Breaking News! Our Semi Trucks Got Repoed & The Company Shutdown!

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  • Опубліковано 28 січ 2025

КОМЕНТАРІ • 148

  • @MuthaTrucker
    @MuthaTrucker  13 днів тому +26

    Goodluck to all the Kool Pak Family ❤

    • @100pyatt
      @100pyatt 12 днів тому +1

      BidenObamics has destroyed far and wide ... It's going to take a while to clean up this Blue devastation 🔥🔥

    • @edkennelly797
      @edkennelly797 8 днів тому

      Website is still active, are Canadian branches affected?

  • @bjbg6838
    @bjbg6838 13 днів тому +32

    Good thing they didn’t just abandon the drivers and staff.

  • @TheTruckersChannel
    @TheTruckersChannel 13 днів тому +46

    It’s a tough business. Unfortunate to see good companies close down.

  • @mattstarr8203
    @mattstarr8203 13 днів тому +66

    race to the bottom it's not going to stop

    • @Nobluffbuff
      @Nobluffbuff 13 днів тому +7

      Government is allowing it. Only the companies who've been here operating for eons are folding. They can't do anything against the cheap labor trend...borrowed time.

    • @WilliamOfficeSupply9832
      @WilliamOfficeSupply9832 12 днів тому

      ​@Nobluffbuff The right wing humans with their right wing political parties have destroyed this planet.

    • @3182john
      @3182john 12 днів тому +4

      Tariffs will accelerate this trend…

    • @100pyatt
      @100pyatt 12 днів тому

      BidenObamics fueled this corporate race to the bottom in every policy they used including flooding the market with sweatshop cheap Labor to take American jobs

    • @100pyatt
      @100pyatt 12 днів тому

      ​@@3182johnthe blue obamanomics way definitely isn't working

  • @maynezoscar
    @maynezoscar 13 днів тому +9

    Prayers for all the koolpack family.

  • @bigpapi101
    @bigpapi101 12 днів тому +3

    My slogan…. Stay Small; Keep it All!

  • @redwards41
    @redwards41 12 днів тому +7

    I worked at koolpak for 11 years, and it sucks but I retired earlier then expected

  • @furrydice79
    @furrydice79 13 днів тому +22

    I drive for a company down the street from koolpak. Didn't see this coming 😢

  • @henlohenlo689
    @henlohenlo689 13 днів тому +12

    i considered working for koolpak here in rancho cucamonga ca. but the wages offered is far below all the other companies in the area.

  • @DeepVerma728
    @DeepVerma728 13 днів тому +12

    Koolpak in Rancho Cucamonga, Ca? They wanted to hire me on the Dock.

  • @Fatbaldguy
    @Fatbaldguy 13 днів тому +22

    Seems that the only people making money are the ones not driving the trucks aka load brokers.
    The fmscsa really gave carriers the f u by not adopting the transparency rule.
    Brokers are destroying the industry and the millions of people involved in all things trucking.
    Fat pockets for people with not trucks and a telephone....

    • @100pyatt
      @100pyatt 12 днів тому

      It's all about the Lobbying companies like Brokers, Stock traders , Mega Insurance companies, Mega food producers, Mega Trucking.... All bought BLUE influence in DC 🔥🤡🔥

    • @darcyrogers8881
      @darcyrogers8881 12 днів тому +2

      I’m a broker, have been for 30yrs. There are some brokers who are transparent and know if we don’t have drivers, we won’t have customers. We pay honest rates for the job we need done. Our customers know how we have a business and stay in business. If you need laws for you to know how much money a broker makes. You need to make better relationships with the brokers you do business. If you rely on brokers for more than 22% of your revenue that’s not a broker problem that’s a bad business model.

