for gets banned to protect youtube shorts or Alphabet Inc. Google, it’s called corporative protectionism. All free market in trucking folks, sheer jungle.

[@RobertHarris-zv4zk]

I don’t feel bad for them big fleets. Prime example of what happens when you Drive down the Rates and try’s to force the small guys out

[@NorthAmerican-Trucking-News]

They drove the rates down to win the competition and now everyone thinks that this is what the rates should be

[@robertovillalon2841]

Thanks!

[@NorthAmerican-Trucking-News]

Thanks for watching

[@JJ-vp7qb]

I'm in trucking. Been in it for years. Saw it went from good to somewhat and when the country open up to immigrants it went to trash. America is a joke with its citizens and trucking is a joke as well. Do what you can do to survive that's all I can say.

[@marchanneman6580]

It's not immigrants. It's the greedy brokers selling loads to 2-3 other brokers and then to the truck. If you want to blame anyone It's the greed due to corporations gouging the business

[@haythamthabit42]

Hey Ronan once again great video, thanks for being one of the few channels that share real-time trucking news and updates!

[@NorthAmerican-Trucking-News]

Thanks for watching!

[@sammyus2016]

KLM in Chicago area with 100+ trucks and 100+ next. They already removed their company from google and drivers keep driving without pay for 4 weeks

[@namelessless9055]

Who is the owner?

[@scottpratson7766]

@@namelessless9055 KLLM?????

[@NightowlTrucking]

@@scottpratson7766 - I think KLLM has more than 100 trucks.

[@NorthAmerican-Trucking-News]

Interesting....

[@mrsulaiman19]

KLM, they are polish guys that do cross dock. Shady business.

[@jmendozas197]

This is actually sad to see. Hope the laid off drivers find employment quickly @ another company.

[@NorthAmerican-Trucking-News]

One can only hope

[@dknowles60]

not much hope but i hope they can get lucky

[@johnwolf1475]

WHY JOING DISPATCH COURSE WHEN THERE IS NOTHING TO DISPATCH?

[@charron1]

Because Ronen is diversifying the business from Trucking to Training

[@epnazlou]

diversifying . . .

[@NorthAmerican-Trucking-News]

Drivers are also free to learn how to dispatch themselves and not rely on companies and brokers. If all drivers learned how to dispatch themselves, brokers would no longer be needed no?

[@robc2821]

Wondering how many guys at the 75 chrome shop truck show will stay in business ha they all think that trucking is great !!

[@NorthAmerican-Trucking-News]

I mean it could be in the long run... they should probably wait this one out though

[@Austin.8150]

Video on kllm transport? They downsize

[@NorthAmerican-Trucking-News]

We've received a few reports on this! Thanks for bringing it to our attention

[@victormejia512]

Now that's news

[@kenfreed614]

How many of the companies that have gone bankrupt were strictly or almost strictly full load carriers? LTL is much more difficult but think it allows for more opportunities for efficiency.

[@jeffreycairns767]

As well as much higher rates

[@NorthAmerican-Trucking-News]

That's a great question

[@gregorystewart6539]

I watched all of the Berkshire Hathaway AGM on Saturday. Buffett is selling stocks for both tax losses and substantial gains that will be taxed at 21% currently. He says taxes on gains are going up bigly maybe to 45% and soon. More importantly, he holds about USD$190 billion cash and that is invested in risk-free short-term US treasuries at 5.20% and that is very important. Yes, he has cash ready to deploy BUT he also knows that when these short rates finally collapse that will be a sure marker for an economic downturn. At that moment he goes on alert for distressed assets. Now, he waits. And he gets paid. My thinking is that with very high and growing cash holdings he is expecting a Biblical economic flood scenario. That is what it looks like to me. The economy is already heading down. Truck Transportation is dead canary sending a message!!

