Rates are crashing and fuel to the moon!

Might be a good time to become a Truck salesman. Maybe Uber Eats, Pizza Delivery, a couple paper routes, a few lawns to cut.

 

On Youtube and Facebook I'm starting to see the Rush dealers saying they have build slots "open" in August and trucks on the lot ready for a buyer since people are backing out. I mean this what happens when they originally marked up their truck by 15%.

My truck was built last week and there was no mark-up but I was told 3 months ago PACCAR implemented a $5000 price increase across the board, so now that the leverage has swung back to the buyer do I balk at the price increase and play hardball? I know and they know every dealer is going to have 2018 levels of inventory on their lot in 6 months.

 

Lower auction prices means demand is falling. It can also mean that companies are starting to see trucks that have been on order show up and they’re no longer looking to the secondary market to find needed equipment. It wasn’t just single truck owner operators buying equipment during the last two years. Fleets also had to do what they could to get equipment. I’m pretty sure the company I pull for would rather their ordered trailers had shown up on time but here I am dragging one of the new fleet spec Wabash’s that they found that has no stainless, no extra lights, and steel wheels.

In the big picture of things does the true industry wide capacity really change that much? You have company drivers who give up their job to buy a truck. You have guys leased to companies who go get their own authority. About all one can go on is the load to truck ratio but that only represents the spot market and doesn’t really factor the rest of the industry in. You’re always going to have people giving up their lease and getting their own authority just like you’ll always have people giving up their authority to lease on when direct freight is paying better than spot freight.

Carrying that out farther, if guys give up their authority and go lease on to a carrier does it really affect the load to truck ratio that much? After all, the more loads companies can cover themselves, for the most part, the less loads will hit the spot market.

I guess I don’t feel the total number of available trucks and drivers really fluctuates all that much if you step back and think about the overall picture.

 

But when a company driver become an owner he doesnt know what 2 charge for the lane he running. He just wants 2 make what he considers gud money. That ruins it for everyone else

 

With a post put together like this one, I have a hard time believing that you aren’t one of them.

 

Try it and see how fast it sells to someone waiting?

 

It goes beyond the courts. Society at large gives no support for men. An increasing number of men, young and old, are dropping out or back of society. You can say women stepping in taking their place or less competition from those men is a good thing, but this is the first crop of men after third wave feminism. You continue to disincentivize these men, you will turn their apathy into something more sinister. And society will long for the days of the men they could push around when those same men burn the society to the ground. “The Day of the Barbarians” in modern times, if you will.

Yeah, punching down at millennials and Gen Z. That surely won’t backfire as the generations before slip into needing care.

 

I guess that’s the chance you take running the spot market. If you needed tires for your truck and 3 places were all the same price but one place was cheaper would you go to one of the three expensive ones so you don’t ruin the tire market for them?

 

Good point