Trucking and Freight Market March 6: Capacity Started INCREASING Again?!
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- Опубликовано: 17 май 2024
- The most concerning thing about trucking and the freight market is capacity. Realistically, we can boil all the issues to the fact that there are simply too many trucks and not enough volume for all of them. And as of last week, for the first time in a year, we are seeing that capacity increased by over 100 carriers. Hopefully, this is just a one time phenomenon and not a trend.
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Never lie just to appease anyone. Your honor and integrity is way more important. Thank you for all the truthful information. Have a blessed day and as always stay positive
I agree 100%
You're doing a great job with this channel. I for 1 really appreciate your effort. Thank you.
There is opportunities in every economic environment, this one is very long and we are heading to 23 months in a row where things are rough price and volume wise . I am a huge of relationships and walking into local shippers and likewise wherever i have delivered with my own trucks i have asked my drivers to introduce themselves to neighbourhood shippers whereever we have trucks constantly . Building lanes like this still works . Keep on trucking folks.
Like water off a ducks back Miranda. Don’t let it get to you! You just keep on trucking like we all do. Thank you!
Thank you. I enjoy your videos. I have been learning a lot from you about the trucking industry. I recently started making moves to enter the trucking industry as a OTR driver. I've been learning the terminology. I just wanted to say thanks.
Thank you for your efforts in getting the information to us.
Miranda, I know you would give us good news if there were any. Thanks for being there.
Good job as always. Your (almost a week) vacation must’ve helped. You seem calm, again.😊
Like all ways great job and thank for keeping us hope for better times to come 😊
Thank you for the info Miranda!
Thank you for your overview and explanation.
Thank you as always, confirming what I'm also seeing in the market. At this point, I just operate by the season the old fashioned was way before sonar, but right now, there's no money anywhere 😅
Thanks for all yor work
Just don’t come to Northeast…you might end up staying parked like me for almost 2 days somewhere at the Truckstop….or you could pull a free load once more
Ouch…
Roll empty to a better market is better for business sometimes. Especially if you're running refer.
@@skipdegraff6547
Sure…and were is that market right now?….that old slogan doesn’t work anymore…since the next market could be so far away….
Many times is paying crap to get into this bad spot…..so how many mistakes can you afford to make?…it cost money to make money.
Rather parked than ruined my equipment to the ground….at least I don’t have to worry about those huge repair bills….I’m talking about those bills that could bankrupt or it will put a trucker in bills to be paid for so long even if the market will recover by next year….not this year almost certain.
We are in March and new dreamers are still coming to become big bosses with empty pockets 😂😂😂😂
No clue how you guys struggling in north east. Been running NY PA MD NC and doing 6k-7k each week, home 3 of the 5 days, usually only 45-50 hours a week.
@@Thepedell
40-50 hours…huh
Maybe going to NYC every day…still 40-50 hr…just to get in and out every day takes that long 😂😂😂😂😂
I appreciate all your effort to make these videos for us
i for one appreciate your honesty keep keeping it real 💪👍
Another fantastic video, well done!
Ms info comes through again thanks queen!!!
Keep it up. Thank you for informing us it helps a lot. 🙏👍🙏
Thankyou so much, for all of your honest reality ! And all that your doing for everyone ! May God bless you with his off duty Sabbath days ! ❤😊
Thank you for your truthful facts. Enjoy your videos.
Thank you for the update
Thank you for telling us the truth. I am so sorry. That people criticize you for telling the truth. Unbelievable. So many people are like children in grown-up bodies. Very sad. God bless you. Thank you so much for all that you do for us truckers.
Great maps, thank you!
Love the info. Thanks!!
Thanks for sharing this information. Some people just can't handle the truth.
I keep watching you and other sources trying to learn if it's time that I could put my tractor back in business. Ronen, the guy in Canada, is saying much of same news you are sharing. Trucking is not healthy currently. I'm hoping to go to MATS (Mid-America Truck Show), later this month. Maybe I'll have something of good news to share with you. Meanwhile, thank you for your updates. There's no other free source offering the detailed yet brief useful information you offer. You go girl!!
I was loading yesterday and the truck next to me getting loaded was inactive both federal and Texas dmv #’s. This hurts us because they are not paying all the stuff we have to pay. So this means they can haul the load cheaper then me. Also here in Texas we are having a bunch of people who don’t have the right to work in the states driving semi’s. I know that dot did a blitz on one rock pit the other day and towed off 71 trucks. This is a start but we have a long way to go. Sorry I just needed to vent. Have a blessed day everyone
I live in Texas that’s freaking crazy 71 trucks!
