We are in the start of trucking recession

I’ve never seen higher rates

 

Dry Van

 

U must of came late to the party

 

It's what the people wanted.

 

Lefties are people? J/k!

 

1.939 CAD/liter (7.339 CAD/US gallon) today in Calgary AB.
Diesel pump cash price.
I think the province tax was removed temporarily.
Carriers may have discounts at cardlocks.
Depending on volume purchased.

 

Look at Thursday's Taylor and Martin auction results. Things didn't miss a beat. 3 year old reefer trailers went for $72K to $86K and your standard 4 year old fleet truck with 300K miles for $110K.

I think the market will still be strong for good used equipment as with China being shut down only further constrains new truck builds. And if orders are cancelled dealers will gladly scoop them up or the mega fleets will fill them up.

 

I'm starting to see increasingly larger cracks in the used truck market.

 

Was there really a used truck market the past 18 months? Half the people with equipment for sale were wishing upon a star with their asking price and looking to make a quick 25% return.