Truck Load Rates Halt 8 Week Slide 2.0

Discussion in 'Freight Broker Forum' started by Scooter Jones, Mar 7, 2020.

  1. MACK E-6

    MACK E-6 Moderator Staff Member

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    Maybe not, but that sure didn’t stop our governor from an executive order to close bars and restaurants.
     
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  3. Midwest Trucker

    Midwest Trucker Road Train Member

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    My gut says by this time next week the rates will be tanking. Hope I’m wrong as well. Everybody better get every last penny they can while they can.
     
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  4. JonJon78

    JonJon78 Road Train Member

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    JP Morgan Chase is predicting this to be worse than 2008.

    Time to buckle up!!!
     
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  5. Scooter Jones

    Scooter Jones Road Train Member

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    Received this afternoon from Oregon. Dang, that's what I get for paying promptly.

    Screenshot_20200319-144313.png
     
    Last edited: Mar 19, 2020
    Reason for edit: Added State
  6. 062

    062 Road Train Member

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    That for Oregon?
     
  7. Scooter Jones

    Scooter Jones Road Train Member

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    Yes
     
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  8. Scooter Jones

    Scooter Jones Road Train Member

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    Well, I noticed that young fellow on the Schneider leasing thread threw in the towel today.

    I'm still amazed that someone would sign a $3,700 a month truck payment obligation when the average revenue to the truck is $1.30 to $1.45 per mile.

    One didn't need to be a JP Morgan Chase financial guru to predict the outcome of that deal. I hope the kid lands on feet and is able to recover from the trauma.
     
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  9. Midwest Trucker

    Midwest Trucker Road Train Member

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    0EB08382-0F1B-4ADD-92D6-B53252C9B3D8.jpeg PA is all but closed now...
     
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  10. Oscar the KW

    Oscar the KW Going Tarpless

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    I just got an email about that. First of many I’m afraid.
     
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  11. Scooter Jones

    Scooter Jones Road Train Member

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    I checked in at a grocery shipper today. The line in was a little long, but that's okay in light of all that's happening right now.

    The lady told me how much they appreciate all the truckers are doing during this crisis.

    She handed me these 2 boxes as a "thank you" gift ;-)

    I'm glad to know that I'm helping to alleviate the suffering Americans are going through now by delivering "emergency essential supplies" for the restocking of grocery shelves.

    0319201531.jpg
     
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