Truck Load Rates Halt 8 Week Slide 2.0

Best week I've had in many months, almost cracked $5k. Of course I was gone from early AM Monday to late last night (Friday). 5 days and I'm ready to be out of the truck. I don't know how you road warriors do it.

 

This week was definitely better than previous ones, hopefully things keep moving and freight does not drop much after the 4th of July

Truck 1:
MI-WI $700 375 miles
Wi-SC $2200 960 miles
SC-NC $700 150 miles
NC-VA $1250 350 miles
WV-MI $1200 430 miles
$6050 on 2650 miles including deadhead

Truck 2
PA-MI $900 480 miles
MI-IL $975 425 miles
IL-GA $1400 550 miles
GA-NC $1250 350 miles
NC-MI $1500 750 miles

$6025 on 2750 miles including deadhead

Truck 3
MI-TN $1250 700 miles
TN-OH-NY $3200 1050 miles
NY-OH $900 600 miles
OH-MI $500 105 miles

$5850 on 2750 miles including deadhead.

 

For me, the OTR lifestyle, in the truck for days and weeks on end is unbearable. It's a miserable form of existence (for me) with a family and home base structure in place.

 

"Ahead of July 4, we’ve seen an increase in the dry van Load-To-Truck Ratio (LTR) by 24% to 3.56 last week, driven by a 20% week-over-week increase in spot market load posts, which also puts dry van load volumes up by about the same amount year over year. Capacity tightened as a result, with truck searches down 3% w/w and 8% y/y."

DAT iQ Market Update: Big surprises in van rates - DAT

 

Did you haggle ?

 

This is the same week from 2018, I think people will be remembering that year for a long time

Truck 1. $7800 2100 miles
Truck 2. $6850 1950 miles
Truck 3. $7350 2200 miles

 

I ran down to N. California (I-5) and back on Thursday/Friday. Traffic was very brisk. Lots of people out and about. People pulling 5th wheels, campers, boats, Skidoos, etc.

 

Considering the rates going west out of here id say that's not too bad.

 

My banker told me this week that RV’s and boats are off the charts as far as sales (loans) being made right now. Said he’s never seen anything like it.

 

Some yes and some no, lanes and freight availability permitting. These what brokers were offering initially

Truck 1.
MI-WI $600
WI-SC $1800
SC-NC $400
NC-Va $1250 was offered right away and they did not want to haggle. It's a decent small brokerage and offered fair money right away. I also was running short on time, because of the SC-NC I did in the morning, so I took this one quickly to finish the day
WV-MI $800

Truck 2
PA-MI $900 this was booked through an app, included 120 miles deadhead
MI-IL $950, only was able to get $25 extra out of them
IL-GA $1100
GA-NC $800
NC-MI $1100

Truck 3
MI-TN $1000
TN-OH-NY $3000
NY-OH $900
OH-MI $400