WEBVTT - 12-23-25 America's Truckin' Network 0:00:08.119 --> 0:00:11.320 This is America's Trunck and Network with Kevin Gordon. 0:00:12.720 --> 0:00:17.120 Welveab Bar. Thanks for tuning in on this Christmas eve. 0:00:17.480 --> 0:00:21.560 I cannot believe that we are already on the doorstep 0:00:22.040 --> 0:00:26.200 of Christmas. Unbelievable. As you know, last week we were 0:00:26.200 --> 0:00:30.600 at the Rush Enterprises twentieth year anniversary of their Tech 0:00:30.640 --> 0:00:35.000 Skills Rodeo in Nashville. On that Tuesday evening, right before 0:00:35.040 --> 0:00:38.159 the awards ceremony, we were able to sit down with 0:00:38.560 --> 0:00:43.360 Rusty Rush, the chief executive officer of Rush Enterprises, and 0:00:43.600 --> 0:00:48.120 he gave an assessment and talked about a wide variety 0:00:48.200 --> 0:00:51.599 of things in terms of the company looking ahead. And 0:00:51.680 --> 0:00:55.080 it's always interesting to talk to industry experts in terms 0:00:55.160 --> 0:00:57.560 of people that are on the ground, you know, boots 0:00:57.600 --> 0:01:01.120 on the ground, rubber meets the road, to find out 0:01:01.440 --> 0:01:04.600 what they are seeing, what they are seeing as far 0:01:04.640 --> 0:01:07.720 as the economy is concerned. And then of course I've 0:01:07.720 --> 0:01:10.800 got some anecdotal evidence based on what I'm seeing and 0:01:10.840 --> 0:01:15.479 of course what the actual numbers are as opposed to 0:01:15.560 --> 0:01:19.160 what the spoon fed regurgitators in the mainstream media are 0:01:19.200 --> 0:01:22.520 plucking out of the information to do their lead. And 0:01:22.560 --> 0:01:24.760 we'll get into that a little bit later on, but 0:01:24.840 --> 0:01:27.199 we had the opportunity to sit down with Rusty Rush 0:01:27.280 --> 0:01:33.760 last week and of course the founder and CEO Rusty Rush, 0:01:33.840 --> 0:01:37.560 and of course the chief operating officer, Jason Wilder, and 0:01:38.080 --> 0:01:40.760 had a wide range of questions were able to be asked. 0:01:40.880 --> 0:01:45.199 He remains hopeful. He spoke significantly about being hopeful about 0:01:45.240 --> 0:01:48.360 the trucking industry, adding their signs of life in the 0:01:48.880 --> 0:01:52.160 spock market. But then again they said that there's not 0:01:52.440 --> 0:01:56.360 necessarily something in terms of a positive turnaround yet. He 0:01:56.520 --> 0:01:59.800 mentioned that looking ahead and looking at what's going on, 0:02:00.320 --> 0:02:02.600 mentioned again what a lot of people are mentioning and 0:02:02.600 --> 0:02:05.840 they're kind of surprised by this the third year in 0:02:05.880 --> 0:02:08.360 a row, or actually a third year or more of 0:02:08.400 --> 0:02:13.280 a freight recession from the truckload perspective, which most of 0:02:13.320 --> 0:02:17.519 these recessions as far as the trucking industry are generally 0:02:17.560 --> 0:02:20.960 about twelve to fourteen months. So the fact that we 0:02:20.960 --> 0:02:24.360 were into basically almost a three year period of time 0:02:24.760 --> 0:02:29.040 is extremely unusual. And he mentioned that a lot of 0:02:29.080 --> 0:02:33.000 it that unlike pass cycles that corrected more quickly. He 0:02:33.120 --> 0:02:37.680 mentioned that excess capacity has lingered. He pointed to lenient 0:02:37.760 --> 0:02:42.840 lenders on foreclosures and repossessions. Too many trucks pushed into 0:02:42.880 --> 0:02:46.040 the market during the boom, and then demand that never 0:02:46.120 --> 0:02:50.200 fully caught up. So again, there was a lot of times, 0:02:50.280 --> 0:02:55.959 you know, with the especially with the plandemic, when the people, 0:02:55.960 --> 0:02:58.640 you know, when everybody was depending upon trucks to keep 0:02:58.680 --> 0:03:01.919 the wheels of the economy going, and freight rates were 0:03:01.960 --> 0:03:04.880 way up, and there was a lot of freight being moved, 0:03:05.240 --> 0:03:09.200 although you know, stuff was being delivered to homes, to 0:03:09.280 --> 0:03:11.959 the big box stores and that type of thing. Not 0:03:12.000 --> 0:03:15.880 necessarily the restaurants because most manufacturing and other places