[@dproulx222]

Canadian here.... I own BRK-B (40%) Vanguard S&P 500 (40%) SHLD (20%) Defense ETF = high MER .50% Plenty of trucking companies going broke in Canada too. I just passed my air brake course at the registry today. My instructor told me that owner operators on his street are mostly working 3 days a week. Not much work available... Cost of living is through the roof..... My biggest concern at the moment is for Liberal Democracies to assist Ukraine in kicking the ruSSians from the occupied territories... Hold on - its gonna be a wild ride - as its always been. There's always a crisis right around the corner. Peace

[@gregorystewart6539]

@@dproulx222 There is much more going on here than you might imagine. That is to say... in the Ukraine. You will find several recent interviews with Martin Armstrong. Watch them. He will educate you on global affairs. Putin is a Master Statesman. Biden is a sock puppet. Kiev has been waging War in the Donbass since 2014. That is Russian territory. Look at a map. Armstrong is the Gold Standard for understanding what is happening. Socrates is his AI that tracks everything. I subscribe but the cheap version at $20 per month. I am Canadian too. It is a very expensive privilege to live in this Country!!! FJB and Trudeau too. Idiots. Imbeciles.

[@richcherwalk6349]

Taxes on capital gains should go way up, it’s unearned income. A society can only afford to pay compound interest on rich people’s savings for so long before the country collapses. Important to always remember that money doesn’t grow an economy, labor creates all productivity, interest payments steal the wealth from workers.

[@NorthAmerican-Trucking-News]

Thanks for sharing! This is some interesting stuff!

[@hawkeyetec]

Denial of the session we're actually in... things are dropping, and the networks aren't covering.....

[@NorthAmerican-Trucking-News]

True that

[@davidroberts6594]

Its all about the economy. People stop buying products, those products dont get shipped. 2020/21 gov says stay home and here is some free money to spend so they ordered lots of stuff, demand for shipping those goods were way up. Now it all fizzeled out, people dont have money to spend= less buying, less shipping. Not to mention the many people who came here to drive on work Visas saturated the market also. Too many trucks and too many drivers with dying demand= cheap rates, plus rising insurance and diesel fuel= a recipe for failure.

[@NorthAmerican-Trucking-News]

Spot on!

[@haythamthabit42]

Absolutely spot on with the current circumstances

[@truckingwithcliff]

2500 is a bargain I know some schools charging close to 10k

[@RomeoUrsu-fy9qo]

Probably $2500 to drive a car 😂😂😂😂

[@willneumann5992]

Here in BC it’s at least $15,000 to get your CDL

[@varqtube]

I'm enrolled in CDS in Chester, VA and they're charging $6k.

[@6lemans10]

​@@varqtubeI attended CDS at the end of 2021.

[@NorthAmerican-Trucking-News]

Yuppppp

[@josemigueljr]

Its a good year for those of us with paid off trucks. 👍

[@NorthAmerican-Trucking-News]

If they run frequent enough to maintain it or are able to maintain said truck all on their own

[@devotime1]

Ppl are struggling everywhere not just trucking, even if your a company driver you still struggling with your bills..

[@NorthAmerican-Trucking-News]

I heard local doing great though

[@jeffreycairns767]

Pride is still operating alot of trucks/trailers. Day cabs, bunks and LCV's, daily. Im currently stopped at the Trenton service centre and passed atleast 5 Pride trucks, including 2 LCV's.

[@NorthAmerican-Trucking-News]

Hmmmm

[@Nihil2005]

A lot of financial experts say a full economic recession is coming in this year.

[@ssingh8166]

Alot of experts also say it might rain tomorrow & some say it wont rain…

[@NorthAmerican-Trucking-News]

It would be surprising if it didn't, the economy has been spiraling to the bottom for a while now

[@pointnIaugh]

On 5/7 at around 2AM I saw a Raven truck in Georgia on I.75 heading towards Florida. Probably his last load. Day cab.

[@NorthAmerican-Trucking-News]

Potentially

[@donttruckhere]

Raven just took their OTR trucks off the road the day cabs are still rolling.

[@pointnIaugh]

@@donttruckhere Yeah, I see that now. I run up and down 75 every day in Florida and I've seen a lot of day cabs in the last 2 or 3 days.

