1 00:00:11,000 --> 00:00:14,120 Speaker 1: This is America's Trucking Network with Kevin Gordon. 2 00:00:15,640 --> 00:00:18,959 Speaker 2: Lovable. Thanks for tuning in on this Friday morning. We 3 00:00:19,079 --> 00:00:23,320 Speaker 2: start with a story that a subject that always gets 4 00:00:23,360 --> 00:00:26,800 Speaker 2: me fired up. Just one of those things that when 5 00:00:26,840 --> 00:00:31,800 Speaker 2: I see the term it just Illinois lawmakers approve a 6 00:00:32,040 --> 00:00:36,760 Speaker 2: thirty percent truck toll hike. All right, we're talking about 7 00:00:36,800 --> 00:00:39,280 Speaker 2: we've been talking about, and we've been hearing about inflation, 8 00:00:39,400 --> 00:00:42,479 Speaker 2: and we've been talking about and hearing about, you know, 9 00:00:42,520 --> 00:00:44,800 Speaker 2: how prices are going up and all this, and I 10 00:00:44,880 --> 00:00:48,159 Speaker 2: keep pointing out the fact that you cannot continue to 11 00:00:48,320 --> 00:00:52,040 Speaker 2: raise wages, which again you have to do that in 12 00:00:52,159 --> 00:00:55,240 Speaker 2: order to make sure that your employees can have a 13 00:00:56,040 --> 00:00:59,360 Speaker 2: wage to be able to live on and to be 14 00:00:59,400 --> 00:01:03,640 Speaker 2: able to their families. But it still adds to the 15 00:01:03,680 --> 00:01:07,319 Speaker 2: cost of things. You can't continue to increase wages. You 16 00:01:07,400 --> 00:01:12,280 Speaker 2: can't continue to pay increase taxes and regulatory fees and 17 00:01:12,600 --> 00:01:18,000 Speaker 2: bookkeeping things to keep the government happy. You can't continue 18 00:01:18,040 --> 00:01:22,600 Speaker 2: to be paying increased in terms of the suppliers as 19 00:01:22,600 --> 00:01:25,479 Speaker 2: far as them having to increase their payrolls and then 20 00:01:25,560 --> 00:01:28,400 Speaker 2: come through to you. You can't continue to go out 21 00:01:28,400 --> 00:01:32,319 Speaker 2: and pay more for interest rates and higher interest rates 22 00:01:32,360 --> 00:01:35,200 Speaker 2: than what you should be and this not affect inflation. 23 00:01:35,840 --> 00:01:40,040 Speaker 2: Nobody other than America's truck and network is concentrating on 24 00:01:40,080 --> 00:01:44,440 Speaker 2: these other costs that are going into adding inflation. Everybody 25 00:01:44,520 --> 00:01:47,200 Speaker 2: wants to talk about it. Everybody wants to kind of 26 00:01:47,240 --> 00:01:49,840 Speaker 2: point it to well, it's a matter of the tariffs 27 00:01:49,840 --> 00:01:52,280 Speaker 2: and all this sort of stuff. What it is is 28 00:01:52,320 --> 00:01:55,520 Speaker 2: they're gas lighting us. They are. They know what the 29 00:01:55,600 --> 00:01:59,040 Speaker 2: reason is, but they're trying to fake you out and 30 00:01:59,120 --> 00:02:02,080 Speaker 2: make you think one thing so that you don't notice 31 00:02:02,080 --> 00:02:04,920 Speaker 2: it over on these other ends. Raising a toll by 32 00:02:05,080 --> 00:02:10,239 Speaker 2: thirty percent in these times are they insane? But we're 33 00:02:10,240 --> 00:02:13,440 Speaker 2: talking about Illinois. Under the measure approved by the state 34 00:02:13,560 --> 00:02:17,680 Speaker 2: legislature on October thirty first, tolls for commercial road trucks 35 00:02:17,840 --> 00:02:22,440 Speaker 2: would increase by thirty percent to help fund a one 36 00:02:22,560 --> 00:02:27,680 Speaker 2: point five billion dollar plan to revamp the state's transit operations. 37 00:02:28,080 --> 00:02:32,919 Speaker 2: Transit operations, not to improve the roads, not to improve 38 00:02:32,960 --> 00:02:37,240 Speaker 2: the bridges, not to improve lighting and timing of traffic 39 00:02:37,320 --> 00:02:41,240 Speaker 2: lights and all that. No, we want to supply and 40 00:02:41,280 --> 00:02:45,880 Speaker 2: we want to pay for the trains, the commuter trains, 41 00:02:46,400 --> 00:02:50,160 Speaker 2: the buses, and these types of things. They can't sustain 42 00:02:50,240 --> 00:02:53,920 Speaker 2: themselves on their own, and they can't. They are we 43 00:02:54,160 --> 00:02:59,680 Speaker 2: are subsidizing the taxpayers subsidize those fares so that people 44 00:02:59,720 --> 00:03:02,920 Speaker 2: that ride the buses and ride the trains can pay 45 00:03:03,000 --> 00:03:06,480 Speaker 2: a smaller amount. But if they're paying a smaller amount, 46 00:03:06,680 --> 00:03:09,600 Speaker 2: they don't have enough funds in terms of those transit 47 00:03:09,639 --> 00:03:12,720 Speaker 2: authorities in order to pay for the improvements. And so 48 00:03:13,160 --> 00:03:15,360 Speaker 2: what do they do. They go on the backs of 49 00:03:15,440 --> 00:03:21,560 Speaker 2: people who can't for reasons, especially if you're a truck driver. 50 00:03:21,840 --> 00:03:24,480 Speaker 2: There's no way you're going to load all your stuff 51 00:03:24,520 --> 00:03:27,720 Speaker 2: onto a train and take it into the city. You're 52 00:03:27,720 --> 00:03:29,960 Speaker 2: gonna have to drive a truck. If you live in 53 00:03:30,000 --> 00:03:32,399 Speaker 2: certain parts and it's not convenient for you to take 54 00:03:32,440 --> 00:03:35,920 Speaker 2: one of these trains, you have to drive into the area. 55 00:03:36,000 --> 00:03:40,200 Speaker 2: And so they penalize the people who are actually trying 56 00:03:40,240 --> 00:03:44,640 Speaker 2: to make a living and subsidizing these other forms of 57 00:03:44,680 --> 00:03:49,560 Speaker 2: transportation rather than cutting expenses as far as the government 58 00:03:49,600 --> 00:03:51,840 Speaker 2: is concerned, as far as some of the things that 59 00:03:51,880 --> 00:03:54,680 Speaker 2: they do and spend money on and put the money 60 00:03:54,680 --> 00:03:57,880 Speaker 2: aside for these transit authorities, No, they put it on 61 00:03:57,920 --> 00:04:01,120 Speaker 2: the backs of truck drivers. Like you told people that 62 00:04:01,280 --> 00:04:03,400 Speaker 2: people that go into the city and pay the tolls, 63 00:04:03,560 --> 00:04:07,280 Speaker 2: so it's back on their backs. It just infuriates me 64 00:04:07,520 --> 00:04:11,000 Speaker 2: because when a toll goes into place, they always sell 65 00:04:11,040 --> 00:04:14,560 Speaker 2: it as a as a user fee. If you use it, 66 00:04:14,920 --> 00:04:18,600 Speaker 2: you pay for it, which means that you're paying for 67 00:04:18,680 --> 00:04:22,239 Speaker 2: that road, which means that if you're paying for that road, 68 00:04:22,560 --> 00:04:25,800 Speaker 2: then that road is going to be repaired and replaced 69 00:04:25,960 --> 00:04:29,400 Speaker 2: with the money that you pay. But no, it's always 70 00:04:29,480 --> 00:04:33,640 Speaker 2: siphoned off and used for something else. Specifically, the state 71 00:04:33,680 --> 00:04:37,839 Speaker 2: would replace the current Regional Transportation Authority with a new 72 00:04:37,960 --> 00:04:43,360 Speaker 2: Illinois Transit Authority to oversee statewide transit system. And I 73 00:04:43,400 --> 00:04:47,280 Speaker 2: would love to go through that Transit Authority, the transit system, 74 00:04:47,320 --> 00:04:50,400 Speaker 2: and whoever is in the bureaucracy there and do a 75 00:04:50,600 --> 00:04:54,960 Speaker 2: job by job analysis in terms of how many people 76 00:04:54,960 --> 00:04:58,480 Speaker 2: are sitting around all day long twiddling their thumbs, how 77 00:04:58,520 --> 00:05:03,080 Speaker 2: many of those employees are actually essential employees and actually 78 00:05:03,080 --> 00:05:07,040 Speaker 2: being productive employees. How much waste, fraud and abuse is 79 00:05:07,040 --> 00:05:09,800 Speaker 2: there within that agency. I would love to do an 80 00:05:09,839 --> 00:05:14,920 Speaker 2: audit on that. Let's see, the plan would increase tolls 81 00:05:14,960 --> 00:05:18,279 Speaker 2: by forty five cents for passenger vehicles, and the bill 82 00:05:18,320 --> 00:05:24,040 Speaker 2: awaits the signature for Governor J. Babyback Pritzker JB. Pritzker 83 00:05:24,240 --> 00:05:27,600 Speaker 2: is probably one of the most disgusting human beings on 84 00:05:27,640 --> 00:05:30,280 Speaker 2: the face of the earth. He is the governor of Illinois, 85 00:05:30,440 --> 00:05:34,159 Speaker 2: and you listen to him talk about how how safe 86 00:05:34,240 --> 00:05:37,880 Speaker 2: Chicago is, yet it leads the country in murders, and 87 00:05:38,279 --> 00:05:41,839 Speaker 2: yet the illegal aliens that are there and the illegal 88 00:05:42,160 --> 00:05:45,680 Speaker 2: well illegal aliens, illegal immigrants that are there. He wants 89 00:05:45,720 --> 00:05:48,839 Speaker 2: to stand in the way of ice getting rid of 90 00:05:48,880 --> 00:05:51,400 Speaker 2: those out of the city, the people that are causing 91 00:05:51,440 --> 00:05:54,800 Speaker 2: the problem. And yet he stands there and he talks 92 00:05:54,839 --> 00:05:57,159 Speaker 2: as though how safe the city is and so on. 93 00:05:57,320 --> 00:06:00,000 Speaker 2: And there is a website that I found years ago, 94 00:06:00,080 --> 00:06:04,159 Speaker 2: go called Hey Jackass, And it's a website that you 95 00:06:04,240 --> 00:06:07,040 Speaker 2: go on there and it tells you how many murders 96 00:06:07,160 --> 00:06:09,719 Speaker 2: or how many shootings are over a weekend, how many 97 00:06:09,800 --> 00:06:12,640 Speaker 2: people were killed, how many people killed you're to date. 98 00:06:12,839 --> 00:06:16,440 Speaker 2: They'll even tell you where the where the deaths have occurred, 99 00:06:16,600 --> 00:06:20,039 Speaker 2: where the shootings have occurred, how many sounds of shooting. 