were closed, 0:03:16.120 --> 0:03:18.320 but there was still an awful lot of activity, and 0:03:18.440 --> 0:03:21.320 especially in the spot market. So anybody that had a 0:03:21.400 --> 0:03:24.840 CDO license that said, you know what I'm seeing my neighbors, 0:03:24.880 --> 0:03:27.440 I'm hearing about that people are making a lot of money, 0:03:27.440 --> 0:03:29.720 so I'm going to jump on board and jump into 0:03:30.040 --> 0:03:32.840 the market. And so they were able to do that. 0:03:33.200 --> 0:03:35.400 I know that a lot of people bought new trucks, 0:03:35.440 --> 0:03:38.920 some people bought used trucks or late model trucks and 0:03:39.360 --> 0:03:41.400 jumped in and we're making a lot of money. But 0:03:41.520 --> 0:03:44.280 then when the bottom fell out to a certain extent 0:03:44.640 --> 0:03:47.640 after the pandemic, and things started going back to normal. 0:03:48.120 --> 0:03:51.520 Even though, and I remember specifically talking to a lot 0:03:51.520 --> 0:03:55.760 of people, they said that, well, freight rates are much 0:03:56.040 --> 0:03:59.320 lower than what they were back in twenty twenty during 0:03:59.360 --> 0:04:01.760 the pay pandemic as they referred to it, but of 0:04:01.760 --> 0:04:04.560 course I refer to it as a plandemic. But even 0:04:04.600 --> 0:04:08.400 though those prices are a lot lower, they're still above 0:04:08.440 --> 0:04:12.520 what they were pre pandemic. So people that were wise, 0:04:12.560 --> 0:04:14.640 people that knew what they were doing, people that had 0:04:14.680 --> 0:04:16.600 been in the business for a long period of time, 0:04:16.880 --> 0:04:19.040 seeing the ups and downs over the period of time, 0:04:19.400 --> 0:04:22.000 know how to weather the storm. Always put a little 0:04:22.000 --> 0:04:24.320 bit of money aside so that when you do have 0:04:24.400 --> 0:04:27.119 those lean times, you got certain things to carry you over. 0:04:27.560 --> 0:04:29.599 You know, all these things that you hear from these 0:04:29.640 --> 0:04:33.479 financial markets and these financial advisors talking about that you 0:04:33.560 --> 0:04:35.800 want to have a certain amount of reserve of cash 0:04:35.880 --> 0:04:39.480 on hand that in case. You know, sometimes I think 0:04:39.600 --> 0:04:42.200 I shouldn't say this, but I think sometimes they're a 0:04:42.240 --> 0:04:45.880 little bit more how should I say, pessimistic. They will 0:04:45.880 --> 0:04:49.159 say something in terms of having a six month worth 0:04:49.160 --> 0:04:52.000 of reserves. I tend to think more in the turn 0:04:52.160 --> 0:04:55.440 in line of three to four months, because you've got 0:04:55.440 --> 0:04:58.240 to expect that, you know, in any period of time, 0:04:58.880 --> 0:05:01.599 it is very rare that you're going to go six 0:05:01.800 --> 0:05:05.560 months period of time without having any business walk through 0:05:05.600 --> 0:05:08.840 the door, with the exception of the pandemic, But as 0:05:08.839 --> 0:05:11.880 far as the trucking industry is concerned, you had a 0:05:11.880 --> 0:05:14.039 lot of people still on the road, and with the 0:05:14.080 --> 0:05:16.800 spot market, a lot of people jumping in. Now. As 0:05:16.880 --> 0:05:20.080 far as restaurants and that, yes, they had some very 0:05:20.120 --> 0:05:24.279 significant and you know, you can drive, well, it's no 0:05:24.440 --> 0:05:28.400 news to you driving around or anybody that's out going 0:05:28.440 --> 0:05:33.240 to different strip centers, various locations, maybe a favorite restaurant 0:05:33.240 --> 0:05:36.440 of yours or a favorite place that you used to shop, 0:05:36.800 --> 0:05:40.040 or these specialty stores. How many of those are closed? 