Truck Load Rates Halt 8 Week Slide 2.0
Discussion in 'Freight Broker Forum' started by Scooter Jones, Mar 7, 2020.
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Rocks, 86scotty, Scooter Jones and 1 other person Thank this.
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In addition, I'm finally beginning to get some traction on the PPP funding a my local bank. See my post #104.
If things go as planned, I'm probably going to park my truck for a couple of mos (or more) until things get a little better if they fall completely off the cliff, UNLESS there are loads to run at a profitable rate. I'm in far better shape financially now than I was during the great recession of 2008/2009 when I was a contractor. Will see how it all unfolds.
One day at a time...Midwest Trucker, PPLC and Dale thompson Thank this. -
tommymonza and Midwest Trucker Thank this.
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Rocks, 86scotty, Midwest Trucker and 2 others Thank this.
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tommymonza, Dino soar, Midwest Trucker and 1 other person Thank this.
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The cliff has arrived here in my area...
Swanson Lumber, which is a huge plywood mill just laid off 300 workers, skeleton crew now in Glendale, OR. Eugene mill closing down soon as well.
The owner used the word "indefinitely" to describe the shutdown...
Boise Cascade in Medford is closed down right now as well. Seneca Falls mill in Eugene, OR down to a skeleton crew.
A friend of mine who drives a shuttle truck for Roseburg Forest Products just texted me and said that today the company started asking for voluntary driver layoffs. RFP is a behemoth company here in the PNW.Dale thompson, tommymonza and Ruthless Thank this. -
As I was saying in another thread, confusing it with this one, that loads out of the water plant in Pleasant Prairie, WI going to Chicago Land: Orlando Park, IL or Lenox, IL (about 70-80 miles each), for which I made a bid in Convoy app for $550 (I used to get $600-700 for those) were sold for $280 and $299, respectively - Convoy shows you now how much you lost in your bids.
After fuel and tolls they are left roughly $190 - 200 for all night work and most of your 14 hour clock burnt. The pick ups were like 2 am - 3 am.
Those who took them must have been rather desperate with no cash on hand and now they will eat any little bit of carcass they're able to find. I hope that this cliff will have a catalytic effect on the current overcapacity break down. It will expedite it into a sudden burst and the sooner the better.
Another thing is that there is no way they can keep driver's pay here at 55c at these rates. I don't care if it is 1099 or W-2.Last edited: Apr 9, 2020
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These mill closings will have a devastating effect on so many levels, it's almost incalculable in the long run if this continues.Dale thompson and tommymonza Thank this. -
I mean, if had only $375 dollars cash savings and bunch of maxed out credit cards, I'd say, f...Covid-19, I need to work. On the other hand, those who can hole up for half a year or more would rather wait it out...I can't blame neither...I don't know what to think any more.Midwest Trucker Thanks this.
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