Fuel cost is High, Does rates goes Up

Discussion in 'Ask An Owner Operator' started by trucker_lady80, Mar 4, 2022.

  1. bumper Jack

    bumper Jack Heavy Load Member

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    I expanded my post. Once I realized this wasn’t just trolling. Forgive me.
     
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  3. trucker_lady80

    trucker_lady80 Bobtail Member

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    Thank you so much bumber, it is my fault. I should worded my first post better with more honesty.

    Yes, I am on the sidelines debating rather to start my own trucking business now or later.

    I am just trying to learn what to expect and how to adjust.

    I am just thinking that is Fuel Cost goes up, Rates should go higher, right? Or am I wrong to think this way.

    Thank you so much.
     
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  4. bumper Jack

    bumper Jack Heavy Load Member

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    It’s very volatile right now. Rates will lag behind fuel cost. They will rise to a certain point. If the load to truck ratio gets lopsided and available trucks outweigh available loads rates will plummet. When that happens people go out of business.

    I suggest waiting. We are long overdue for a market correction. Wait for it to bottom out and catch the next wave up.
     
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  5. trucker_lady80

    trucker_lady80 Bobtail Member

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    Thank you so much bummer Jack for the response,

    Please excuse my ignorant questions I am just learning to plan

    Question please:

    1. What happens if I ask for more higher rate to meet my trucking business needs, and the broker says I can not meet the rate I am asking for?

    2. From your experience, if cost of fuel goes up, have you noticed the rates being offered to you go Up, Down or Remain the same? This is an important question for me cause lets me know I need to prepare for such an scenario in the future.

    Thank you kindly
     
  6. trucker_lady80

    trucker_lady80 Bobtail Member

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    Thank you for responding bumper Jack,

    Yes may be best to wait.

    How do you know when a bottom will occur or when to catch the next wave up?

    Thank you,
     
  7. TheLoadOut

    TheLoadOut Road Train Member

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    @trucker_lady80Don't be afraid to step up your game. bumper Jack said it best, it's all a negotiation, don't be afraid to ask for more. Everyone has different financial wants and needs, but like Gordon Gekko said, "Greed, for lack of a better word, is good"
     
    Last edited: Mar 4, 2022
  8. bumper Jack

    bumper Jack Heavy Load Member

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    If they say no you move on to the next load on your call list. If you exhausted all those and couldn’t find a decent load. That means you are overpriced for that market. While you set your individual rate, the market will only bear what it will bear.
     
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  9. bumper Jack

    bumper Jack Heavy Load Member

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    Just stay tuned here. When all the post are about cheap rates and not making money give it 12 more months and it will start to rise again.
     
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  10. bumper Jack

    bumper Jack Heavy Load Member

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    Not on the spot market. Loads are priced all in. FSC is really only a contract rate thing.
     
  11. Lyle H

    Lyle H Road Train Member

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    Ok, now my advice is different.
    First, read as many books on business as you can find.
    Start saving as much money as you can now so when the time comes you can purchase a truck with cash.
    Never sign a “lease purchase “ but its fine to “lease” onto an established company after you do the research on at least six different companies.
    And definitely don’t do anything now. The economy is too unstable to even think about it.
     
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