I am from michigan & freight has been slow around here for about 2 weeks... We haul mostly over dimensional but do have standard open deck equipment as well.. Let me know what you folks are seeing...
Freight slow?
Discussion in 'Flatbed Trucking Forum' started by Towshow1976, Apr 28, 2013.
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Yeah I would agree. It has been pretty slow for this time of year. We run steps and double drops from MD, PA, DE to ON, QC.
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Rates look to me like they tanked.. Supply and demand I guess... I have also noticed there is a lot of specialized equipment for sale much cheaper then last years prices.
MJ1657 Thanks this. -
Catepillar earnings were down in the first quarter as well.
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Things have been slower for me as well. Still making it though. But a lot more fight than normal. In addition to what others have said I also keep track of the unemployment numbers which when adding the number of people on unemployment and those who have fallen off but still jobless plus those who picked up a part time job that takes them off and a few other factors the real world unemployment numbers have climbed higher than the past 10 years at a steady rate in the last 2 years. which means people cant buy goods....
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On pay day last friday, i was talking to my boss and his wife about Politics. We are dumped with Containers left and right and making good money so he says the economy is improving everywhere, i told him no, Containers are loads coming overseas, i follow the business news like carrkol says and i read that the economy is going down, like Caterpillar profits falling, etc.. so the conversation came because fuel prices are falling, i to him that the news said, fuel is down because drivers are driving less compare to this time last year. So yes, people have less spending money, that means buying stuff and that means less freight for truckers. And folks, for those who know, those high tax increases have not yet hit, so imagine? less spending money by the public, means less freight in the future!
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Paccar ' parent company of Peterbilt and Kenworth ' announced a decline in sales leading to a 28 percent drop in earnings. CCJ sister site Successful Dealer has the full report, but Paccar's first quarter earnings were down $91.2 million from the same quarter in 2012. Net sales for Paccar fell from $4.78 billion (2012 first quarter) to $3.92 billion in the first quarter of this year. See more in the Successful Dealer report.
Daimler AG, parent company of Freightliner and Western Star brands, said its truck sales dipped 3 percent in North America, while global sales dropped 6 percent. Freightliner CEO Dieter Zetsche said the numbers were below the company's expectations. Moreover, Daimler's truck division saw a 69 percent decline in earnings, dropping to $151 million for the quarter from 2012′s first quarter's $489 million. Click here to see Successful Dealer's report on Daimler's earnings.
Volvo, which owns Mack, too, reported revenue of $8.9 billion in the quarter, a decrease of 25 percent from last year's first quarter. North American Truck Sales, however, were down 32 percent, while global sales were down 23 percent. For more on Volvo and Mack earnings, see Successful Dealer's report. -
Come on drivers, you will be running your Donkey off in a week or so. It happens every year or so.
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I did that last week, 63.5 hours from Tuesday morning to Saturday night, I'm still wore out.
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Freight for me hasn't been slow, and its gotten busier.
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