Expensive diesel fuel isn't just driving up costs—it's driving trucking companies out of business.

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[–] 18 points 1 month ago*

i have a different theory on some of these specific businesses.

  • Bankrupt
    • Tax write off
    • Drop "contrwct" employees who pay for their own vehicle
    • Sell debt on leased trailers for dimes on the dollar
    • No true consequence for business owner
  • Gas price go down
    • New business
    • Rehire contract workers
    • New loans for depreciated trailers
    • Bankruptcy more profitable than operation

Edit: Digging deeper into source links of source links, all the big players with multiple trailers and big contracts like Amazon are Chapter 11 (reorganized), so yea, my theory holds.

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