Truck Load Rates Halt 8 Week Slide 2.0

On Friday had a shipper call on my DAT posted truck.
The guy offered $4600 on the lane that I do every Monday for $3800-4200.
I quickly agreed, figuring that this direct shipper is paying more than brokers usually do.
When it came to paperwork, it turned out that they wanted to do $3600 and I just misheard the amount.

It's just funny how carriers always think that eliminating the broker will get them more money and in return shippers think the same.

Does not look like brokers will be going anywhere anytime soon lol

 

For sure. There is a particular lane from NJ to IN that I mostly run thru the brokerage. 10 to 15 loads per week. The carriers if they get 19 or 2000 are always trying to push it higher only to find out on further loads I need to lower it to 1800 or below if possible.. They never understand why. Considering I have 1880 in it they find it impossible I actually lose money to get loads covered for the customer.

It’s not always rainbows and butterfly’s. We’re getting squeezed just like everyone else. I may just have to surrender the lane but obviously I don’t want to. That’s a lot of loads but making it work isn’t always easy! But, what the hell, brokers are evil. (sarcasm in this case)

 

They're just cheap Shippers who think they can get it moved for less and save the broker fees.

 

Rates still holding strong.

 

No change out west. I'm off this week, but I just looked and they're right where they have been and holding steady.

Been getting some rain out here a full 2 months earlier than usual, and it looks like the first snow around Denver may be on Wednesday. The rain is knocking down the fires and making it a much nicer fall in the west.

 

Mercer must be going to lead the charge back down the hill. Our rates have been coming down a bit sharply last couple weeks.

 

My local Volvo dealer told me this morning that parts situation is getting worse and there gonna be no new truck deliveries till 2023.
Maybe rates will keep staying high for a while.

 

Rates will have to stay high if they want their freight hauled. If nobody can get parts to repair existing trucks and nobody can get new trucks, that creates one heck of a problem for the supply chain in the coming weeks and months. I'm getting paranoid about my truck breaking down on the road and not being able to get it fixed for a long period or getting a rental truck to replace it. I'm seriously considering getting out now while I have equipment that runs and can be sold. Once something breaks down, it's a paperweight that's worthless to everybody, and all of the insurance and other bills will still be due on it. I have other ways to make a living that look very appealing right about now.

 

I can only imagine breaking down far away from home with a time sensitive load with no Eta for getting parts to repair the truck.

 

I've got a feeling that when the cargo insurance carriers figure out that their claim risk is going through the roof with this problem, we're going to see our rates go through the roof as well. Reefers in particular will have a problem if they break down and can't get a rental truck to deliver their loads.