There are even carriers that dont have insurance and still operating with b1 drivers as well
Be aware my stepdad drove in 1985 for $1.50 per mile diesel was .60 cents per gallon, breakfast was 1.99 . Get mad! Get angry! Brokers are asking you to give away your life for 1985 wages. You are dog ship if you take these rates!
Agreed
ALWAYS tells the TRUTH! ❤👊
Thanks for update
Welcome 🙏
Thanks greatly job
Welcome ❤
Cold is good. No APU needed. I don’t go south of I70 or west of I-29.
Thank you.
Thank you
We're still at the top of the roller coasters first hill.
Great video.
Keep in mind that the new contracting law starts March 11th. I do anticipate more new carrier authorities rising due to the transition. I also see a rise in the need for independent dispatchers due to the new law. If the tender rejection rates increase while the carrier population steadily increases, this would be a sign of the new law settling in. The 1st set of carriers that will be sued are all the carriers from IL for sure.
Thanks for the info! I
What i dont understand is how "good" december and january was. Or should i say?Normal. Now im struggling to get 1.60 per mile loads. How did this come along so suddenly?
Facts. Midwest rates dropped .50 cents from 860 mile loads for $2,300 are now going for $1,600 tragic. My last month in the game.
@@businessanalystsworldwide9639 bro. If I get 2 per mile I'm happy in today's market. How am I getting such low rates?
Idiots driving for scraps that’s how. My trucks been parked all month IDGAF lmao 😂
When you're delivering bad news but can't help but to smile. Can't teach that kind of natural charisma..
Thanks 😊🙏
Transitioning away from the fracking industry presents a formidable challenge, particularly in the context of current economic conditions. The persistent concern over fuel efficiency, as exemplified by my DD15's yield of 5.5 miles per gallon, exacerbates this situation. My longing for the open road and the broader opportunities it offers is palpable, yet the general freight market does not seem to offer a reprieve. This juxtaposition of desire and practical constraints creates a poignant dilemma, where the yearning to pivot to a more fulfilling path is met with the harsh realities of financial viability. In essence, it's a journey fraught with complexities, mirroring the intricate and often unforgiving landscape of modern transportation and industry.
In 2024, don't set new year financial goals without consulting a financial adviser. There expertise ensure a solid plan for success. Building wealth involves developing good habits like regular putting money away in intervals for solid investments.
Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well diversified portfolio, that has experienced exponential growth. It is not about having money to invest in stocks,but also you need to be knowledgeable, persistent, and have strong hands to back it up.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. who is the driving force behind your success?.
Marie Ann Treloar.
She’s the license coach I use.
Hi mam, Nice information about freight market.
Reality Please... keep doing what u r doing!!
Good morning. Ive always wondered: when u give the average rates/mile, you always mention that this average includes short haul rates which drive up the result... this led me to believe that you're referring to the mean - the total rates/mile divided by the number of rates; although, I don't think that's what carriers are after when they think in terms of average rate/mile because the number of miles for which the rate is high is so few. So the question is, is there a way to calculate total dollars per total loaded miles, let's say per day, and find the middle number? Would that result even be what carriers are looking for when they ask about the average rate per mile? Thanks
Last week wasn’t great for me. I actually got home early on Friday contrary to the norm. This week has been great but they are sending towards home today. It makes me fear I may get sent home early this week. Fingers crossed!
Roughly 140 more carriers could all be fruad double brokers. Fraud has rune so rampant and mcs are being blacklisted at about 10 mcs per day! Perd day!
It's starting to get busy for me. I haul ice cream.🍨 I wish you all success! 👍💯
How you get into that brother?
@@Thebestthatdidit__ I've been working with this broker for 6 years so my best advice to you if you want to haul ice cream, you need to find a broker that moves ice cream. Or do what I did and get your brokerage authority and hire the broker to work for you.
@@Thebestthatdidit__he’s talking about the ice cream trucks that go through neighborhoods
I’ve noticed out here in Houston it’s been a jump in loads most loads are cheap and aren’t moving TQL has been blowing me up nobody out here is really taking their freight it’s simple only take what’s profitable guys post your truck and let them call you out of desperation you’ll see they need your truck and you’ll get the rate you want
Running tql out of business should be top priority for owner ops if we want to better the industry. I rather deadhead than carry for them
Great 👍
I think it's the companies that go our and come back different name. Break it off in the bank thru bankruptcy but you sold the good equipment 1st to the "new" carrier. New means cousin or associate
Ok this week price are down to McDonald's rate fuel up load boards are up in fright volume??? Uber load boards up to 750 loads posted cheap fright price 30 miles $185 for 7 hours your equipment worth more then that ???
