Are we owner operators really stuck around 2 bucks a mile?

Too many trucks and too many drivers bought 150k 500,000 mile trucks and now will run for any rate to pay the truck note

 

So it begins. Just like 08 all over again. I laugh at all these dumb f*%#s that were stupid enough to buy those p o s for those prices.
Hope they like peanut butter.

 

I don't think were even close to the low.

 

Certainly haven’t hit bottom yet. IMO

 

You got peanut butter??
All i got is this chunky potted meat, no bread.

 

I let my milk spoil so I could eat it with a fork and pretend it was food.

 

I'm not an O/O, yet, but I have done quite a bit of research on average rates, and the rates post-COVID have been way above previous historical averages from what I can tell. Prior to 2020, spot market rates for dry-van look to have averaged between $1.40-$1.90 per mile. When I make the switch at some point to O/O, which certainly won't be until truck prices come down, my plan is to keep expenses low enough that I can still operate within those rates. At a minimum, that means paying cash for a truck, and making sure it's spec'd to get as much fuel economy out of it as possible.

 

To many Squiggly lines.


Outta say something with all these megas selling out or going out of business.

 

Fuel was about 50 percent cheaper then and other operating expenses like parts, tires and labor were at least 25 percent lower too. These details matter when it comes to rates. Too bad most of these idiots out here can't even use a simple calculator anymore.