100 00:06:20,080 --> 00:06:23,800 Speaker 2: In terms of the tracking. They will show you how 101 00:06:24,040 --> 00:06:27,279 Speaker 2: in some cases I saw a graphic that showed well 102 00:06:27,320 --> 00:06:30,120 Speaker 2: where most of the people were being shot, where they're 103 00:06:30,120 --> 00:06:31,919 Speaker 2: being shot in the leg, where they're being shot in 104 00:06:31,920 --> 00:06:34,840 Speaker 2: the arm. Where they're being shot, you know, the murder obviously, 105 00:06:34,920 --> 00:06:37,080 Speaker 2: it doesn't matter where they're shot. But if there's a 106 00:06:37,080 --> 00:06:39,240 Speaker 2: lot of woundings and stuff like that. I mean, they 107 00:06:39,240 --> 00:06:42,600 Speaker 2: have numerous shootings in Chicago and they don't do anything 108 00:06:42,600 --> 00:06:45,039 Speaker 2: to try to solve that. But anybody that goes in 109 00:06:45,080 --> 00:06:47,039 Speaker 2: there and tries to clean it up, boy, they're just 110 00:06:47,120 --> 00:06:51,920 Speaker 2: you know, jack booted thugs. They're you know, Donald Trump's 111 00:06:51,920 --> 00:06:53,800 Speaker 2: a king because he wants to come in and make 112 00:06:53,839 --> 00:06:57,680 Speaker 2: the city safe. That's your job. JB. Pritzker. And if 113 00:06:57,720 --> 00:07:00,400 Speaker 2: you see the guy, I mean, jeez, you know, put 114 00:07:00,400 --> 00:07:02,799 Speaker 2: the fork down and get some work done. For crying 115 00:07:02,839 --> 00:07:07,640 Speaker 2: out loud, let's see. Michael Moran, president of Moran Transportation Corporation, 116 00:07:08,279 --> 00:07:12,280 Speaker 2: called the legislature's action crippling and warned it will put 117 00:07:12,320 --> 00:07:15,720 Speaker 2: people out of business. The thirty percent increase would raise 118 00:07:15,760 --> 00:07:21,520 Speaker 2: the company's annual toll spending to one point six million 119 00:07:21,720 --> 00:07:25,720 Speaker 2: dollars and hinder the ability to upgrade equipment and dress 120 00:07:25,760 --> 00:07:29,360 Speaker 2: workplace benefits. He said. His firm specializing in regional less 121 00:07:29,360 --> 00:07:34,440 Speaker 2: than truckload service throughout Illinois and surrounding states. So you're 122 00:07:34,480 --> 00:07:36,280 Speaker 2: not going to be able to replace your equipment. You're 123 00:07:36,320 --> 00:07:38,080 Speaker 2: not gonna be able to take that money and use 124 00:07:38,120 --> 00:07:41,119 Speaker 2: it to make your to buy new equipment, which again 125 00:07:41,840 --> 00:07:47,360 Speaker 2: effects in terms of the durable goods and making car 126 00:07:47,520 --> 00:07:51,640 Speaker 2: the truck manufacturers hire more employees and get better trucks 127 00:07:51,680 --> 00:07:55,240 Speaker 2: on the road. Also, it increases your cost because if 128 00:07:55,280 --> 00:07:57,640 Speaker 2: you're driving older trucks, the maintenance on that's going to 129 00:07:57,720 --> 00:07:59,880 Speaker 2: be higher, and you're going to instead of being able 130 00:07:59,920 --> 00:08:03,000 Speaker 2: to buy a new truck and cut back on benefits 131 00:08:03,000 --> 00:08:05,360 Speaker 2: that you're paying to your employees so that you can 132 00:08:05,720 --> 00:08:08,560 Speaker 2: so that you can pay the toll, so that your 133 00:08:08,680 --> 00:08:12,280 Speaker 2: toll money can then be used to subsidize people riding 134 00:08:12,320 --> 00:08:15,680 Speaker 2: the buses, people riding the trains. This is probably one 135 00:08:15,680 --> 00:08:18,239 Speaker 2: of the most critical things we face in the state 136 00:08:18,280 --> 00:08:23,400 Speaker 2: in decades, Brands told the website on November fifth when 137 00:08:23,400 --> 00:08:27,000 Speaker 2: he did the interview. It's just crippling impact on the industry. 138 00:08:27,360 --> 00:08:32,679 Speaker 2: Safety and safety, increased costs of merchandise, passing huge increases 139 00:08:32,720 --> 00:08:36,319 Speaker 2: to customers at a very very challenging time for everybody, 140 00:08:36,760 --> 00:08:39,880 Speaker 2: and just a massive increase. I can't think of any 141 00:08:40,040 --> 00:08:43,320 Speaker 2: increase that I've taken personally or corporately in the last 142 00:08:43,360 --> 00:08:47,240 Speaker 2: forty six years. That is this level of impact. And again, 143 00:08:47,720 --> 00:08:50,280 Speaker 2: these are prices are going to have to be passed 144 00:08:50,280 --> 00:08:53,240 Speaker 2: through to the customers, which are you know, the companies 145 00:08:53,280 --> 00:08:57,000 Speaker 2: that they're sending them, that they've delivered the merchandise to 146 00:08:57,080 --> 00:08:59,760 Speaker 2: those vendors, and then they are going to have to 147 00:08:59,800 --> 00:09:02,880 Speaker 2: then turn around and increase their cost to us, the 148 00:09:02,920 --> 00:09:06,760 Speaker 2: buying public. The plan would redirect the state redirect the 149 00:09:06,840 --> 00:09:12,000 Speaker 2: state's sales tax on motor vehicle to statewide transit operations, 150 00:09:12,360 --> 00:09:17,319 Speaker 2: generating and estimated eight hundred and sixty million dollars annually. 151 00:09:17,559 --> 00:09:21,360 Speaker 2: It would authorize Regional Transportation Authority to increase the Chicago 152 00:09:21,440 --> 00:09:25,160 Speaker 2: area's sales tax by zero point two five percent. The 153 00:09:25,200 --> 00:09:31,280 Speaker 2: measures primary provisions would take effect June first, twenty twenty six. 154 00:09:31,960 --> 00:09:35,480 Speaker 2: Pritzker back to plan. The legislature makes important changes in 155 00:09:35,559 --> 00:09:41,319 Speaker 2: new Illinois operations, manages our transportation network, including investigator investing 156 00:09:41,600 --> 00:09:45,080 Speaker 2: in new capital projects, and will make our public transit 157 00:09:45,440 --> 00:09:49,920 Speaker 2: and toll ways more modern, efficient, and reliable. Writers want 158 00:09:50,320 --> 00:09:54,280 Speaker 2: trans transit to be safe, reliable, and frequent. The transformational 159 00:09:54,320 --> 00:09:57,240 Speaker 2: investment of more than one billion dollars in new operating 160 00:09:57,280 --> 00:10:01,480 Speaker 2: funds lays the groundwork to improve service, shortened travel times, 161 00:10:01,520 --> 00:10:04,680 Speaker 2: and enhanced writer experience across the region, the group said 162 00:10:04,720 --> 00:10:07,920 Speaker 2: in October thirty first. The bill also change as the 163 00:10:07,920 --> 00:10:13,600 Speaker 2: Regions Transit Transit Governance, transitioning the RTA to the Northern 164 00:10:13,640 --> 00:10:17,840 Speaker 2: Illinois Transit Authority. I just cannot I would love to 165 00:10:17,880 --> 00:10:20,959 Speaker 2: see the waste, fraud and abuse in that organization. I'm 166 00:10:21,000 --> 00:10:24,599 Speaker 2: Kevin Gordon, America's trucking Network. Seven hundred WLW. 167 00:10:25,480 --> 00:10:28,520 Speaker 1: I need this is the breathing reward on America's truck 168 00:10:28,559 --> 00:10:31,000 Speaker 1: and needwork on seven hundred WLW. 169 00:10:31,760 --> 00:10:32,520 Speaker 2: IndyCar News. 170 00:10:32,600 --> 00:10:35,720 Speaker 3: Ryan Hunter Ray, the twenty fourteen Indianapolis five hundred winner 171 00:10:35,720 --> 00:10:39,200 Speaker 3: and twenty twelve IndyCar Series champion, will be joining Aero 172 00:10:39,400 --> 00:10:42,679 Speaker 3: McClaren IndyCar team for the one hundred and tenth running 173 00:10:42,720 --> 00:10:45,640 Speaker 3: of the Indianapolis five hundred in May of twenty twenty six, 174 00:10:46,000 --> 00:10:48,840 Speaker 3: completing the team's four car linap for the month of May. 175 00:10:49,200 --> 00:10:52,640 Speaker 3: Ray on why the Indy five hundred favors older drivers 176 00:10:52,640 --> 00:10:53,439 Speaker 3: with experience. 177 00:10:53,480 --> 00:10:56,800 Speaker 4: It's complex, it really is. It is the toughest race 178 00:10:56,880 --> 00:10:59,559 Speaker 4: to win. It requires finesse at the right times. That 179 00:10:59,600 --> 00:11:03,080 Speaker 4: requires there's a massive amount of aggression at other times, 180 00:11:03,400 --> 00:11:05,080 Speaker 4: but you have to know when to apply those at 181 00:11:05,080 --> 00:11:07,440 Speaker 4: what time and when that's appropriate. And you also have 182 00:11:07,480 --> 00:11:09,959 Speaker 4: to keep the big picture mentality on everything that you do. 183 00:11:10,120 --> 00:11:11,040 Speaker 2: Everything, whether it. 184 00:11:11,000 --> 00:11:15,360 Speaker 4: Be in practice qualifying there, it's not just what's on 185 00:11:15,400 --> 00:11:17,880 Speaker 4: the surface, which you can operate at kind of at 186 00:11:17,880 --> 00:11:21,600 Speaker 4: that level at some other racetracks where it's just one 187 00:11:21,679 --> 00:11:24,439 Speaker 4: hundred percent aggression here on fire, it could pan out 188 00:11:24,440 --> 00:11:25,680 Speaker 4: for you the whole weekend at Indy. 189 00:11:26,400 --> 00:11:28,199 Speaker 5: It requires depth. 