    • @Fatbaldguy
      @Fatbaldguy 12 днів тому

      @darcyrogers8881 well unfortunately the majority of freight is moved by brokers.
      More companies seem to be in contract with brokers to move their freight so although most freight is moved by small carriers the same small carriers have very little chance of getting direct contracts.
      The problem is not that there's a law that's not followed about transparency already.
      The problem is when carriers ask for that they get black listed.
      Hello I think would also be beneficial in addition to transparencies is that brokers must have their own trucking assets and move at least 40% of the freight that they contract for themselves.
      This would stop the race to the bottom rates that brokers are seeming to perpetuate.Rated out of Florida are a good example. You well known $1 a mile freight is a joke. Those brokers deserve a good kick in the scrotum.
      Just in the past week I've been offered a direct load, problem is my carrier signed a broker agreement so we can't save the shipper money while making more ourselves.
      I'm not a fan of government over regulation although this situation has destroyed thousands of people by brokers bidding rates lower than realistic operational costs.
      It's time brokers are policed like carriers are daily.
      That'll remove the bad actors and bring rates up to where carriers can actually pay the drivers for their time and maintain the equipment and replace it when it's needed.
      Good brokers are great although I believe there's becoming less and less.

  • @outdooradventures7106
    @outdooradventures7106 13 днів тому +32

    I bet # 1 reason companies are going out of business is because Insurance rates are way to high. They are price gouging companies.

    • @WilliamOfficeSupply9832
      @WilliamOfficeSupply9832 12 днів тому +3

      Private equity crooks.

    • @100pyatt
      @100pyatt 12 днів тому +4

      BidenObamics 101 🔥🤡🔥

    • @drp1bb856
      @drp1bb856 12 днів тому +2

      This is horrendous, and I can’t help but think that mega carriers are now using their leverage to either buy up smaller regional/national companies or shut them down. If Penske is making money from a smaller company over 150 chassis cabs, and another company that they make money on over 500-600 cabs threatens to take their business elsewhere, etc that will have a tremendous impact on if they choose to extend credit lines, roll payments due dates, etc.

    • @Emyr-vz4oz
      @Emyr-vz4oz 12 днів тому +1

      I am having issues getting hired due to companies are unable to hire fresh graduates. I have experience, but it is not a public commercial license. Even though my experience was military and on company properties. FMCSA and Federal policies, I guess.

    • @Lifeshard86
      @Lifeshard86 12 днів тому

      ​@@Emyr-vz4oz getting out of school fresh it's always tough. Sometimes you have to go with something you may not want for a year and than you'll be ok.

  • @Patrick-tw7nr
    @Patrick-tw7nr 12 днів тому +4

    The biggest challenge is that cost of running a multi client public warehouse and then use company assets to move the freight is that a lot of overhead to cover and if there isn’t enough business to sustain enough margins to operate, it’s hard to stay in business and compete against 3PL and 4PL that can do the same at lower costs and maintain a good service level that customers need. Just in the Seattle area alone there are a lot of 3PL warehouses just around Kool Pak offering the same services but have multiple carriers picking up and delivering freight. I’m sure a majority of the trucks are brokered capacity and some dedicated carriers as well. That is just the market

  • @markstarcher3043
    @markstarcher3043 12 днів тому +4

    I have been a succesful owner operater company for 27 years. Had 0 company debt and was put out of business 3 months ago!! Its horrible out here. Now i am bankrupt.

    • @darcyrogers8881
      @darcyrogers8881 12 днів тому +3

      I would like to hear your story, please tell us what happened.

  • @MS-nm2kt
    @MS-nm2kt 12 днів тому +4

    It’s sad to see a company that does good by their employees and customers close doors

  • @justinemoriarty7976
    @justinemoriarty7976 12 днів тому +3

    I will pray for those truckers who lost their jobs I will pray for their family and love one who are suffering do to the truckers lost their jobs thank you truckers for keeping the human race alive to all those truckers who are in the middle of the storms that that have enough food fuel and drinks why they weighting out the storm I will pray for all that are in California were the fires are be safe may God bless all the truckers

  • @Henrydawg
    @Henrydawg 13 днів тому +6

    Bless you all.kool pak family❤

  • @artme-v2b
    @artme-v2b 12 днів тому +3

    You cant compete against these new drivers and foreign drivers destroying freight rates

  • @somebody9785
    @somebody9785 13 днів тому +18

    Cheap freight destruction strikes again!

    • @darcyrogers8881
      @darcyrogers8881 12 днів тому

      What causes cheap freight? To little loads for the trucks available. 😊

    • @somebody9785
      @somebody9785 12 днів тому

      @darcyrogers8881 truck supply vs load demand. It's not so much freight volume, there is too many trucks out here. Too many foreign drivers especially. fmcsa data showed there still over 2 million more trucks now on the road than in 2017

    • @darcyrogers8881
      @darcyrogers8881 12 днів тому

      @@somebody9785 please reread my comment. It says supply vs demand. “To little loads for trucks available.” = more trucks than loads. If you like the way it sounds better coming from you I’m good with that.

