Owner operator's outlook

If we could predict the future, I think we all would be rich and retired by now .

 

Or at least buy a lottery ticket.

 

Just concentrate on sailing my own ship and not worry about everyone else...

 

Markets reaching record highs....what could possibly go wrong?

 

Yeah that's what I thought when I overpaid by far for where I live as prices were going up every day (2006). I was one of the last dummies. It all came to a screeching halt about a month after I bought it. Then the collapse.

That's what could go wrong......

 

My sister got lucky. She bought a house in California for $250,000 and then sold it just months before the collapse for $750,000.

 

We will see an increase in marginal owners who can't afford to run their business as a business, then we will see an increase in crap drivers to fill the gaps for those who either left because of their disillusionment or moved to be owner operators and now are marginal owners.

Rates will hold steady because of the saturation in the markets with too many trucks and owners who will take anything they can get to keep afloat.

Oh yeah, this same story has been happening for the past 14 years that I know of so it should continue for the next 10.

 

I predict what ever happens truckers will still gripe!

 

Electronic log, that's already law. You have till end of this year to comply. DEF truck is only need when you can't fix your old truck. I thought they are also going to stop the sales of glider kit trucks as loop hole of getting around emissions or limit the numbers of sales so low that guys like Fitzgerald can't sell enough to stay in business.