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It's not looking good........

Discussion in 'Ask An Owner Operator' started by freightwipper, Nov 4, 2015.

Page 1 of 3
  1. Nov 4, 2015 #1
    freightwipper

    freightwipper Road Train Member

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    Here's some DAT numbers

    Load to truck radio Oct 2015 vs Oct 2014

    Van -47%
    Flatbed -55%
    Reefer -53%
    http://www.dat.com/resources/trendlines


    Here's some news:

    Swift Transportation to Halt Fleet Growth on Weak Demand, Pricing"
    ...
    "Analysts said Swift’s move to halt capacity growth is aimed at bolstering freight rates amid a soft patch in the economy that has hurt transportation companies across the board."
    http://www.wsj.com/articles/swift-t...leet-growth-on-weak-demand-pricing-1445968928

    Trucking stocks hit reverse:
    ...
    "Trucking company stocks tumbled Tuesday after several firms gave bleak outlooks for freight demand, raising fears that the industry may soon need to cut shipping rates.
    ... Roadrunner Transportation Systems Inc., which operates a midsize LTL fleet, cut its guidance for future profits and revenue on Monday, citing weak demand and “aggressive pricing activity,” indicating lower rates offered by its competitors.
    ... A prolonged downturn would likely result in a surplus of available trucks, forcing carriers to cut prices as they compete for fewer loads, analysts say, a battle for business that would weigh on profitability."
    http://www.wsj.com/articles/trucking-stocks-hit-reverse-1445974036

    Global Trade In Freefall: China Container Freight At Record Low; Rail Traffic Tumbles, Trucking Slows Down:

    Here's some graphs from this article:

    [​IMG]
    [​IMG]

    http://www.zerohedge.com/news/2015-...reight-record-low-us-rail-freight-tumbles-tru

    Trucking Companies Scale Back Fleet Purchases on Tepid Demand
    New reports show orders for tractor-trailers fell 45% in October compared to last year

    http://www.wsj.com/articles/trucking-companies-scale-back-fleet-purchases-on-tepid-demand-1446661196

    Trucking Prices Undercut by Sluggish Demand
    C.H. Robinson Worldwide Inc. executives say weak demand and too much capacity are limiting the ability of trucking companies to command higher rates

    http://www.wsj.com/articles/trucking-prices-undercut-by-sluggish-demand-1446049311
     
    freightwipper, Nov 4, 2015
    freightwipper, Nov 4, 2015
    #1
    bigguns Thanks this.
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  3. Nov 4, 2015 #2
    uncleal13

    uncleal13 Road Train Member

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    Maybe this is why none of the truck manufacturers will be at Louiseville next year.
     
    uncleal13, Nov 4, 2015
    uncleal13, Nov 4, 2015
    #2
    double yellow Thanks this.
  4. Nov 4, 2015 #3
    Flatbed Valkyrie

    Flatbed Valkyrie Medium Load Member

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    Oct 25, 2015
    Chadds Ford,PA
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    There's always a market fluctuation.
    The Mega companies control most of what moves for how much.
    They saturate the market with trucks moving cheap freight and the rates drop accordingly.
    Once the rates get down so far they scream recession and downsize just enough for the market to bounce back.
    Plus DAT is biased,they don't always list the true market value of all companies.
    Just a little FYI.:)
     
    Flatbed Valkyrie, Nov 4, 2015
    Flatbed Valkyrie, Nov 4, 2015
    #3
    tech10171968, peterbilt_2005, Ozdriver and 5 others Thank this.
  5. Nov 4, 2015 #4
    shanman

    shanman Medium Load Member

    361
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    Dec 2, 2014
    Silverton, OR
    0
    I hope the market is hitting bottom I wanna buy a new trailer soon and they should be cheaper.
     
    shanman, Nov 4, 2015
    shanman, Nov 4, 2015
    #4
    ramblingman, Lone Ranger 13 and KB3MMX Thank this.
  7. Nov 4, 2015 #5
    freightwipper

    freightwipper Road Train Member

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    Trucks are one thing, demand by boat and rail is down too.
     
    freightwipper, Nov 4, 2015
    freightwipper, Nov 4, 2015
    #5
    KB3MMX Thanks this.
  8. Nov 4, 2015 #6
    rollin coal

    rollin coal Road Train Member

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    Don't get your hopes up too much on that. Somebody mentioned elsewhere today they spec'd a new dry van and there's an 8 month backlog of orders for new trailers. That's with trucking in the toilet. Last year at this point it was a 4 to 5 month backlog and freight was, relatively speaking, smoking hot. Who knows how long that kind of demand can last with freight/rates as they are though?
     
    rollin coal, Nov 4, 2015
    rollin coal, Nov 4, 2015
    #6
    me myself and I and freightwipper Thank this.
  9. Nov 4, 2015 #7
    Flatbed Valkyrie

    Flatbed Valkyrie Medium Load Member

    567
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    Chadds Ford,PA
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    Boat demand is down to China going into a recession.
    They grew their economy too fast revolving around the US market needs.
    Of course the experts will tell you China is a powerhouse but they're basing it on outdated market info.
    Rail traffic is based on Truck traffic,after all you can't rail right to the warehouse/stores.
     
    Flatbed Valkyrie, Nov 4, 2015
    Flatbed Valkyrie, Nov 4, 2015
    #7
    ramblingman and Hegemeister Thank this.
  10. Nov 4, 2015 #8
    shanman

    shanman Medium Load Member

    361
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    Dec 2, 2014
    Silverton, OR
    0
    I got a quote last month and it was a 4 month lead time. So I'm still holding out.
     
    shanman, Nov 4, 2015
    shanman, Nov 4, 2015
    #8
  11. Nov 4, 2015 #9
    freightwipper

    freightwipper Road Train Member

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    Yeah as I was saying.. things are down all across.
    We do get enough Chinese crap as is though so i don't mind about that lol
     
    freightwipper, Nov 4, 2015
    freightwipper, Nov 4, 2015
    #9
  12. Nov 4, 2015 #10
    rollin coal

    rollin coal Road Train Member

    13,332
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    Mar 29, 2008
    TN
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    If things turn around next spring prices won't drop. I don't expect things to turn around so soon though. I expect it to get worse until 2017. Just my O.
     
    rollin coal, Nov 4, 2015
    rollin coal, Nov 4, 2015
    #10
    drvrtech77, 123456 and blairandgretchen Thank this.
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