190 00:11:28,720 --> 00:11:32,120 Speaker 3: Motorsport reports that NASCAR is not ready to divulge details 191 00:11:32,160 --> 00:11:35,600 Speaker 3: of its new championship format, mostly because they haven't made 192 00:11:35,640 --> 00:11:38,920 Speaker 3: the final decisions on it yet. NASCAR is unlikely to 193 00:11:39,000 --> 00:11:42,880 Speaker 3: revert back to a season long championship without a playoff 194 00:11:43,240 --> 00:11:45,760 Speaker 3: on the track this weekend. Champions will be crowned at 195 00:11:45,760 --> 00:11:49,920 Speaker 3: the NHRI Finals in Pomona, California. A second World championship 196 00:11:49,960 --> 00:11:52,199 Speaker 3: in three years is all but certain for Doug Khalit 197 00:11:52,320 --> 00:11:54,839 Speaker 3: and Top Fuel. He will secure it by making a 198 00:11:54,960 --> 00:11:59,120 Speaker 3: qualifying pass. Austin Prock looks for another title and Funny Cars. 199 00:11:59,160 --> 00:12:01,480 Speaker 3: He holds a one hundred and one point lead over 200 00:12:01,520 --> 00:12:05,560 Speaker 3: Matt Hagan heading into NHRA's final weekend of the twenty 201 00:12:05,600 --> 00:12:08,920 Speaker 3: twenty five season. Dallas Glenn and Greg Anderson, a pair 202 00:12:08,960 --> 00:12:12,560 Speaker 3: of KB Titan Racing teammates, will battle it out this 203 00:12:12,720 --> 00:12:15,839 Speaker 3: weekend for the Pro Stock Crown of twenty twenty five, 204 00:12:16,120 --> 00:12:19,440 Speaker 3: and Richard Gaston holds a slight twenty one point ledge 205 00:12:19,640 --> 00:12:22,760 Speaker 3: over Vance and Hinz teammate Gage Herrera for the Pro 206 00:12:22,840 --> 00:12:24,320 Speaker 3: Stock Motorcycle Crown. 207 00:12:25,120 --> 00:12:28,240 Speaker 1: I love this is the raething report on America's Druging 208 00:12:28,320 --> 00:12:34,000 Speaker 1: Network on seven hundred WLW, Say Dennison a t N. 209 00:12:35,040 --> 00:12:37,000 Speaker 2: I saw this story the other well, actually we had 210 00:12:37,000 --> 00:12:39,720 Speaker 2: the story the other day talking about how they expect 211 00:12:39,760 --> 00:12:44,200 Speaker 2: and anticipate a record dollar amount in terms of retail 212 00:12:44,280 --> 00:12:47,520 Speaker 2: shoppings during the holiday season, during the Christmas season. And 213 00:12:47,880 --> 00:12:52,280 Speaker 2: if you notice, because Thanksgiving is so late in the month, 214 00:12:52,600 --> 00:12:56,600 Speaker 2: there is a shortened period of time between then November 215 00:12:56,640 --> 00:13:00,600 Speaker 2: the twenty seventh and Christmas Day, so you got basically 216 00:13:00,880 --> 00:13:03,960 Speaker 2: what a month and two days of the Christmas shopping season. 217 00:13:04,200 --> 00:13:07,240 Speaker 2: So if you notice, there's an awful lot of vendors, 218 00:13:07,240 --> 00:13:09,720 Speaker 2: a lot of stores that are trying to get ahead 219 00:13:09,760 --> 00:13:12,560 Speaker 2: of the ball of the game there, and you notice 220 00:13:12,600 --> 00:13:16,040 Speaker 2: all these I wish they would come up with a 221 00:13:16,080 --> 00:13:19,920 Speaker 2: different term I mean, you know, Black Friday used to 222 00:13:20,080 --> 00:13:23,960 Speaker 2: have a significance to it, the day after Thanksgiving when 223 00:13:24,000 --> 00:13:26,760 Speaker 2: people would have all their different sales and so on, 224 00:13:27,080 --> 00:13:29,280 Speaker 2: and then of course followed by the Monday of the 225 00:13:29,280 --> 00:13:34,040 Speaker 2: Cyber Monday sales. Now a early bird Black Friday sale 226 00:13:34,320 --> 00:13:37,720 Speaker 2: is kind of a ridiculous term, a pre holiday sale 227 00:13:38,000 --> 00:13:40,520 Speaker 2: or just hey, come up with a different term. But 228 00:13:40,559 --> 00:13:43,960 Speaker 2: to keep calling an early bird Black Friday sales or 229 00:13:44,240 --> 00:13:47,560 Speaker 2: Black Friday comes early or whatever. I mean, it is 230 00:13:47,640 --> 00:13:50,480 Speaker 2: just so lame. Come up with a different term. And 231 00:13:50,520 --> 00:13:52,760 Speaker 2: you know what, maybe tonight I'll think of that and 232 00:13:52,760 --> 00:13:54,840 Speaker 2: then on Tuesday Show, I'll come up with the term 233 00:13:54,880 --> 00:13:56,960 Speaker 2: that they can replace it with. But it's just, you know, 234 00:13:57,080 --> 00:13:59,760 Speaker 2: rushing the holiday season is bad enough. I mean, you 235 00:13:59,840 --> 00:14:03,000 Speaker 2: go going to some of these stores, what before they 236 00:14:03,000 --> 00:14:06,520 Speaker 2: even have the Halloween or the fall merchandise done before 237 00:14:07,559 --> 00:14:11,760 Speaker 2: the Halloween day October thirty, around the end of October, 238 00:14:11,920 --> 00:14:15,920 Speaker 2: and already they've got the Christmas stuff out there. I've seen. 239 00:14:15,960 --> 00:14:18,360 Speaker 2: I actually saw one store that almost seemed like they 240 00:14:18,360 --> 00:14:22,240 Speaker 2: were starting their Christmas stuff in there towards the end 241 00:14:22,280 --> 00:14:27,120 Speaker 2: of September, first part of October. Unbelievable. But again, when 242 00:14:27,120 --> 00:14:30,120 Speaker 2: you're trying to get that holiday dollar, when you're trying 243 00:14:30,120 --> 00:14:32,240 Speaker 2: to make those sales, when you're trying to get people 244 00:14:32,680 --> 00:14:35,960 Speaker 2: through the door and get your profits up. You got 245 00:14:35,960 --> 00:14:37,560 Speaker 2: to do what you got to do in order to 246 00:14:37,560 --> 00:14:39,600 Speaker 2: get people in the door. And when you're relying, and 247 00:14:39,600 --> 00:14:42,120 Speaker 2: when you have such a short holiday season, that's going 248 00:14:42,160 --> 00:14:47,160 Speaker 2: to be difficult. But anyway, they're anticipating over one trillion 249 00:14:47,280 --> 00:14:50,920 Speaker 2: dollars in holiday spending, which is a record, so which 250 00:14:50,920 --> 00:14:53,760 Speaker 2: shows the resilience of the American public, the fact that 251 00:14:53,800 --> 00:14:56,920 Speaker 2: the American public has decided that they're not going to 252 00:14:56,960 --> 00:14:59,520 Speaker 2: participate in this doom and gloom that they're spoon fed 253 00:14:59,560 --> 00:15:02,960 Speaker 2: regurgion in the mainstream media keep trying to force feed us. 254 00:15:03,200 --> 00:15:05,960 Speaker 2: And as we pointed out on this program, numerous times 255 00:15:06,160 --> 00:15:09,840 Speaker 2: when they throw a headline out there, the story doesn't 256 00:15:09,880 --> 00:15:12,840 Speaker 2: match the headline, and you know what's interesting, and I 257 00:15:12,840 --> 00:15:16,520 Speaker 2: don't you know, I don't know if it's a coincidence 258 00:15:16,680 --> 00:15:19,600 Speaker 2: or I'm just noticing it, or people are well, we 259 00:15:19,720 --> 00:15:22,400 Speaker 2: do know that on America's truck A network, we are 260 00:15:22,680 --> 00:15:25,960 Speaker 2: far ahead of the curve. Stuff we start talking about here. 261 00:15:26,480 --> 00:15:30,800 Speaker 2: It takes two, three, four, sometimes weeks months before other 262 00:15:30,840 --> 00:15:33,920 Speaker 2: people start talking about it. So when I make the comment, 263 00:15:33,960 --> 00:15:35,960 Speaker 2: and I've been making the comment pretty much all the 264 00:15:36,040 --> 00:15:38,920 Speaker 2: year long, that when you read the headline of the story, 265 00:15:39,000 --> 00:15:41,440 Speaker 2: and I point out that the younger people and a 266 00:15:41,480 --> 00:15:43,800 Speaker 2: lot of people, all they do is get their news 267 00:15:43,840 --> 00:15:46,840 Speaker 2: by the headlines and they don't dig into the story 268 00:15:47,040 --> 00:15:49,640 Speaker 2: as we do here on America's truck a Network and 269 00:15:49,720 --> 00:15:52,320 Speaker 2: get behind the numbers and show that hey, you know, 270 00:15:52,520 --> 00:15:56,280 Speaker 2: they contradict themselves here and that the actual story itself 271 00:15:56,360 --> 00:15:58,960 Speaker 2: doesn't match the headline. People are starting to mention this 272 00:15:59,000 --> 00:16:01,160 Speaker 2: more and more. I'm hearing more and more people talk 273 00:16:01,240 --> 00:16:04,200 Speaker 2: about it again Late to the game, Welcome to the 274 00:16:04,240 --> 00:16:06,960 Speaker 2: club gang. But we've been talking about that on America's 275 00:16:07,000 --> 00:16:09,360 Speaker 2: truck and Network for a number of months here, and 276 00:16:09,400 --> 00:16:11,240 Speaker 2: by the way, it would be a good time to 277 00:16:11,280 --> 00:16:14,040 Speaker 2: remind you that if you listen to America's truck and Network, 278 00:16:14,080 --> 00:16:15,560 Speaker 2: you're going to be so far ahead of the curve 279 00:16:15,760 --> 00:16:17,760 Speaker 2: they're not even going to see your tail lights. So 280 00:16:18,240 --> 00:16:21,520 Speaker 2: now we've got people starting to talk about the holiday 281 00:16:21,560 --> 00:16:23,640 Speaker 2: season and it's going to be robust, that the people 282 00:16:23,680 --> 00:16:26,360 Speaker 2: are are geared up and people are looking forward to 283 00:16:26,400 --> 00:16:29,240 Speaker 2: spending money. Well, we got a story here. FedEx profit 284 00:16:29,320 --> 00:16:34,400 Speaker 2: guidance eases holiday season worries. FedEx Corporation expects profit this 285 00:16:34,520 --> 00:16:38,080 Speaker 2: quarter to improve from a year ago, easing investor concerns 286 00:16:38,120 --> 00:16:43,240 Speaker 2: about a lackluster holiday season and volatile trade policies. All 287 00:16:43,320 --> 00:16:46,280 Speaker 2: year long, all we keep hearing about volatile trade policies, 288 00:16:46,320 --> 00:16:48,440 Speaker 2: the up and downs of terrorists, the up and downs 289 00:16:48,440 --> 00:16:55,760 Speaker 2: of this Trump's trade policies are disrupting things, and all 290 00:16:55,800 --> 00:16:58,080 Speaker 2: the doom and gloom, all the stuff that everybody was 291 00:16:58,080 --> 00:17:00,480 Speaker 2: worried about, panicked about, and all this sort of stuff, 292 00:17:00,680 --> 00:17:06,680 Speaker 2: Easing investor concerns about lackluster holiday seasoned sales and volatile 293 00:17:07,000 --> 00:17:13,080 Speaker 2: trade policies that never materialized. You know, again, when you 294 00:17:13,240 --> 00:17:17,200 Speaker 2: go into a negotiation and you say that, Okay, here's 295 00:17:17,240 --> 00:17:20,320 Speaker 2: what you're charging us, here's what we're going to charge 296 00:17:20,359 --> 00:17:24,600 Speaker 2: you unless you lower your prices, then that's the starting tool. 297 00:17:24,720 --> 00:17:28,879 Speaker 2: And I guess everybody assumed that, okay, raising of the 298 00:17:28,920 --> 00:17:31,800 Speaker 2: tariffs on these other countries, that that's going to be 299 00:17:32,040 --> 00:17:35,800 Speaker 2: permanent and that's not going to be reduced. If there 300 00:17:35,920 --> 00:17:41,080 Speaker 2: was a trade agreement between the two countries finalized and 301 00:17:41,119 --> 00:17:43,680 Speaker 2: hammered out, and when that's hammered out those tariffs that 302 00:17:43,720 --> 00:17:46,119 Speaker 2: were going to go into effect. And how many times 303 00:17:46,119 --> 00:17:49,520 Speaker 2: have these terrors been postponed because it appeared as though 304 00:17:49,680 --> 00:17:52,560 Speaker 2: that they were making some progress in the negotiation. So 305 00:17:53,000 --> 00:17:55,520 Speaker 2: in terms of the impact of these terraffs, it's been 306 00:17:55,680 --> 00:17:58,680 Speaker 2: very minimal. Anyway, what you're seeing right now, and according 307 00:17:58,760 --> 00:18:02,080 Speaker 2: to this Ari Rose an Analystic City group, what you're 308 00:18:02,119 --> 00:18:05,280 Speaker 2: seeing right now clearly is something of a relief rally 309 00:18:05,480 --> 00:18:08,880 Speaker 2: when people have been pretty negative on the prospects for 310 00:18:09,320 --> 00:18:14,000 Speaker 2: both FedEx and UPS. These are people that aren't looking 311 00:18:14,040 --> 00:18:16,840 Speaker 2: at the numbers. They're not concentrating on the numbers, they're 312 00:18:16,880 --> 00:18:18,840 Speaker 2: not seeing what is being done as far as the 313 00:18:18,880 --> 00:18:22,800 Speaker 2: economy is concerned. And again, focus just on the individual 314 00:18:22,840 --> 00:18:25,920 Speaker 2: headlines and not the details, you're gonna have this doom 315 00:18:25,920 --> 00:18:28,720 Speaker 2: and gloom that reflects a lot of challenges that these 316 00:18:28,720 --> 00:18:32,119 Speaker 2: companies have faced over the last twelve to twenty four months. 317 00:18:32,400 --> 00:18:36,240 Speaker 2: And again, when a company is facing these certain challenges, 318 00:18:36,440 --> 00:18:40,199 Speaker 2: they adapt. They just don't sit there and say, gee, whiz, 319 00:18:40,440 --> 00:18:42,840 Speaker 2: this is a problem, and you know what, we're gonna 320 00:18:42,840 --> 00:18:45,119 Speaker 2: stick our head in the sand. We're just gonna, you know, 321 00:18:45,240 --> 00:18:48,000 Speaker 2: pretend that it's not happening and then pull our heads 322 00:18:48,000 --> 00:18:50,680 Speaker 2: out later on and see what things look like. Maybe 323 00:18:50,680 --> 00:18:54,160 Speaker 2: the threat has passed. You know, not everybody out there 324 00:18:54,240 --> 00:18:57,919 Speaker 2: has the luxury or the stupidity of Gavin Newsom to 325 00:18:58,000 --> 00:19:01,560 Speaker 2: completely ignore what's going out and caning with high gas prices. 326 00:19:02,400 --> 00:19:06,840 Speaker 2: Eleven thousand structures out there destroyed by fires that they created, 327 00:19:06,920 --> 00:19:10,560 Speaker 2: that it was their fault and their mismanagement. They can 328 00:19:10,600 --> 00:19:13,720 Speaker 2: ignore that, And they can ignore the overruns on this 329 00:19:14,160 --> 00:19:16,639 Speaker 2: speed train that was supposed to be done that is 330 00:19:16,720 --> 00:19:22,280 Speaker 2: now hundreds hundreds of billions of dollars over budget and 331 00:19:22,359 --> 00:19:24,960 Speaker 2: so on, and they haven't even laid a rail yet. 332 00:19:25,080 --> 00:19:27,280 Speaker 2: So you know, you can ignore all that stuff, and 333 00:19:27,320 --> 00:19:32,560 Speaker 2: you can trot off to the Climate Change COP thirty 334 00:19:32,880 --> 00:19:39,320 Speaker 2: convention I guess it's convention or conference down there in 335 00:19:39,359 --> 00:19:42,840 Speaker 2: Brazil and talk about and go down there and trash 336 00:19:42,880 --> 00:19:47,119 Speaker 2: the United States and trash the president. Good for you, Gavin, 337 00:19:47,160 --> 00:19:50,720 Speaker 2: you you know, one of the most useful individuals around. 338 00:19:51,240 --> 00:19:53,159 Speaker 2: I just you know, you can't put your head in 339 00:19:53,160 --> 00:19:55,280 Speaker 2: the sand. These companies don't have the luxury of being 340 00:19:55,320 --> 00:19:57,719 Speaker 2: able to do that. They have to be proactive. They 341 00:19:57,800 --> 00:19:59,800 Speaker 2: got to change things, They got to make adjustments. That 342 00:19:59,840 --> 00:20:03,040 Speaker 2: got to be resilient, and it shows in these companies 343 00:20:03,119 --> 00:20:05,760 Speaker 2: and when their bottom lines improved as a result of 344 00:20:05,800 --> 00:20:09,000 Speaker 2: the changes they made. The package delivery industry has seen 345 00:20:09,600 --> 00:20:12,120 Speaker 2: has been grappling with uncertain demand ahead of the peak 346 00:20:12,200 --> 00:20:17,320 Speaker 2: cheap shipping season and rising costs from Donald Trump's tariffs. 347 00:20:18,640 --> 00:20:21,639 Speaker 2: They always have to throw that in there. FedEx and 348 00:20:21,760 --> 00:20:26,280 Speaker 2: UPS are also expected to encounter disruptions and higher expenses 349 00:20:26,440 --> 00:20:29,879 Speaker 2: from the grounding of their MD eleven aircraft following the 350 00:20:29,880 --> 00:20:33,920 Speaker 2: fatal craft last week from the UPS freightliner. The grounding 351 00:20:33,960 --> 00:20:37,680 Speaker 2: could be more burdensome for UPS because the plane accounts 352 00:20:37,680 --> 00:20:41,520 Speaker 2: for about nine percent of their total freek fleet. Brian 353 00:20:41,640 --> 00:20:45,080 Speaker 2: austen Beck and analysts the JP Morgan Securities, the latest 354 00:20:45,080 --> 00:20:48,600 Speaker 2: developments are pushing the couriers to turn to third party 355 00:20:48,680 --> 00:20:51,960 Speaker 2: charters to maintain operations. So that's good for some of 356 00:20:52,000 --> 00:20:54,439 Speaker 2: the people in the trucking industry because if these planes 357 00:20:54,440 --> 00:20:56,520 Speaker 2: have been grounded, they're going to have to do and 358 00:20:56,560 --> 00:21:00,200 Speaker 2: move the merchandise some other way other than by those planes, 359 00:21:00,359 --> 00:21:02,520 Speaker 2: and a lot of that's going to be moved by trucks, 360 00:21:02,600 --> 00:21:05,720 Speaker 2: So that's good news for the trucking industry. And again 361 00:21:06,000 --> 00:21:08,520 Speaker 2: showing a bit of resilience. You don't sit back and say, well, 362 00:21:08,520 --> 00:21:10,600 Speaker 2: ge whiz, our planes have been grounded. I guess we 363 00:21:10,680 --> 00:21:13,160 Speaker 2: just can't deliver these package. No, they're going to find 364 00:21:13,160 --> 00:21:15,439 Speaker 2: some way of delivering those packages, if they have to 365 00:21:15,440 --> 00:21:18,159 Speaker 2: go through third party operations or not. They're going to 366 00:21:18,200 --> 00:21:21,480 Speaker 2: adapt to the situation. Coming up, we've got some story. 367 00:21:21,560 --> 00:21:25,560 Speaker 2: I've got a story about ACT research reveals how fast 368 00:21:25,640 --> 00:21:29,840 Speaker 2: the trucking capacity is shrinking. That's good news. Well, I 369 00:21:29,840 --> 00:21:32,440 Speaker 2: mean in terms of freight rais is going, freight rates 370 00:21:32,480 --> 00:21:35,679 Speaker 2: going up. I'm Kevin Gordon, America's Trucking Network seven hundred 371 00:21:35,920 --> 00:21:42,919 Speaker 2: WLW News Traffic and Weather News Radio seven hundred wl 372 00:21:43,240 --> 00:21:45,160 Speaker 2: W Cincinnati. 