Truck Load Rates Halt 8 Week Slide 2.0

Anyone on the market for a brand new dry van trailer?
I received this email earlier...
We start seeing a movement....

"
Hi,

if someone needs brand new trailers ASAP.
I have an option for the 2023 Wabash duraplate.
Some of them are with PSI some of them are with skirts
The price is $80000
Let me know I only have a few of them.

Best Regards


Mitch Jankovic

Compass Truck Sales

Address 15W580 N. Frontage Road, Burr Ridge, IL 60527
Phone (630) 560-4476 Mobile (630) 560-4476
Email Mitch@compasstrucksales.com
Website www.compasstrucksales.com

For weekly updates of upcoming equipment just click on any social media icon and like subscribe or follow and you will be first to get info.


"

 

It would be interesting to look back on this a year from now.

 

I signed up on waiting list (about 100) for a brand new Utility dry van about 2 weeks ago. That's in case someone drops off of the pending orders list ( the real waiting list). $62 000 per unit. I'd take it in a heartbeat if I could trade mine for at least $40 000 but somehow I feel that by the time I get a phone call, mine will be worth maybe $20 000, in which case, the decision will have to be reconsidered.

 

You gotta ask yourself, when was the last time someone advertised trailers for sale?
Good catch, @TallJoe .
Let the games begin.........

 

In the meantime, I keep losing my Uber and Convoy bids on the local runs. For example, someone is taking a heavy arse water load from Pleasant Prairie, WI for less than $500 on multiple stops / + 100 miles.

They want you to go to Columbus for $1300 and $2000 was a norm 6 weeks back.
Chicago - Carlisle, PA is posted as low as $1900 - 2100. I was getting $4000 to do that. Damn, you go ahead buy that Wabash for $80 000 and pick that load up.

 

Average $4000 revenue on Chicago - Baltimore-Chicago loop. The backhauls are still holding up at $1500 level.

Doable? Not for everyone:

1450 miles/ fuel $1050/tolls $450

$2500 after fuel and tolls.

x4 = $10 000: so so it were only that....

$200 000 brand new Cascadia + $80 000 Wabash = $6000 loan installments
$ 1500 insurance
$ 300 - 500 IRP, Parking, PMs, 2290, Loadboards...and what not
-------------------------------------------------------------------------------
$7800 - $8000
$10 000 - $7800 = $2200 of a monthly net: still not including the driver's pay at all.

Only sustainable at this level for no debt equipment and moderate insurance premiums.

 

$6000 monthly payment? Probably not many people getting a truck and trailer on a 5 year note without a single penny down. Even at that it’s not $6k a month.

But I agree, it will probably get ugly. That’s when flexibility is nice.

 

$4 000 then?
I thought that 4k was the loan from before 2020 but then those trucks were like 160K and trailers 31K.

 

Freight is getting worse every week

 

Two extra trips a month will give you 7200 a month instead of 2200.