Point of oversaturation in the trucking industry?

With everyone running out and buying trucks, many of them in sad mechanical shape, unbeknownst to the new owners, along with their inexperience, I’m here thinking mid 2019 into 2020 we will see some wild rate fluctuations.

Best bet right now, stay out of debt.

 

Wait what? Are you referring to people buying new trucks?

 

Two winters ago when one out of every three parking spots at any truck stop had flatbeds parked in them for like 4 months, and everybody SCREAMED poor, starving, blah, I still made good money.

You just gotta go where all the wanna be's don't wanna go.

 

Here's Dave's theory on a lot of the folks buying new trucks right now.

I'm sure you have a figure on what % go belly up. I'll say 35.

There's probably a lot of people that think they are going to get a slightly used truck at a good number.

But it's gonna be from someone that probably never changed the oil once or anything else.

 

Used trucks, the guys buying new with no experience out here dealing with brokers, taxes, and all of the other fun stuff are going to be in for a rude awakening. Not all, but enough...

 

Oh, and the EMISSIONS...

 

I’ve heard all the big talk over the years.I remember Freightliner selling new trucks for 0 down $1900 mo for five yrs w/ a $20000 buyout along w/ $1500 cash in your pocket for fuel.Two yrs later I bought one of those barely used repo’s. Freightliner had a huge fenced lot in AZ full of them. They opened a factory in the Carolinas to convert them into day cabs. Yellow bought a bunch of them first time ever to buy used. Freightliner shot the whole Truck Manufacturing industry in the foot.Saw things happen I thought I’d never and hope won’t ever see again. I do agree a lot of people are in for a learning experience.Easy come Easy go.

 

Our company is just now trading off our 2013 t680s.

God help who ever buys one of these things!!!

They are absolutely junk.

The Cummins motors and emissions are so bad, our “die hard Cummins” owner orders Paccar motors this time.

He says they can’t be any worse!!!

We shal see?

 

There’s always freight it’s the rule of Supply and Demand that dictates the rates.How long can you hang on for when things are down? Is it even worth it to you? Do you even have a choice? Maybe you’re Truck is only worth half what you owe walking away will ruin credit and result in Judgement for difference between auction and loan amount.If your willing to work and don’t get too high of a pymt. Shouldn’t have a problem. Aside from a few ups and downs looks like Trucking is gonna be pretty good for a while.I hope so, but always keep a way out just in case.Im older and can’t afford to lose what little I have. When I was young I didn’t have much to lose so I took more chances.