373 00:21:46,000 --> 00:21:49,000 Speaker 6: That House will vote soon on whether to force the 374 00:21:49,040 --> 00:21:53,840 Speaker 6: release of all remaining Jeffrey Epstein files. With your twelve 375 00:21:53,920 --> 00:21:58,640 Speaker 6: thirty report, I'm Travis Laird breaking now, a bipartisan petition 376 00:21:58,760 --> 00:22:02,400 Speaker 6: has reached the required two hundred and eighteen signatures. After 377 00:22:02,480 --> 00:22:06,360 Speaker 6: Arizona's Adelita Grihalva was sworn in and added her name, 378 00:22:06,480 --> 00:22:10,920 Speaker 6: four Republicans have joined Democrats Lauren Bobert, Nancy Mace, Marjorie 379 00:22:10,960 --> 00:22:15,159 Speaker 6: Taylor Green, and Thomas Massey of Kentucky. ABC's at Stephen 380 00:22:15,200 --> 00:22:19,480 Speaker 6: Portnoy has what comes next. After unsuccessfully applying pressure on 381 00:22:19,520 --> 00:22:22,000 Speaker 6: a handful of GOP colleagues to keep their names off 382 00:22:22,000 --> 00:22:24,800 Speaker 6: a petition that would force a vote, Speaker Mike Johnson 383 00:22:24,840 --> 00:22:27,119 Speaker 6: says he'll put the Epstein Files bill on the floor 384 00:22:27,160 --> 00:22:30,040 Speaker 6: next week. It could pass the House, but even if 385 00:22:30,040 --> 00:22:31,840 Speaker 6: it does, there's no guarantee it would be put to 386 00:22:31,880 --> 00:22:33,919 Speaker 6: a vote in the Senate, and even if it passed 387 00:22:33,920 --> 00:22:36,919 Speaker 6: both houses, there's no guarantee President Trump would sign it. 388 00:22:37,320 --> 00:22:41,000 Speaker 6: We'll see what happens next week. WEB the time. 389 00:22:42,640 --> 00:22:45,640 Speaker 7: On the way to Friday morning mostly clear. We'll see 390 00:22:45,640 --> 00:22:50,040 Speaker 7: a morning low of thirty seven our Friday, though increasing clouds, 391 00:22:50,160 --> 00:22:52,720 Speaker 7: a slight chance of a shower, a high of fifty 392 00:22:52,840 --> 00:22:55,439 Speaker 7: nine at night We're cloudy, and a low down to 393 00:22:55,520 --> 00:22:59,720 Speaker 7: forty six. That's the forecast. I'm nine first warning. Chief 394 00:22:59,720 --> 00:23:05,320 Speaker 7: meeting zeurologist Steve Rawley now right now forty degrees. In Cincinnati, 395 00:23:05,480 --> 00:23:09,960 Speaker 7: WCPO says the Beauty Artistry Academy in Eastgate took full 396 00:23:09,960 --> 00:23:13,040 Speaker 7: tuition from students this year, but then shut down with 397 00:23:13,200 --> 00:23:16,480 Speaker 7: almost no warning. The owner blames federal funding cuts. In 398 00:23:16,520 --> 00:23:17,680 Speaker 7: a bank backing out of. 399 00:23:17,640 --> 00:23:21,480 Speaker 6: A refinance deal, but parents say the school never disclosed 400 00:23:21,560 --> 00:23:26,120 Speaker 6: any financial trouble before closing in September. The academy wasn't accredited, 401 00:23:26,240 --> 00:23:29,840 Speaker 6: so students can't use federal loans and have limited options 402 00:23:29,880 --> 00:23:33,359 Speaker 6: to get their money back. Some were offered partial refunds, 403 00:23:33,400 --> 00:23:36,480 Speaker 6: others say they got nothing. Many have now transferred to 404 00:23:36,560 --> 00:23:40,160 Speaker 6: other programs while filing complaints with the Ohio Attorney General 405 00:23:40,680 --> 00:23:43,680 Speaker 6: help us Lee Mallin, You're our only hope. 406 00:23:43,840 --> 00:23:48,000 Speaker 2: Seven hundred WLW Sports. 407 00:23:47,520 --> 00:23:51,000 Speaker 5: Trey Hendrickson, Samaji p Ryan Schamar Stewart did not practice 408 00:23:51,040 --> 00:23:53,560 Speaker 5: for a second straight day for the Bengals. Jermaine Burton 409 00:23:53,560 --> 00:23:56,920 Speaker 5: and Lucas Patrick also not practicing. Joe Flacco and Bj 410 00:23:57,119 --> 00:24:00,399 Speaker 5: Hill were limited Bengals at the Steelers Sunday afternoon one 411 00:24:00,880 --> 00:24:04,520 Speaker 5: Red's higher bullpen coach Oscar Marine Matt Tracy becomes the 412 00:24:04,560 --> 00:24:08,480 Speaker 5: new assistant pitching coach Simon Matthews leave Cincinnati to become 413 00:24:08,480 --> 00:24:11,720 Speaker 5: the new pitching coach of the Nationals and Cyclones, announcing 414 00:24:11,760 --> 00:24:15,640 Speaker 5: Ford Ben King and Goalieken Appleby are now with the AHLs. 415 00:24:15,680 --> 00:24:16,160 Speaker 2: Toronto. 416 00:24:16,240 --> 00:24:20,280 Speaker 5: Marley's Cyclones host the Walleye Friday Night at seven thirty five. 417 00:24:20,560 --> 00:24:23,439 Speaker 6: Thank you so much, Lee Mawen. Your twelve thirty news 418 00:24:23,680 --> 00:24:26,880 Speaker 6: is a service of Progressive Insurance. You'll hear from Lee 419 00:24:26,920 --> 00:24:30,440 Speaker 6: again at one o'clock breaking news anytime. I'm Travis Laird. 420 00:24:30,520 --> 00:24:34,760 Speaker 6: News Radio seven hundred WLW switched to America's number one 421 00:24:34,760 --> 00:24:38,400 Speaker 6: commercial truck and sure visit Progressivecommercial dot Com. 422 00:24:39,080 --> 00:24:41,280 Speaker 2: Johnny the kids didn't come home last night? 423 00:24:41,720 --> 00:24:49,119 Speaker 8: Along the central text, here's your trucking forecast for the 424 00:24:49,160 --> 00:24:51,000 Speaker 8: Try State and the rest of the country and the 425 00:24:51,040 --> 00:24:54,080 Speaker 8: Try State. Overnight mostly clear, the low down to thirty seven, 426 00:24:54,240 --> 00:24:57,080 Speaker 8: mostly sunny Friday, with a slight chance of afternoon rain. 427 00:24:57,160 --> 00:24:59,920 Speaker 8: A high of sixty one, mostly claudy Saturday. The high 428 00:25:00,119 --> 00:25:03,720 Speaker 8: year seventy, sunny and cooler Sunday, a high fifty six. 429 00:25:04,080 --> 00:25:07,240 Speaker 8: Nationally through Saturday, heavy rain and heavy mountain snow, along 430 00:25:07,240 --> 00:25:09,400 Speaker 8: with strong winds will be seen in parts of California. 431 00:25:09,480 --> 00:25:12,840 Speaker 8: The West and central US will see above average temperatures. Meanwhile, 432 00:25:13,000 --> 00:25:15,760 Speaker 8: rain and storms will be seen in the Great Lakes region. 433 00:25:15,800 --> 00:25:23,560 Speaker 2: Saturday. Seven hundred WLW im Kevin Gordon. This as America 434 00:25:23,600 --> 00:25:25,880 Speaker 2: struck In Network. If you missed any part of our program, 435 00:25:26,000 --> 00:25:28,119 Speaker 2: hit up that iHeartRadio app brought to you by our 436 00:25:28,119 --> 00:25:31,240 Speaker 2: friends at Rush Truck Centers. Before I get to this story, 437 00:25:31,359 --> 00:25:35,920 Speaker 2: on act researches reveals how fast trucking capacity is shrinking. 438 00:25:36,320 --> 00:25:38,879 Speaker 2: One of the reasons for that. These two stories will 439 00:25:39,040 --> 00:25:41,440 Speaker 2: kind of add to that, and it's a good thing, 440 00:25:41,560 --> 00:25:48,359 Speaker 2: quite honestly. Oklahoma and ICE launch second I forty CDL crackdown. 441 00:25:48,640 --> 00:25:53,679 Speaker 2: Oklahoma Highway Patrol and ICE detained seventy people, including thirty 442 00:25:53,680 --> 00:25:57,720 Speaker 2: four commercial drivers, in the US illegally during the fifteen 443 00:25:57,800 --> 00:26:02,200 Speaker 2: hour interstate forty sting of the Arkansas border. The operation 444 00:26:02,440 --> 00:26:06,719 Speaker 2: part of Operation Guardian involved two hundred and nine vehicle 445 00:26:06,760 --> 00:26:13,080 Speaker 2: inspections targeting drivers lacking legal status or English proficiency. According 446 00:26:13,119 --> 00:26:16,440 Speaker 2: to the state officials. Now with the mandate from Sean 447 00:26:16,520 --> 00:26:20,919 Speaker 2: Duffy in the Transportation Department, that regulation in terms of 448 00:26:21,000 --> 00:26:24,720 Speaker 2: English language proficiency, which has always been part of the 449 00:26:24,840 --> 00:26:30,080 Speaker 2: FMCSA Federal Motor Carrier Safety Administration Guidebook, which is classifies 450 00:26:30,280 --> 00:26:34,280 Speaker 2: as an out of service violation. That out of service 451 00:26:34,359 --> 00:26:39,840 Speaker 2: violation was rescinded or not enforced during the latter part 452 00:26:39,960 --> 00:26:43,200 Speaker 2: of the last few months of the Obama administration, although 453 00:26:43,400 --> 00:26:47,560 Speaker 2: the illegal aliens in this country at that point wasn't 454 00:26:47,560 --> 00:26:51,480 Speaker 2: that much. There were still some available or there was 455 00:26:51,560 --> 00:26:54,280 Speaker 2: still some and I think the estimates were something along 456 00:26:54,280 --> 00:26:57,439 Speaker 2: the line of six thousand throughout the entire country at 457 00:26:57,440 --> 00:27:01,040 Speaker 2: that time. But with the invasion that we saw, and 458 00:27:01,080 --> 00:27:04,120 Speaker 2: that's why that I guess that loophole wasn't closed during 459 00:27:04,160 --> 00:27:09,600 Speaker 2: the first Trump administration, but in the Biden administration, when 460 00:27:09,840 --> 00:27:14,200 Speaker 2: the invasion of this country happened through the southern border 461 00:27:14,200 --> 00:27:17,240 Speaker 2: and the northern border and every place else, there's more 462 00:27:17,320 --> 00:27:20,640 Speaker 2: of these illegal aliens that have somehow gotten well. We've 463 00:27:20,680 --> 00:27:23,639 Speaker 2: seen some of the instances how they got driver's license 464 00:27:23,680 --> 00:27:27,919 Speaker 2: and stuff, but not passing the English language proficiency. And 465 00:27:28,200 --> 00:27:31,400 Speaker 2: this hasn't been enforced by the Department of Transportation during 466 00:27:31,400 --> 00:27:35,080 Speaker 2: a Biden administration. So now this is being enforced and 467 00:27:35,320 --> 00:27:38,680 Speaker 2: those people are being turned out of service, So that 468 00:27:38,760 --> 00:27:41,680 Speaker 2: will make not only make the roads a lot safer, 469 00:27:41,880 --> 00:27:45,560 Speaker 2: but then also drop down that capacity in terms of 470 00:27:45,840 --> 00:27:49,080 Speaker 2: how many. You know, when you've got people that are 471 00:27:49,080 --> 00:27:52,480 Speaker 2: willing to come into a country and they're already illegal 472 00:27:53,080 --> 00:27:56,879 Speaker 2: and they are willing to drive and operate for less 473 00:27:56,920 --> 00:28:00,399 Speaker 2: than what the normal wages are, that pushes the ages 474 00:28:00,440 --> 00:28:02,439 Speaker 2: down for the rest of people. If they're willing to 475 00:28:03,160 --> 00:28:05,760 Speaker 2: haul freight, or the companies they work for willing to 476 00:28:05,800 --> 00:28:08,560 Speaker 2: haul freight for less than what can be done. Those 477 00:28:08,600 --> 00:28:11,760 