Market Predictions

That's the problem in this business, especially the Freight Market.

To me it always seemed there's a low and then whatever the high is, it never really seems like it's that great of a high.

Like if the high was covid money, that would be different. It will be nowhere near that.

I have friends that are in other businesses then when their costs go up, their customers pay it, and their billing for whatever they do goes up.

None of them can comprehend this business where your costs constantly go up, but what you get paid is like a roller coaster.

This business people get paid up and down like the stock market but it never really really pays off, in my opinion.

 

To me covid boom rates were never as good as the boom rates I was getting back in 2012 thru 2014. Got a lot more pushback in the covid boom too.

 

The used truck prices can't get much lower than they are. That's an incentive for new wannabes. So, you see many of them filling the ranks. Saturating the market.
One prediction about the spot market is certain; whatever recovery you count on, it won't last long enough to really recover.

 

My go to line is, "I've long since given up on prognosticating with any degree of accuracy, but if I had to guess..."

 

Running for 7 year old rates in 2025 is an awesome example of commercial suicide. Even if the rates are the same now as they were 7 years ago everything in life has not remained the same. Literally everything you can think of has gone up at least 30 percent.

If a man would have bought 30k worth of gold instead of a truck 7 years ago and sold it today he would have about 70k in his hands with a lot less wasted energy. Gold was around 1250/oz in 2018 and today it's over 2925/oz.

 

Theoretically, yes. When the rubber hits the road though theories don't always hold up when 100% reliant on spot freight.

 

I’ve seen an increase for the last 3 weeks, but there is still an incredible amount of bs to wade through

 

Be thankful you aren’t pulling a van right now.

Right now is the worst I’ve seen it since everything started going south.