Seems like 'The Hunger Games' for Owner Operators

That's not fair though because then only a few have authority and don't have any competition.

 

My guess is we will see a brief likely artifical rally going into election season like we usually do. Then rates are going to slump hard going into the new year as whoever ends up in charge gets settled in and the artifical injection wears off or is pulled away to make the new guy look bad.

We will likely see a big dip going into the summer where things are going to likely bottom out as people cant afford/do without many luxurys and travel when the bit post election crash hits. Maybe it will go even further down but id guess summer after elections unless we get more "stimulus" checks to artifically float people a few months and let them buy useless junk giving a false view of strong economy. I mean your already seeing a ripple effect from student loans where morons ran out and spent all that money taking new debt and the old debt rears its head without enough resources...

 

Yeah I've been watching used truck prices on and off since the beginning of the year. Haven't paid much thought to new ones because I highly doubt it's going to be anything that pricey IF I buy. But yeah the used market seems to be dropping pretty quick as guys go out of business.

Isn't their another round of emissions requirements coming up in '27 or something? That may alter my thoughts as well

 

I am amazed/impressed with the accuracy of your above forecast -- especially with the "moron" part (pretty much "dead on").....



-- L

 

The current freight market is a competition to see who's willing take a bigger loss on loads and go bankrupt faster.

It's say yes to cheap freight!
Yes to taking a loss!
Yes to going bankrupt just for the ecstasy of hauling load for a loss!

 

While I can't afford my PM this week,
And i can't afford to patch my leaking tire,
I can still afford to have my wheels polished, so we keep runnin

 

What kind of rates are they getting coming out of Canada that pretty much everyone calling him was shooting for $2 a mile going back?

 

Have to keep hauling the $1.20 per mile loads non stop so repo man doesn't catch up and find me!

However I got chicken lights on the Crapcadia so when the Repo man tows me away it'll be in style

 

Lol well its just a guess and ill either be wrong which would be a nice suprise and one of those rare instances of "glad be proven a fool" or this cycle will follow the same pattern last several im old enough to remimber have and ill be born out. Course there is option 3 where i am actully being extremely optimistic....but we dont talk about option 3. Or option 4 where only my radioactive dust is left to say "i told you so"

As towards the debt thing. /shrug if you owe someone money and they put a pause on you needing to pay them back and the person you owe is a political suit. Well you still OWE that money and unless and until you have a paid recipt in your hand uncle sam will come to collect with legally sanctioned knee breakers. So if you pretend its paid off and take on extra debt above and beyond that previous paused debt without plans to resume paying for said debt.....well the conclusion is that person is a moron lol.

Never take on more debt then you know you can pay even if you lose your job. Economics 101