[@mikeleggiero2524]

How many companies are downsizing that we don't hear about. Just about every company is downsizing. We aren't hearing about just think about that

[@musicflow84]

Load king transport in Woodbridge is going out of business. They have no contracts and robbing from every drivers pay cheque.

[@NorthAmerican-Trucking-News]

Can you send us an email with the details to [e-mail]? We'd like to look into this further.

[@nicholuswalton733]

This is bigger than O/O taking cheap freight. This is big bank take lil bank. The 5 largest companies are moving the market in their favor. They are keeping rates low and running competition away.

[@TheThiroc]

Swift has been turning down freight due to being to cheap there's more going on than just the big 5 throwing their weight around

[@NorthAmerican-Trucking-News]

That so?

[@jamesdelap4085]

"PRIDE does not wish to owe, VANITY does not wish to pay". THE MAXIMS (Rochefoucalde)

[@NorthAmerican-Trucking-News]

Succinctly said

[@Jerzeyguy]

This is a sad time for trucking in the USA.

[@NorthAmerican-Trucking-News]

In North America*

[@georgek.5817]

No. I said it and will say it again and again. The Trucking Industry in America is the most competitive of any industry in the world, as crazy as that may sound. The AI revolution is already here. Gas and brake for an 18-wheeler. All skill has been removed. Any clown coming into the country can do it for a living and they do. Competition is immense, on top of that it is an utterly free market industry as if the fed is experimenting on it, nothing is controlled, nothing, completely free market which means marginal cost of service falls to zero and in many cases you lose money on a load, all owner ops do. Tik tok which I care not for gets banned to protect youtube shorts or Alphabet Inc. Google, it’s called corporative protectionism. All free market in trucking folks, sheer jungle.

[@NorthAmerican-Trucking-News]

Yup, the competition is brutal in this industry

[@lassiejr2115]

Ive been out of Trucking since 2017 because it was Elogs mandate and slow business DEF is a joke Tax , now its even stricter hate the Government and what they did to the Truckers Industry >

[@NorthAmerican-Trucking-News]

How are things faring for you now?

[@lassiejr2115]

@@NorthAmerican-Trucking-News Im Not Great Bob >

[@sandro3182]

Where is they doing well pre-pandemic or pre Eld?

[@markdavis9384]

Trucks have always been a hard way to make easy money

[@NorthAmerican-Trucking-News]

Couldn't have phrased it any better myself!

[@chicago23elazig88]

Number 4# stubit owner operator picking up cheap load for $1 per miles Just subscribed your channel like the way you explains things ,thanks Ronan

[@NorthAmerican-Trucking-News]

Thanks for watching!

[@carlroop2674]

That's what happens when you get bought out. Buy an investment company. And the only thing you do is broker freight because you don't wanna pay sales. People to go get direct customer freight

[@NorthAmerican-Trucking-News]

Ooof

[@humbledriver2536]

Over 100,000 carriers bankrupt or out of business in 2023 another 30,000 so far this year and thousands and thousands of Brokers bankrupt and out of business as well. And that has yet to put a dent in the supply-demand of trucking capacity and rate volume with the rates still so low carriers are running on borrowed time borrowed time. Supply chain pendulum swing it's a fact and we will not see pre-pandemic rates until 2nd quarter 2025. I parked my six trucks the end of 2022 and have been operating as a company driver since the second quarter of 2023 and will continue to do so until April of next year when the rates rebound to a point where I can experience a sustainable Market profit margin

[@farhadsaahi1658]

What a relaxed plan

[@humbledriver2536]

@@farhadsaahi1658 it's a logical plan it's a financially sound plan. If I keep my 6 trucks on the road it's devaluating with each mile accumulated and with a 5 to 7 percent profit margin it makes no sense to do that. My trucks will be up and running when the rates return

[@ismaelgarza9455]

@@humbledriver2536 Trucks parked don’t do so well over time It affects them, parts start to toast out and problems can arise If parking your fleet might as well sell out 😅

[@erikhedrick2346]

Could you say your source of where you got 100,000 carriers out of business in 2023 and 30,000 so far in 2024?

