Seems like 'The Hunger Games' for Owner Operators

Of course it's fair. Too many trucks, not enough freight that's how it goes. Remember when customers were whining about paying double and triple or more than these current normal rates to ship their products during the pandemic? That was fair too.

 

Nope. I'm gonna go tell Mom

 

What other way is there? That's fairness and equality for all. You don't just get to make a profit because you showed up with a truck. That ain't how it works. And a broker making 31% rips better enjoy them for as long as they can because there's another hungry broker or carrier out there that'll be glad to do that same load making a lot less.

 

What is with the mentality that everyone who buys a truck and runs the spot market deserves to succeed? Does every restaurant that opens succeed? Or any other business for that matter?

The rates are what they are because a record number of people got their authority when the rates were artificially inflated during the pandemic. Heck there are members here that drive for carriers with quite a few trucks who rely 100% on the spot market. When enough people leave then rates will adjust and once they’re high enough then everyone will be getting their authority again. It’s the same as it’s always been, only during the last really hard time there wasn’t as much YouTube and social media so we lacked the experts being able to voice their opinions on how it should be. For a lot of people in this industry this will be the first large scale culling of the herd that they’ve seen.

 

So when do we hit bottom? You know, when trucks are a dime a dozen. I got a pile of cash burning a hole in my pocket

Figure if I can buy a truck in cash for cheap, and make it through the lean times with my check truck, if rates ever turn around I should be golden, right?

 

I drove by Paccar Financial in West Valley City this morning and I don’t think they could fit another truck inside their gates. It’s a matter of time before prices really drop, especially at dealers who won’t want to keep paying interest on their inventory. MHC dropped prices on new W9’s into the 215-230 range and they have some new 680’s for 180-190. Almost back to pre-pandemic prices. I’m sure the used market will continue the decline that it’s currently on.

 

the before time……regulation. Every nit wit on the planet couldn’t get his own authority for $300.