0:05:40.320 --> 0:05:43.240 You go into these different strip centers, and generally when 0:05:43.279 --> 0:05:46.440 you would see full capacity at some of these strip centers, 0:05:46.680 --> 0:05:50.839 you see basically at this point in time, still about 0:05:50.880 --> 0:05:55.440 seventy five percent occupancy just about everywhere. I look that 0:05:55.720 --> 0:05:58.520 you drive through and you say, cheet, what was the 0:05:58.560 --> 0:06:01.280 store that was in that? Look? Yeah, that store had 0:06:01.279 --> 0:06:03.320 been in there for a number of years. Oh my goodness, 0:06:03.320 --> 0:06:06.719 they closed. And how many times have you thought, you 0:06:06.720 --> 0:06:08.880 know something that you normally don't buy something that you 0:06:08.880 --> 0:06:11.280 buy only maybe three four times a year, and then 0:06:11.320 --> 0:06:13.320 you say, well about time to buy that, you go 0:06:13.400 --> 0:06:16.480 and check that particular company and they're out of business. 0:06:16.839 --> 0:06:20.080 So a lot of businesses, smaller business went out of business. 0:06:20.279 --> 0:06:23.080 Now a lot of the major corporations and stuff like 0:06:23.120 --> 0:06:25.440 that were able to keep afloat. Then, of course, with 0:06:25.600 --> 0:06:29.599 the government payments coming in and with some of this 0:06:30.080 --> 0:06:34.479 reinvestment or funds available from the federal government to keep 0:06:34.520 --> 0:06:38.040 businesses afloat, which we've seen a lot of people that 0:06:38.600 --> 0:06:43.320 diged into that was fraudulent. But again, the recovery money 0:06:43.320 --> 0:06:47.000 that was available tied a lot of people over, and 0:06:47.040 --> 0:06:49.120 of course with any of the backup that they had 0:06:49.160 --> 0:06:52.080 as far as any savings or anything put aside. But again, 0:06:52.360 --> 0:06:55.360 what we're seeing in the trucking industry is people that 0:06:55.400 --> 0:06:58.839 were not used to weathering this storm, and because the 0:06:58.880 --> 0:07:02.760 stimulus checks didn't qualify or didn't come to them in time, 0:07:03.000 --> 0:07:05.120 a lot of people went by the wayside. And as 0:07:05.160 --> 0:07:07.960 Rusty was pointing out that as that is shaking out, 0:07:08.040 --> 0:07:09.960 we'll see a little bit better, and he said that 0:07:10.280 --> 0:07:12.640 again that the spot market, we're seeing a bit of 0:07:12.640 --> 0:07:15.400 an increase there not as much as they would like 0:07:15.440 --> 0:07:20.360 to see, mentioning talking about soft market, the company has 0:07:20.440 --> 0:07:23.960 leaned in its vocational segment, where you have a lot 0:07:23.960 --> 0:07:28.200 of trucks that are available that are for specific industries. 0:07:29.000 --> 0:07:32.559 Those are still going very well. He talked in terms 0:07:32.560 --> 0:07:34.760 of having a solid year as far as used truck 0:07:34.840 --> 0:07:39.320 parts and service and the body shop business. And again 0:07:39.720 --> 0:07:43.960 because Rush you know, not only sells new trucks, but 0:07:44.040 --> 0:07:47.920 they also service those trucks. They have used trucks, and 0:07:47.960 --> 0:07:51.240 then they also service the trucks in a large parts 0:07:51.280 --> 0:07:55.160 department and body shops. They cover the whole gamut. And 0:07:55.200 --> 0:07:57.920 what we see generally, and we've seen this, you know 0:07:58.000 --> 0:08:01.960 in the four wheeler industry, and that when people hold 0:08:02.000 --> 0:08:04.640 on to their cars a lot longer, then you also 0:08:04.760 --> 0:08:08.920 see an increase in terms of parts stores. People you know, 0:08:09.400 --> 0:08:12.800 buying parts for cars. The parts industry is up as 0:08:12.800 --> 0:08:15.240 opposed to new car sales. So it's kind of this 0:08:15.360 --> 0:08:19.560 push and pull. So the fact that Rush enterprises is 0:08:19.680 --> 0:08:22.920 well diversified. You know, when one segment is down, the 0:08:22.960 --> 0:08:26.200 other segment is up. He talked about medium duty didn't 0:08:26.240 --> 0:08:29.240 get a reprieve. There's a tremendous amount of truck inventories 0:08:29.440 --> 0:08:33.160 that were built up, OEMs caught up, built up. There 0:08:33.160 --> 0:08:36.440 were a lot of inventories sitting on dealers' lots. There's 0:08:36.520 --> 0:08:40.360 still more than your normal years this according to Jason Wilder, 0:08:40.440 --> 0:08:44.760 the COO of Rush Enterprises, there's still more. Let me 0:08:44.760 --> 0:08:48.480 see that meaningful improvement likely hinges on industry that medium 0:08:48.520 --> 0:08:54.079 duty vehicles serve, such as housing, landscaping, HVAC, and food delivery. 