[@humbledriver2536]

@@erikhedrick2346 M&F article by Jen Frost Feb 26, 2024, InTek F&L, Kevin Baxter Feb 9, 2024

[@grahamstuart9164]

Challenger is Doing permanent layoffs. Driver's and office staff. I have heard numbers as high as 300 out of Cambridge and Mississauga. Owner-operators are being offered the opportunity to expand their fleets by purchasing challenger equipment. There was absolutely no warning to the drivers. They were brought in at the end of their shift and given their walking papers.

[@haythamthabit42]

That’s no surprise coming from challenger, as earlier this year they were cutting back rates from there drivers (used to work there a short time before I left) so the writing was on the wall for me before I bailed for another company

[@NorthAmerican-Trucking-News]

Yikes!

[@BayouRepairGuy]

I wonder what banks are gonna be taking the loss?

[@NorthAmerican-Trucking-News]

No clue!

[@TheLayton2012]

Uhmm those Parker subsidiaries. Covenant Parker and Us Xpress Fuller are half bro. I worked for both and certainly Arnold was in the parking lot a lot. It was rumored that Parker invented the monopoly game.

[@NorthAmerican-Trucking-News]

Oh? Tell us more

[@brandonjohnson6366]

Nobody equipment paid off

[@NorthAmerican-Trucking-News]

That seems to be the case here

[@maxbarthez881]

So what next. ? Autonomous?

[@friendofvinnie]

Sure why not

[@maxbarthez881]

@@friendofvinnie Why not ?

[@sergiotrujilloargueta9580]

Aurora Company to put some autonomous trucks in a Lane from Dallas to Houston at the end of this year!!!!

[@hudsondonnell444]

Autonomous will fail in the end and as long as the fools of the world follow the UN Marxist agenda and the WEF Great Global Hijack the world will be pushed back to the horse and cart.

[@friendofvinnie]

@@sergiotrujilloargueta9580 without people's knowledge

[@DARKTROPICAN]

Pride also bought loadex out of oakville for 18.5 million

[@NorthAmerican-Trucking-News]

When did they do that?

[@jeffreycairns767]

Pride hasn't stopped running. I see many everyday, from day cabs to LCV's.

[@DARKTROPICAN]

@jeffreycairns767 Question was when did pride buy loadex...pride of course is running

[@AtPlay22]

Isn't this good for the trucking industry? Someone has to run the loads. With the lack of big fleets, it leaves room for the owner operators to make a comeback. Less trucks on the road leads to more competitive rates on loads. Sounds like a win for the little guys which is what has been the complaint in the industry for 10 years+

[@NorthAmerican-Trucking-News]

In a manner of speaking, twisted as it may be, this could be good for some parties

[@haythamthabit42]

Agreed, just as long as fuel prices stay low enough for owner operators, I’d say it would be a comeback for the little guy

[@roadtodestination9195]

Let’s hope more major companies will go under. And a cost of training to be around $30,000 for 12 months. No one is granted a CDL unless they can prove to have at least 20,000 miles, of driving at the controls , OTR with a trainer, can pass a physical with bmi and cardio test, along with English comprehension test and vehicle systems.

[@NorthAmerican-Trucking-News]

I get that, though praying on someone else's downfall isn't something we do personally

[@haythamthabit42]

@@NorthAmerican-Trucking-NewsI agree

[@berthelvetic1923]

trucking is only the start of the break down from the global economy.

[@NorthAmerican-Trucking-News]

Might not even be the start I'm realizing

[@AlecDaStar]

Good thing my company is a debt free company with thousands of trucks,

[@NorthAmerican-Trucking-News]

Respect the debt free life but thousands of trucks sounds a bit hard to manage with today's rates

[@haythamthabit42]

Crete carriers?

[@salemyoussef8432]

Trucking industry in the us is way over priced ! I am exporter most of the time I don’t even break even because of that .

[@richcherwalk6349]

That’s probably because of a poor exchange rate

[@NorthAmerican-Trucking-News]

Sorry to hear that

[@salemyoussef8432]

@@richcherwalk6349 yes that could be part of the reason but I hear the same thing from people in different part of the world.

