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Freight rates questions
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dairyman78
Posted 6/9/2022 07:25 (#9697448 - in reply to #9696039)
Subject: RE: Freight rates questions


S.C. Wisconsin
John Burns - 6/8/2022 09:20

Not much different than when farmers produce grain below the cost of production. Eventually it weeds out the most inefficient and poorly capitalized producers, but it takes a while. In the mean time everyone else suffers along till things change.

Pretty much standard business proceedings. No matter what business a person is in.

typical business cycle, when there is money to be made you get a lot of players, when the margins disappear there is a race to the bottom eliminating under capitalized players and in the end it's controlled by a few higher capitalized players where they can control rates.
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