Rates are crashing and fuel to the moon!

I'm thinking that Florida will have a bunch of trucks down there with hurricane relief. On the bright side my mom texted me she got power back at 4:15 am central. I was going to drive down there and help her. She is in Collier county near Naples.

 

Or that loser rapper (Old Dirty ####### of Wutang Clan) with a mouth full of gold who took MTV cameras with him to proudly collect his welfare check.

 

That’s what I figured. Maybe because nothings been going in, there’s a few loads available, I’m sure it won’t last. Loads are mostly within 100 miles of Miami. Less loads further north. Everything’s backwards, for now anyway.

 

Corporate Welfare

 

He was just trying to be like the leader of that town that straddles AZ and UT who was known for "bleeding the beast".

 

Our friends at freight waves just giving us more of the good news....

KeyBanc warns investors of a ‘trucking winter’ amid anemic economic conditions

 

Most O/O's and small companies could have written that article 3 months ago. The mega's haven't felt the pain yet but they will shortly. There's still too much capacity and it's not matter of if, but when some megas go under.

Why would a shipper be willing to commit on overpaying for contracted rates when they could easily move their lanes in the spot market in 2023? I get that they offer guaranteed capacity, familiarity, and service levels but 2023 will be the year of cost cutting and survival. I understand why they did it in 2022 but there's zero data points saying there will be any capacity issues in 2023. I could easily see shippers say here's the rate, take it or don't because I have 10 other carriers willing to do it at this rate.

 

Because it's a contract.
Simple stuff, really.

 

Not talking about 2022, talking about 2023.

 

The ones that need extra trailers will do contracts regardless. But agree I think more will go spot market if they do not get a good rate from big guys.