Brokers, Please explain the plummeting rates these days.

I never once have said it was the best money I spent

That’s the general idea, but there is plenty of room during both for things to move the other way. That’s like saying $2 or less freight had zero takers last year.

 

This is true to a point. If you buy $200 tires that pop after a month, you’re eventually going to buy the $500 tires that last 2+ years.

You get what you pay for.

 

Unfortunately this isn’t a good comparison. There’s plenty of people that can get the job done with lower costs of operations. Like me. Even in this climate I can get by with $2 a mile until the market picks up. Would I do it? No.

 

Maybe a larger carrier that has to feed a driver might but many know it's better (and usually costs less) to just pay the driver out of pocket instead of pulling something for less than operating expenses.

 

you setting the price for your truck isn't price inelasticity unless the demand for your truck doesn't change. you said you have less work now so demand changed. quite literally the opposite of what you said price inelasticity was.


thanks, this has been my TED talk.

 

They’re closer in comparison than you’re comfortable in acknowledging, I can guarantee it. Otherwise Michelin would be in the grave from LingLongs and DoubleCoins.

I really do not understand people trying to flex how cheap they can run for. I can run for 75 cents a mile. I’d have to sell my 2022 389, drag the ol 377 out of the weeds, eat beans and rice every meal, and only tread water as far as my personal life would go. I mean imagine getting a job offer at McDonalds for $25 an hour but you tell them you can do it fir $10 an hour.

Every shipper showed their hand last year. They can and will pay more.

 

You’d have a point if my miles and revenue had changed YOY. Keep up junior.

 

Don’t forget rates might dictate who’s driving, but there are plenty of people who are responsible and can get the job done on a lower rate if need be. That’s all I’m saying. There’s no guarantee that a high rate o/o will be responsible and a low rate o/o will be irresponsible. That isn’t the right comparison.

 

I really think gentleroger hit the nail on the head a page or so back. You are talking micro (your one truck), I'm talking macro (the entire domestic truckload market).

 

I understand what you’re saying. That’s why I said “That’s true to a point” in my comment you originally replied to.

However, to nuance my point further with tires: I’ll put a LingLong on my trailer if need be, a DoubleCoin on a drive if I’m in a pinch, but absolutely no kind or variety of “Maypops” will ever be on my steer axle. I will wait for Bridgestone or Toyo to manufacture a set of steers if I have to. Just as there are customers out there that will pay for a dependable name for freight that greatly affects their business.