Coronavirus triggered massive truck shortage east coast

Lol. You need help main man. Probably don't even know how to use the search criteria correctly on the boards to get the ballpark of freight available. Are you one of those with the ATA, mega carriers, shippers and brokers screaming truck shortage as well? Do we not have competition in this industry where rates get slashed everyday? Is the coronavirus fake news too? Brokers are calling you alot on freight too in these times? Cheap rates got your mind all warped. Don't give us that b.s. about brokers dictating us on pay and not being able to tell walmart what to pay at the counter. Both different worlds and the market dictates how you get paid. Don't like it, find your own customers or get out of the industry. Who's forcing ya to stay in this industry? You aren't an employee getting paid on a salaried wage. That's how the system works baby, supply and demand. You think load board carriers are that essential?

 

You're the one throwing tantrums based on what I said and you caught feelings because it's facts. So the amount of trucks and freight on the boards are way overskewed than usual and the media and trucking industry are hyping this up with some b.s statistics. Lol. Get off the crackpipe chief. You want to make a change in the industry, join that dumb protest facebook members are lining up right now with Ricky Santiago. He'll be waiting for your donations too, so he can speak up for the babies crying about how brokers are raping the industry like if shippers aren't in on this as well

 

Hey smart guy. if there was other freight to choose from, no one would be waiting in a line that you cant see the end of. Theyd get on the phone and book something else. Open your own eyes.

 

A trucking company with payments on everything is a business built on paper too. And many of them should bare half the blame.

A non asset 3PL can try all it wants to push rates down but it cannot succeed at all without a partner who sends back the carrier packet and signs the rate con to run the load at a loss. Sound investors do not show up to work for a loss in any business. Unsound ones do that.

So who is hauling at a loss? Those who have no choice. Logistics speculators. Carriers who came in without the necessary funds and SPECULATE that they can borrow the funds, generate enough revenue to repay all the creditors on time with interest, keep the equipment running and pay themselves.

I will mention some big money mega carriers will run at a loss for a period of time in efforts to starve their largest competitors by denying them any freight, but these are numerically few companies who get direct shippers. we had what, 250,000 new MC #s in 2018? Those new entrants are mostly one truck wonders without any capital that live and die by broker offers and dont have a clue what theyre doing for a while.

Because it is a generate revenue to make minimum payments or lose everything gamble, the little speculator has no option but to accept operating at a loss during downturns, until he fails or the tide changes.

The 3PL has EVERY INCENTIVE to keep rates low until they have bankrupted every speculative carrier and have no more of them to use up. Only then will their freight fail to move because sound carriers will reject their offers. Thus the offers must be increased to move the load. the lane rates recover, the sound carriers fire their trucks back up and go back to profitable business.

An INVESTOR is someone who comes into a game with the available cash out of pocket, in order to preserve and grow their existing wealth. If the rates are down, a company that has finances in order can simply refuse to run at a loss and park until the tide changes. The ICC kept most speculators out.

The only thing that will get them out now is bankruptcy. So let the 3PLs grind them to death. A cheap 3PL will have absolutely no leverage against a playing field of entirely sound carriers with no need to run cheap. But that cant happen if the speculators dont get run out first. One load only needs one truck. If theres always one cheap truck rates stay down. All the crying in the world wont get rid of the speculators. Just cheap rates and high fuel. And itll do it very fast and efficient. Markets do that without discrimination.

Bring today's govt in to fix it and they will ensure the worst carriers stay in the game forever. Forgivable Govt loans for losers, "equal opportunity" programs, stress tests and hoops and red tape and all that for everyone else.