Truck Load Rates Halt 8 Week Slide 2.0

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

  1. PPLC

    PPLC Road Train Member

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    That feels like my Friday. One step forward, two steps back. Woof.

    I *think* I have it all handled at this point, though.....
     
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  3. Oscar the KW

    Oscar the KW Going Tarpless

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    Convoy deleted a couple of my bids. I guess it’s back to business as usual.
     
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  4. SteveScott

    SteveScott Road Train Member

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    I'm picking up a Convoy load tomorrow at $3.75 per mile. I've had a lot of loads cancel after I bid over the last couple weeks. Been watching the rates creep down over the last month, so I saw this coming. The rate on a regular load I booked through Convoy over the last 7 months has dropped 50% from 5 weeks ago. I'll be interested to see if it works out the same as in March-April when everything went dead during the height of the outbreak, then the rates shop up after that.
     
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  5. Brettj3876

    Brettj3876 Road Train Member

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    we've stacked away a bunch of dough too. I need to buy a pickup but im putting that off for a while. Prob gonna get an older f250 or a 2500hd

    i rarely do the online bidding so can't comment there but I'm seeing rates holding steady. My 168mi run to jersey that was paying 700 last year at this time is a 1000 now for the last few months. They renewed the 1yr contract and it looks like the rate is gonna stay at 1000.

    There was a few months this summer we stopped doing that run. Figuring that they'd come crawling back to us when ppl were not giving them the same quality we were.......and we were right LOL. The broker talked to shipper and receiver and both of em said they wanted us back.

    We have 1 truck dedicated to that. Days that i don't have a reload going back down the next day i find something coming back. The other truck is servicing another account that we've been doing for the last year. Most times we reload out of the same place bringing empties back. Top notch brokerage, I wish everyone was this professional. During covid they never even hinted at dropping the rate.

    These 2 steady runs are mom and pop on both ends
     
  6. Scooter Jones

    Scooter Jones Road Train Member

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    Some are predicting a continued boom into next year.

    I predicted Trump would win by a landslide, so don't listen to me LOL
     
  7. SteveScott

    SteveScott Road Train Member

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    For a lot of this year the rates were better in the west than in the east. Now it appears to have flipped. Perhaps the eastern weather is propping up the rates, who knows? Just take full advantage of it while you can.
     
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  8. Brettj3876

    Brettj3876 Road Train Member

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    Im talking about finding a pickup from the south that's not rusted anywhere from 80s square bodies up til late 90s early 2000. Want a chevy 2500 or f250. Something with solid front axle not CV. If i found a 7.3 PS for a good price I'll be all over it. Or a 5.9 is what i really want. P pump motors are where its at

    That run i was doing for 7 pre covid a new agent came along and tried to get us to do it for 575. Said he was moving them for that. They would only call us in a pinch and it was still 7 but eventually we just ignored them. Got our original agent back and it's been smooth sailing. Gives us 3-4 days advanced notice.
     
  9. Brettj3876

    Brettj3876 Road Train Member

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    Ok my day to be X1, RIP if it's true

    @Midwest Trucker

    You see this bs yet on the vax

     
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  10. Midwest Trucker

    Midwest Trucker Road Train Member

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    Brett, it’s nice when there is a combination of good broker, trucker, AND good customer. End of the day the customer dictates most of it but if everybody values service and longevity over dollar and cents it helps a lot. Congrats on developing what you have.
     
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  11. Midwest Trucker

    Midwest Trucker Road Train Member

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    Unbelievable... actually it’s not but wow. The whole thing is such a freaking joke. Fear and panic makes people so freaking dumb and controllable. Thank God a good portion of us aren’t sheep. We have to stick together!
     
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