    • @darcyrogers8881
      @darcyrogers8881 12 днів тому

      @ I had a knee jerk reaction. Please accept my apology. When did the trk supply ramp up? When did the fright volume leave? Look at the housing market and ask when did supply ramp up? When did demand fall. There are charts you can look up, it shows the correlation. Than look at money supply from 2020 to current and over lap chap charts. All 3 look the same. Except transports drop faster and raise slower.

    • @somebody9785
      @somebody9785 12 днів тому

      Overall freight volume is stable. The problem is too many trucks out here. The supply of trucks increased by the millions of the past few years.

  • @noApologies72
    @noApologies72 13 днів тому +8

    There's a Kool Pac facility here in Rancho Cucamonga California well sorry to hear they're shutting 😕 down

    • @MuthaTrucker
      @MuthaTrucker  13 днів тому +5

      Yup! That's the one

    • @noApologies72
      @noApologies72 13 днів тому +2

      Wow I practically drive by there every day😢 sorry for the drivers and rest of the staff

    • @MuthaTrucker
      @MuthaTrucker  13 днів тому +2

      Yeah, sounded like a great place to work

    • @MarshallMcCrory
      @MarshallMcCrory 12 днів тому

      ​@@MuthaTrucker
      I know a guy that is paying
      NINETY THOUSAND A YEAR FOR INSURANCE.

  • @sonzofman4224
    @sonzofman4224 12 днів тому +2

    It’s hard maintaining 1 truck these days, 100 trucks can only imagine

  • @Patrick-tw7nr
    @Patrick-tw7nr 12 днів тому +1

    Really! I was just there yesterday in the Seattle area and didn’t know they were that bad. I did however know that the company across the street were shutting down.

  • @buiutyr
    @buiutyr 11 днів тому +1

    Bad managment dumb decisions As a truck driver during covid i was eld free driving reefer ,No one on the road but few cars and truckers.Deliveries were in high demand for products and food.

  • @nobodygrinder5667
    @nobodygrinder5667 13 днів тому +2

    I have a dedicated run, I pickup in Clackamas, Oregon next to a Kool pack. It's crazy they are shutting down

  • @screwplanplaybook7121
    @screwplanplaybook7121 13 днів тому +5

    sad to hear.

  • @Peaceandbless
    @Peaceandbless 12 днів тому +1

    He said the new warehouse Calls them a lot and they doubled their rent... People think the housing market is bad the real estate for buildings isridiculous....

  • @PaulChesnut
    @PaulChesnut День тому

    Yep, I've used them before. They were a good company.

  • @weirdfan88
    @weirdfan88 13 днів тому +2

    I used to see them a lot when I was local and picked up next door to them in the past. Sucks that this happened.

  • @sabiansatchel
    @sabiansatchel 12 днів тому +3

    No truckers no food that's the plan.

  • @davidpyle2786
    @davidpyle2786 12 днів тому +3

    Too much cheap freight, scamming brokers and foreign drivers who haul cheap freight

  • @michaelmccamish4008
    @michaelmccamish4008 12 днів тому +2

    Looks like this company is located in California, one big reason for them going under is the ridiculous regulations California has imposed on heavy trucks. They just did the last few days set aside those regulations because of the disasters affect they were having on companies such as this one.

    • @redwards41
      @redwards41 10 днів тому

      Was not located in California

  • @SopheapKiv
    @SopheapKiv 11 днів тому

    Cheap rates, parts, and maintenances are the cause and effect. No companies can keep up in a long run. Unless changes are made.

  • @PARMYGUY
    @PARMYGUY 12 днів тому

    DAM NOT KOOLPAC SHH. Seen them in. dallas on 175

  • @martinguerrero1530
    @martinguerrero1530 13 днів тому +1

    Another one DID bite the dust.

  • @joshnaranjo4691
    @joshnaranjo4691 13 днів тому +4

    It all comes back to the job market of competing with fleets with cheap foreign personnel on their payroll that haul cheap frieght. Smh

    • @BrittanySmith-e1t
      @BrittanySmith-e1t 13 днів тому

      Agreed

    • @Nobluffbuff
      @Nobluffbuff 13 днів тому +1

      Perfectly said! Everyone worried about broker transparency out here....HELLO...why should the shippers pay any more, when they have all the incentive of cheap labor exponentially pouring in here, right?

