Picking my own freight baby! My journey to & of being on Schneider choice, the Adventure & Numbers!

MAN!

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:




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

 

everything is down including reefer

 

What companies do in that aspect are irrelevant to me.
Less loads and lower rates have been the talk here for a couple months now, not just Schneider drivers either.
Now that info is hitting the mainstream and pretty much confirming what we've been seeing.
It sucks!

 

but but but there's a "truck driver shortage"!

I say let there be a lot more shortage, more loads and money for the rest of us lol

 

I don't know, I'm not a company driver here. I'm an IC but do notice there's less loads posted lately that's for sure.