The problem is brokers; get rid of Brokers. Shippers depend on brokers because if a truck breaks down during delivery, a broker has access to other carriers to recover the load. WHAT WE NEED IS A WAY FOR CARRIERS TO COMMUNICATE WITH WITH EACH OTHER TO RECOVER LOADS. The shippers are unaware that it's the carrier's insurance that cover the loads and not the broker's insurance. GET RID OF BROKERS AND RATES WILL GO BACK TO NORMAL.
Great video and analysis. I believe that freight rates will stay low for a few more years and / or they may never go the heights we saw during the cough cough years. Although inflation and interest rates are super high. You would think freight rates for the single or small owner operators would be higher... but they aren't. And those same operators are quitting and working for someone else. Because they can make the same amount of money working for a Walmart without any skin in the game. So ultimately, you have to wonder how bad this is for small mom & and pop markets paying very high freight rates for the few that do it.
A lot of what you say is true. But to assume these companies spent all of that $39 billion on their operations is absurd. There’s no way in hell these companies didn’t figure out a way to funnel those funds into other business ventures, or outright pocket some of that money. Good video but, Let’s not be naive Bro.
I Can resonate a lot with this comment. Received over 500k in funds during Covid years, unfortunately large majority fell into ops… yes it was a bad gamble
@@amrllc410 I don't know if you are employed in trucking industry but what he prolly meant is that the current rates are so bad now that it's not worth it.
@slbdnkrmpc9951 I am a own operator and the rates are not bad at all compared to 22" and 23". So actually they are co.img back slowly but surely. Only but so long covid money gonna keep the other companies afloat.
JB Hunt, BNSF and last mile division. Watch the trains passing you up on the highway. FMCSA allocating additional funds to continue to upgrade and eliminate all bottlenecks on the rail. Market is constantly being flooded with new drivers (illegal and foreign). Took a load from Boston to California and every truck that passed me or that I passed, the driver had on a pagri. I could have sworn I was driving in India. Holiday’s, natural disasters, etc are having zero effect on rates. Expected outlook on rates increase…Next Pandemic.
No I’ve been getting good rates some brokers are just greedy and before I spin my wheels I’ll leave my truck parked I do my own dispatching and I like to negotiate on most loads I book but some of these rates be so good I don’t even ask for more money and I’m talking about when I’m get over $4 per mile and I don’t like to move my truck for less than $3 per mile unless it’s a backhaul where I can cover my fuel for the entire trip but I always ask for more unless I feel like it’s already a great rate
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The problem is brokers; get rid of Brokers. Shippers depend on brokers because if a truck breaks down during delivery, a broker has access to other carriers to recover the load. WHAT WE NEED IS A WAY FOR CARRIERS TO COMMUNICATE WITH WITH EACH OTHER TO RECOVER LOADS.
The shippers are unaware that it's the carrier's insurance that cover the loads and not the broker's insurance.
GET RID OF BROKERS AND RATES WILL GO BACK TO NORMAL.
Thank you Brandon
Great video and analysis.
I believe that freight rates will stay low for a few more years and / or they may never go the heights we saw during the cough cough years. Although inflation and interest rates are super high. You would think freight rates for the single or small owner operators would be higher... but they aren't. And those same operators are quitting and working for someone else. Because they can make the same amount of money working for a Walmart without any skin in the game.
So ultimately, you have to wonder how bad this is for small mom & and pop markets paying very high freight rates for the few that do it.
Great news Brandon
A lot of what you say is true. But to assume these companies spent all of that $39 billion on their operations is absurd.
There’s no way in hell these companies didn’t figure out a way to funnel those funds into other business ventures, or outright pocket some of that money.
Good video but, Let’s not be naive Bro.
I Can resonate a lot with this comment. Received over 500k in funds during Covid years, unfortunately large majority fell into ops… yes it was a bad gamble
we are about 2 years before we get out of this.... I think it gets much much worse in 2025
Looks like you just read Freightwaves news. This article is from today
Trucking is dead !! Go to school , and get a trade certificate
How could trucking be dead if 70% what's in our house's come off a truck. Makes no sense.
@@amrllc410 you're not getting it bro lol
@@slbdnkrmpc9951 no your not.
@@amrllc410 I don't know if you are employed in trucking industry but what he prolly meant is that the current rates are so bad now that it's not worth it.
@slbdnkrmpc9951 I am a own operator and the rates are not bad at all compared to 22" and 23". So actually they are co.img back slowly but surely. Only but so long covid money gonna keep the other companies afloat.
JB Hunt, BNSF and last mile division. Watch the trains passing you up on the highway. FMCSA allocating additional funds to continue to upgrade and eliminate all bottlenecks on the rail. Market is constantly being flooded with new drivers (illegal and foreign). Took a load from Boston to California and every truck that passed me or that I passed, the driver had on a pagri. I could have sworn I was driving in India. Holiday’s, natural disasters, etc are having zero effect on rates. Expected outlook on rates increase…Next Pandemic.
Yellow trucking went bankrupt. I know you said its a good thing but people are losing their pension
No I’ve been getting good rates some brokers are just greedy and before I spin my wheels I’ll leave my truck parked I do my own dispatching and I like to negotiate on most loads I book but some of these rates be so good I don’t even ask for more money and I’m talking about when I’m get over $4 per mile and I don’t like to move my truck for less than $3 per mile unless it’s a backhaul where I can cover my fuel for the entire trip but I always ask for more unless I feel like it’s already a great rate
1 more year Brandon
I'm getting good fuel and consistent rates...
There is no full recovery coming. Regulaion and the new technology will suplant the loans being offered.
Please I have broker not payment