With the fuel cost, Cargo insurance, Physical Insurance, NTI (Bob tail), maintenance, Factoring percentage, UCR, Tolls, taxes (Well, repairs can be paid by credit if one has available credit), ETC... I'm scratching my head bald how Carriers are booking cheap paying loads. I have plenty insight to this problem which I won't comment. The regulations in this business is a bulldozer money maker for some while we sweat and work our selves too hard to make a decent living. Trying to have patience for this industry to correct is horrendously difficult.
You are ❤
Seems to me that the authority spike is perhaps people trying to pocket a little more of what they run by going it on their own. If you have never done it before you have no idea how complex it can be. Also new carriers will not affect capacity as much as one would think for the simple reason brokers will be very reluctant to use new carriers in this market. Just my thoughts.
What about Box Trucks 24'-26'
So insane
I mean this week has to be toughest and longest in a while
Where do you get this data from?
The increase is probably people leaving lease operations and getting their own authority to keep working? AB5
Good information! What is your name?
It was a looooong week 😅
Miranda Miranda it's increasing trust me !!!!! I,m dam near dead!!! I,m tired of hearing my phone ring!!!!!😱😝😀
Miranda❤️❤️❤️❤️❤️❤️❤️❤️
The increase in carriers is probably due to the concerns over possible new (AB5 thingy) law
Half of the capacity increase is probably double brokers
Mind-blowing how people still getting into this business right now. It's not a good time at all to get into trucking. Life savings just going down the drain. Trump2024!! 🙏❤
Thanks for the update Miranda.
What’s trump gonna do in 4 years besides file Bankruptcy? I wonder who’s gonna pay for all his Debts? 🤔
God give us all strength and perseverance to go through this challenges. I lost 17k just in February with 5 trucks
Amazing capacity increased. Doesn't make sense. How?
The truth is always better
Thank You for the truth! Unfortunately I'm too old for fairy tales!
Im sorry but for 2 years been stressing. Im out of this business.
Hola, Miranda
Hola, Miranda do you have a trucking software you can recommend 😉?
thanks for what u do. trump 24 I'm only a million mile trucker retired but I'm optimistic it can come back together fuel is fuel Aviation pill for GENERAL is seven dollars a gallon diesel fuel four dollars or more country won't run on that Trump 24. i'm also a private pilot just for fun started in 1987 I have $1700 and they stood that up too I'm thinking about selling my varieze. Your gonna learn mam from old truckers. They've seen the good times and it tumble an fall.
Authorities added ? Was someone giving trucks away for free ?
Hi
❤
👍
Keep telling the truth and don’t worry about the naysayers
The increase in authorities is because of employee/contractor thing floating around.
I have brokers hanging up on me for asking for 2.50 a miles. They are posting loads for $1.00-$1.75 which is insane. Then try to tell you they can’t budge. This is for flatbed 45k pounds and tarped. I laughed at one guy because he gave me a rate that wouldn’t even cover my fuel. I’m new to flatbed and I’ll take any advise if anyone can help me.
Cap is increasing indeed but rates arent please dont book cheap loads fuel is going up aswell
Yah owners who been freezing their authorities to save on insurance while on winter holidays, now coming back reinstating their authorities.
Nobody is ever talking about tankers
No afternoon coffee?
Afternoons are for Diet Coke 😅
What to do if broker gives you review on carrier411. Do this really matters ?
It can yes
It can make a huge impact! Brokers who are especially dishonest and inappropriate in this business use this as a weapon tool to discredit
If shipping and receiving was held responsible for cancelling of loads the game would change basically so if you held me to long and I had cancel my load you pay me before I leave your dock if brokers was on paid one hundred dollars per load they received from shipper's the game would change if dot was charged a percentage bask to the driver for being held up at the scale the game would change the folk's the sit in the corporate office had experience sleeping on the side of the highway or end of the exit ramp or the back roads or using the bathroom in the weirdest places or nasty food places the game would change to many people make the rules but never experience the trucking game
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Ramadan starts on Monday most likely so most of us Muslim drivers won’t be driving or driving a lot less for the next month… that might see a tick up in rates for the rest of you
Girl, your the hot librarian type.
I guess people can not take reality.
Even the banks can’t take THE REALITY…not even the fuel pumps or food stores
You are just one cute 🥧
Old, retired truckers going back to work because their retirement income is not keeping up with inflation?
These numbers are not accurate but interesting trends.
All these foreigners and foreign companies need to be stopped
Thank you
👍