Top Gun

Largest U.S. Trucker in Complete Freefall

Thanks to all the folks who actually worked in the industry for their comments. I have learned a lot, most of it not so good. It sounds like Darwinian economics may not work here, as the capital levels are so high, and margins so low, that the entire operation may go away with a small misstep. However, the current slowdown is so severe that I wonder if even the best of projections would save a company running so close to break even. On the other hand, a properly aged fleet should be able to be furloughed. I suspect to much leverage was used - leased vehicles.