[@salemyoussef8432]

@@NorthAmerican-Trucking-News well it’s not your fault but it’s what it is .

[@ehudII]

so new trucks on sale?

[@NorthAmerican-Trucking-News]

Of course

[@Thatdudenamedleslie]

I'm not sure how long ago it was, but when I worked at US Xpress, they had at one time Bankrolled Arnold's operations and Arnold didn't pay US Xpress back and they took Arnold's Jacksonville, FL terminal. As well as a lot of their trucks.

[@TheThiroc]

Wonder if that ties into us express getting picked up by knight. I'm with swift and we been giving a lot of trailers over to us express all the sudden

[@NorthAmerican-Trucking-News]

Oh wow

[@HunterPBrown]

I used to work at Raven Transport... This is bad...

[@NorthAmerican-Trucking-News]

Yikes...

[@HunterPBrown]

@@NorthAmerican-Trucking-News yep. 2015-2017. Was once one of the highest paid company jobs in North America... 52.5 cpm... Back then, that was great.

[@hoodooking1133]

Pride needs too much qualifications for anyone to get a truck but to me ut seems like they are picky and want to keep the trucks i know dealers doing inhouse financing that are moving alot of trucks weekly

[@NorthAmerican-Trucking-News]

I don't reckon there are any pluses to keeping all these trucks though

[@haythamthabit42]

Right I found when I first tried to buy a truck from them. They made the process very difficult and seemed to me they don’t want to sell a truck to me. Not sure if it was just my experience or maybe something they were trying to do. They also never returned my deposit on the truck I put down.

[@LucianoMartinez-cc2ld]

Conway trucking got bought out by xpo trucking 😮 🎉

[@user-ef8mc4uq6g]

Yeah,many years ago😂

[@NorthAmerican-Trucking-News]

Didn't that occur in 2015?

[@reggieharris6039]

Look someone needs to stop this bleeding with these Brokerage companie's that taking the profit.

[@NorthAmerican-Trucking-News]

Are you volunteering?

[@Miguelitometra]

This big company do that all the time they just switch name I was working with a company on Illinois and they have like 4 different name they all know how to play the game don’t pay the driver take all the money and move with another name to new driver victims

[@NorthAmerican-Trucking-News]

Wow

[@jasondangelo4life]

I just found out the company that I just started driving for 2 weeks ago is in the middle of a chapter 11 case.

[@NorthAmerican-Trucking-News]

Who is the company?

[@wrld-zu9yt]

Same with me Gold Star Express Bowling Green KY

[@jasondangelo4life]

@@NorthAmerican-Trucking-News Brothers Grimm. Small company out of Nampa, ID

[@Kaonik1978]

⁠red viking trucker used to drive tham

[@jasondangelo4life]

@@Kaonik1978 yeah, so far it’s been a pretty good company, I’m going to ride it out and hopefully it’s just a restructuring 🤷‍♂️

[@merwincicil3489]

Next is Charger logistics

[@haythamthabit42]

Yep I predict the same

[@johndonovan7018]

market correction. but holy shit i seen plenty of raven rolling around here in the past years. arnold not really.

[@NorthAmerican-Trucking-News]

By past years, do you mean before or during covid?

[@johndonovan7018]

@@NorthAmerican-Trucking-News into 2023. seen a couple this year as well

[@abdisheik2041]

better find something else to do than hauling 1.5 per mile load

[@NorthAmerican-Trucking-News]

True that

[@jeffreycairns767]

I'm making $1.42/ mile + FSC, run back (basically) empty, only pay for truck, fuel and maintenance, and I still barely survive or make anything. My last 15 day paycheck, I was -$517

[@user-lq4mo8dw1p]

​@@jeffreycairns767 I don't feel so bad...my last paycheck before I closed last week was -237.98.

[@marlonevans6449]

Gotta get biden out and fuel prices down and regulate the fn brokers.

[@NorthAmerican-Trucking-News]

Run for president, we'll back ya!

