Rates are crashing and fuel to the moon!

Discussion in 'Ask An Owner Operator' started by Kenworth6969, Mar 3, 2022.

  1. Oscar the KW

    Oscar the KW Going Tarpless

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    That graph is hardly a cliff, a downturn yes.
     
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  3. Kenworth6969

    Kenworth6969 Road Train Member

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    March 3rd I started this thread.

    I do searches country wide to see volume and posted rated.
    Even looking for power only is a good indicator.
    When carriers can't cover their own loads thru post them on power only side.

    Right when nearing March its like someone flipped a switch, it was that sudden and I saw huge changes happening.
    Even brokers were becoming tight, they know their volume must have been dropping as well.

    People talked smack to me in the beginning but in the 5 weeks that have past since starting this thread its become obvious for everyone now.
    Many replies with data showing a big downturn, other threads with people complaining about rates etc.

    I'm doing okay with flatbed.
    Just don't go out west and do lots of sucky loads like oversize and tarps.. those pay well.
     
    Last edited: Apr 10, 2022
  4. Kenworth6969

    Kenworth6969 Road Train Member

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    Here's more just with a quick search

    Screenshot_20220410-191259_Chrome.jpg

    spot-rates-1200x419.jpg.optimal.jpg Screenshot_20220410-191438_Chrome.jpg Screenshot_20220410-191541_Chrome.jpg
     
    shooter19802003 and 77fib77 Thank this.
  5. Kenworth6969

    Kenworth6969 Road Train Member

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    Short Swift stock lol

    20840679_1504667362946267_5428731125106722700_n.jpg
     
  6. Long FLD

    Long FLD Road Train Member

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    Just makes me happy I don’t live and die by the spot market and that I don’t burn bridges so that doors remain open in case I want to go back where I was before.
     
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  7. Last Call

    Last Call Road Train Member

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    I understand the point you bring up and it's a good point .. which Iam glad you pointed that out because it does come into play as far as this thread is concerned.. we could make it really complex by trying to weight in the economic growth % vs the frieght volume over the last 4 years also witch to be fare that's what should be done
    But I don 't have a dog in this fight
     
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  8. Long FLD

    Long FLD Road Train Member

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    Right. Year over year isn’t a fair direct comparison. Like you said, how much capacity has been added? You always have the load to truck ratio but there again, that’s not a true reflection either because to keep it “fair” both sides would have to grow at the same rate.

    I’m not saying it’s going to get slow or denying that it could get pretty ugly. I just don’t buy into the panic with all these charts and graphs because they don’t really tell you how they got there. Think back to the old days when you’d have to wait for your issue of Heavy Duty Trucking to show up next month so you can read about how bad things are.
     
  9. Last Call

    Last Call Road Train Member

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    This thing is going to get interesting I think
    Interesting enough that I've been shopping for a commercial brand popcorn popper .. I posted this a few weeks ago in this thread...there's 3 or 4 members here that Iam following now .. and when their rose colored glasses get fogged over .. it will be interesting to see what they post then
     
  10. Last Call

    Last Call Road Train Member

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    I do all my load prediction by hanging around the grocery stores and watching what customers are or aren't buying.. that's what determines what I might have to look forward too I guess.. it sounds crude and it probably is
    But it gives me a rough idea of what's to come like you I'am not ready to hit the panic button yet..
    I been home for 6 weeks now by choice.. I needed to do some much needed updates on my truck .. and needed to let the sticker shock wear off of the corn prices at some of the feedlots I pull for
    Another good point you bring up is it would be interesting to know what the % of trucks has increased since 4 years ago too.. I've got a extra wagon sitting here if you get the itch to bump the chute again
     
    Last edited by a moderator: Apr 10, 2022
  11. Old_n_gray

    Old_n_gray Road Train Member

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    I watch by what is going on the north east. If I see Landstar or Mercer or other owners up there I know rates are up.
     
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