Forecasting spot rates 2019

Discussion in 'Freight Broker Forum' started by Dino soar, Jun 10, 2019.

  1. Scooter Jones

    Scooter Jones Road Train Member

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    "Morgan Stanley equities analyst Ravi Shanker released a note earlier today (June 10) that suggested its proprietary industry metric, the Truckload Freight Index (TLFI) may be near its bottom as orders for new Class 8 trucks crash and a steady clip of carrier bankruptcies bleeds capacity from the market."
     
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  2. Scooter Jones

    Scooter Jones Road Train Member

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    I noticed yesterday that a small Volvo dealership on my lane had 12 new trucks on their lot. 2 to 3 mos ago, they essentially had none.
     
  3. Rideandrepair

    Rideandrepair Road Train Member

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    I’ve noticed the same at quite s few Dealerships.
     
  4. spyder7723

    spyder7723 Road Train Member

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    Morgan Stanley's report is who I've always based my planning around. Its served ne well so far.
     
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  5. Midwest Trucker

    Midwest Trucker Road Train Member

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    Wonder how many millions of dollars they spend to come to that conclusion? I’d probably tell them for half that. :D
     
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  6. Midwest Trucker

    Midwest Trucker Road Train Member

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    I’m having a hell of a time selling my used truck. No calls whatsoever and I even have it in truck paper. Nobody is buying anything.

    My trailer sales lady said she’s very slow as well.
     
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  7. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    Not true. I'm going to get 2 soon. And the offer I gave my salesman awhile ago " Your out of your mind." Is now getting " So, you still interested in those trucks?" Yes I am, and I'm gonna squeeze him for a little more too lol.
     
  8. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    You guys do realize were moving REAL fast toward 2020 right? It's the busy season now. If you don't have your forecasting hocus in focus, I'm thinking you may have missed the boat.
     
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  9. Midwest Trucker

    Midwest Trucker Road Train Member

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    My statement was a little too broad. I meant “Hardly anyone is buying in comparison to how they were”.

    I have another one being built later this month. So I’ll have a second for sale. I may just need to wholesale them out but was hoping I could do better then trade in value on them.

    You buying new?
     
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