The Trucking Industry is FINALLY Coming out of the Freight Recession
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- Опубликовано: 7 июл 2024
- The trucking industry is finally showing signs of recovery after a long and challenging freight recession. The Logistics Managers' Index (LMI), a key indicator of economic activity in the transportation and logistics sector, has reported that every metric it tracks is now positive for the first time since September 2019. This indicates that the industry is expanding across the board, with particularly strong growth in transportation, inventory, and warehousing.
The LMI is a valuable tool for identifying emerging trends and performance benchmarking in the trucking industry. Its findings suggest that the industry is on the upswing, with businesses reporting increased activity and optimism. This is good news for the trucking industry and the broader economy, as it signals increased demand for goods and services and a more efficient flow of products throughout the supply chain.
In this video, we will analyze the LMI's findings in more detail and discuss what this means for the trucking industry and the economy as a whole. We will also explore the factors driving this resurgence and provide insights into how businesses can capitalize on this positive momentum.
#FreightRecessionRecovery #TruckingIndustryRebounds #LMIReportsExpansion
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😂😂😂 out of freight resesion 😂😂😂that is why rates are very high 😂😂😂😂 men we are going down hill until 2025
Come on now you know things ain't going to flip overnight it's a slow progression... the rates did not drop in one day... it was months of micro adjustments and slow price drops, so it's going to be the same going up....
The only way to come out of this low pay freight is…. Not hauling cheap freight
Brokers will still try to pay you low cheap freight regardless
So please start asking for more money
Do not haul cheap freight
And for people like me that stopped driving, the attitude from back office and administration putting more work on drivers ( company).
Say no to cheap freight, we need to be together
SMH. CPM is down .30cents than this time last year. More layoffs are expected to happen until mid June. So I don’t think we’re coming out of the bottom yet.
no schit, the freight recession is going into a freight depression. Don't know where this guy is at . He isn't on this planet.
Right lol office people thinks everything on a piece of paper is realistic to the world all those stats are faked by those companies and all they want is free labor and office workers like brokers will burn down trucking till nothing is left 😂😂😅
Rewatching this video in May 2024 and the struggle continues. Currently sitting for 3 days due to low freight volumes on Memorial Day weekend
Great video as usual, and Thank you for encouraging truckers bringing the facts
Thank you, I appreciate that.
The world is not what it seems like a man who works off the books for 100k and only report he makes 20k per year will look a different way on paper than in real life. I think the industry will be terrible maybe until june or when truckers are tired and realize the power they hold and know their worth like how a engineer does.
I still see horrible rates not going up at all couple weeks ago i got a couple good loads but I believe it was because of the brutal cold and snow nobody wanted to run but i did
Yes,rates did go up during those 2 weeks when we had rhe snowstorm in the midwest.
What pipe are you smoking. Rates dows, no loads, diesel is up, trucks overcapacity everywhere.
😂😂😂 what pipe are you smoking had me
This is what is called a cheerleaders, cheerleaders. Hype man. And whatever else. Creator please like my comment. Thanks in advance.
Just wondering, do you guys drive through Grand Junction often? (load Bloomington to Aurora (08:45) And a little error in calculations here (14:12) It's $2.74 per mile not $6.75.
Thanks for the video!
If we were to all unite and not accept any cheap freight i belive there would be a huge change ,truckers are the key to all delivery so lets unite.
2 months later and rates have went even lower.. This video didn't age well
❤
Them 1 day loads with some negotiation in the Midwest be the ones. Plus, fuel is cheapest in those areas
And it's nice and flat, although it is windy.
😅the issue with them is they want you to deliver next day. I also don't agree with moving your truck for less than $1k
We hope brother! Praying for it . Got you call brother, I was on vocation. Will contact you back soon
Sounds great sir and thank you for stopping by. I hope the vacay served you good and you're ready to hit the road once again.
Shouldn't the gross revenue be divided by total miles? Loaded miles only tells part of the story. It makes the numbers look better, but is also not as useful as far as information goes.
What's up i don't see loads going to the northeast what flatbed rates are you getting going to the northeast that's were the money is I'm company driver pulling flatbed i go there all the time doesn't bother me a bit those northeast loads pay very well. I think your doing a good job peace
I'll believe it when I see it.
Great video. I would love to come back
There you are. I was just thinking of you a little while back. Good to see your name pop up in the comments. Call me or Kevin and we'll figure something out. Are you back in the States?
