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Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by unbalancedevh on Wednesday April 30, 2025 @09:58AM (#43845353)
I work for a major tier-1 supplier for the trucking industry, and the outlook is not good. This year was supposed to be a good year as customers pre-buy to avoid upcoming changes in emission regulations, but the drop in trade with China means that goods aren't coming into the ports, so trucks aren't needed. OEMs are dropping their forecasts and pushing out new development, which means our projects are getting cancelled. A couple months ago we were talking about how we're going to hit our variable compensation profitability plans; but just yesterday we were told that we're going to have to take a mandatory 2 weeks of unpaid leave this year. The damage has already been done, and the next couple years don't look promising.
Re:U.S. Economy Contracts at 0.3% Rate in First Quarter by nemomarx on Wednesday April 30, 2025 @10:00AM (#43845379)
The gossip I'm hearing is that independent truckers and shipping companies might go out?