Truck Load Rates Halt 8 Week Slide 2.0

Yeah, we’re heading to either Indianapolis or Chicago for ~$3000 looks like unless something interesting comes up that pays big. I’d like to run something out and back from Chicago if possible to finish the week and put another 5 or 6k on the board.

I had a customer load for 6000 back to Indianapolis but decided to broker it out and skip back across on a couple broker loads for more money. It was a dry non and we’re paying out 57. So we’ll get a few bucks there and see what happens overall for the week.

Load out was a team reefer haz 1p 3d for 75.

 

It’s one of those deals that’s kinda hard. Take the 6000 and zoom back and get on another long load or keep the rate per mile higher but probably also have less revenue due to the time suck. Still trying to figure the best way to run a team.

Or load produce for cross country at 10k+ but I don’t like produce.

 

If he had to, he had no better alternative. Volvos and Cascadia are sold out 16 months out with no available allocations - they would not put you down on the waiting list. Maybe 2nd half of October, the Freightliner dealer said. I guess, it is a privilege to be an a waiting list now. That's about 6 months more of waiting as compared to what I was told in early fall of 2018...when 6 months later, you could leave with a brand new truck from a dealer's lot.
If it does slow down, I think I'll take time and overhaul my old Junker, the overhaul kits I can find faster than new trucks. They're about 5 - 6K which seems a small change compared to what all those folks are willing to pay to be in business.
Meanwhile, I received an email invitation from JB Hunt to service the local Walmart DC. 5 days week/3 months of commitment program where you do Power Only for flat $1200 per day. Up to 450- 500 miles a day and 2000 miles per week. In reality, some days may be as little as 150 miles. As soon as they make another hole in my trailer roof, I'll think about it.
Two years ago, it would have deserved a serious consideration.

 

Look at this used trucks pricing schedule from the Freightliner dealer:
No thank you...I'd rather overhaul and repaint mine.

No wonder the new inventory is sold out 16 months out.
Who wants these ticking bombs?

 

Who in the hell is financing these things? As in what lender would loan that kinda money on trucks inflated by 40 or 50k?

 

That's amazing. Wonder if they're actually getting those prices?

 

Same lenders that are financing this housing bubble.

 

If you're willing to pay a high enough interest rate, you can find lenders that will finance just about anything. This bubble is all about supply and demand. When new trucks start rolling off the assembly lines again, used prices will drop like a rock. Until then, used trucks are at a premium.

 

Now you can only imagine how much a new truck would cost based only the current demand and supply (spot market way). Say the manufacturers would not build them by orders but build them to sell on a truck fair. As a matter of fact, I heard a rumor of a local carrier that ordered about 100 of them last year, now when delivered they keeping 50, the rest they sell for $50 K more, another one does the same with delivered trailers...rumor or not but not to be dismissed as such since a friend of mine sold his 2019 Utility van for 40K. The buyer paid cash. .It reminds me of 1980s in my old country when official prices could not keep up with the real market prices. People were selling cars, that they picked up after years of waiting for 10 times the purchase price at a car fair. Part of it was inflation... I am not looking forward to relive those years.

Inflation in Poland:

 

I tried to order a kw that I don’t even want I was thinking about selling new before delivery for a profit , and my long time salesman talked me out of it…….

He claimed no one would pay the premium (I feel he’s wrong on this) and said you don’t know how things would be at delivery time. Which he couldn’t even set a date but said it would be next summer at least …..a long time.