@@AFTDispatch yea I Ben back since July Good to hear from you. I’m with a company called real trucking. What I hate is that i have to stay in the north east. It’s a 1099 company driver job.
@@AFTDispatch I’ll call you Monday or tomorrow if your available. I think I still got your number. But send it to me again
In Houston. Trucks are not running like before. Customers are paying at their lowest rates ever. While local companies are offering these rates just to get work. Causing driver pay to plummet. Parts for repairs on trucks are extremely expensive. I don't see the industry recovering as of yet. Drivers are fed up as well as logistic companies.
It's definitely tough and quite prolonged unfortunately. Yes, rates are down, carriers are closing their doors, and company drivers are seeing pay cuts. If things don't change for the better soon, we'll only see established companies with paid off equipment, low operating costs, and large companies which are self-insured and have fuel storage allowing them to dollar cost average with diesel prices. It's pretty rough right now.
I need a dispatcher who can get me loads at 2.50 a mile at least then I’ll believe we are out of the recession 😂
You have your own MC or leased on to a carrier?
@@TeamE1993 had my authority parked my Truck
Breaks my heart to keep seeing these boastings, mean nothing. Net is the only figure that matters. Otherwise, I can do $4100 in a FULL week in my cargo van. I cringe to imagine the overhead destroying your boasted weekly figures. For the sake of argument, let's just say a 3 year final net net figure. You're better off in a cargo van.
Nah son, we still in this for probably around 5-6 months
That's always a possibility. Could even be longer. Way too many factors in flux to be able to call it. Our Prez could choke on an ice cream cone and a hyena would come to power. That could change everything.
I disagree
Yea right... What we need is a United truckers Coalition period! But people or drivers have bills to pay so some will continue to take slimy degrading rates!
This perspective goes against every single other viewpoint In the industry of seriously involved in freight market analysis.
Nope we're not out of the woods yet. Probably 6 more months
Minute 14:17
$6.75 per mile think you made a mistake there
Think what u gonna get from destination to get out..maybe $ 1.30 per mile .one way okey return very very cheap.thank for news..
Why we need to know how much money your trucks make!!
Well it’s because not all truckers wants to drive thru snow ❄️ that’s why it’s a good pay
Until brokers go to jail for stealing then it will never get better
I do not understand how everybody else is struggling but they're making money? And please by no means am I trying to disrespect you in any type of way but I just find it hard to believe
Not coming back. Florida is still 89. Cents a mile
800, maybe 900/day after fuel is fantastic? If you call this fantastic no wonder business is the way it is!!!
Its april, 3 month later and this already is not aging well
As I said to another person in the comments of this very video..."Are you looking at the correct metrics? Take a look at January, February, and March LMI and tell me if you're still of the same opinion.". Look if you're not very good at negotiating, or planning, or reading data, let us help, otherwise you may find yourself saying the same things in another 3 months. Please let me know if we can be of assistance. (801) 448-6363
Bla bla blaster😂😂😂 boy leaves is fantady you tube world 🌎
All the loads u booked are at cheap do u even check dat average 😂
Nothing getting better in the trucking business other than brookers ripping off,and liars like this guy for subscribers.
Cyku
Aged like milk
Right😢
@@sardoryunusov company driver pay out there these days, we might as well just go drive for Uber
This has to be Clickbait lol
This dude wrong on so many levels
I’m calling BS
Sureeee 🤣
Actually is similar to 2019 …when Democrats truckers went to White House to protest the free labor freight….same now without any Democrats going to talk to the lunatic in White House 😂😂😂😂😂
This channel is what you call a click bait.... what a waste of time.
He must not be talking about the USA it's worse today than it was 2 months ago when he posted this BS.
Are you looking at the correct metrics? Take a look at January, February, and March LMI and tell me if you're still of the same opinion.
Yes I'm looking at the same metrics the rates are horrible out here today because carriers keep talking these cheap loads
YOU TALK TOO FAST
There is no freight recession. There is, however, abundance of stupid and uneducated company drivers though….
Bullshit!
Crap!
Well, there is opinion and then there are facts which are built on the very data that people refuse to read and analyze. Hence people often choose to simply call things they don't quite grasp, as crap, and move on to mindless entertainment.
@@AFTDispatch (Mid June) You were saying?
You dont have idea,what are you talking about,you never been driver