[@Hazara26]

Tell us about Canada not US. Why Canadian talk more about US than Canada. What is busted in Canada.

[@NorthAmerican-Trucking-News]

We speak on NORTH AMERICAN trucking. That means whatever is happening on this continent is reported by us. Plus we do have an operational branch in the US. Of course we'd speak about the US too

[@jeffreycairns767]

Americans only care about America. If he didn't talk about it, Americans wouldn't watch. Americans are extremely self centered

[@lessgooder4474]

Running for 2 dollars a mile is just ridiculous, why even bother have a trucking company these outfits that come in a slash rates it’s looks good on everyone of them going under I have no sympathy for them

[@haythamthabit42]

Agreed

[@Parasefvirte]

Where are the $2 dollars per mile loads? All I see are $1.28 and $1.60 per mile on DAT load board, and you are probably hoarding all the $2 per mile loads from your brokers body’s . Keep trucking and hauling cheap freight! Am am waiting on he side, hahahah

[@NorthAmerican-Trucking-News]

Where are you located first and foremost

[@ginolomonaco2583]

Most of My load's are well over 2 dollars 280 and above are the majority of my loads

[@Corleone_Napoleone]

I am yet to see one of your trucks on the road. I do see your videos though.😂😂

[@jeffreycairns767]

I see them daily

[@Corleone_Napoleone]

@@jeffreycairns767 in Serbia?😂

[@jeffreycairns767]

@@Corleone_Napoleone What?

[@haythamthabit42]

@@jeffreycairns767same here

[@andypuckett8721]

Thears no way this can be Biden omixs is the shit just ask all the dems and Biden what’s every one s problem this is best econemy ever

[@NorthAmerican-Trucking-News]

Well...

[@Jose-gq8wc]

Fuel and equipment are too high. The calculator doesn't lie

[@NorthAmerican-Trucking-News]

Something needs to go down!

[@michiganstad]

another smart ass here . If fuel and equipment is to high it means that RATES are To LOW smartass you are ....geeze

[@haythamthabit42]

I agree it’s crazy how expensive it is to operate

[@michiganstad]

@@haythamthabit42 expensive ???? the problem is that RATES are TOOOO LOW ...Geeze ...the stupidity

[@trail457]

Ask yourself who is lowering the rates.Who is buying up trucking companies. Imigrants are trying to kill compitition. Money from somewhere outside the US and Canada.

[@NorthAmerican-Trucking-News]

They're usurping the competition by charging criminally low, it's a very strange tactic considering the expenses accrued in trucking

[@jeffreycairns767]

In Canada, you don't even have to be an actual citizen to get a CDL, start a company, but equipment, and run dirt cheap freight. A work visa is all that's needed. I'm see ads for companies looking for team brokers paying $.95/ mile all in.

[@haythamthabit42]

@@NorthAmerican-Trucking-Newsand you wonder why so many of them eventually go out of business

[@jimbertling3116]

I am grateful to be back with ET.

[@Austin.8150]

How is it

[@jossa942]

Smart man

[@Corleone_Napoleone]

Haven’t seen one of their trucks on the road. Just YT videos.😂😂😂😂😂

[@jeffreycairns767]

​@@Corleone_NapoleoneCanadian company

[@Corleone_Napoleone]

@@jeffreycairns767 with terminals in like Atlanta?🤔

[@Imbrokeaintgotit]

Should’ve bought cash equipment 😂

[@NorthAmerican-Trucking-News]

Yup!

[@michiganstad]

😂😂🤣🤣🤣🤣🤣🤣😅😅😅

[@NorthAmerican-Trucking-News]

Why you laughing :(

[@michiganstad]

@@NorthAmerican-Trucking-News Trucking in < America > is nothing but a Shit show ...

[@stanleyolszewski7701]

Bidenomics at its best. 😂😂😂

[@NorthAmerican-Trucking-News]

Haha

[@musicflow84]

Load king transport in Woodbridge is going out of business. They have no contracts and robbing from every drivers pay cheque.

[@NorthAmerican-Trucking-News]

Can you send us an email with the details to [e-mail]? We'd like to look into this further.