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If there had been a big economic boom caused by Trump, there would be plenty of business for all those trucks and truckers to haul. But since that Trump boom never materialized, all those truck orders the last few years were nothing more than a ton of hopium. Now reality is staring them in the face and they are retrenching.
that graph closely mirrors the recessions, no? Is there anything different this year?
Is this an Economics Forum question, or a POC Forum?
Exactly. There are very, very few positions in which there is an actual shortage of a skill set. All other "shortages" are a matter of salary.
Cannot find someone to drive a truck? I am sure if a company offers a million dollars a year to do it, there will be tens of thousands of qualified applicants. Point is there is no skill shortage, just people do not want for the particular pay the company is offering.
point is, then, if your job opening was for a fluffer at $1MM/year, there would be a long line outside.
Any economy starts with available energy. Trucks burn fossil fuel and drive on roads made of fossil fuel. They take beatings as they bounce on decaying roads and some get destroyed by increasingly severe weather. Companies can't pay less for fuel, so they cut other corners.
Nowhere in the article did it mention any of this. It did, however state the following:
"…...It ties back to a recently-published National Bureau of Economic Research working paper, in which economists found that American businesses and consumers are paying "approximately 100 percent" of the newly-levied import taxes."
Your paying for Tariff's if you buy goods from China, and rightfully so in my opinion. Buy something made in the USA then and you don't have to pay any tariffs!
Any economy starts with available energy. Trucks burn fossil fuel and drive on roads made of fossil fuel. They take beatings as they bounce on decaying roads and some get destroyed by increasingly severe weather. Companies can't pay less for fuel, so they cut other corners.
Companies can reduce their fuel spending by using vehicles that require lower amounts of fuel. Many companies are doing this.
Amazon announced its order for 100,000 Rivian electric delivery vans. These vehicles are planned to enter service by 2024, with the initial units shipped in 2021. They will likely serve the 80 Amazon fulfillment centers in North America and potentially more than 500 Whole Foods Markets.
Anheuser-Busch InBev announced orders for 840 electric and hydrogen semitrailers from Tesla and Nikola as part of its commitment to power 100 percent of its directly operated delivery vehicles with renewable energy by 2025
Amazon announced its order for 100,000 Rivian electric delivery vans. These vehicles are planned to enter service by 2024, with the initial units shipped in 2021. They will likely serve the 80 Amazon fulfillment centers in North America and potentially more than 500 Whole Foods Markets.
Anheuser-Busch InBev announced orders for 840 electric and hydrogen semitrailers from Tesla and Nikola as part of its commitment to power 100 percent of its directly operated delivery vehicles with renewable energy by 2025
All that is good.
But it's the Over-The-Road 18 wheelers that are the real fuel users. They can't do much about fuel usage there, because they have to have enough energy to move 80,000 pounds about 1000 miles between fill ups. And that's tough.
So far, diesel is the best practical solution and about 6MPG for a fully loaded truck will be the best that can be done. Owners like for trucks to run 150,000 miles a year so that's 2500 gallons of fuel per truck per year.
Delivery trucks, garbage trucks, yard trucks - all those can use natural gas or hybrid or some combination. Trucks that run 48 states just have not found a solution to conservation. There may not be one short of what they have already developed.
I drove 5 years and 750,000 miles. Got about 7 MPG because I mostly carried furniture, which doesn't weigh much.
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