Freight Waves says the bloodbath is coming...

$100k sounds like a deal vs what's on truckpaper!

 

That just makes me thankful I don’t have to run spot freight because I’ve neither slowed down nor saw our rates “plunge”.

 

There are an ESTIMATED 20 MILLION millionaires in America alone. Think about that for a second,,20 million folks that think there's nothing wrong. You simply can't have that kind of gap in a country and expect it to survive. The problem is, those 20 million people depend on the folks that can't make it, deeming their millions worthless, well, not worthless, just their money won't make everything okay. Nothing is more evident than right here in "rich folks Colorado". These people have money, but nobody to bring them their pizzas and such. Now with fuel beginning to take notice, I think Americas greedy, shameful, everything on credit behavior, is finally coming around to bite them. I complained about someone buying a new truck or thinking of one, or ANY large purchase, it shows how ignorant and in denial some can be. I truly believe, these are the absolute WORST of times.

 

There will always be top dige dry van out of Central Point and flatbed out of Connecticut.

 

Over 30 trillion in debt, as a nation We are well above national GDP every citizen is born into a quarter million in debt.

 

Rail volume has long been a sign of economic health in the real world (i.e.: durable goods, agricultural-related products, raw materials for consumer products, etc.--not hype driven stock gains and fluff (i.e.: tech companies and the "latest and greatest" trends like electric vehicles, solar, etc., that may never actually turn a profit).

Rail volumes have been down for all of 2022 and even parts of 2021 as compared to 2019. Intermodal is also down. Coal is one of the few things posting gains although it's nowhere near what it once was before 2008.

Things are cooling down and have been while few notice. 2021 was mostly strong as everyone was trying to catch up from the 2020 lockdowns, closures, and interruptions. Things are quickly going back to 2019 or below volumes.

 

Debt based currency system

 

I really don't care to get in the middle of this silly argument there's some members posting on this thread I have respect for ..That their theories suprise me
Iam only going add this how many of you were even born in 1980 or can't remember the mess this country was in then. My guess is not many of you by the posts your making
2 .. Surely you guys realize the freight movement your arguing about is just a small indicator so if your basing the raise of fall of this country's economy over freight movement today or a month from now .. I don't thi k you would make very good economic advisors

Carry on

 

1. Whenever a Utility dealer calls me with a deal on a new trailer or a lead time on a new specd truck will be 3- 4 months or a dealer specd truck you could get on walking in basis, then it means that things got slow.

2. Or whenever I can't make more than $ 5k a week on a 1500 mile IL-MD-IL loop

3. Or Chicago, IL - Denver, CO pays less than $3500
‐‐--------‐------------
The balloon is overblown with the current record number of trucks and trailers being utilized at the moment.
It has been 21 months of a good run... It will affect everyone. Spot market first. Then it will spread on everyone else. As it did before, it is only a matter of time. Before it gets better all segments will feel it. The law of connected vessels is absolutely adequate here.

The cyclicity pattern was that prosperous rates lasted 1-2 years and then were followed by 2-3 years of poor to mediocre levels.
The blood bath is reserved for those who have started $4-5k monthly installments on equipment in addition to $1.5-2k insurance premiums on their authority insurance premiums.

I won't bath in blood, because right now my overhead cost is maybe $1300 a month, where $700 is insurance, $300 is parking, the rest is IRP, 2290, UCR, Drug Consortium...little things.
I'll be the one pulling freight at $1.70 if must be, and will make it. You can try to persuade me not to, I may even agree, I can sit and wait some but it won't change much, there's million more like me...

 

Don’t forget the $11,000 Landstar van loads that they throw around like candy at a parade.