Hadn't heard about trucking companies shutting down and I deal with a lot of them, though not common carriers. Getting new trucks, now that is a different story.
And used ones are stupid expensive.
About a month ago, I read an article (may have been linked here) that IIRC, by mid July, gas would be $6.25 a gal. It was likely still under $4 so I dismissed it. Well, I am thinking they may be right.
I wouldn't want to be a young family right now and anybody who's budget was tight before has got to be hurting now and it will get worse.
Look for the middle class to shrink and the lowest earners to be in trouble.
I am seeing things slowing up a bit.
BUT,,,,,,,,,,,,,,,,,,,,,,,,,,,we have gone through recessions before and always recover, think we will recover again.