0:08:54.320 --> 0:08:57.800 So when there's demand for that movement of vehicles or 0:08:58.120 --> 0:09:01.040 stuff that is transported by the medium duty, then when 0:09:01.080 --> 0:09:03.960 people need those trucks, then they go out and buy 0:09:04.000 --> 0:09:08.080 those trucks. Rush said Steady. Non explosive adoption of electrification 0:09:08.880 --> 0:09:11.240 talked about in a medium duty area where you've got 0:09:11.240 --> 0:09:14.760 local deliveries, that seems to be a niche area where 0:09:14.800 --> 0:09:16.920 people are going where you're going to see a lot 0:09:16.920 --> 0:09:21.960 of improvement. If you notice around town the Amazon Prime people, 0:09:22.360 --> 0:09:25.520 a lot of their vehicles are electric and they're good 0:09:25.720 --> 0:09:29.360 for local delivery and that because they drive around during 0:09:29.360 --> 0:09:32.840 the day but then go back to the central location 0:09:33.160 --> 0:09:35.920 the headquarters at night, plug in and are available for 0:09:35.960 --> 0:09:39.000 the next day. As far as the trucking industry itself, 0:09:39.080 --> 0:09:42.600 for long haul overnight and from coast to coast. The 0:09:42.600 --> 0:09:46.280 infrastructure just isn't there. The weight of these vehicles, the 0:09:46.320 --> 0:09:49.360 amount of less payload that they can carry is not 0:09:49.400 --> 0:09:52.400 sufficient for that area to be covered. So we're seeing 0:09:52.440 --> 0:09:56.079 that more in the medium duty industry wide. Rush sees 0:09:56.120 --> 0:10:00.760 opportunity for alternative fuels. He's been big on ultra fuels 0:10:00.920 --> 0:10:04.200 and he said they've been looking at that. He's been 0:10:04.679 --> 0:10:07.559 very a pet project of his for over eighteen years. 0:10:07.720 --> 0:10:09.880 Got a little bit more to talk about this, we'll 0:10:09.920 --> 0:10:12.599 cover that coming up. I'm Kevin Gordon, America's truck in 0:10:12.720 --> 0:10:15.400 Network seven hundred WLW. 0:10:16.240 --> 0:10:19.360 What need This is the racing report on America's trucking 0:10:19.440 --> 0:10:21.840 Network on seven hundred WLW. 0:10:22.559 --> 0:10:25.640 National Transportation Safety Board held a briefing over the weekend 0:10:25.640 --> 0:10:28.559 into the fatal plane crash in North Carolina that killed 0:10:28.640 --> 0:10:32.120 NASCAR driver Greg Biffel, his family, and three others. Wreckage 0:10:32.160 --> 0:10:34.560 from the scene has been removed from the airport. They 0:10:34.640 --> 0:10:36.840 don't know why the airplane was trying to return to 0:10:36.880 --> 0:10:40.319 the airport. The cockpit voice reporter is in Washington, DC. 0:10:41.080 --> 0:10:44.800 RFK Racing co owner and driver Brad Keselowski suffering a 0:10:44.880 --> 0:10:47.920 broken leg on a recent ski trip with his family. 0:10:48.160 --> 0:10:51.920 Keselowski is working very quick and hopefully a full recovery 0:10:52.240 --> 0:10:55.400 work to get ready for Daytona. The Chili Bowl Nationals 0:10:55.400 --> 0:10:57.959 about a month away, and the entry list continues to grow. 0:10:58.240 --> 0:11:01.880 Defending winner Kyle Larson three time winner Christopher Bell have 0:11:02.000 --> 0:11:06.040 filed their entries for the Tulsa, Oklahoma event January twelfth 0:11:06.080 --> 0:11:09.120 through the seventeenth. Matt Crafton will run five to ten 0:11:09.240 --> 0:11:12.960 racist part time next season for ThorSport in the Truck Series. 0:11:14.040 --> 0:11:17.120 This is the wreathing reboard on America's Truck and edwork 0:11:17.320 --> 0:11:19.080 on seven hundred WLW. 0:11:19.720 --> 0:11:24.040 Merry Christmas, everyone say Dennison a t N. 0:11:24.200 --> 0:11:27.200 It's former Bengal and Pro Football Hall of Famer Anthony Munos, 0:11:27.400 --> 0:11:31.080 did you know that ninety five percent? I'm Kevin Boord 0:11:31.080 --> 0:11:35.559 in America's Truck and Network seven hundred WLW. Continuing our 0:11:35.600 --> 0:11:40.040 conversation or continuing what was discussed during the media event. 