Trucking Super Cycle Confirmed, According to the Pros.

Well respected?

Not really.

There is no driver shortage; we still have overcapacity to the point that there isn't a move in rates as it should be.

The move to alleviate the alleged driver shortage is to use automated trucks, which eliminates 40% of the real problems with pis poor drivers and lowers overall costs by eliminating the high risk of bad drivers, not the wages.

But then we have FW positioning itself to be on both sides of the issue, whether automation is good or bad for the industry. This is why he is saying one thing one week and then another thing another week.

What many miss and it was miss by most here is the crying of FW back in Febuary with the claims that Dahlia's law will create a huge shortage of drivers and this went to the crux of the problems with FW and the industry itself, leading to the question - is the industry better off with it being a profession where only US citizens can earn a CDL or is it better to have any legal status person being handed a CDL and told GO GO GO?

 

...hoard capital to the point you are semi-retired from investment income and are therefore somewhat insulated no matter what happens?

 

Drive in Alaska. Join the Air Force become AFSC 1C1X1. Big money in that on the outside world.

 

Never a driver shortage. Driver retention shortage cause all the drivers get treated like ####

 

I'm just throwing you shade. Because it's fun.

I met an air traffic controller who worked for the coast guard naval air wing in or near nola. He said he would get in trouble a fair amount but they never did much to him since there is an acute shortage for competent air traffic controllers.

After drinking with him a bit in NOLA. He was a squirrel but a smart squirrel.


Freight boom. Yeah robot trucks are going to get a bigger push. Right? Your making money now?

 

Lol, rates didn’t rise because the economy is booming.

Capacity has shrunk exponentially..

Rates (spot market) have risen exponentially. lol, glad I’m not locked into contract freight.

Doesn’t take a rocket scientist to figure out what’s going on..just look at Florida outbound rates..holy moly!

Post #2 is poppycock

I’m not going to tell you what to do or give you any financial advice. If I was younger I’d be trading in my equipment for new.

“Truckload spot rates are soaring to historic highs, with national dry van rates recently reaching roughly $3.73 to $3.83 per mile. This explosive growth marks a massive inflection point; excluding fuel surcharges, spot rates are running over 50% higher year-over-year. [1, 2, 3, 4, 5]
This unprecedented surge is being driven by structural market shifts rather than just seasonal demand: [1, 2, 3]

• Capacity Reduction: A prolonged, multi-year freight slump forced many smaller carriers and under-quality operators to exit the industry. As a result, available truck supply is extremely tight.”