Finally got my own truck
Discussion in 'Ask An Owner Operator' started by BoyWander, Jan 1, 2017.
Page 200 of 226
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
PE_T, mp4694330, Oxbow and 1 other person Thank this.
-
-
Your thesis is that over saturation of equipment is causing low freight prices, but high used equipment prices?
-
Other sectors of economy are not complaining as much, unemployment being under 5% and all. Definitely over saturation here.Last edited: Mar 19, 2019
mp4694330 and Midwest Trucker Thank this. -
The boastful end of 2017 and 2018 created a huge promise of reward. Easy access to the spot market and proliferation of app based brokerages indeed made things much easier for "poor English" immigrants who don't have to overcome the language barrier with brokers any more. Also for many complacent regular people, who don't want the over the phone salesman talk to get loads. "Click and book" is where all this is going. How could this not attract newcomers, who only see current - accessible for their credit worthiness - equipment prices, diesel at 2.75 and don't consider have not clue (as in ignorance is bliss) of any other long term costs?
Specializing is the only way out. Doing dry van on the spot market is a rat race forever.Last edited: Mar 19, 2019
mp4694330, SL3406, Midwest Trucker and 1 other person Thank this. -
The situation reminds me 2016. Things got better only in May. If May comes and market does not improve much, all that equipment will go for saleScooter Jones, mp4694330, SL3406 and 1 other person Thank this. -
My local KW dealer had an empty lot from mid 2017 through 2018. People bought up all used and new trucks they could get their hands on. Yes, which creates over saturated market leading to low rates as has been said.
However, I’m starting to see the lot fill up very quickly as people have quit buying and are also going broke. I don’t anticipate things getting much better in May. More so the rates won’t keep going lower but will stabilize where they are at.
Paying a driver 1500 to 2000 a week won’t work anymore. Keep paying that much and both owner and driver will be out of a job. It’s gotta work for everyone.
Only the strong and well prepared will survive.Scooter Jones and SL3406 Thank this. -
My neighbor is 95 cpm plus 14-25 cpm fuel surcharge LP owner feeding 2 kids and wife many years. Yet he is super happy always upgrading to new rig and bragging about it.
I think some people couldn't afford a truck so sticking with what they can get. So no judgement there. -
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 200 of 226