It peaked a while ago. They dropped off a bit but it's still holding steady. No more 1500 on 150-175-200 miles (well sometimes depending on the day) but yeah rates are still up. In a good market it's still easy getting 1000+ on short haul rates less than 200 miles
Latest DAT projection: rates are peaking right now
Discussion in 'Ask An Owner Operator' started by slow.rider, Jul 16, 2021.
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I wonder if the housing market will follow the projected rates graph? There's a ton of mixed theories on what it will do. I feel like our industry just follows the fear and greed index of basically whatever big business is doing or projecting. If the banks get loose with lending or the fed lowers rates we make hay but when they get fearful we see the results on the spot market.
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By that chart, rates are going to increase through 1st qtr 22. Even when the change goes down, the rates are still going to be 20 - 30 percent higher than they were during the same time period 2019. The last year the we might consider "normal".slow.rider and Wasted Thyme Thank this. -
Yeah I know, it says it in letters right there on the side of the chart. Still, that's my excuse and I'm sticking with it.
MysticHZ Thanks this. -
The problem is the government is giving money to people who are not producing anything and they are going out and spending it.
When the banks start shutting down credit it is the beginning of the end.
The stimulus checks and now the checks for having children are the beginning of UBI.TallJoe, Midwest Trucker and Rubber duck kw Thank this. -
Just got $2.03 out of Houston to Atlanta......44k, live load / drop, dry van.
Revenue Q2 2021 $47,805 vs $31,865 Q2 2020
Fuel Q2 2021, $9901 vs $5964 Q2 2020
It's turning out to be a pretty good yearSpeed_Drums and Wespipes Thank this. -
Midwest Trucker and staceydude Thank this.
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#### me. If rates stay this high I might never get a day off.
LameMule Thanks this. -
Even landlords haven't been able to evict deadbeat tenants.Midwest Trucker Thanks this. -
Midwest Trucker, God prefers Diesels and Opus Thank this.
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