Loads are cheaper because of the economy and the abundance of trucks.
Even when the economy is good cheap loads exist due to an abundance of capacity in a market.
That's why loads out of the Northeast for example are always cheap.
lots of trucks run into there for the higher rates in and shippers know trucks will haul cheap to get out knowing there's more capacity than volume.
Not coming to Schneider at this time.
Discussion in 'Schneider' started by TennMan, Aug 18, 2015.
Page 70 of 79
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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
More stocks down:
Trucking stocks are turning in some of the market's worst performances on the day, dragging the Dow Jones Trucking Index down by 2.7 percent. Werner Enterprises and YRC Worldwide are posting standout losses.
http://www.nasdaq.com/article/stock...y--us-commentary-20151109-00980#ixzz3rKL8mwG5
Saia missed badly on Q3 earnings and sales, sending its shares crashing as the trucking company was hurt by declining tonnage trends in the industry.
The Johns Creek, Ga.-based company earned 46 cents a share, down 28.1% from a year earlier and missing views by 22 cents. Revenue fell 4.6% to $317.2 million, missing estimates of $328.4 million.
Saia CEO Rick O'Dell said the company will "aggressively manage costs" amid the low-volume climate for trucking in the U.S.
Shares plunged 21% to 23.72 on the stock market today after tumbling 7.9% Tuesday.
http://news.investors.com/business/...s-report-weak-demand-so-far.htm#ixzz3rKMKuowO
Global Trade In Freefall: China Container Freight At Record Low; Rail Traffic Tumbles, Trucking Slows Down:
Here's some graphs from this article:
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
“Inventory destocking, sluggish trade, and weak manufacturing have created an environment much different than last year for truckers and transportation professionals,” said Jonathan Starks, director of transportation analysis.
http://fleetowner.com/fleet-management/ftr-trucking-conditions-index-falls-september
The bad news just keeps comingOk big boy and xlsdraw Thank this. -
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Well it is not hitting all companies. There is an organization that has acquired 9 flatbed carriers since 2009. None of the 9 were even on the market to be sold which means they sold at a premium. They are getting ready to go public and will have the IPO within the next year.. driver shortage is listed at 48,000 this year and is expected to jump to over 100,000 in the next 2 years. So is it possible that it is isolated to the Megas or possibly it is the frieght segment that is slowing down. Because the Flatbed/ Specialized Hauling sector is growing and in most areas of the country are not experiencing a slow down in freight or frieght rates except for the seasonal slow down. Actual frieght rates in that segment are rising and has been for the last 3 years at a steady pace of 3% on average across major flatbed/specialized carriers.
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Ok..how can you book a trip 700 miles away? The load board only allows you to go out a max of 495? Second if you think it only costed you around 150.00 to go there your crazzzzzzy that truck cost way more to operate than that...while I am only in my second month I call B$ ....
Be Safe Out There
Captain DavePork Chop Express Thanks this. -
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500 on mobile app 999 on full site.
stevep1977 Thanks this. -
You can pull up every load in the continental US in one search.
sicksfeet, TennMan, Drifter42 and 1 other person Thank this. -
redoctober83 and Drifter42 Thank this.
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Yep you can blank out the city and do a blank search and it will bring up every load in the country. At least the ones they put up.
redoctober83, PoleCrusher and TennMan Thank this.
Trucking Jobs in 30 seconds
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