Rates are crashing and fuel to the moon!

It's always like this on the down part of a cycle. We're the ######## keeping you guys from making a living until we're not, lol.

Nevermind that it hits us, too. 15% of 200 is inherently less than 15% of 400, after all.

 

Interesting data about how many active authorities are out there
A&I online – Motor Carrier Analysis and Information Resources Online

 

On a side note, does anybody know if identifying as transgender gets you higher paying loads?

 

I have asked that same question.

 

12.8 carriers to 1 broker.

2024 is going to be interesting.

 

What's nuts is if you look at 2020 to 2021, there were 80k new carriers, and 8k new brokers. between 2020 and 2022, you went from 280k carriers to 380k carriers. According to their data, we're down to 364k carriers as of january, and 28k brokerages - meaning a loss of approximately 16k carriers and 3k brokerages. Still too many for the market, but that's reflective of what we're seeing.

 

Real News, Not ######## on Instagram: "US News: The White House is announcing the formation of a “strike force” to combat price gouging in the United States. This task force, a collaboration between the Department of Justice and the Federal Trade Commission (FTC), aims to protect consumers against unfair pricing and anti-competitive practices in critical sectors such as food, prescription drugs, and transportation. Addressing the media, National Economic Council Director Lael Brainard criticized some corporations for not passing on cost reductions to consumers. “Even as prices have come down on important items like a gallon of milk and a dozen eggs, some corporations aren’t passing those savings on to consumers,” Brainard said, pointing out the addition of hidden fees and potentially unlawful pricing strategies by some corporations. Another view: This claim of price gouging comes amid ongoing debates about inflation’s roots, with Republicans attributing the spike in costs to government spending and Biden's economic policies rather than corporate behavior. Assistant Attorney General Jonathan Kanter said the strike force was “an important next step and new chapter in a fight against unfair and anti-competitive pricing.”"



It’s all good though, see above. The experts are going to come in and make sure nobody makes any profit.

 

what’s interesting is, more and more “trucking” consultants are popping up on social media pushing people to open up an MC.

how that will affect 2025 and beyond is what I’m pondering. Because the current 1-3 year guys are slowly closing up, and the new wave is gearing up.

 

What you think about the Jeep layoff announcement today in Toledo? Sounds like more bad news for freight market in the Detroit/Toledo area....

 

I am getting used to news about layoffs in automotive industry, there are probably more coming