  • @maxmurphy7306
    @maxmurphy7306 13 днів тому +5

    GOOD COMPANIES ARE CLOSING DOWN AND WE GOT LEFT WITH 🚽 🧻 💩.

    • @Nobluffbuff
      @Nobluffbuff 13 днів тому +2

      Correction: 🚽 💩 🍶 Using TP is against some drivers religion. If you know, then you know what I mean, and that is why good companies keep closing down.

  • @wayneharmon8324
    @wayneharmon8324 12 днів тому

    So sorry 😢

  • @maxspellman6669
    @maxspellman6669 12 днів тому

    They had a dc in Clackamas.

  • @drp1bb856
    @drp1bb856 12 днів тому

    This is horrendous, and I can’t help but think that mega carriers are now using their leverage to either buy up smaller regional/national companies or shut them down. If Penske is making money from a smaller company over 150 chassis cabs, and another company that they make money on over 500-600 cabs threatens to take their business elsewhere, etc that will have a tremendous impact on if they choose to extend credit lines, roll payments due dates, etc.

  • @burgessdaryl8757
    @burgessdaryl8757 12 днів тому +1

    Great place to work and close their doors 🚪 sad

  • @Apogge_kings
    @Apogge_kings 12 днів тому

    We are hiring in Portland!

  • @JohnLee-ud2gm
    @JohnLee-ud2gm 12 днів тому

    All that will be left are the big companies. 😮

  • @Smooth-wc6zp
    @Smooth-wc6zp 13 днів тому +1

    How much PPE did they receive?

  • @allenludwin
    @allenludwin 5 днів тому

    Hi fuel prices,California truck regulations, sad to see them go

  • @FranciscoA-vg8ri
    @FranciscoA-vg8ri 12 днів тому +1

    The business structure for trucking companies are setup for failure, we need a reform or a completely overhaul, so many trucking companies from 1 to 3,000 trucks going out of business every year.

  • @Meraklija23
    @Meraklija23 13 днів тому +3

    I don't like to hear when big carriers say the cause is Covid, a lot of money was made during and after COVID, and many companies got money after that from the state and where did that money go? Where is money when they get bonus when buy new truck and new trailer. I would like to know how big forgiveness grant get from the country.

    • @artlife1826
      @artlife1826 12 днів тому

      Agree a lot of them pocket that money that’s what I think happened to be honest and they just blame whatever they know people going to buy

  • @freighthauler7642
    @freighthauler7642 12 днів тому

    Oh well.
    It happens

  • @vicpetrishak7705
    @vicpetrishak7705 11 днів тому

    Companies cannot lease trucks and stay in business .
    Everything trucking companies own are on wheels and everything else can be loaded in trailers .

  • @Bill-cb4bh
    @Bill-cb4bh 12 днів тому +1

    All the drivers taking cheap freight and cheap pay

  • @berthelvetic1923
    @berthelvetic1923 13 днів тому +2

    During covid the carrier make money. This argument doesn't bit.
    But the downfall is , no money o buy trucks ( new trucks are to expensive and no money makers anymore).
    Rent and lease trucks to expensive and fuelhogs.
    This is a systematic race to the underground for transport businesses. Nobody make any money. Only the logistics companies go rich.
    Stay out for 1 more year.
    Then have enough cash money for a used 2004 model, but never a red on. With the yellow engine you can go to 2007. Stay away from all mercedes brands, don't matter witch year manufactured . They'll destoy even a good engine with shit software.

  • @jasongraham8250
    @jasongraham8250 12 днів тому +2

    KOOLPAC is a great company. This is very sad.

    • @danielgraf8957
      @danielgraf8957 12 днів тому

      L😂😂😂😂😂😂😂😂😂😂😂😂😂😂

  • @MarkLuther-j4s
    @MarkLuther-j4s 12 днів тому

    Heard any news of Jack Cooper loosing ford account?

