Current rates are now below fleet operating costs! It's official!

I actually just looked at his profile yesterday, was wondering the same thing. @God prefers Diesels

 

Still around somewhere. He posted last night around 10pm (my time) anyway. Probably just busy working.

 

@REO6205 can you merge this with the moon rates thread?

 

You need to go back to work or plant some cactus or mow your weeds. If you have enough spare time that you can look for chores for me to do you could put it to better use. Volunteer down at the homeless center, do something useful for a change.

 

That's cute. What does it want to be when it grows up?

 

Indigenous

 

I took a couple months off of the forum, and everything else. Then a buddy of mine in wireline needed an operations manager, and I accepted. There's more to it, but that's the gist.

I was doing fine trucking, even with rates, loads, and diesel sucking, and I do plan to come back as soon as my kids are graduated. But it's hard to say no to $200k W2 with company truck, health insurance, etc.

I never missed wireline, but I miss trucking. I get heart sick seeing flatbeds on the interstate.

 

Flatbed hasn’t hit absolute bottom yet. But, I had to have some warranty issues worked out at Fontaine in Alabama last Friday. When I say they had 10,000 flat and step decks stacked up I may be underestimating. So if things don’t pick up on the manufacturing side in the 2nd and 3rd quarter we are all going to be in for a rough winter.
I’ll add this to. My brother is in Carhaul. It’s in the toilet there to as far as the spot side anyway. Everything being produced is being snapped up by bigger companies.

 

Well, I had one of my regular outbound lanes cut their rate 10% so that 15% margin I previously made is now down to 5%. I've officially changed the goal for the rest of the quarter to be cash flow positive as I don't think I'll be turning a profit.

All the mega carriers and brokers earnings are ugly, LTL layoffs in the pipeline and no relief in sight on these inflationary expenses...heck I even got notice that Blue Beacon was increasing their prices by 7% next month.

These mom and pops going under isn't going to put a dent in the capacity side, we need multiple megas to go under. Unfortunately, with the past 2 years of record profits, these megas balance sheets should be rock solid and be able to weather the downturn for a sustained period of time.

Everyone says the rates are bottoming but we keep on testing new lows each week (at least for me). Nothing good happen out there.