Anyone else seeing a slow down at their company

Probably not going to have the usual holiday rush this year. Recession is happening it will get worse into next year.

 

My first job was hauling garbage to Michigan. After Christmas even the garbage got slow. Went from going to Michigan every day to going to Niagara Falls NY twice a day.

 

FTL Van/Reefer is basically over, we're prob 95% LTL we build off our docks now. Daycabs are getting rotating days off, LCV are waiting 12 hours for B Box's, it's going to get BAD. They're starting to look at office staff, and slip seating has been mentioned for company units. Canada only O/O's that won't go to BC are being let go.

2008, 2015, 2019 now 2022. These economic disasters are really starting to get close together!

 

We had our normal slowdown after the summer but nothing out of the ordinary. Every driver at MB is guaranteed at least 40 hours pay a week whether they work that much or not. Don’t think they’ll lay anyone off.

 

On the US side I've seen last week at least we couldn't find any loads from NJ up into New England. It's a rare thing to deadhead 6 hours twice in one week.

 

Yup it is hitting hard - basically rates are not sustainable to run the business - not sure how smaller companies will survive

 

They won't. Alot of companies will need to shut the doors before rates improve.

Companies will operate at a small loss to break even just to hold onto their customers and the ones that can survive the longest will be around when rates improve.

We will see this in the new year. This holiday season will not give the rush and increase in rates we are use to seeing. After new years it will get really bad.

Tone sours on Q3 trucking calls