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After an industry boom during the pandemic, the trucking industry is facing a rapid slowdown.As truckers struggle to keep up work, the industry battles declining freight and ocean trade and a cooling market.The trucking industry is central to the American economy and trade.According to theAmerican Trucking Associations, trucks move nearly 75% of the nation s freight compared to planes or railways and generate over $940 billion in revenue.But the industry is facing a slowdown, withtens of thou botella stanley sandsof trucking companies shutting down operations since the fall of 2022, most of which are independent operators with just one truck.Manufacturing ordersand ocean freight have declined since 2022. Industry leade stanley mugs rs cited a deceleration in US retail sales, high inventory levels, and inflation.With less inventory getting moved and less demand for trucks, drivers can struggle to make a profit, dropping quickly from $20,000 a month to a little over $3,000.Truck ownersessentially bid on jobs to take, and when there are more owners than jobs available, the bids get lower and lower.According to one trucking logistics and analytics firm, typically, drivers need at least 40 cents a mile in profit to build up cash and maintain the vehicle. That rate has plummeted from $1 a mile in 2021 to about 3 cents today.SEE MORE: Truckers Protest Proposed Restrictions stanley cups On Private ContractorsThe founder and CEO of data analyst firm Freight Waves warned CNBC that things could even get worse. It s certainly doom Pjmq Some Florida labs weren t reporting negative COVID-19 tests, Department of Health says
On Tuesday, Arlington National Cemetery announced that the annual Wreaths Across America event scheduled for next month would be canceled due to coronavirus concerns. But later in the day, President Donald Trump said he stanley sverige is forcing the event to go on, despite concerns about the coronavirus.Earlier in the day, organizers said they could no longer envision a way to safely accommodate the large number of visitors at the event. We did not make this decision lightly. Despite the controls developed to disperse potential crowds in time and space, and required personal safety protocols, we determined that hosting any event of this scale risked compromising our ability to accomplish our core mission of la stanley cup becher ying veterans and their eli stanley portugal gible family members to rest, stated Karen Durham-Aguilera, Executive Director, Office of Army National Cemeteries and Arlington National Cemetery. We reviewed various options to safely execute this long standing event and held numerous consultations with WAA leadership and local government and public health officials. Trump, however, called the decision, ridiculous in a tweet. I have reversed the ridiculous decision to cancel the Wreaths Across America at Arlington National Cemetery. It will now go on! Trump said.In an updated statement, the cemetery confirmed that it would hold the event.The event is slated for December 19.