  • @ivanmendoza4943
    @ivanmendoza4943 13 днів тому

    Yes i got

  • @ARMINIUS-d8n
    @ARMINIUS-d8n 13 днів тому +2

    Mega carriers will be the last standing companies 😢

    • @Nobluffbuff
      @Nobluffbuff 13 днів тому

      They will only be standing if they choose the cheap labor trend. Who knows... maybe the already have a percentage of H1B drivers on their books...but nonetheless, that's the direction they are confronted with.

    • @ARMINIUS-d8n
      @ARMINIUS-d8n 13 днів тому

      @Nobluffbuff
      The cheap labor trend has been in fashion since the Jimmy Carter days or maybe before that. Freightliners are made in Mexico. John deere is moving to Mexico. Harley Davidson is assembled in china.😂

    • @Nobluffbuff
      @Nobluffbuff 13 днів тому

      @@ARMINIUS-d8n I see. However, you cannot move freight in America outside of America, so my point is that the outsourcing has to come here for it (trucking companies) to survive, unlike manufacturers who can outsource their operation to outside of America.

    • @ARMINIUS-d8n
      @ARMINIUS-d8n 13 днів тому

      @Nobluffbuff
      I have been fueling at truck stops the past couple years in multiple states. CDL drivers from India Mexico ukraine eastern Europeans cubans They have been slowly trickling into the USA trucking industry for a few years now.

    • @Nobluffbuff
      @Nobluffbuff 12 днів тому +1

      @ARMINIUS-d8n I agree. Something fundamentally changed over the last five years, in that regard. Seems like everyone in the world knew this would happen, well before we could see the change with our own eyes.

  • @lebronbain4146
    @lebronbain4146 12 днів тому

    Great companies and companies that are “ well run” don’t get their trucks repossessed.

  • @kelg-ti7xb
    @kelg-ti7xb 12 днів тому

    100 drivers that a small business

  • @Asking4contentmentwhereeveriam
    @Asking4contentmentwhereeveriam 13 днів тому +2

    Im in ltl and we're down sizing. The economic crash is coming. There saying a great depression worster than the 1930s.

  • @bill7778
    @bill7778 12 днів тому

    Alex!!! The dumpster fire continues!! 🔥

  • @dabbog5518
    @dabbog5518 13 днів тому +2

    HealingLoveALL

  • @Mar-z-j6p
    @Mar-z-j6p 10 днів тому

    I have been a trucker for 12 years and I'm looking for someone to purchase my old baby he's just 10 years old I need a real trucker not a stressful one that ask a lot of questions but a ready to buy truck driver.

  • @AmericanPatriotsMissouri
    @AmericanPatriotsMissouri 10 днів тому

    None of those big companies own the truck there all leased.

  • @killerkempa1
    @killerkempa1 13 днів тому

    Where can I buy these repo🙃

    • @stevejoramo8013
      @stevejoramo8013 13 днів тому +1

      Penske was leasing the equipment to the carrier. The equipment went back to Penske.

  • @Asking4contentmentwhereeveriam
    @Asking4contentmentwhereeveriam 13 днів тому +1

    A year ago when inflation began Yellow were the 1st to go out of business.

    • @itruck96
      @itruck96 13 днів тому

      Yup! ABF is next!

  • @BrianKaufman-v9m
    @BrianKaufman-v9m 11 днів тому

    15th of January it’s the 17th what has changed

  • @Smooth-wc6zp
    @Smooth-wc6zp 13 днів тому

    Is this FFE that bankrupt owner operators few years back. Mergers and acquisitions?

    • @alecjohnson2155
      @alecjohnson2155 12 днів тому +1

      Ffe didn't bankrupt ownerops. They changed their biz plan and went mostly company. They still have a few ownerops and lease purchase drivers on dedicated runs. The Duff Bros ( kllm) bought ffe out and turned the company around financially. The Stubbs family nearly bankrupt ffe. The Duff Bros saved ffe. They spent hundreds of millions of dollars in new equipment and facilities to do it.

