Rates are crashing and fuel to the moon!

In my simpleton view. Heavy haul is moving construction equipment. Home starts are down, prices in housing market are going down. We have two consecutive quarters of reduction in GDP, so capital investment is being pulled back. Another thought the big road builders that get the government road/bridge money. They have their own heavy haul equipment.

 

It ain't just the drivers cutting each others throats. These SOB are getting worse too... Seeing more of this everyday. 20 brokers listing the same load. Ridiculous!!!

 

Shippers' revenge is coming for truckload carriers - FreightWaves
This is most obvious in truckload spot rates, which have collapsed since the start of the year. The National Truckload Index, available on SONAR, which tracks U.S. truckload spot rates on a daily basis, is reporting that the current spot rate for a truckload is down from $3.57/mile at the start of the year to $2.67/mile – a 25% reduction. Remove the price of diesel from the rate and the drop is even more dramatic, dropping from $2.99/mile to $1.89/mile – or a 37% reduction.

 

Big money going to Winchester, VA these always are multi stop. Probably Cleveland then Pittsburgh finals out in Virginia. After tolls and fuel maybe enough money left for a couple roller dogs.

 

It really has nothing to do with jumping from power to flat to dry.
Freight market is disgusting. Every sector is unacceptable

 

You should see reefer rates
1.40/mile from south to Midwest. 44k

 

Maybe one. Lol.

 

I don't mind that a bit. If they want to make money on the load, they'll post the most attractive rate. I just pick the highest one and go load it.

 

Everyone complains about the current rates, are probably the same people who were bragging to anyone who would listen how they were sticking out it to the brokers/shippers when we had record rates. What comes around goes around.

 

Not so fast, the shippers gonna go with the lowest bid from the brokers. All this does is help race things to the bottom.