Hey guys as a Freight broker in the business for the last 7 years, I have not seen rates like this in my region for a while now! Now moving into the carrier side of the business reading this article below about the trucking shortage they see in the next 5 years .... ATA's Costello projects out the driver shortage, and it's a big number
Can this be a good thing for us, as if there is more of a shortage and not enough truckers they will have to keep increasing the rates to get these shipments moved? When I was working for big 3pl's most of our managers would stop brokering, and start getting their CDL's to make o/o's because truck drivers who owned their own authority, equipment, etc were making way more money than they were!
Love to hear your thoughts as again I am new to the carrier side of the business.
Can this be a great thing moving forward?
Discussion in 'Questions From New Drivers' started by grizzlyfreight, May 24, 2018.
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I feel like drivers will work more br paid more, but inflation is coming and it’s gonna offset those gains
RedRover, Oldironfan and grizzlyfreight Thank this. -
No thanks.
I'll tell you why.
Amazon for one.
I would be a O/O myself. Break free from the crappy .50 cents a mile company pay. Come on that's so 2001. If rates are so fantastic pay me a dollar a mile. No it's not worth it for me. Too expensive. Let's hire three immigrants at .32 a mile and three trucks at those wonderful rates. KACHING in the money.
In the past I have spent years counseling new company puppies from going O/O simply because they don't know trucking. I even bought a truck to become a O/O once in the 90's (Long story...) but isnt the right time. It sure is now. Especially if I can get a older Iron I can understand without the emissions fluid crap that burns em up really easily or get away from that ELD essentially a Govt installed box that says no....
I wouldn't care if I got 5 miles to gallon. I'll be free. With the exception of Dear Uncle Sam who will want his 1099 taxes once in a while. Combine that with medicines worth a million in that trailer with next morning delivery with cardboard back to Memphis? The money will take care of itself for the next oh, 35 years or so as our Aging population needs more medicines.
I might buy 5 trucks. 10, 100 and so on. If done right I wont need to be bothered at night at home. I have people in the office to take care of the common sniffles among the weaker of the drivers. We will deal with them in the morning after I get there and have had coffee and read the night dispatch problems.Oldironfan, taodnt and grizzlyfreight Thank this. -
grizzlyfreight Thanks this.
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Thank you so much for your reply guys! I really appreciate it! Probably back in 2012-2013. Never really been this crazy though I do got to admit! These last 2 months has been crazy!
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I have seen $10,000 west coast to east coast produce loads in the 90's now they are under $8000. Rates are better than most have seen them.Oldironfan and Justrucking2 Thank this. -
As the economy takes off, I remember the 80's, rates will go up. Supply and demand. Many of us drivers are just a few years from retirement or death. Not much new blood out here like in our day, young people are avoiding the industry for many reasons, pay is at the top of that list I would imagine, along with being snowflakes.
The reason you see so many foreigners out here, which is not a good thing as these guys tend to run the rates down to keep their trucks moving. I'm not talking about the lone owner operator, but the Chicago types. Fifty trucks and only hire their own, dispatch the trucks out of Bosnia and have to keep the mooks rolling or they rebel. What do you do?
Yeah, I would jump into it, I don't see things slowing down any time soon. Almost through in framing the truck, hopefully will start it today.Wargames Thanks this. -
Well from our perspective, its not a good thing. My hubby works for a union shop and for the past 6 months, he has been not working full weeks. The reason ; the company seems to have raised its prices to prove that they cannot afford increases as their union contract was up for renewal. For the past 3 months, its been 2-3 day weeks. That's just not sustainable at all. He has worked for this company for over 2 years without a paid vacation week.
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