For the first time in two years!

Companies exiting the market has out paced New Entrant Companies. Even though most of us paying only half attention have been seeing this coming for about 8 months now. But since the media seems to be talking about it, it makes it official
Truckload market has 25% too much capacity

 

Got a link? That’s great to hear though.

 

Truckload market has 25% too much capacity

 

What??

You guys just discover this?

We've been too high for a long time, the fancy chart that FW posted only tells a little about the situation.

Until there is a larger exit of owners and companies, capacity is going to stay high. With the Megas driving to cover more areas, and the lack of movement on the owners end of things, this problem will not go away for a long time.

 

I saw that, but only about a week ago. I noted "Though data is lagging",

So I can only guess it's headed in the right direction for a balancing event.

 

It's kinda terrible to sit back and read these articles , look at the current load boards, and then think "Great - that's what I thought was happening!", but it's that cyclical nature of the industry presenting itself again.

 

The next 6 months we're going to see a whole lot of newer owner ops say #### it and hang up the keys.

 

Yeah, for sure but maybe we can just be happy that less people are jumping in vs all the people getting out. Even though both are obviously happening.

All of the stimulus, ppp, and huge eid loans were a helluva drug but now the withdraws are that much worse and long.

 

If it's a recession it will bottom out in a year or two.
If it's a depression it will bottom out in five or ten years.
Have a nice weekend.

 

Used truck prices have become friendly again. I'm getting unsolicited emails from folks wanting to sell me their trucks.
Look, until diesel gets in the 2's, I got no use for this.