SSSLLLOOOWWWW????? Steel

Durable goods orders down 3 out of 4 months.

http://www.wsj.com/articles/u-s-durable-goods-orders-fall-1-4-1427286732

 

The sky is falling.....

 

I have never seen rates for open deck as bad as it's been over the last three months! And it's been bad in all areas. It's not that there's not enough freight, it's not because the brokers are holding out and gouging truckers that has this slump going on longer than usual. It's because the majority of truckers have cut their own throat and the throats of their fellow truckers along with them and let this happen. Hopefully if enough of the cheap haulers can go bankrupt in one go from hauling good paying freight for cheap then the rest of us can get back on the road for the rates we can make a profit at, not just a wage but we can only dream.
It will never get better until truckers learn how to run a profitable business before they learn how to drive a truck.

Rant over. 😔