Truck Load Rates Halt 8 Week Slide 2.0
Discussion in 'Freight Broker Forum' started by Scooter Jones, Mar 7, 2020.
Page 600 of 682
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JoeyJunk, PoleCrusher, dwells40 and 1 other person Thank this.
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It'll move. Always does because everybody has bills to pay. I'm sure all the new authorities out there depending on brokers figured out how to survive on $2,000 net weeks? Or $1,000? It can go there, and worse. Probably will. Some people can coast on thru times like that. Can you imagine having overpaid for a bunch of equipment in the past year or so and facing that prospect?
JoeyJunk, Brettj3876, PoleCrusher and 3 others Thank this. -
The truck I’d like to sell just for the money is my ‘18, but it’s so much nicer than my old one I’m really hesitant. I’d like to sell my van too but I think that would be a mistake, and I don’t really want to sell my flat.JoeyJunk, Midwest Trucker and PoleCrusher Thank this. -
I had to buy 3 overpriced trailers so I’d also like to recoup some of that by selling some existing overpriced used stuff. Only you know your situation and such but Im definitely heavily investing in having the latest equipment I can afford, I probably would do the same in your position to keep max efficiency and consistency.JoeyJunk, Long FLD, Accidental Trucker and 1 other person Thank this. -
I reviewed the corresponding rates from this time last year. Keeping in mind that fuel is at 4.6 after discounts, they aren't that way off.
We see the acute contrast between the current rates and those from 4th Qtr 2021 and the last January..
It is not any consolation. It just means that things are still above the bottom.
There's less book the same day freight which means that there too many cooks in the kitchen.Dino soar, JoeyJunk, Accidental Trucker and 1 other person Thank this. -
No, doubt, Joe, I figure the economic break even point in OTR (counting labor and profit) is between $2.25 and $2.50 a mile. As long as rates are above that, economics says we are still attracting capacity, rather than shedding it.
It's still a LONG way above break even.JoeyJunk, bumper Jack, TallJoe and 1 other person Thank this. -
If it's any consolation, I haven't seen that trend on my end. Mostly stuff has been flat, or creeping higher to cover. I'll keep an eye out.
Freddy57, JoeyJunk, Midwest Trucker and 1 other person Thank this. -
Better rates on the board today. Few loads that were posted cheap the last few days doubled in the rate.
Dino soar, JoeyJunk, Midwest Trucker and 2 others Thank this. -
It seems like whenever we try and book a few days out something always goes wrong. Had a good round setup but my load to get me down to Jersey cancelled last minute the other day.
JoeyJunk, Midwest Trucker and PPLC Thank this. -
Midwest Trucker Thanks this.
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