Truck Load Rates Halt 8 Week Slide 2.0

Thats an excellent break down. Thank you for posting.

 

This is how I remember it:

2014 ok.
2015 ok.
2016 poor
2017 poor (except 4th QTR)
2018 good

2019 ok but sliding towards poor. Remember it was when the 1st version of this thread started and the ship has sailed out.

2020 poor in the first 2 quarters then 3rd QTR good and 4th excellent. The ship arrived back.
2021 excellent
2022 1st QTR excellent with March rates sliding substantially.

 

Here's the way I remember. Got my start on spot freight in September 2011. From worst to best: poor, ok, good, very good, great

2011 - good (for what little I saw)
2012 - great
2013 - great
2014 - very good
2015 - poor
2016 - ok
2017 - good
2018 - ok
2019 - poor
2020 - good
2021 - great
2022 - good (so far)

 

Edited to add trailer type I pulled: V, R, PO & Hopper

Here's the way I remember. Got my start on spot freight in September 2011. From worst to best: poor, ok, good, very good, great

2011 - good (for what little I saw) - V, hopper
2012 - great - V, PO
2013 - great - V, PO
2014 - very good - V, PO
2015 - poor - V, PO
2016 - ok - V, R, PO
2017 - good - V, R
2018 - ok - V, R
2019 - poor - R
2020 - good - R
2021 - great - R
2022 - good (so far) - R

 

I sat down and got everything done for the first quarter today.

$78241 on 32222 miles for $2.43 to my truck.

Fuel / Def $20294.46
Payment $4994.28
Insurance $1955.20
Maintenance $562.08
Washes $676.51
Tolls $124.80
Wages $9600

Leaving me at $1.24 all miles at the end of the day.

 

not sure there’s much insight in the article. Yeah, trucks numbers are up, costs are up.

what’s not there is labor, and labor is both the largest expense, and very much in flux with the “great resignation”.

I am convinced trucking is changing, and changing fast, on how drivers go about their job. I don’t think truck utilization will remain at the same level as before. The number drivers willing to work in a “one day off for 10 days out” environment is shrinking, very fast. The result almost has to be that drivers will be home more, and trucks run less miles per unit.

Rates will drop, without doubt, but you’ll have to make a much better case than that article for a bloodbath.

 

"Blood bath" is perhaps an overstatement and hard to prove "mathematically" but I can feel it by means of premonition. if I have money and all the credit I want and still can't order a tool to perform buisness at any time I want, there is either something deficient in the free market model or the run for the equipment got abnormally huge and some hiccups will present themselves later.

 

BTW When would someone have ever seen a "bloodbath" anyway?
I started as a driver in 2002 and remember my wages cut in 2008/2009. So it must have been the worst ever in the last 20 years...Was that it?
If so, it bounced back relatively quick.

 

“
If there is an employee driver to consider, an over-the-road driver in 2022 can expect to make around $0.60/mile. In 2019, the same driver would have made around $0.47/mile.

With an employee driver, plus a truck purchased in 2022, a new fleet entering the market would have operating cash requirements that are $0.72 per mile more than the same fleet in 2019. Therefore, if a fleet is paying out an additional $0.72 per mile in operating cash compared to pre-pandemic, it will have an incredibly difficult time surviving in a dropping spot rate environment. ” /end quote

As far as the 1 day off for 10 days out, I’ve never saw that in my trucking ownership career anyway. There is no way it drops below 1.5 to 2 days off for 5 days out or 3 to 4 days off for 2 weeks out. Pay will just increase further or more immigrants brought in.

 

Do you mind me asking how much your carrier takes? I honestly expected your rate per mile to be higher. Lastly, do you pay yourself 30 cents per mile on purpose? Seems low but thought maybe your an s Corp and make it up thru distributions?

Looks like you’re been putting some miles on the new girl.

I just remember in 09 running an ad in my local paper for a driver and got at least 25 calls. It was insane. Nowadays I can spends thousands across many platforms for about triple the money and receive very few. That must have been a blood bath. I was intrastate the first few years so can’t answer your question broadly though.