Truck Load Rates Halt 8 Week Slide 2.0

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

  1. SteveScott

    SteveScott Road Train Member

    Joined:
    Nov 10, 2015
    Messages:
    4,897
    Thanks Received:
    16,807
    0
    062 Thanks this.
  2. 062

    062 Road Train Member

    Joined:
    Oct 20, 2013
    Messages:
    6,233
    Thanks Received:
    33,560
    0
    Certainly some weird times. I just received a cold call from a realtor wanting to buy my house.
     
    Ruthless, dwells40 and SteveScott Thank this.
  3. Midwest Trucker

    Midwest Trucker Road Train Member

    Joined:
    Aug 31, 2018
    Messages:
    5,911
    Thanks Received:
    21,379
    0
    Someone was telling me the other day that Zillow called and bought their house. No idea they had gotten into real estate investing.
     
    062 Thanks this.
  4. Midwest Trucker

    Midwest Trucker Road Train Member

    Joined:
    Aug 31, 2018
    Messages:
    5,911
    Thanks Received:
    21,379
    0
    See, this right here is the ONLY thing that makes me worry about freight slowing down. When you have unprecedented orders for cars, big trucks, etc and to see KW and GM laying off and shutting down is very concerning. If/when it starts happening across other sectors then this economy could plunge into recession.
     
  5. DUNE-T

    DUNE-T Road Train Member

    Joined:
    May 10, 2015
    Messages:
    6,978
    Thanks Received:
    16,934
    Location:
    Detroit, MI
    0
  6. SteveScott

    SteveScott Road Train Member

    Joined:
    Nov 10, 2015
    Messages:
    4,897
    Thanks Received:
    16,807
    0
    Had the same call a few days ago myself. We still have a landline and almost nobody calls on it except scammers, so I decided to answer it and he knew my name/address and asked if I wanted to sell my house. I said no, but it kind of made me scratch my head. Still a lot of speculators out there buying up everything in sight.
     
  7. Lostkeys

    Lostkeys Heavy Load Member

    Joined:
    Jan 8, 2011
    Messages:
    903
    Thanks Received:
    6,243
    Location:
    Archbold,OH
    0
    The article I read said the shutdown is for two weeks and that the plants with high end vehicles will remain open. I wonder how much of an impact this will have? How many vehicles have they been producing anyways? Most of the plants I go to now don't seem to be doing much. A couple months back I delivered to Ford and was told they were putting the chips in the higher end vehicles first.
     
    dwells40 Thanks this.
  8. Ruthless

    Ruthless Road Train Member

    Joined:
    Aug 28, 2010
    Messages:
    9,007
    Thanks Received:
    89,023
    Location:
    The City.
    0



    I got one of those a few weeks back: apparently if i “sell right now, during the HOTTEST the housing market has ever been!” I’ll likely still lose $30k on the purchase price from when I bought it in 2007

    Man if I didn’t have bad luck, I tell you what.
     
    lynchy, mp4694330, DUNE-T and 4 others Thank this.
  9. Gsm

    Gsm Light Load Member

    Joined:
    Jul 14, 2018
    Messages:
    108
    Thanks Received:
    198
    0
    Me also bro. Born to lose. I bought mine January 06. It is what it is.
     
    Ruthless Thanks this.
  10. DUNE-T

    DUNE-T Road Train Member

    Joined:
    May 10, 2015
    Messages:
    6,978
    Thanks Received:
    16,934
    Location:
    Detroit, MI
    0
    Looks like DAT app is down for maintenance again. Funny that power.dat.com always works, but many people don't know about it and just patiently wait for hours for the app to start working again
     
    KB3MMX, PPLC, 86scotty and 1 other person Thank this.