0:11:41.080 --> 0:11:44.640 We had an opportunity last week during the Rush Truck 0:11:44.679 --> 0:11:49.200 Scent Rush Enterprises twentieth anniversary of their Tech Skills rodeo 0:11:49.720 --> 0:11:53.840 in Nashville. We've got an opportunity to sit down with CEO, 0:11:54.320 --> 0:11:58.640 Chief Executive officer and founder, Rusty Rush. Actually he is 0:11:58.679 --> 0:12:01.080 the son of the founder, but we got to speak 0:12:01.080 --> 0:12:05.120 with him and then the chief operating officer, Jason Wilder, 0:12:05.600 --> 0:12:08.319 and one of the things, one of the more interesting 0:12:08.440 --> 0:12:12.160 things that he said, he said, we love talked about 0:12:12.160 --> 0:12:15.640 how natural gas and some of the projects that he's 0:12:15.679 --> 0:12:18.360 been involved in with that. He's very big on that. 0:12:18.720 --> 0:12:23.079 He said, we love working on natural gas. We've invested 0:12:23.160 --> 0:12:26.079 in the bays and the facilities to do it. Rush said, 0:12:26.200 --> 0:12:27.959 there have been a pet project of mind for the 0:12:28.040 --> 0:12:32.000 last eighteen years because I love trash. That's kind of 0:12:32.120 --> 0:12:36.560 interesting because a lot of the industry has moved towards 0:12:36.640 --> 0:12:41.120 natural gas in terms of trash removal. These vehicles that 0:12:41.160 --> 0:12:45.360 you see going into you know, collecting garbage, collecting the 0:12:45.440 --> 0:12:48.520 dumpsters and so on, and so that has been an 0:12:48.559 --> 0:12:50.959 area where you see a lot of natural gas being 0:12:51.040 --> 0:12:54.360 used and those trucks being propelled by that. And Rush 0:12:54.520 --> 0:12:56.760 has those vehicles. Those are the vehicles on a lot 0:12:56.760 --> 0:13:00.400 of the vehicles that they sell. He says, we're still 0:13:00.400 --> 0:13:03.480 believing in it because a large customer base is largely 0:13:03.520 --> 0:13:06.760 invested in it too, and so any of these industries 0:13:06.800 --> 0:13:09.160 that are looking to cut their costs. Of course, they're 0:13:09.160 --> 0:13:11.680 going to move to alternative fuels, and I think some 0:13:11.760 --> 0:13:15.080 of these alternative fuels really show a lot of promise 0:13:15.160 --> 0:13:18.200 in terms of what can be done as far as 0:13:18.320 --> 0:13:22.640 you know, lowering emissions, but also making sure and because 0:13:22.760 --> 0:13:26.440 natural gas is a resource, a natural resource, that we 0:13:26.559 --> 0:13:30.160 continue to drill for that and have that available as 0:13:30.200 --> 0:13:35.480 opposed to relying on something that is not sustainable and 0:13:35.559 --> 0:13:38.520 which is not very reliable, which we've seen so far 0:13:38.800 --> 0:13:41.920 with wind and solar. At some point in time maybe 0:13:41.960 --> 0:13:44.560 those will be up in those ranges. And of course 0:13:44.600 --> 0:13:47.520 with the EV batteries, the weight of those things is 0:13:47.600 --> 0:13:50.760 just way too much, the expense of the trucks, way 0:13:50.760 --> 0:13:53.920 too much, the infrastructure to support that. I mean, I've 0:13:53.920 --> 0:13:58.000 made this comment several times before that if everybody right 0:13:58.040 --> 0:14:01.520 now today, on this day, got rid of their internal 0:14:01.520 --> 0:14:06.080 combustion engine and bought a electric vehicle number one, the 0:14:06.600 --> 0:14:10.599 wear and tear on the roadways right now would be horrific. 0:14:10.679 --> 0:14:14.200 We would see a very serious problem as far as 0:14:14.240 --> 0:14:18.680 the infrastructure, the weight of those vehicles on the current streets. 0:14:18.960 --> 0:14:22.280 Take that into consideration in terms of parking garages, the 0:14:22.320 --> 0:14:25.240 parking garages currently the way they are built and the 0:14:25.240 --> 0:14:28.240 way they were built based on what they anticipated the 0:14:28.240 --> 0:14:31.520 weight of vehicles to be and continuing to be given 0:14:31.520 --> 0:14:33.840 the fact that the weight of vehicles have gone down 0:14:34.000 --> 0:14:38.400 significantly from back in the sixties, seventies, eighties, and even nineties, 0:14:38.880 --> 0:14:41.680 jumping that back up to those ranges back then and 0:14:41.760 --> 0:14:44.760 even more, I'm not sure that the parking garages and 0:14:44.800 --> 0:14:48.600 the infrastructure there could handle it. So again, from that aspect, 0:14:48.800 --> 0:14:53.240 that's one of the things, what things that people aren't 0:14:53.240 --> 0:14:56.600 even the unintended consequences that people aren't even thinking about. 