In a time of uncertainty, this businessman says sales of his trailers have slowed down
“My Economy” tells the story of the new economic normal through the eyes of people trying to make it, because we know the only numbers that really matter are the ones in your economy.
Often at Marketplace, we try to show you the invisible parts of this economy: the truckers who are getting things from point A to point B in the dead of night, the customs brokers and grocery clerks who work behind the scenes or equipment that’s vital to many but that you may never think about.
One such item: trailers.
Mike Woglom is the second-generation owner of Cargo Trailer Sales in Lansdale, Pennsylvania, and Athens, Ohio. While business over the last decade has been strong, he said, the last few months have been harder.
“A trailer is a significant purchase,” said Woglom. “I think whenever there’s any type of uncertainty, whether it’s economic or political, some people just choose to wait until things settle before making a large investment.”
To hear Woglom’s story, use the audio player above.
Let us know how your economy is doing using the form below, and your story may be featured on a future edition of “My Economy.”
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.