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Todd Spencer

Former CEO of Doe-Anderson

Aug 12, 2026

27:29
Do you remember what was going on there?
27:31
Absolutely.
27:32
1979 shutdown.
27:34
That was an interesting year for me because I was a steel hauler then and the company that I was working for was a Teamster company.
27:47
And I was a Teamster and the Teamsters had a shutdown, a strike in March of 79.
27:54
And of course, I participated in that.
28:00
And then when that one got resolved, fuel prices started taking off.

24 MINS LATER

51:40
detective.
1:48
And then what's making things unique right now before we get into the nitty gritty?
1:53
Well, probably the kind of the probably the kind of history of the driver shortage goes all the way back to when the industry was deregulated, when you have all these carriers that truckload carriers primarily were.
2:09
that had new opportunities to basically to be national powerhouses if they could just get the equipment and the drivers so they could buy the equipment.
2:22
There are some economic real horror stories that went on back then, you know, but the driver issue has always been we need more, we need them quick.
2:38
And we don't want to pay much.
2:40
And it's kind of always been a self-fulfilling prophecy.
2:44
When you put people in situations where they're not really capable of handling those situations, they burn out quick.

8 MINS LATER

10:36
Let's get for folks who haven't been catching up.

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