Speaker 2: depress the markets. So if you weed that out and 478 00:28:11,800 --> 00:28:14,120 Speaker 2: get rid of the drivers that are creating the safety 479 00:28:14,119 --> 00:28:16,800 Speaker 2: problems on the road and get them off the road, 480 00:28:17,560 --> 00:28:21,760 Speaker 2: freight rates will go up. Now, the operation Operation Guardian 481 00:28:21,760 --> 00:28:25,600 Speaker 2: involved two hundred nine vehicles. Governor ken Stitt has said 482 00:28:25,680 --> 00:28:30,280 Speaker 2: Oklahoma will continue enforcing immigration and safety laws for truckers 483 00:28:30,520 --> 00:28:35,240 Speaker 2: as other states joined similar interstate crackdowns. Now, you remember 484 00:28:35,280 --> 00:28:38,040 Speaker 2: when they did this a couple months ago, they caught 485 00:28:38,120 --> 00:28:41,280 Speaker 2: all kinds of flag from the spoon fed regurgitators in 486 00:28:41,320 --> 00:28:44,000 Speaker 2: the mainstream media saying how can you do this? This 487 00:28:44,040 --> 00:28:47,000 Speaker 2: is so cruel and blah blah blah. Well, you know, 488 00:28:48,040 --> 00:28:50,800 Speaker 2: do you want your family out on the road with 489 00:28:50,920 --> 00:28:55,360 Speaker 2: somebody who doesn't understand English, that can't read road signs 490 00:28:55,960 --> 00:28:58,760 Speaker 2: that if they are even if they do have some 491 00:28:58,960 --> 00:29:02,240 Speaker 2: sort of an app where they have on their phones. 492 00:29:02,480 --> 00:29:06,719 Speaker 2: And I've seen this at hotels and stuff where if 493 00:29:06,720 --> 00:29:11,120 Speaker 2: you're talking to somebody that is, you know, housekeeping or whatever, 494 00:29:11,480 --> 00:29:13,600 Speaker 2: and you ask them a question, they'll kind of put 495 00:29:13,640 --> 00:29:17,040 Speaker 2: up their finger the index finger, mind you, but to 496 00:29:17,160 --> 00:29:19,400 Speaker 2: kind of halt you for a second. So they pull 497 00:29:19,440 --> 00:29:22,120 Speaker 2: out their phone and then they ask you to repeat 498 00:29:22,280 --> 00:29:24,280 Speaker 2: or you know, say what you said, and then they 499 00:29:24,280 --> 00:29:27,280 Speaker 2: can look at their phone and it automatically translates that. Well, 500 00:29:27,320 --> 00:29:31,479 Speaker 2: imagine if you're out on the road and you're reading 501 00:29:32,480 --> 00:29:34,360 Speaker 2: and you're trying to figure out where you are, and 502 00:29:34,400 --> 00:29:36,720 Speaker 2: you're looking at your phone and you're waiting for that 503 00:29:36,920 --> 00:29:39,520 Speaker 2: to come back and tell you where to turn or 504 00:29:39,720 --> 00:29:43,120 Speaker 2: how to turn, or keeping in communication distracting you from 505 00:29:43,120 --> 00:29:46,120 Speaker 2: the road itself. How that's going to cause a safety 506 00:29:46,160 --> 00:29:48,400 Speaker 2: issue out on the road. And why anybody in the 507 00:29:48,480 --> 00:29:52,520 Speaker 2: right mind would issue a driver's license, or especially a 508 00:29:52,520 --> 00:29:55,680 Speaker 2: CDL license to somebody that's going to be operating an 509 00:29:55,680 --> 00:29:59,800 Speaker 2: eighty thousand pounds vehicle out on the highway that doesn't 510 00:30:00,240 --> 00:30:03,120 Speaker 2: display the proficiency had been able to handle that truck 511 00:30:03,480 --> 00:30:08,240 Speaker 2: is absolutely beyond me. But anyway, Oklahoma Ice has launched 512 00:30:08,280 --> 00:30:13,160 Speaker 2: a second CDL crackdown looking good, and we'll see some 513 00:30:13,200 --> 00:30:15,680 Speaker 2: of the results of that in the coming days. But 514 00:30:15,720 --> 00:30:19,680 Speaker 2: it's interesting. It was a fifteen hour sting called Operation Guardian. 515 00:30:20,040 --> 00:30:22,600 Speaker 2: Now kind of on the heels of that, mind you, 516 00:30:22,960 --> 00:30:26,800 Speaker 2: California has been resisting. They have been saying, hey, we're 517 00:30:26,800 --> 00:30:29,000 Speaker 2: not going to comply with this stuff. We're not going 518 00:30:29,080 --> 00:30:34,560 Speaker 2: to comply with Duffies Sean Duffy's mandate to review all 519 00:30:34,600 --> 00:30:37,640 Speaker 2: of the CDL licenses and see which one of those 520 00:30:37,680 --> 00:30:41,640 Speaker 2: have been issued to illegal aliens or people whose work 521 00:30:41,720 --> 00:30:44,680 Speaker 2: visus have expired and all this. They don't want to 522 00:30:44,680 --> 00:30:49,680 Speaker 2: comply with that. So there's been transportation funds withheld from 523 00:30:49,800 --> 00:30:53,080 Speaker 2: the state of California. And of course, rather than fixing 524 00:30:53,120 --> 00:30:56,440 Speaker 2: their fixing the problem out there, what do they do. 525 00:30:56,800 --> 00:31:02,640 Speaker 2: They sue the FMCSA, sue the Trump administration and try 526 00:31:02,680 --> 00:31:05,160 Speaker 2: to tie this up in court. And they say, we 527 00:31:05,240 --> 00:31:09,000 Speaker 2: don't have a problem out here. We have complied with 528 00:31:09,080 --> 00:31:13,680 Speaker 2: the law. Oh really, well, California to revoke seventeen thousand 529 00:31:13,760 --> 00:31:18,240 Speaker 2: CDLs for immigrants, its expiration dates went past when the 530 00:31:18,320 --> 00:31:21,960 Speaker 2: drivers were legally allowed to be in the US. This 531 00:31:22,040 --> 00:31:24,840 Speaker 2: is one of the things we talked about before. If 532 00:31:24,920 --> 00:31:29,080 Speaker 2: you are issuing a driver's license to somebody, one of 533 00:31:29,120 --> 00:31:31,840 Speaker 2: the things you should check in is make sure that 534 00:31:31,960 --> 00:31:34,880 Speaker 2: number one, they have a work visa, that they are 535 00:31:34,960 --> 00:31:38,280 Speaker 2: authorized to work in this country. And then when you 536 00:31:38,320 --> 00:31:41,720 Speaker 2: look at that visa or you look at that work authority, 537 00:31:42,040 --> 00:31:44,959 Speaker 2: how long are they allowed to work? You don't issue 538 00:31:45,000 --> 00:31:48,480 Speaker 2: them a license that goes beyond the date of when 539 00:31:48,480 --> 00:31:53,160 Speaker 2: they're supposed to when their visa runs out, that's just crazy. 540 00:31:53,840 --> 00:31:56,400 Speaker 2: That gives them an opportunity to keep out there and 541 00:31:56,520 --> 00:31:59,160 Speaker 2: keep on the road past the time that they're supposed 542 00:31:59,160 --> 00:32:01,160 Speaker 2: to either renew it or get out of the country. 543 00:32:01,400 --> 00:32:04,080 Speaker 2: And again, those kinds of things are what depresses the 544 00:32:04,080 --> 00:32:07,200 Speaker 2: freight rates around and makes it difficult on other people 545 00:32:07,200 --> 00:32:10,800 Speaker 2: out there to make a living. But again, if California 546 00:32:10,840 --> 00:32:13,600 Speaker 2: doesn't have a problem, then why are they withholding or 547 00:32:13,680 --> 00:32:19,960 Speaker 2: they revoking seventeen thousand CDLs the things that make you go. 548 00:32:21,000 --> 00:32:26,360 Speaker 2: Fatal crashes in Texas and Alabama highlighted the questions about licenses. 549 00:32:27,560 --> 00:32:32,160 Speaker 2: Transportation Secretary Duffy revoked forty million dollars in federal funding 550 00:32:32,200 --> 00:32:36,400 Speaker 2: for California over English language enforcement. Now I think that 551 00:32:36,480 --> 00:32:39,040 Speaker 2: number has gone up to over one hundred million dollars 552 00:32:39,040 --> 00:32:42,800 Speaker 2: if I'm not mistaken. The announcement follows harsh criticism from 553 00:32:42,800 --> 00:32:46,640 Speaker 2: the Trump administration about California and other states granting licenses 554 00:32:46,680 --> 00:32:50,240 Speaker 2: to people in the country illegally. The issue was thrust 555 00:32:50,320 --> 00:32:54,840 Speaker 2: into public consciousness in August when attractor trailer not authorized 556 00:32:54,880 --> 00:32:57,080 Speaker 2: to be in the US made an illegal U turn 557 00:32:57,120 --> 00:33:00,200 Speaker 2: and caused the crash in Florida and killed three people. Then, 558 00:33:00,240 --> 00:33:03,560 Speaker 2: of course, we had that accident last month where the 559 00:33:03,600 --> 00:33:08,680 Speaker 2: person and you know, he was impaired, he was on drugs, 560 00:33:09,960 --> 00:33:13,280 Speaker 2: tested positive for that and apparently, I mean, if you 561 00:33:13,320 --> 00:33:15,160 Speaker 2: look at the video, like I said, it was one 562 00:33:15,200 --> 00:33:18,000 Speaker 2: of the most horrific crashes I've seen. The guy didn't 563 00:33:18,040 --> 00:33:21,040 Speaker 2: even break I don't know if he was asleep, I 564 00:33:21,080 --> 00:33:22,960 Speaker 2: don't know if he passed out, I don't know. I 565 00:33:22,960 --> 00:33:25,400 Speaker 2: don't see any of the details of that. But he 566 00:33:25,560 --> 00:33:28,560 Speaker 2: just came plowing into all these trucks again or these 567 00:33:28,640 --> 00:33:32,440 Speaker 2: vehicles that were stopped or slowed down. Killed three people there. 