    • @redwards41
      @redwards41 10 днів тому

      Koolpak has nothing to do with ffe

  • @Buddyelvis1-2022
    @Buddyelvis1-2022 13 днів тому +2

    If you're a good trucking company, you're going to get shutdown

  • @johnkucik1833
    @johnkucik1833 12 днів тому

    I don’t believe any trucking company that goes broke & inevitably gets rid of all employees, then auctions everything off unless they didn’t plan it in advance ! The main controllers of the company did things wrong , they kept their operating costs too high in numerous ways , namely fuel consumption from all their trucks limited to foolish high speeds , excessive tire wear , wrecks , idling instead of generators , bunk heaters. The company controllers get tired of things ,want a change in their lives , so they spend the companies funds on what they want in their personal lives ,then cover it up as much as possible , until the bottom falls out ! Simply inner company corruption & lack of a strict business plan & a mandatory 55 mph & w/ a fleet of 100 trucks saving over $ 500 each & every 7 days =$50,000 dollars each week saved in fuel costs alone & tires and oil would be another $1,000 dollars each wk & if every company did this & fuel (bonus -ed) each driver w/33.3 % & if they’d kept their 66.7% they’d be around for decades longer ! But who really wanted that any way !!! 🤔

  • @Truckerkingdan
    @Truckerkingdan 12 днів тому

    I can't understand why covid gets blamed for everything,I never missed a day during the pandemic,,I haul steel and their customers carried on business as usual,,, and even the aluminum turnings we hauled back was right out straight,,youngstown ohio to NH,2 rounds one week and 3 the next, it's been that way since 1978,,I've never hauled foodstuff but t everyone had to eat during covid, so I don't understand the issue

    • @zavettataylor2882
      @zavettataylor2882 4 дні тому

      During covid, rates were higher and many new drivers entered the industry. Ppl were buying trucks at an inflated price. Now the rates have contracted, drivers are still flooding the industry creating a deficit. That's why a few companies are going under. They overexpanded during the pandemic even though it wasn't sustainable.

  • @choochoorabinowitz5354
    @choochoorabinowitz5354 12 днів тому

    Meanwhile Super Ego still running scamming drivers

  • @davidburney8463
    @davidburney8463 12 днів тому

    STOP LEASING TRUCKS. YOU WILL NEVER GET ANYWHERE IF YOU ARE ALWAYS MAKING PAYMENTS. Why not start by buying 10 used trucks for cash at auction and save that $4k a week.. I never did understand why mid-size companies don't continue to do what got them to 40,then,50,....NO law says you have to keep up with CR English,JB Hunt and the rest of the big 7. They have had decades of being around with D.C. in their side pocket

  • @SLOWnLOW1
    @SLOWnLOW1 13 днів тому +5

    It’s a restructuring it will come back in a few months as Pack Kool.

  • @sseeaahhaawwkkssrule975
    @sseeaahhaawwkkssrule975 13 днів тому +1

    😢

  • @neilpuckett359
    @neilpuckett359 12 днів тому

    Freight rates are in the sewer. End of story.

  • @Whodat915
    @Whodat915 13 днів тому +8

    Kool pack is a FFE sister company they did the LTL freezer loads brought them to the FFE warehouse where we would take them out, they were like the local delivery mostly non-CDL

    • @coreyholmes49ers
      @coreyholmes49ers 13 днів тому +2

      Whodat915: if you saying ffe trucking they don't own kool pack.

    • @brisasbooks
      @brisasbooks 11 днів тому

      Kool Pak is not a sister company to Kool Pak. The only sister company is Polar in Canada.

  • @cleofuss_the_junkie
    @cleofuss_the_junkie 12 днів тому

    2025 is NOT starting off on a good note....

  • @samblakey600
    @samblakey600 12 днів тому +1

    Guy getting interviewed is terrible 😢. Couldn’t follow the guy 🙄

  • @rogerhouptjr154
    @rogerhouptjr154 13 днів тому +3

    They couldn’t be all that in a bag of chips if they got their stuff reloaded and had to shut their doors
    They didn’t do the Trucking community in a good
    Bad business practice is doing the Trucking community get real dude

  • @keithkearns9221
    @keithkearns9221 12 днів тому

    Living in a CONSTITUTIONAL REPUBLIC you know what I'm about to say is covered by the UNITED STATES CONSTITUTION: The Supreme Law of the Land !!
    The fact, the fact Trump didn't Appoint a Trucker or even someone from OFFICE WEASEL'S at OOIDA screams like a banshee !!
    More disrespect coming from the Top down to Truckers.

  • @TheHost2020
    @TheHost2020 13 днів тому

    Purge is coming 👻💀get your wallets ready for cheap inventory 🫵🏽
    Sad, but we’re in this brutal industry, shit can slide sideways unexpectedly