Truck Load Rates Halt 8 Week Slide 2.0

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

  1. Scooter Jones

    Scooter Jones Road Train Member

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    2020 for most owner ops has been a good year. Like @Oscar the KW mentioned on another thread, "it's like fishing with dynamite."

    I'm bearish on freight rates going into and through 2021. I'm optimistic on the industry in toto, however, not on what we've seen happen in the spot market these past several months.

    In my opinion, anyone who jumped into this gig recently based on that, and indebted/leveraged themselves, are in for a rude awakening me thinks.

    What's new? Nothing. It's rinse and repeat...

    I'm glad I decided to put a hold on buying new equipment at this point and wait it out. Not having the pressure of having to get out and run to meet ends meet (even modestly) is pretty nice too be honest.
     
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  3. TallJoe

    TallJoe Road Train Member

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    I agree about the year being good financially, if nothing else.
    I did not take the maze metaphorically though.
    I thought that it looked like fun.
     
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  4. Scooter Jones

    Scooter Jones Road Train Member

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    It would be fun ;-)

    I decided to springboard off that though.
     
    Last edited: Dec 17, 2020
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  5. p608

    p608 Road Train Member

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    Well I got the driveway and sidewalks cleared, funny when I bought this house I liked that 300 foot driveway, not so much anymore, did the neighbors and now got my feet up and a glass of bourbon.
     
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  6. Ruthless

    Ruthless Road Train Member

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    Bull market for snowplows today
     
  7. Scooter Jones

    Scooter Jones Road Train Member

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    I had to pull this one out of the Covid-19 related vault LOL

    Screenshot_20200414-175642~2.png
     
  8. p608

    p608 Road Train Member

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    I got a snowblower with a heated cab, keeps snowing like this I'm gonna put in satellite radio.
     
  9. Loadassisen

    Loadassisen Bobtail Member

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    It's good day to own tow truck here in ny on i90 all the guys that parked along side of service plaza have to be pulled out by tow truck they got burried by plow trucks ,driving today from RI to Buffalo Ny must seën 20 plus trucks getting pulled out by tow trucks It's crazy
     
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  10. Scooter Jones

    Scooter Jones Road Train Member

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    Well, my lane(s) went from some good surfing to dregs in a matter of 2 days LOL. The warehouses must be stocked full on the west coast and ready for Christmas. Perhaps a lot of the truckers that don't like running in the bad weather, re-positioned themselves, who knows for sure.

    I could see it it coming last week...

    Which underscores how happy I am that I paid forward for 2021 and saved a lot of the dough I've met these past several mos. going into winter.

    Time for some hot chocolate & marshmallows by the fireplace! ;-)
     
  11. Scooter Jones

    Scooter Jones Road Train Member

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