[Access2Capital]

Hey guys,

Maybe I'm being paranoid here, but have any of you noticed an uptick in trucking defaults in Illinois where the owners all appear to have Russian last names?

Thanks in advance!

[WestCoastFunding]

Just got a default from Lev Parnas and Igor Fruman Trucking LLC.

[SFC]

Just got a default from Lev Parnas and Igor Fruman Trucking LLC.

HAHAHAHAHAHA! Giuliani?

[Kevin Henry-Seacoast]

There are a lot of companies in the industry nationally that recently filed ch11.

[mcaguru]

There are a lot of companies in the industry nationally that recently filed ch11.

I cant see with the roaring economy how it does not help the transportation sector. Kevin your talking about the very large companies that had issues going back a decade of bad acquisitions of buying out competitors that turned out to be bad deals.

[Chambo]

I cant see with the roaring economy how it does not help the transportation sector. Kevin your talking about the very large companies that had issues going back a decade of bad acquisitions of buying out competitors that turned out to be bad deals.

Because the "roaring economy"mantra is total bull****. Margins are getting squeezed everywhere and trucking is getting getting decimated. The bigger box stores are starting to use their own trucking to cut costs, and fuel prices don't help. Vendors are demanding lower and lower rates for truckers, who either have to work until they collapse, or just go belly up. Don't forget the China trade tariffs hurting pricing as well

https://www.businessinsider.com/why-...ob-loss-2019-7 Why the $800 Billion trucking industry is in a 'bloodbath'

https://www.ttnews.com/articles/truc...er-growth-2019 Trucking Industry Expected to See Slower Growth in 2019

[mcaguru]

Stock-market broke another record today.

[Kevin Henry-Seacoast]

Because the "roaring economy"mantra is total bull****. Margins are getting squeezed everywhere and trucking is getting getting decimated. The bigger box stores are starting to use their own trucking to cut costs, and fuel prices don't help. Vendors are demanding lower and lower rates for truckers, who either have to work until they collapse, or just go belly up. Don't forget the China trade tariffs hurting pricing as well

https://www.businessinsider.com/why-...ob-loss-2019-7 Why the $800 Billion trucking industry is in a 'bloodbath'

https://www.ttnews.com/articles/truc...er-growth-2019 Trucking Industry Expected to See Slower Growth in 2019

Chambo knows! Marcus, corporate bankruptcies are increasing month over month along with larger exposure to unsecured and secured debt. Agent for the Benefit of the Creditor cases are also on the rise as smaller companies do not want to pay the cost of the CH11 process and ABCs are much faster.

[mcaguru]

https://www.uscourts.gov/news/2019/0...ntinue-decline NEXTTTTTTTTTTTTTTTTT!

[Kevin Henry-Seacoast]

https://www.uscourts.gov/news/2019/0...ntinue-decline NEXTTTTTTTTTTTTTTTTT!

Um.....you article you found doing a GOOGLE search is dated APRIL!!!!

[WestCoastFunding]

https://www.uscourts.gov/news/2019/0...ntinue-decline NEXTTTTTTTTTTTTTTTTT!

Marcus, that doesn’t say anything about the trucking sector. Fact is, trucking is getting ****ing pummeled. Celadon just went under with the biggest trucking bankruptcy. 800 trucking companies filed for bankruptcy in 2019 (up from 400 in 2018).

[mcaguru]

so don't fund trucking.

[WestCoastFunding]

I cant see with the roaring economy how it does not help the transportation sector. Kevin your talking about the very large companies that had issues going back a decade of bad acquisitions of buying out competitors that turned out to be bad deals.

1.9% GDP growth rate is “roaring”? **** outta here.

[WestCoastFunding]

so don't fund trucking.

I’m looking forward to you ruining your book.

[Chambo]

so don't fund trucking.

Dip ****, that is what this thread is all about

[Kevin Henry-Seacoast]

so don't fund trucking.

Holy Smokes!

[mcaguru]

Are the competitors really making funding decisions based on a forum post? -- Outside of 3 restricted industries each deal is examined on its own merits...

[abfunders]

Does the trucking issue have anything to do with the China tariffs? Meaning, if the orange man in the White House would stop bullying 16 year olds (and complaining when an opponent does it) on social media and get himself out of the pit he dug himself into, would it make a big difference in the trucking industry?

[mcaguru]

https://www.realclearpolitics.com/epolls/latest_polls/

Look at today's USA/Suffolk POLL ---KEEP IN MIND THESE POLLS WERE TAKEN DURING HIS IMPEACHMENT HEARING LAST WEEK! TRUMP AHEAD ...which hole ?.. i saw this news and skipped breakfast and my coffee!

[Kevin Henry-Seacoast]

Deals are reviewed on their own merits, but some have a habit mirroring what some firms do or not do within an industry.