Rates are crashing and fuel to the moon!

Tens of thousands of step decks passed me over the weekend heading east.

Many hauling containers.

 

More like $3.

 

I booked a load for tomorrow. 199 miles for $1150. And this was from that awful CH Robinson. Leave the house and return in same day. Its a BLOODBATH.

 

Reefer outfit here with 2 trucks. One truck is booked with a roundtrip from home and back. 1,331 miles and an all in rate of $3.00. Leave Wednesday and back Friday. I'm located in a good outbound market so hopefully I can snag something good for the weekend.

Second truck is heading down to the Mexican border at $3.08 per mile on 908 miles and unloading on Wednesday. Who knows what will come after that but I sure didn't like what I saw today. I guess there's no "Inspection Blitz" premium this year as in the past years.

Volumes still seem to be holding steady but rates have not improved at all. The brokers/shippers are doing everything they can do to hold down rates. Just look at Nogales, over 400 loads today with not many paying over $3.00 per mile.

It's definitely a grind. I can only imagine those who entered the O/O world in the past 6 months can't hold on much longer.

 

I know I pay a hundred more than most in Chicagoland. The parking fee for many is $300. I pay $400. It's close to my house.
A cheaper spot was very close to my house. But when I was with Progressive my first year, they would raise my premium by $2,000 because of the zip code. Great West doesn't care where I park.

 

I don’t think they’d enjoy the hours of securement in the heat or cold or rain very long.

 

And when most of them bite the dust, rates will slowly go back up.

 

Not only will we enjoy it, we shall embrace it.