0:14:57.480 --> 0:14:59.560 He expanded in the Federal Reserve, one of the things 0:14:59.560 --> 0:15:02.280 that was very curious to hear him talk about, and 0:15:02.280 --> 0:15:07.240 I mentioned this too on several occasions. Also expanded the 0:15:07.320 --> 0:15:10.560 Federal Reserve meeting in mid January and his expectations that 0:15:10.600 --> 0:15:15.040 the governors will probably hold interest rates. I think, based 0:15:15.080 --> 0:15:17.760 in my opinion, I think there will be some cuts 0:15:17.840 --> 0:15:21.400 because there seems to be some division within the Federal Reserve. 0:15:21.680 --> 0:15:25.760 He recognized that and talked about that. I mentioned quote 0:15:25.760 --> 0:15:27.680 from him. I got to believe from what I've read, 0:15:27.720 --> 0:15:31.280 it's a rather divisive meeting this past meeting in December. 0:15:31.520 --> 0:15:34.280 But where there's smoke there's fire, I expect them to 0:15:34.400 --> 0:15:37.320 pause now. I think, though, that the pressure from the 0:15:37.360 --> 0:15:41.280 Trump administration. I wish that Trump would have appointed the 0:15:41.840 --> 0:15:46.240 who he plans on replacing Lion Jerome Powell, Lion Jerry Powell, 0:15:46.240 --> 0:15:48.680 with would have been announced as a Christmas gift to 0:15:48.720 --> 0:15:52.000 the American public before Christmas, but it appears that that's 0:15:52.080 --> 0:15:53.800 not going to be announced until after the first of 0:15:53.800 --> 0:15:56.640 the year. And then once that's done, maybe that will 0:15:56.680 --> 0:16:00.160 put some pressure on the Federal Reserve in January to 0:16:00.240 --> 0:16:04.240 continue to reduce interest rates, because we've got stories coming 0:16:04.320 --> 0:16:07.880 up that will verify that or will push in that direction. 0:16:08.720 --> 0:16:12.560 And most customers are more worried about unemployment and inflation, 0:16:13.040 --> 0:16:16.080 those concerns, and of course talking about some of the stuff, 0:16:16.600 --> 0:16:19.840 people are still waiting on the sidelines to see if 0:16:19.920 --> 0:16:25.640 and when or how tariffs are going to affect the 0:16:25.680 --> 0:16:28.360 economy as far as inflation. I was listening to a 0:16:28.360 --> 0:16:31.640 couple of reports over the weekend and they've people have 0:16:31.760 --> 0:16:37.120 just absolutely how should I say, surprise shock that the 0:16:37.240 --> 0:16:41.360 so called experts talking about how tariffs we're going to 0:16:41.400 --> 0:16:45.280 add to inflation just hasn't materialized, and they're pretty much 0:16:45.280 --> 0:16:48.040 shocked by that. But again, as we as I pointed 0:16:48.040 --> 0:16:51.480 out on this program, it's not necessarily the terriffs because 0:16:51.680 --> 0:16:55.040 in some instances prices go down, prices go up. The 0:16:55.120 --> 0:16:59.160 net effect across the board is generally small to minimum increases, 0:16:59.280 --> 0:17:01.720 if any at all, and in some cases may actually 0:17:01.720 --> 0:17:04.800 go down. But what really drives that is government spending. 0:17:04.920 --> 0:17:08.959 If you've got these back, you know the what was it, 0:17:09.000 --> 0:17:13.119 the uh, the Recovery Act the Biden pushed through in 0:17:13.119 --> 0:17:16.760 the final days or initial stages of the recovery from 0:17:16.880 --> 0:17:20.879 the pandemic. People were telling him at that point that 0:17:20.960 --> 0:17:26.080 if they did that Infrastructure and Recovery Act, that the 0:17:26.200 --> 0:17:28.840 spending that would be in that would lead to inflation, 0:17:29.040 --> 0:17:31.919 which in fact it did. So when you flood the government, 0:17:31.960 --> 0:17:35.840 when you flood government money into the marketplace, that leads 0:17:35.880 --> 0:17:40.520 to inflation, which then has to be controlled somehow. And unfortunately, 0:17:40.880 --> 0:17:44.520 when they start controlling interest rates, that burden falls on us, 0:17:44.600 --> 0:17:48.840 the public, to sustain or to take the results of 0:17:49.000 --> 0:17:52.240 and the pain of those higher interest costs in order 0:17:52.280 --> 0:17:56.800 to bring the economy back within reason. So again, the 0:17:56.840 --> 0:17:59.640 Recovery Act that was put through by the Biden administration 0:18:00.080 --> 0:18:02.639 did add a lot to the inflation and not what 0:18:02.680 --> 0:18:04.920 we're seeing as far as the tariffs are concerned, because, 0:18:04.960 --> 0:18:07.600 as I've said before, when you take into consideration the 0:18:07.640 --> 0:18:11.680 companies overseas that have these big margins between their labor 0:18:11.920 --> 0:18:14.240 because they have lower labor costs over there and what 0:18:14.359 --> 0:18:17.360 the final product is, they have a big cushion as 0:18:17.400 --> 0:18:20.159 far as margin is concerned. They can absorb some of 0:18:20.600 --> 0:18:24.800 those tariffs. The exporter can then absorb some of those 0:18:24.840 --> 0:18:28.359 tariffs before they send those out. Then the importer on 0:18:28.400 --> 0:18:32.760 the other end could possibly absorb some of these tariffs 0:18:32.840 --> 0:18:36.080 or increases. Then you get to the wholesale or distributors, 0:18:36.280 --> 0:18:40.360 they absorb stuff, get to the retail market, they absorb 0:18:40.480 --> 0:18:42.919 some of that stuff, and so it kind of is 0:18:42.960 --> 0:18:45.840 spread out over everybody. So all those people along the 0:18:45.880 --> 0:18:49.400 supply chain kind of share the burden of any increase 0:18:49.440 --> 0:18:51.800 in tariffs. Getting back to some of the stuff having 0:18:51.800 --> 0:18:54.840 to do with EVS, this survey, and I kind of 0:18:54.880 --> 0:18:58.120 hesitated clicking on this because when you get these pop 0:18:58.200 --> 0:19:01.440 ups on your screen when you're going from website to website. 0:19:01.600 --> 0:19:05.320 Although it came from a reputable source of where I 0:19:05.440 --> 0:19:08.560 go on a normal basis, and this survey popped up 0:19:08.560 --> 0:19:10.679 and I thought, you know, just for the hell of it, 0:19:10.760 --> 0:19:13.359 I'm going to go ahead and take this survey. The 0:19:13.400 --> 0:19:16.520 way it was portrayed, I thought, God, this has got 0:19:16.560 --> 0:19:19.639 to be some liberal organization that's putting this. You know, 0:19:20.040 --> 0:19:24.159 the time to ban gasoline internal combustion engines is now. 0:19:24.520 --> 0:19:27.119 And they said, you know, talking about how you know, 0:19:27.160 --> 0:19:29.680 there's been this push that there's lawmakers that are trying 0:19:29.680 --> 0:19:34.920 to eliminate the internal combustion engine, or as they call, 0:19:35.160 --> 0:19:39.160 the plan to ban gas cars. And I thought, man, 0:19:39.200 --> 0:19:41.399 this is some liberal group. I got to see in 0:19:41.480 --> 0:19:44.800 terms of the survey where everybody stands on that. So 0:19:44.880 --> 0:19:47.960 I went ahead and well, they asked for my name 0:19:48.040 --> 0:19:51.239 and email address and phone number, which I was kind 0:19:51.280 --> 0:19:53.160 of hesitant to do, but I was kind of curious. 0:19:53.440 --> 0:19:56.480 So I voted no on that. Well, I see the 0:19:56.520 --> 0:20:00.080 survey results. Do you agree? And that the phrase is 0:20:00.119 --> 0:20:03.520 do you agree with lawmakers plan to ban gas cars 0:20:03.560 --> 0:20:07.320 in the US? Yes, Climate action is urgent and we 0:20:07.440 --> 0:20:12.560 must act now. Fifteen thousand, three hundred and seven votes No. 0:20:13.040 --> 0:20:18.199 Lawmakers shouldn't dictate what Americans can drive nine hundred and 0:20:18.400 --> 0:20:23.960 twenty two thousand, three hundred and eighty five against if 0:20:24.000 --> 0:20:26.280 This was a I mean, like I said, this was 0:20:26.359 --> 0:20:29.959 kind of almost a push pull kind of of a survey, 0:20:30.000 --> 0:20:31.919 if you will. They said, you know, the time to 0:20:31.960 --> 0:20:34.439 ban gasoline, the powered you know, and all this is 0:20:34.560 --> 0:20:37.159 now a government is moving towards this. Where do you 0:20:37.240 --> 0:20:40.000 stand on this? And I'll bet that they're pretty much 0:20:40.040 --> 0:20:43.600 shocked where this came from. And certainly the numbers that 0:20:43.600 --> 0:20:47.400 that is dictating coming up, We've got some more mischief. 