Truck Load Rates Halt 8 Week Slide 2.0

This place isn't big on Philosophical conversations nor humor.

 

Capitalism in the realm of the free market. Some things are good, some things are bad. You said it yourself. I never denied him the right, or tried to remotely convince him not to sell, I'd sell it too, it was not a question of doing right or wrong, but it does not mean that I have to like to see ii. I also do things that I don't like but I do them because it is necessary. Capitalism is also my running for 1 dol a mile whenever I see it fit, you don't like it, do you? Nobody can't question the rationale of my decision making by doing so, because I am still here, all good.

 

I agree, I went too far expecting slightly a different discussion. Certainly, I did not expect this to be taken as an attack.
OK. I'll let you guys talk about the rates, now. That's something that should not raise too much fuss amongst you as the rates are still quite doable.
Marry Christmas. I hope Santa brings you all the best presents you might think of.

 

The dumb money will always get punished, this is the cycle of business and in life.

Seller: I have a used Volvo for sale
Dumb Money: how much?
Seller: 300k
Dumb money: I think it’s a fair price, here’s 300k
Seller: Don’t you want to see it first.
Dumb money: No.

 

Is it dumb because you think costs will go back down or is it dumb because of the risk of recession? Because I don't believe costs are ever going back down. So looking at it that way how is it any different these people allegedly overpaying now than somebody risking $125,000 on a brand new truck 10 years ago?

I bought a 12'×20' lofted storage barn for $5,000 back in March 2020. Same one today costs $7,500. Is it dumb to buy one of those today if you need a storage barn? That cost is never going back down. Gonna have to get accustomed to that..

 

Joe.... Joe, Joe, Joe..... lol.

What if I “worked super hard” back in the spring and therefore figured out there was going to be a shortage and therefore I made orders?

How do you measure “hard work”? The majority of my days anymore are about studying and thinking about the future strategically.

I think that @Accidental Trucker laid it out quite elegantly. And honestly, if you would have been more apt to pull the trigger a year ago when you knew you should have, would your opinion be different today? I bet it would.

Edit: Should the folks I sold 3 2019 dry vans too back in the spring for 27k go ahead and give me a profit rebate? Should I be mad at them? Let haters hate and be more focused on playing the game.

Edit number 2: What if back a year ago you worked hard to understand that the stock market was down and had a lot of upside potential? Should you donate some profits because you kicked ### in the market? You know... if someone is winning, that generally means another person is equally losing. What happens now? Send them a Christmas card?

 

To add to what you stated, I have a friend that works for a FedEx IC and he said their peak season has been non existent.

The rates for me all have depended on the region. Southeast and NE has been losing stem for couple of months now, nobody wants to admit it. West and midwest still seem strong.

 

It’s kinda logical, really; everybody that he half a brain ordered what early to make sure they would have their stuff for Christmas on time. Which, ironically, created its own scat storm by plugging up the system and sending rates into the stratosphere.

We’ll see the same thing with things like microchips. Everyone and his dog double ordered hoping to get increased allocation and more chips. The moment supply meets demand a LOT of those orders will be cancelled, just like a LOT of orders for new trucks will be cancelled in the next year as rates fall.

In the past, recessions were usually caused by inventories increasing too high, causing manufacturers to slam on orders. That almost went away with JIT inventory management, but the “pandemic” is causing people to hold inventory again, which raises the possibility of an inventory recession again.

 

I agree @Accidental Trucker once the supply meets demand, it’s gonna be a black Friday everyday, and the inventory will just keep on growing and the demand will keep shrinking

 

I still haven’t done hardly any shopping lmao. That’s typical for me though.

What do you think of the “gift card Christmas” theory where the rush comes in the month after Christmas?