China bans Micron chips from Taiwan (for government purposes)META fined record-breaking $1.3b for not complying with EU data privacy laws (Facebook continued to transfer data from European accounts to US servers). META seemed unaffected or barely.
META made a $39b in 2021 and $23b in 2022 profit (revenue for 2022 was like $115b). They had been investing in metaverse also.
Accepting basically any cargo. Might get ‘worse’ than GFC. Boom-bust cycle, pricing had gone up a lot. Capacity has gone up also. It's easy to start a trucking company. There's no moat. It's very accessible.
Freight market might be 6-month forcast of broader market. (So slowing more than what is recognized.) People are not buying as many goods, anecdotally.
Banks control new entrants into economy (new businesses). Banks slowing lending might not be good for broad economy, but might be good for trucking economy.