Here is why freight is drying up

Heh. Freight's certainly not drying up around here. My company is always looking for more capacity to handle what they've got to cover. Every week I'm asked if I want extra work on Saturday AND Sunday.

 

Absolutely; myself, I've been having a very profitable time. I don't get the post, all of research proves tonnage & rates are up.

 

I bet no one has checked the stock market today?? It's already started

 

It's a correction, to many people invested in a communist society.

Probably some deals to be had. If you bought just after opening bell and sold by noon you'd be up.

Look for more selling tomorrow as the sheep put their sell orders in from Friday. Probably will settle down about 2000 points down and stay there until the end of the year.

A 500 point swing used to mean something when the Dow was less than 8k. I think the old "trading curbs" still kick in at 500. (If there was too much of a panic, the market shut down. Don't know what the curbs are these days, and this morning's drop was aggravated by overseas trading)

These media led "panics" over a 500 point swing? It's like less than 4%!

 

What goes on with the stock market rarely affects Main Street (trucking) until massive layoffs and repos may result and this is not the case AT THIS POINT. Main Street and Wall Street are so disconnected today, it's hard to fathom for the average American. (outside of 401k and other personal investing) but the point is, there is no direct connection (for the most part) between Wall Street/banking performance and Main Street performance.

Economics has changed a lot in the last 10 years. Old rules do not apply, and we're still trying to figure out what the new rules are and how resilient this house of cards is. But I think it's understood it is a HUGE house of cards and the winds are coming.

 

There's an old saying, "what's good for Wall St. is bad for Main St."

Oh company 'x' just hired 200 more people. (More labor costs! SELL!)

But getting back on subject, I find it interesting that so many lobbists are focused on increasing the tonnage of the trucks in the intrest of capacity. Most of my loads aren't anywhere near maximum. (Especially with the Post Office)

It's more dictated by: 1.) when is it needed? and 2.) where is it going?

Much as I'd love to pull out with 39k in the box, the fact is only 22k is going to Cleveland, the other 19k is going to Baltimore.

And at this point everyone wants their loads to be exclusive, Walmart's not going to let you pop a seal on a trailer to toss on another 2 pallets from some paper mill.

 

Yup. Three weeks ago, I moved my entire 401(k) balance out of the S&P 500 index fund and into a stable value fund. We're nearing the end of the 10 year bull market cycle.

 

Bury your cash in a coffee can in the back yard..or put it back into you business ...this market isn't for middle income folks!