Looooowwww Rates

Discussion in 'Ask An Owner Operator' started by Boundtransport, Feb 6, 2020.

  1. Boundtransport

    Boundtransport Light Load Member

    70
    18
    Nov 1, 2018
    U.S.A.
    0
    Is anyone seeing a terrible trend on Dat load board? I’m seeing rates since January decline very fast. Currently I’m doing hotshot loads. I’m seeing rates not even being paid at $1.45 a mile. Today I’m seeing load going for 1.12 or even less see picture attached. What’s going on? 8B7C96EA-5657-4BF6-9E66-6F4E88ABED4E.jpeg
     
    Rideandrepair and Socal Xpress Thank this.
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  3. Majestic 670

    Majestic 670 Heavy Load Member

    908
    806
    May 10, 2016
    Landcruiser
    0
    Rates are in election year mode.
     
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  4. DUNE-T

    DUNE-T Road Train Member

    5,371
    11,235
    May 10, 2015
    Detroit, MI
    0
    When did you start your business?
     
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  5. Boundtransport

    Boundtransport Light Load Member

    70
    18
    Nov 1, 2018
    U.S.A.
    0
    Huh? Lol
     
  6. Boundtransport

    Boundtransport Light Load Member

    70
    18
    Nov 1, 2018
    U.S.A.
    0
    I have about a year and 5 months. Things weren’t this bad last year.
     
  7. DUNE-T

    DUNE-T Road Train Member

    5,371
    11,235
    May 10, 2015
    Detroit, MI
    0
    True, even though February is the slowest month, this year is worse than before
     
  8. Freddy57

    Freddy57 Road Train Member

    1,033
    1,555
    Nov 29, 2013
    Mount Vernon, MO
    0
    February is a good month for visiting friends and family. I just get a load near where i want to be and then hang out for awhile and then get another to move to another place I want to be. As long as I pay the bills for the month that's good enough.
     
  9. jlafume

    jlafume Light Load Member

    196
    218
    Jan 6, 2011
    Victorville,Ca
    0
    The first quarter alwayz sux just enjoy some family time. An hit it hard when rates pick up
     
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  10. runningman0661

    runningman0661 Road Train Member

    3,616
    7,065
    Mar 5, 2009
    Clover, South Carolina
    0
    Last year wasn’t a normal year, it was a perfect storm for good rates. Anyone that could fog a mirror could be profitable.The rates have normalized, better tighten the operation up and learn to be profitable under these conditions.
     
  11. Rubber duck kw

    Rubber duck kw Road Train Member

    5,153
    14,325
    Dec 9, 2017
    0
    Really, first quarter seems to be the best part of the year for me, and then the brokers all forget their New Years resolution to say no to stupidly cheap freight and it goes downhill, but that's hopper work.
     
    Rideandrepair Thanks this.
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