Truck Load Rates Halt 8 Week Slide 2.0

Wait, who is this, you? Whose cousin is missing? It sucks regardless, just trying to understand.

 

I'm not stuck on anything. No fleet is going to lobby to for more compliance rules that add thousands of dollars to their operating cost, just to put small carriers out of business when they can cut the rates , or buy them cheaper. Oh and my trucking job has provided me with a great retirement, have fun working.

 

That breaks my ####ing heart man. So sad.

 

There is a clear indication of increased used truck sales, at least in Chicago area.

The same ex mega trucks are priced for $10K more than they were 2 - 3 months ago. All it took was 2 months of average rates getting closer to 3 dol per loaded mile. I hoped that the purge was more effective.

The problem is that the current volume surge is due to last year tariff war with China, which was further exacerbated by Covid-19. When the supply chain will be restored and warehouses eventually restocked then the capacity will be even more unbalanced than it was in 2019.

 

I wouldn't be so sure just yet. A huge factor that didn't exist in 2019 is that nearly half of small businesses in the US have closed their doors, and many if not most won't be coming back. Here on the west coast and in large cities across the country, family owned restaurants and many other small business are closed for good. That's going to greatly decrease the volume of goods moving to distribution centers. I read a couple days ago that 60% of the small businesses in San Francisco, Portland and Seattle have gone out of business. What that means for our end of the economy isn't clear just yet. I think it's going to take at least a couple years to see what our economy will look like and how the supply chain will react. Regardless of who wins in November, I believe we'll see restrictions and closures lifted shortly after the election. When these cities realize how much they're losing in taxes from all of the closed businesses, they'll be in full panic mode.

 

Y’all better keep the petal to the metal through Nov 3 all way to end of the year and hope like hell 45 wins. Otherwise, ever been on the downside of the first hill on a roller coaster? That’ll be what it feels like come mid Jan 2021 if there’s a 46.

 

Speaking of November 3rd, Governor Kate Brown of Oregon recently announced that the state Covid restrictions will be in effect until November 3rd. Just in case anybody was wondering if this whole Covid thing was a giant political move by those in power at our expense.

 

The BIG money in trucking will always be short haul dry van out of Southern Oregon, and flatbed out of Connecticut.