So everyone wants to know "what's going on?"

The very best thing for anyone who has trucks, trailers and fuel money etc is to tell their good shippers that the rates will not go up for a while in memory of their good providing of freight. If you are steady eddie to borrow a canadian term to your freight people then they will remember you first.

 

One can comply with that law by just showing Uber freight and convoy?

 

Uber is dangerous.

Im am writing in GENERAL. not FLAMING ANYTHING.

Uber builds market share, waving nice money attracting yourself and all others willing to give a go at the gambling table with your fleet.

OOO Uber so nice, love you long time look at rich you... my my my.

Sooner or later in the time of seasons changing Uber will begin to eliminate CH Robinsons and all other Brokers where possible. Maybe get bought by Amazon who is doing the same exact thing. Such a Teuful marriage would certainly create a situation where if you wish to find spot freight it's them or nothing.

 

Not true.

The hydrogen versions from Nikola 1 are promising.

 

So what does everyone think with fairly large companies like Millis selling out during this time? Was it merely coincidental or do you think they foreseen something bad ahead in the industry? What say ye ?

 

I Just think it’s owners wanting to cash out.

If they have positive revenue then that’s why they got money for their operation.

Heartland just basically purchased customers and the capacity to make it work.

 

Just had a broker tell me today "that's all I have In It". To which I replied "Its not my fault you quoted it low or they are screwing you too". He had nothing to say and I hung up. There was a over supply of trucks, brokers and shipper were butt hurt from 2018. There are ups and downs. The loads have dipped but not slow. But rates are low. But loads keep moving. The problem is truckers that haul to cheap.

 

In 2010, it seems that the same type of thing was happening as is happening now. Increased capacity, decreasing rates, everyone grabbing at straws to stay afloat.

Call me the bad guy but recessions are healthy for an industry. It flushes out those with weak or ineffective business plans, those that work for break even money, those that are just hoping to get by. It sucks but those that aren't in the right place or market or lanes or whatever (i.e. - those that aren't profitable in lean times) need to go under to allow the market to respond to effective and consistent providers of a service. In other words, those that have done it right will survive and prosper after a downturn. The downturn should almost be a positive as it flushes out those that are driving rates lower and lower in the hopes of surviving. Then those that have the best business plans and strictly controlled costs of operation will flourish after a relatively short time. They will also know that there will inevitably be another slow down, plan for it, survive it, and flourish again afterwards. This is also known as the business cycle. Some survive, some die.

Hope everyone, o/o, lease, companies, all survive and thrive. Those that don't. . . . sorry for your loss, but thanks for getting out of the way. Business has no heart or feelings.

 

Just the broker claims he's making nothing on the load doesn't mean I have to too.