Truck Load Rates Halt 8 Week Slide 2.0

I heard here and there that an illegal entrants would get $450 000 in one thread, then $500 000 in another...not knowing what the hell is that all about.
I decided to do some Google search and was really in shock reading about the proposal of paying damages of $450 000 to each family person. This is close to a million of USD to a family! They might as well come up with the law of an an average working class family's such as mine to adopt a refugee family and provide room and board. How many of you have ever seen $450 000 on your bank account...you hard working people?
This is unbearable on the mind about what they do and say already.

 

You have to realize by now, there are people running our government that are insane. It's not anything new. It's a mental condition that has been present in the US for at least 150yrs, and around the world since at least 3000 B.C.

It truly is insanity. Trying to understand it is an effort in futility that will at best exhaust a rational person's mental faculties. It hides behind grandiose language, calling itself the exact opposite of what it is.

Some people have been sounding the alarm for decades, but nobody wanted to listen to the ones the insane called "angry old white men", regardless of who they actually were.

 

Spot on. People have been screaming from the rooftops for a very long time. Sadly, nobody will listen until they feel some personal strife. Until the fat and happy are hungry and thin they'll never listen.

 

Agreed.

Most have too much to lose right now. When the majority has nothing left to lose, that's when things are going to get interesting.

 

Ha, I kept saying market is getting softer for a while now.
Just got an email from Coyote with some data. The next downturn will be a bloodbath for people with 200k trucks and 100k trailers

 

I'd probably trust a stranger over the internet before I'd trust Coyote to tell me what's going on with rates. I'm not saying they're wrong, but they have an interest in telling their carriers that rates are dropping. I wouldn't be surprised if they had an inverted model of that graph that they send to shippers showing that carriers are on pace to charge record setting rates.

 

Ok, I am your stranger from the internet and I can tell you that dry van spot rates and load volume have been going down for few weeks now

 

However, I think it's seasonal and we will get a bump after Thanksgiving, but starting next year the downtrend will continue.
Once the supply chains are restored, then spot market will get really crappy again

 

So what were you not getting, $2000 from Chicago to Detroit, and $4000 from Detroit to Boston? That could never be lasting so good for so long.
I don't remember hauling from Milwaukee, Wi to Breinigsville pa for 3800 and then back for 2000 ever before pandemic.
If your staying above 3 dol per mile then it is still record high.

 

That graph is sort of deceiving if I’m reading it correctly. That just shows slower growth, not negative growth.