Freight Slump Right Now?

Economy isn't slowing down yet


We have too much capacity right now.

Tariffs are not at fault.


Those who haul in the auto segment will see a slow down, ford and GM are scrambling to get into other markets, selfdriving cars because they over sold in the lease segment and know what will happen soon.

 

I'm not an economist by any means, but I can see a storm brewing to some extent. While the tarriffs are hurting some now, I would like to think that they will benefit in the long run, but as I said, i'm not an economist so its just an opinion. As for freight being low, I think it will work out eventually, but as someone said, it depends on what you are hauling I would think. For instance, just as everything else in life, specialized stuff will always be in demand until the market is saturated. Dry van market is probably pretty saturated with the mega carriers, which may explain why some freight is low to some drivers. This is ALL just an opinion, so plz don't bash me too much, but this is just what I see from my POV.

 

Maybe your dispatcher doesn't like you anymore.

 

Seems ok, just picked up 3 new direct customers.

 

Corn syrup is flying out Cargill's door as fast as they can fill the trucks. No slowdown here.

 

I'm still pre planned at least 2 loads out ..the medical supply stuff I haul to cal that gets exported to China has been slow but so has the same thing I haul to Jersey that gets exported to Belgium .
Heard from dispatch the other day the china stuff is about to ramp up again .
Still no shortage of fresh meat and frozen food to haul .

 

A lot of LTL companies are slowing down too... Estes, XPO, and Old dominion drivers are working 3-4 days a week.

 

That dispatcher has been waiting to do this.

 

In tanker world rates are down, not horrible. Moves are still there.

DAT trendlines shows too much capacity.