0:20:47.520 --> 0:20:52.720 Get into I'm Kevin Bordon, America's Trucking Network seven hundred WLW. 0:20:53.000 --> 0:20:55.320 Here's your trucking forecast for the Try State and the 0:20:55.320 --> 0:20:57.720 rest of the country, and the tries sit Overnight mostly 0:20:57.760 --> 0:21:00.200 Claude was showers likely the low down to forty two, 0:21:00.240 --> 0:21:03.040 patchi drizzle and a chance of showers early Tuesday. Otherwise 0:21:03.040 --> 0:21:06.240 Claudie the high year sixty, partly sunny. Christmas Eve Wednesday 0:21:06.320 --> 0:21:08.880 a high fifty three, and for Year Christmas Day, chances 0:21:08.880 --> 0:21:12.680 of early rain. Otherwise Claudie highs in the lower sixties. Nationally, 0:21:12.800 --> 0:21:15.400 very heavy snow expected for the Sierra Nevana Mountains, while 0:21:15.440 --> 0:21:19.440 excessive brain is on tap for parts of southern California Wednesday. Meanwhile, 0:21:19.480 --> 0:21:22.240 above average temperatures expected for most of the country leading 0:21:22.280 --> 0:21:23.320 up to Christmas. 0:21:25.200 --> 0:21:29.359 Seven hundred WLW. I'm Kevin Gordon. This is America's struck 0:21:29.400 --> 0:21:32.920 in network. By the way, during a break, I did 0:21:32.920 --> 0:21:35.600 a quick and dirty Wow, not quick, I just did 0:21:35.640 --> 0:21:38.159 the did the math on it. That survey that I 0:21:38.280 --> 0:21:41.920 mentioned before the break, do you agree with lawmakers plan 0:21:42.080 --> 0:21:47.440 to ban gas cars? The vote was one point six percent. 0:21:49.320 --> 0:21:52.400 Less than two percent of people said yeah, banned cars. 0:21:52.840 --> 0:21:56.200 So we're looking at what is that ninety eight point 0:21:56.320 --> 0:22:01.360 four percent of the American public say no. Lawmakers shouldn't 0:22:01.359 --> 0:22:06.760 dictate to Americans what they can drive. My goodness, Wow, 0:22:07.040 --> 0:22:11.000 America's truck and network supports the mission of Recee Across America. 0:22:11.359 --> 0:22:13.680 You can hear us every truck and Tuesday at five 0:22:13.720 --> 0:22:17.520 am and ten am Eastern on Recee Across America Radio, 0:22:17.800 --> 0:22:21.240 available on the iHeart Radio app. Search the word Rease. 0:22:21.359 --> 0:22:26.080 Now it's wr eats for Reese Across America Radio. And 0:22:26.119 --> 0:22:29.040 thank you for all our truckers for the supporting the 0:22:29.080 --> 0:22:32.400 mission of Reese Across America. Now, last week I didn't 0:22:32.440 --> 0:22:35.400 have a chance to get to this, but rececross America 0:22:35.720 --> 0:22:39.480 remember they had their and hopefully you participated in that. 0:22:39.840 --> 0:22:44.080 They had their reflaying ceremony on December the thirteenth. Unfortunately, 0:22:44.119 --> 0:22:46.600 I wasn't able to participate because my wife and I 0:22:46.640 --> 0:22:50.040 were on our way down to Nashville to participate and 0:22:50.080 --> 0:22:54.440 to attend the Rush Enterprise's twentieth anniversary of the tuch 0:22:54.520 --> 0:22:57.560 Tech Skills Rodeo. And if you missed any of that, 0:22:57.840 --> 0:23:00.240 make sure you hit up that iHeart Radio app brought 0:23:00.280 --> 0:23:03.199 to you by Rush Truck Centers. Now, some of the 0:23:03.200 --> 0:23:09.080 statistics from that December thirteenth wreath laying ceremony together they 0:23:09.160 --> 0:23:14.960 support We supported five thousand, five hundred and ninety eight 0:23:15.040 --> 0:23:22.080 participating locations, sponsored more than three point one million veterans wreaths, 0:23:22.440 --> 0:23:26.880 and mobilized millions of volunteers, a third of whom were children, 0:23:27.200 --> 0:23:31.359 across all fifty states, at sea and around the world. 0:23:31.600 --> 0:23:37.080 So there are locations different to veterans cemeteries overseas and 0:23:37.119 --> 0:23:41.439 in US territories that participate in this as well. Three 0:23:41.640 --> 0:23:45.879 point one million reefs were laid at these tombs and 0:23:45.960 --> 0:23:51.960