568 00:33:32,720 --> 00:33:37,440 Speaker 2: So again this enforcement going on in California actually starting 569 00:33:37,440 --> 00:33:40,160 Speaker 2: to revoke some of these licenses. I mean, I thought 570 00:33:40,200 --> 00:33:42,240 Speaker 2: they didn't have a problem out there. I thought that 571 00:33:42,320 --> 00:33:46,040 Speaker 2: they were saying that we've been complying fully and completely 572 00:33:46,360 --> 00:33:51,160 Speaker 2: with the law and what the government has been mandating, 573 00:33:51,440 --> 00:33:54,400 Speaker 2: and were in compliance with the federal laws. And of 574 00:33:54,400 --> 00:33:58,960 Speaker 2: course let's see Gavin Newsom Nwisman's office said the state 575 00:33:59,320 --> 00:34:02,640 Speaker 2: followed Guy idents it received from the US Department of 576 00:34:02,680 --> 00:34:07,320 Speaker 2: Homeland Security about issuing these license to non citizens. Oh really, 577 00:34:07,640 --> 00:34:11,479 Speaker 2: then again, why are you now starting to revoke these 578 00:34:11,560 --> 00:34:15,320 Speaker 2: Apparently you weren't doing that. You were going under basically 579 00:34:15,360 --> 00:34:18,800 Speaker 2: the rules from the prior administration. But as in any 580 00:34:18,880 --> 00:34:24,680 Speaker 2: executive order or any type of inter departmental I guess, 581 00:34:24,719 --> 00:34:30,480 Speaker 2: decision or mandate or resolution, those are the rules. Now. 582 00:34:30,880 --> 00:34:34,160 Speaker 2: You don't refer back to the rules before and say 583 00:34:34,400 --> 00:34:39,280 Speaker 2: we're operating accurately under those rules. No, if the rules change, 584 00:34:39,400 --> 00:34:42,719 Speaker 2: you have to comply with that. Coming up, let's get 585 00:34:42,760 --> 00:34:46,000 Speaker 2: to that story about ACT Research. I'm Kevin Gordon, America's 586 00:34:46,000 --> 00:34:50,160 Speaker 2: Trucking Network seven hundred WLW, run a business and not 587 00:34:50,280 --> 00:35:01,960 Speaker 2: thinking about podcasting. Think again, Yes, as America'strucking Network seven 588 00:35:02,040 --> 00:35:08,280 Speaker 2: hundred WLW. ACT Research reveals how fast trucking capacity is strengthening, 589 00:35:09,080 --> 00:35:12,880 Speaker 2: and of course ACT stands for America's America's Commercial Transportation 590 00:35:13,080 --> 00:35:17,239 Speaker 2: Research Company ACT Research. October Research is one of the 591 00:35:17,280 --> 00:35:21,240 Speaker 2: first comprehensive looks at the trucking market since English language 592 00:35:21,239 --> 00:35:25,600 Speaker 2: proficiency enforcement has been tough and impacts to trucking capacity 593 00:35:25,680 --> 00:35:29,440 Speaker 2: are clear. What isn't obvious though, is whether the demand 594 00:35:29,520 --> 00:35:32,680 Speaker 2: side on the market will show up. The ACT for 595 00:35:32,840 --> 00:35:36,600 Speaker 2: HI Trucking Index depicts the landscape where for higher truck 596 00:35:36,680 --> 00:35:41,600 Speaker 2: capacity is contracting. According to the report, capacity index increased 597 00:35:41,640 --> 00:35:45,120 Speaker 2: by two point one points month over months to forty 598 00:35:45,160 --> 00:35:48,960 Speaker 2: seven point five in September. This tells us the capacity 599 00:35:49,040 --> 00:35:55,280 Speaker 2: is indeed contracting. Analyst Carter Weith from ACT Research highlighted 600 00:35:55,320 --> 00:35:59,520 Speaker 2: the crucial aspect. The key piece regarding the capacity is 601 00:35:59,560 --> 00:36:03,719 Speaker 2: the thirty two percent reduction in tractor build from H 602 00:36:03,840 --> 00:36:06,759 Speaker 2: one to H two the first half of the year, 603 00:36:07,680 --> 00:36:11,120 Speaker 2: first half and second half of the year, which notably 604 00:36:11,239 --> 00:36:15,359 Speaker 2: to tractor build below the replacement levels. This substantial cut 605 00:36:15,360 --> 00:36:18,240 Speaker 2: and tractor builds is shrinking the overall number of units 606 00:36:18,280 --> 00:36:22,160 Speaker 2: available to the US market. And again, when you have 607 00:36:22,640 --> 00:36:26,520 Speaker 2: these tractors, the number of tractors available out on the road, 608 00:36:27,080 --> 00:36:31,040 Speaker 2: the laws of supply and demand come into effect. If 609 00:36:31,080 --> 00:36:34,960 Speaker 2: you have fewer items and you have a bigger demand 610 00:36:35,480 --> 00:36:39,640 Speaker 2: than the cost to comply or the cost to move 611 00:36:39,719 --> 00:36:43,960 Speaker 2: that goods, those will increase and will increase those freight rates, 612 00:36:44,200 --> 00:36:47,120 Speaker 2: which will get them back up to where they should 613 00:36:47,160 --> 00:36:50,440 Speaker 2: be and where we get out of this trucking recession 614 00:36:50,480 --> 00:36:53,360 Speaker 2: that we've been in, and again to emphasize people in 615 00:36:54,000 --> 00:36:57,000 Speaker 2: that are not in the trucking industry generally, anybody that 616 00:36:57,040 --> 00:36:59,400 Speaker 2: has been in the trucking industry for a number of years, 617 00:36:59,600 --> 00:37:03,880 Speaker 2: they stand. You have peaks and valleys, Like in all businesses, 618 00:37:03,960 --> 00:37:07,359 Speaker 2: you have certain years where you're just making a lot 619 00:37:07,360 --> 00:37:10,000 Speaker 2: of money and things are going well, and then certain 620 00:37:10,040 --> 00:37:13,120 Speaker 2: things happen and you make a little bit of a dip, 621 00:37:13,640 --> 00:37:16,400 Speaker 2: and so you try to even those out over the years. 622 00:37:16,640 --> 00:37:19,279 Speaker 2: But what they and generally and when you have a 623 00:37:19,360 --> 00:37:24,080 Speaker 2: trucking recession, those trucking recessions usually last between twelve and 624 00:37:24,120 --> 00:37:27,680 Speaker 2: fourteen months. We are now double that amount in the 625 00:37:27,719 --> 00:37:30,759 Speaker 2: trucking industry to where we are in the third year 626 00:37:30,880 --> 00:37:33,879 Speaker 2: basically of a trucking recession. And this all started as 627 00:37:33,880 --> 00:37:36,960 Speaker 2: a result after the pandemic, because so many people came 628 00:37:37,000 --> 00:37:39,600 Speaker 2: into the marketplace seeing that they could make a lot 629 00:37:39,640 --> 00:37:42,239 Speaker 2: of money because freight rates were high. So a lot 630 00:37:42,239 --> 00:37:45,720 Speaker 2: of people jumped into the marketplace and they stayed around. 631 00:37:46,080 --> 00:37:48,640 Speaker 2: And then because they stayed around and they could afford 632 00:37:48,719 --> 00:37:51,920 Speaker 2: possibly to carry freight for a little bit less than 633 00:37:51,960 --> 00:37:54,640 Speaker 2: they were doing that, which was depressing the prices and 634 00:37:54,680 --> 00:37:57,360 Speaker 2: as we've seen with the influx and the invasion that 635 00:37:57,400 --> 00:38:00,160 Speaker 2: we had from the southern border with illegal immigran and 636 00:38:00,320 --> 00:38:03,799 Speaker 2: also out there driving and working for some of these companies. 637 00:38:03,840 --> 00:38:06,400 Speaker 2: And quite honestly, the crackdown needs to be on some 638 00:38:06,440 --> 00:38:09,520 Speaker 2: of these companies that have hired these people. That'll thin 639 00:38:09,600 --> 00:38:11,880 Speaker 2: the herd as well. But they are going through this 640 00:38:11,960 --> 00:38:15,760 Speaker 2: analysis in tandem with the capacity contraction. The heightened enforcement 641 00:38:15,760 --> 00:38:19,400 Speaker 2: of ELP standards by the Federal Motor Carrier Safety Administration 642 00:38:19,800 --> 00:38:22,560 Speaker 2: is poised to clean up the industry driver pool and 643 00:38:22,640 --> 00:38:27,240 Speaker 2: potentially constrain capacity in a material well way. As noted 644 00:38:27,280 --> 00:38:30,600 Speaker 2: in ACTS research, ten percent of drivers might not meet 645 00:38:30,680 --> 00:38:35,680 Speaker 2: these standards, potentially creating a capacity crunch in the less 646 00:38:35,680 --> 00:38:40,240 Speaker 2: compliant lower end of the spot market where many freight 647 00:38:40,280 --> 00:38:45,799 Speaker 2: brokers cover their shipments. Stricter ELP requirements may cause a 648 00:38:45,840 --> 00:38:52,040 Speaker 2: significant reshuffling of the labor market, fundamentally impacting the availability 649 00:38:52,239 --> 00:38:56,120 Speaker 2: of qualified drivers. Now that is a good thing because 650 00:38:56,120 --> 00:38:59,680 Speaker 2: if safety is the issue, and if you're worried about safety, 651 00:39:00,120 --> 00:39:02,360 Speaker 2: making sure that people out on the road that are 652 00:39:02,440 --> 00:39:06,480 Speaker 2: driving these big rigs that they are qualified to do 653 00:39:06,560 --> 00:39:09,600 Speaker 2: that and they can do it safely because you want 654 00:39:09,760 --> 00:39:12,480 Speaker 2: safety out on the road, and this makes things better 655 00:39:12,680 --> 00:39:15,480 Speaker 2: for truck drivers like you out there that are following 656 00:39:15,480 --> 00:39:18,279 Speaker 2: the law and doing the right thing day after day 657 00:39:18,400 --> 00:39:21,640 Speaker 2: after day. While factoris that tend to constrain capacity and 658 00:39:21,680 --> 00:39:27,240 Speaker 2: the headlines other macroeconomic variables are blocking the robust rise 659 00:39:27,360 --> 00:39:31,800 Speaker 2: in freight rates, volumes present more complex picture. The volume 660 00:39:31,800 --> 00:39:35,839 Speaker 2: index as reported by ACT rows fIF fifty five point 661 00:39:35,920 --> 00:39:40,080 Speaker 2: one in September, it's highest in over a year, indicating 662 00:39:40,080 --> 00:39:42,399 Speaker 2: a rebound in the volumes now. They talk about in 663 00:39:42,440 --> 00:39:44,920 Speaker 2: here that one of the things happening is consumer spending 664 00:39:45,040 --> 00:39:49,800 Speaker 2: increases have helped buoy the inventory levels without causing overstock, 665 00:39:50,320 --> 00:39:55,520 Speaker 2: while even while sectors such as manufacturing housing remains sluggish. 