Rates are coming down

That's their job. Your job is to run them up. Nothing new.

 

Isn’t it interesting that brokers for the most part move in unison. Unlike O/O’s that will cut their on throat and that of others just to spin their wheels.

 

Remember a couple of major shipping ports out of China had to close down due to Covid infections. That slows down everything.

 

That makes sense but I'm seeing a very slow week this week (rates as well as volume has dropped) and I don't pull any Chinese goods on my flatbed.

 

East Coast is still jam packed at the ports. One of my regulars is across from the port. Took me 30min the other day going the final half mile from all the containers lined up waiting to get in

 

There is no doubt load volume has dropped in open deck. With that comes the rate drop. I always love to read when someone says it has not affected them.
All that depends on where you are and what you haul.
The economy pops and we will see who still says it hasn’t effected them.

 

I don't think brokers act in unison. The market just has trends and we all fall somewhere in at different times. It's our economy and it is a big global beast.

If you think that brokers act in unison then you are probably just noticing that on load boards. Load boards consist almost entirely of forgotten freight, that's what the spot market is and why load boards exist. It's a sector of shipping but not at all a majority of it.

I'm sure most brokers would rather have everything on contracts and know the freight is moved and what kind of $$$ will be coming in tomorrow but that's not how things play out in real time. Trucks break, people flake, customers change their plans.

 

Well when the OP says he's searched all over the country and different kinds of trailers he's basically saying rates are down everywhere for everybody. Which obviously isn't the case because midwest dry van is still going as strong as it has for months.

But hey good prediction saying when the economy pops it will affect us......

 

Lolol. Glad you took note of my predictive skills.

 

All this talk about recession, rate/freight drops, oversaturation, etc, my question is: how long do trucking industry recessions usually last? Would now be the perfect time to be a company driver and save up all your pennies til the supposed recession is over, then cash in on a new truck and go O/O during the upturn?