Point of oversaturation in the trucking industry?

Discussion in 'Ask An Owner Operator' started by TylerHarris96, Aug 27, 2018.

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  1. Rideandrepair

    Rideandrepair Road Train Member

    Aug 8, 2015
    Sad but Funny
    Justrucking2 Thanks this.
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  3. Rubber duck kw

    Rubber duck kw Road Train Member

    Dec 9, 2017
    Pay cash for everything, you don't have to worry about making a payment every month other than insurance.
  4. Buckeye 60

    Buckeye 60 Road Train Member

    Apr 19, 2018
    frieght rates,will only fall as far as people are willing to haul things for there is always freight and sometimes the herd needs thinned out some and it will . I think we have several good years ahead of us but recession always shows up eventually and you can haul cheap frieght for awhile but those big payments and costs will eat up some ..... what might help is the many companies that are raising pay and that's good and over due for company drivers but it's really hard to cut pay and keep drivers when the rates fall and companies won't be able to last long at cheap rates
    Rideandrepair and Justrucking2 Thank this.
  5. Justrucking2

    Justrucking2 Road Train Member

    Sep 12, 2017
    Plymouth MI
    Polish a turd, and it is still a turd.

    Plenty of folks waiting to be a victim... The Dealerships know how to polish a Turd, and sell you a warranty that is not worth SPIT. Welcome to the industry boys and girls! ;-)
  6. Midwest Trucker

    Midwest Trucker Road Train Member

    Aug 31, 2018
    Yes, happens every few years.

    Rates go up, everyone floods into trucking, rates go down and many go out of business. Rinse and repeat.

    It doesn’t always correlate with how well the economy is doing. Load volume is through the roof right now but so is the amount of trucks to haul it. If the economy keeps booming things will stay good, however even with a booming economy eventually there can begin to be too much supply of trucks.

    You have about 1 more year until the next herd thinning. No matter what the economy is doing. Two years after that it’ll be good again unless somehow a Prez is elected that pours on the taxes and regulations. (Not trying to get political just my opinion).
  7. TylerHarris96

    TylerHarris96 Bobtail Member

    Aug 13, 2018
    How did you get that number 1 more year? Are there any resources I can pay attention to that will give me the same insight that you have? Thanks
    Tug Toy Thanks this.
  8. DSK333

    DSK333 Road Train Member

    Jan 27, 2018
    This is made clear by the overwhelming amount of laws the Megas pay Congress to pass that seriously restricts our efforts to advance. They hide behind groups like the ATA but all one has to do is look at who the main players are of said groups. It's always the Megas.
    Tug Toy and Midnightrider909 Thank this.
  9. Justrucking2

    Justrucking2 Road Train Member

    Sep 12, 2017
    Plymouth MI
    Gut feeling, normally never wrong. Seen it before, and it is setup for just that sort of downturn. The indicator for a few of us is the price of used trucks, along with the orders for new trucks. Everyone is jumping in right now, lease drivers at my outfit are quitting and turning their authority back on or applying for new authority. It is coming. Me, I'm staying put. Been there and done that. ;-)
    Midwest Trucker Thanks this.
  10. Midnightrider909

    Midnightrider909 Road Train Member

    Oct 26, 2016
    Kevin Rutherford says rates are going to stay high for the forseeable future. With a booming economy most people will have no incentive to go on the road as there will be jobs at home. If we can just keep the ATA from convincing the government to import foreign drivers to cure their “driver shortage” then O/Os should keep doing well.
    Tug Toy and DSK333 Thank this.
  11. Boardhauler

    Boardhauler Road Train Member

    Dec 21, 2008
    Ballin' in it for Shakey
    Well that settles it for sure. Kev Baby is never wrong. I mean I've gained so much knowledge from him. Just a few of his nuggets-

    1. An N-14 Cummins is a 12 or 13 liter motor.
    2. Put dialectric grease on your electrical connections because it improves the conductivity.
    3. You can teach a monkey to drive a truck.
    4. We don't need to stick together.
    TallJoe and PoleCrusher Thank this.
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