Happy New Year! How Slow Are You?

I'm starting to get a little worried as it seems to be getting worse instead of better.

Our economy is only beginning to spiral downward.

We've had two of the three largest bank failures in history this past week. That's because the Fed has been raising interest rates hard to fight off inflation, and now the banking system is on the brink of complete collapse because the entire system was based on interest rates being near zero.

Not only that, but inflation remains incredibly high.

So they're breaking the entire financial system. This will make 2008 look tame.

Buckle up. Prepare for what looks to be the worst economic crisis of our lifetimes.

I'm down to 28-35 hours a week but I have a minimum pay guarantee. I'm not sure if that's because of the industry, UK employment customs or my employer is just extra generous. Without the guaranteed minimum I'd be kicking rocks.

We are a private service line for a beef company so we haul our own loads 80% of the time. We are usually pretty steady. Every year around February and March our loads take a dip. I haven't noticed any abnormal changes.

Even though I'm overall happy with my job I still periodically take a look around at jobs out there. Obviously with the current state of the economy it'd be a terrible time to change jobs anyways. Most of the LTL carriers in the area are still hiring for both linehaul and city drivers. It blows my mind to see that given the info we've heard from our LTL members here on TT. On the other hand maybe they're not actually hiring and just getting a pool of candidates for when things eventually pick back up. I'm sure they're going to lose many drivers during this slowdown that can't weather the storm financially.