Latest DAT projection: rates are peaking right now

Discussion in 'Ask An Owner Operator' started by slow.rider, Jul 16, 2021.

  1. Brettj3876

    Brettj3876 Road Train Member

    Nov 18, 2014
    Canceling cancel culture/CCC
    It peaked a while ago. They dropped off a bit but it's still holding steady. No more 1500 on 150-175-200 miles (well sometimes depending on the day) but yeah rates are still up. In a good market it's still easy getting 1000+ on short haul rates less than 200 miles
    DUNE-T and slow.rider Thank this.
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  3. LameMule

    LameMule Medium Load Member

    Jan 19, 2020
    I wonder if the housing market will follow the projected rates graph? There's a ton of mixed theories on what it will do. I feel like our industry just follows the fear and greed index of basically whatever big business is doing or projecting. If the banks get loose with lending or the fed lowers rates we make hay but when they get fearful we see the results on the spot market.
  4. MysticHZ

    MysticHZ Road Train Member

    May 28, 2010
    You do understand that is not a chart of rates, but percentage of change year over year.

    By that chart, rates are going to increase through 1st qtr 22. Even when the change goes down, the rates are still going to be 20 - 30 percent higher than they were during the same time period 2019. The last year the we might consider "normal".
    slow.rider and Wasted Thyme Thank this.
  5. slow.rider

    slow.rider Road Train Member

    Apr 4, 2017
    Good catch. I've never been a numbers guy.

    Yeah I know, it says it in letters right there on the side of the chart. Still, that's my excuse and I'm sticking with it.

    MysticHZ Thanks this.
  6. JoeTruck

    JoeTruck Medium Load Member

    Mar 13, 2015
    LOWER 48
    The problem is the government is giving money to people who are not producing anything and they are going out and spending it.
    When the banks start shutting down credit it is the beginning of the end.
    The stimulus checks and now the checks for having children are the beginning of UBI.
  7. Opus

    Opus Road Train Member

    Dec 18, 2011
    South GA
    Just got $2.03 out of Houston to Atlanta......44k, live load / drop, dry van.
    Revenue Q2 2021 $47,805 vs $31,865 Q2 2020
    Fuel Q2 2021, $9901 vs $5964 Q2 2020

    It's turning out to be a pretty good year
    Speed_Drums and Wespipes Thank this.
  8. rollin coal

    rollin coal Road Train Member

    Mar 29, 2008
    Doubt it. Lumber is dropping. Interest rates just creeped down again. Been closely following real estate in my local area for a few years now. Same story as everywhere else. There's not enough existing inventory and people are lining up to outbid each other on properties I wouldn't even put a lowball offer on. I keep thinking there's no way it can continue but it does. It's gold if you're a seller but if you're selling the only home you live in you better be locked down on your next home purchase otherwise get ready for the fun of being a buyer in a seller's market.
    Midwest Trucker and staceydude Thank this.
  9. RunningAces

    RunningAces Medium Load Member

    Jul 2, 2017
    #### me. If rates stay this high I might never get a day off.
    LameMule Thanks this.
  10. LameMule

    LameMule Medium Load Member

    Jan 19, 2020
    They keep pushing back the moratorium on foreclosures but there's around 2 million homes slated for foreclosure at the end of the month.

    Even landlords haven't been able to evict deadbeat tenants.
    Midwest Trucker Thanks this.
  11. staceydude

    staceydude Medium Load Member

    Apr 3, 2020
    What a kick in the huevos when the Government controls what people do with their own property while there are help wanted signs all over the place.
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