STOP RUNNING CHEAP FREIGHT!!

Tilting the topic but.. I see you are from Berea. What is the word on the 2 car thieves shot in the Walmart parking lot recently. I know the cop whom they backed into trying to run and and he is OK. Good shooting under stress...

 

Hopefully a quality double tap, no medical aid, or jail, prison time for the car thieves. They felt the car was worth their lives, and the lives of anyone on the streets, parking lot. Children included.

 

The entire Industry is in a difficult time. A.I. said:
Overview

In 2020, an FTL (Full Truckload) freight load pay from North Las Vegas to McDonough, GA would have likely been in the range of $1.50 to $3.00 per mile, according to FreightRun.com ..its under the threshold. I'm wondering how low its going to get?

 

Interesting thread.

The one thing I didn't see mentioned which everyone bidding spot has a hand in is psychology.

Too many carriers don't put constant pressure on rates, they get conditioned to scarcity and prebook to avoid losing a day of musical chairs, they get pulled into friendzone relationships that are meant to keep loads from hitting the board, etc

When the market flips there's always a big chunk late to the party not knowing it started 6 months before.

Pressure check every spot transaction with valid rebuttals (like multistop, fcfs, high toll areas) and gauge the response.

99% of every load on the spot market is there for price. Not relationship building.

The general trend of rates are made in the first and last hour of every day.

 

Did anyone see the video on Mutha Trucker with Cheema CEO. He said the biggest issue now is all those new entrants that paid 6 figures for 1/2-million-mile trucks aren't making payments, and that's how they keep going. The banks won't Repo all these trucks because they're to upside down. Even the banks are "Waiting" for an upturn, hoping these O/O's can start paying again.

 

So I should have waited before buying a new to me truck, trailer 2 months ago? I maybe could have bought newer for similar $$$? But it would have DEF…. NOPE DEAL BREAKER.

 

It's easy to operate under these low rate conditions when you have no overhead. Most of these guys have zero plans to pay off their loans, pay taxes or any other debts at all. They run it as long as they can before it all catches up to them. When the IRS comes after them or they're unable to get anymore credit they go back to their country. Some bring in family to use their new status and credit to start the process all over again. Coming here from a another country is like hitting the lottery.