666 00:39:56,840 --> 00:39:59,080 Speaker 2: See what are some of the other key pieces in here. 667 00:40:00,200 --> 00:40:02,280 Speaker 2: One of the things they talked about, which is interesting 668 00:40:02,680 --> 00:40:06,920 Speaker 2: talking about ACT research underscores that while capacity contraction typically 669 00:40:07,000 --> 00:40:12,680 Speaker 2: participates precipitates rate increases, other elements are balancing this effect. 670 00:40:13,280 --> 00:40:17,239 Speaker 2: Look ahead to mid next year, I by suggested as 671 00:40:17,360 --> 00:40:22,239 Speaker 2: tariffs are worked through the work through, capacity continues to 672 00:40:22,280 --> 00:40:26,520 Speaker 2: contract and if the economy continues to grow furthermore, reports 673 00:40:27,520 --> 00:40:33,200 Speaker 2: intimates that lower interest rates could bolster durable goods demands 674 00:40:33,440 --> 00:40:38,480 Speaker 2: while offering some optimism for future housing market activity. Where 675 00:40:38,520 --> 00:40:42,720 Speaker 2: have you heard that before? Oh yeah, from America's trucking network. 676 00:40:42,800 --> 00:40:46,160 Speaker 2: Lower the interest rates, you stimulate the economy. People move 677 00:40:46,200 --> 00:40:51,680 Speaker 2: into homes, they buy more durable goods, furniture, fixtures, appliances, 678 00:40:51,719 --> 00:40:55,520 Speaker 2: and so on. So you know, again America's trucking network 679 00:40:55,560 --> 00:40:57,920 Speaker 2: ahead of the curve. Just saying tay, a look at 680 00:40:58,360 --> 00:41:00,600 Speaker 2: oil and gas prices real quick before we out of here. 681 00:41:00,920 --> 00:41:03,680 Speaker 2: West Texas intermedia crude currently is a fifty eight dollars 682 00:41:03,719 --> 00:41:07,160 Speaker 2: and sixty seven cents a barrel. That is down actually 683 00:41:07,239 --> 00:41:11,680 Speaker 2: up eighteen cents from yesterday, not much of an increase. 684 00:41:11,800 --> 00:41:14,680 Speaker 2: Brent crude currently is sixty two dollars ninety nine cents 685 00:41:14,680 --> 00:41:17,040 Speaker 2: a barrel, that is up only twenty eight cents, a 686 00:41:17,080 --> 00:41:20,919 Speaker 2: marginal increase. Just since January of the twentieth, when Trump 687 00:41:21,000 --> 00:41:25,320 Speaker 2: took office. West Texas intermedia crude is down eighteen dollars 688 00:41:25,320 --> 00:41:28,319 Speaker 2: and twenty two cents a barrel, which accounts for which 689 00:41:28,360 --> 00:41:32,719 Speaker 2: is equal to a twenty four percent reduction in the 690 00:41:32,760 --> 00:41:36,719 Speaker 2: cost of oil. And again, when you have lower energy prices, 691 00:41:36,880 --> 00:41:41,279 Speaker 2: that lowers your energy bills, that lowers your cost that 692 00:41:41,440 --> 00:41:46,200 Speaker 2: increases your bottom line and lowers inflation. Brent krude currently 693 00:41:46,719 --> 00:41:50,600 Speaker 2: since January of the twentieth it is down sixteen dollars 694 00:41:50,600 --> 00:41:55,840 Speaker 2: and ninety one cents, or twenty one percent per barrel. Now, 695 00:41:55,960 --> 00:41:59,000 Speaker 2: I've been mentioning on and on about how if oil 696 00:41:59,040 --> 00:42:02,279 Speaker 2: prices are coming down in the twenty percent twenty five 697 00:42:02,320 --> 00:42:06,040 Speaker 2: percent thereabout range, then we should see a reflection of 698 00:42:06,040 --> 00:42:09,000 Speaker 2: that in the oil or in the gasoline prices. We 699 00:42:09,040 --> 00:42:11,719 Speaker 2: are not seeing much of that of an impact. If 700 00:42:11,760 --> 00:42:15,160 Speaker 2: you look at the nation nationwide average of gasoline at 701 00:42:15,160 --> 00:42:17,880 Speaker 2: three dollars and eight cents a gallon, that is roughly 702 00:42:17,920 --> 00:42:20,800 Speaker 2: the same as it was this time last year. Diesel 703 00:42:20,800 --> 00:42:24,440 Speaker 2: prices nationwide currently is at three dollars and sixty or 704 00:42:24,520 --> 00:42:28,759 Speaker 2: seventy seven cents a gallon, which is actually twenty two 705 00:42:28,880 --> 00:42:31,680 Speaker 2: cents higher than a year ago. If those prices were 706 00:42:31,680 --> 00:42:35,560 Speaker 2: down by about ten to fifteen percent, that, in my opinion, 707 00:42:35,640 --> 00:42:38,600 Speaker 2: what they should be gas across the board right now 708 00:42:38,719 --> 00:42:41,640 Speaker 2: nationwide average should be around two dollars and sixty three 709 00:42:41,680 --> 00:42:44,440 Speaker 2: cents a gallon, and diesel should be around three dollars 710 00:42:44,440 --> 00:42:47,759 Speaker 2: and twenty cents now nationwide high and I keep mentioning this, 711 00:42:47,920 --> 00:42:50,920 Speaker 2: California currently is at four dollars and sixty eight cents. 712 00:42:51,239 --> 00:42:54,200 Speaker 2: They are two dollars and thirteen cents a gallon higher 713 00:42:54,200 --> 00:42:59,279 Speaker 2: than Oklahoma. So how jazz hands Gavin Newsom can be 714 00:42:59,320 --> 00:43:02,719 Speaker 2: out there talking about how wonderful California is and how 715 00:43:02,760 --> 00:43:05,680 Speaker 2: great they are operating that state out there when they're 716 00:43:05,680 --> 00:43:08,839 Speaker 2: paying two dollars and thirteen cents more per gallon than 717 00:43:08,880 --> 00:43:12,799 Speaker 2: the lowest price in the country is beyond me. So 718 00:43:13,480 --> 00:43:15,799 Speaker 2: a lot needs to be done out there in California. 719 00:43:16,160 --> 00:43:21,040 Speaker 2: Number One, don't elect people like Gavin Newsom. Oil prices 720 00:43:21,080 --> 00:43:24,439 Speaker 2: tick higher after Steve losses in the previous session. Oil 721 00:43:24,480 --> 00:43:27,840 Speaker 2: price is ticked up on Thursday after easing nearly four 722 00:43:28,000 --> 00:43:31,880 Speaker 2: percent yesterday in the previous session as investors weighed concerns 723 00:43:31,880 --> 00:43:36,399 Speaker 2: about global oversupply and illuoming sanctions against Russia. Now there's 724 00:43:36,400 --> 00:43:39,160 Speaker 2: been this push pulland Phil Flynn and his Energy Report 725 00:43:39,280 --> 00:43:43,120 Speaker 2: keeps pointing this out that the OPAC producers, they are 726 00:43:43,160 --> 00:43:46,479 Speaker 2: saying that there will be an oil glut next year, 727 00:43:47,160 --> 00:43:51,000 Speaker 2: and yet the International Energy Agency is saying that we 728 00:43:51,040 --> 00:43:54,399 Speaker 2: have hit peak oil and that the supplies are going 729 00:43:54,440 --> 00:43:59,040 Speaker 2: to tighten. So you've got the agency that looks at 730 00:43:59,040 --> 00:44:02,120 Speaker 2: these this data and they see it and they are 731 00:44:02,160 --> 00:44:05,480 Speaker 2: saying that it's going in one direction, where the people 732 00:44:05,520 --> 00:44:08,439 Speaker 2: that are doing the production are saying a different thing. 733 00:44:08,920 --> 00:44:12,759 Speaker 2: And it's amazing how these so called experts can get 734 00:44:12,800 --> 00:44:17,560 Speaker 2: it wrong. Anyway, talking about Server A Sarker DBS Bank 735 00:44:17,680 --> 00:44:21,160 Speaker 2: Energy Sector Team lead, there should be a considerable support 736 00:44:21,239 --> 00:44:25,440 Speaker 2: to oil prices around the sixty dollars per barrel, especially 737 00:44:25,719 --> 00:44:28,800 Speaker 2: given that there could be a short term disruption because 738 00:44:28,840 --> 00:44:31,160 Speaker 2: of sanctions on Russia. Those are starting to have an 739 00:44:31,200 --> 00:44:34,880 Speaker 2: effect other things affecting the markets. American patrolling. I'll get this. 740 00:44:35,239 --> 00:44:39,799 Speaker 2: Crude inventories rose by six point four million barrels, they said, 741 00:44:39,800 --> 00:44:42,800 Speaker 2: to four hundred and twenty seven point six million barrels 742 00:44:43,040 --> 00:44:47,360 Speaker 2: the weekend. It's November the seventh, the EEI said, compared 743 00:44:47,400 --> 00:44:50,719 Speaker 2: with the analyst expectations that they would raise by one 744 00:44:50,800 --> 00:44:54,400 Speaker 2: point ninety six million. So again, because of these so 745 00:44:54,560 --> 00:44:58,839 Speaker 2: called experts involved here, we see that oil inventories they 746 00:44:58,840 --> 00:45:00,600 Speaker 2: only miss that mark by three one hundred and twenty 747 00:45:00,640 --> 00:45:03,440 Speaker 2: six percent. Week after week after week, we see this 748 00:45:03,840 --> 00:45:06,319 Speaker 2: and it's creating problems in terms of being able to 749 00:45:06,360 --> 00:45:10,640 Speaker 2: plan ahead for these companies to make sure what they're 750 00:45:10,680 --> 00:45:13,319 Speaker 2: you know, what is available and what on the short 751 00:45:13,440 --> 00:45:15,520 Speaker 2: term is going to be available as far as the 752 00:45:15,520 --> 00:45:18,759 Speaker 2: marketplace is concerned. But again good news as far as 753 00:45:18,760 --> 00:45:23,279 Speaker 2: falling oil prices, again this should equate through the economy 754 00:45:23,640 --> 00:45:25,880 Speaker 2: and in the form of low energy prices, which is 755 00:45:25,920 --> 00:45:27,560 Speaker 2: a good thing. Well, folks, that does it for us. 756 00:45:27,560 --> 00:45:29,480 Speaker 2: Stay tuned for our Red Eye Radio at the top 757 00:45:29,480 --> 00:45:32,279 Speaker 2: of the hour. I'm Kevin Gordon. America has struck a 758 00:45:32,320 --> 00:45:35,239 Speaker 2: network seven hundred WLW