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The Indicator from Planet Money

Freight drivers feel the flip-flop

The Indicator from Planet Money

NPR

Business

4.79.2K Ratings

🗓️ 6 June 2023

⏱️ 9 minutes

🧾️ Download transcript

Summary

Today, we power up our CB radios to find out what's roiling the transportation services sector, and talk to a trucking company operator who's feeling what one regional bank called a freight recession.

Transcript

Click on a timestamp to play from that location

0:00.0

NPR.

0:02.0

So I was reading the latest beige book report from the Federal Reserve and it made me

0:15.8

nostalgic for truckers.

0:17.8

I thought you were going to say penny candy or something.

0:20.5

So why are you thinking about truckers?

0:24.1

So this may sound weird, but when I grew up in the 1970s, the coolest people in the

0:29.5

entire world were truckers.

0:31.9

There were trucker songs on the radio like we got a great big con, boy.

0:36.4

And there were trucker movies like Smoky and the Bandit.

0:39.6

And I even got a CB radio for Christmas so that I could sit there all night going record

0:44.6

one nine record one nine.

0:46.0

This is animal spirit here.

0:47.6

Was your CB name animal spirit even as a child?

0:50.6

You were born to cover economics.

0:52.4

No, I can't remember what it was, but I thought that one would be funny for our economists

0:55.8

in the audience.

0:56.8

Well, I did enjoy that little Easter egg robber, but what does this all have to do with

1:00.9

the beige book?

1:02.2

Let's just say that one particular story in the most recent beige book will make sure

1:07.1

that all you good buddies get your ears on because we got the 10, 17 about the trucking

1:11.3

industry trying to keep the shiny side up.

1:13.4

I didn't understand any of that, but I'm really excited.

...

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