Coyote Logistics Might Be Sold. 5% of the Broker Population GONE.
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- Опубликовано: 5 фев 2024
- No one is safe from the realities of the current freight market- no matter how big or small a BROKER or CARRIER is, there is always that possibility of going under. Cause? Overcapacity in the trucking market.
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Did some loads with Coyote years ago, however I had to cut them off temporarily when they owed me $20,000. They called me begging me to move another load, and I told them not until you wire the $20k into my account you owe me. Wadda ya know, within 1 hour $20,000 appeared in my checking account! They called me back wanting to know if we were good. I told them, no, because now I want 50% of this load advanced to me before I agree to pull it. Presto, more money appeared in my checking account. Goes to show you, when they truly need you, they can quickly shovel cash at you.
That is a good example that shows how essential carriers are.
Unfortunately most mfkrs don’t get it !
Been there man! Same experience!
Young truckers starting to realize why us old truckers aren't multi millionaires.
This is the number one trucking information channel on RUclips. Every person associated with trucking should subscribe.
Facts best info
Well it’s called Coyote, I can’t imagine they would be a good company with a name like that. Now “Donut Hauling Sex Pizza Logistics” is a group I can see myself working with!
😂😂😂😂😂 Yeap you Right!!!…and they ware CHEAP too on the rates &$@“%# all of them!!!
They offer low rates and detention after 5 hours.
You can always amend the contract
Coyotes sharp decline in revenue is due to JustTruckin bidding $20/mile on every load! 😂
😂😂😂
He's doing Door Dash now.
@ogdriver5334 hes not doing door dash hes doing better then u hahaha miserable bums 😂
@@ogdriver5334 His real job is RUclips. He just does the others so he has something to film! I'd imagine he makes 6 figures on here alone.
@@crookeddonald4761 Pimps his wife.
Yet coyote tries to constantly pay 1/2 of average rates. Where’s the $$ Going??
Thank you Miss M, for keeping us informed, Thank you..
Probably CH Robinson will buy Coyote. They both have offices near each other on the north side of Chicago. CH Robinson’s office building was just built by the river.
If everyone is losing , shutting down, and seeing declining profits, going bankrupt, who is making money? The brokers are closing and laying off. Trucking companies are closing. How much longer until the only ones left are the mega carriers????
Idk but our population is growing daily and most loads are essential to the country so how does it make any sense to say the only way for the loads to pay is if brokers cant find any drivers anymore, thats not business and hiw the transportation industry works because warehouses are supposed to have a certain amount of supplies incase something catastrophic goes wrong or just has supplies so they dont need a shipment so frequently. Ive been out here and see how thungs are that capacity talk makes no sense to me
Love the show.
I don't think is going to be part of UPS but very sure like other companies can be a part of T-force division
Great news !
FMCSA authority statistics suggest same 5% loss of carrier population as of end of 2023.
Hey, please make a video for the updated market conditions for a Dry van and all.
Needs to know which market paying good and is hot.
😊
Don’t go by the market, figure out your cost and charge them, if you go by the markets you go out of business in a week
So what is your recommendation?
No surprise to me, lots of my favorite agents from large brokerages are getting let go. If your agents aren't emailing you back they may no longer be employed by the brokerage anymore.
I can’t believe the rate brokers are paying from the south east atlanta area
3200 and 2900 to California
Guys don’t come this way, go to the best paying states
Yeah it’s bad here az 4500 to New Hampshire is crazy
Which is the best paying states 😂😅😢😭
Only short runs (under 1000 miles) are paying over 2$ a mile.
How do you see dispatch servicess business in the future? My second question is that US Govt. is not looking for this decline and shutting down of Trucking and brokerage companies ?
I have never haul from them they can go less brokers to deal with
One of the worst brokerages out there period.
TQL is the worst
thats not a lie either its like 1A &1B @@chrisbelsito4231
You got that exactly right!! I refuse to haul anything for them!! I wish they would go out of business!!!
Im waiting for your response when you will upload that video of updated market condition, without your video we are blind
Standard corporate response to falling revenues, even though they would have been able to forecast that without much trouble. Now that the record profits for corporations are slimming down, they're doing the typical divestiture of resources. Even somewhat profitable ventures will be cut loose if HQ thinks it will make their bottom line look better to investors.
JB, Schneider, and Knight-Swift are doing fine.
@@ogdriver5334 The last few years were unprecedented, and it created market situations we'd never really dealt with before, but the fundamentals of sound business never changed. If they didn't over expand, destroy their customer relationships in the contract market by being too greedy, or have the misfortune of their major customers going bankrupt, there's no reason they shouldn't be doing OK. Being huge and having fat reserves kind of helps, too.
Good morning Miranda
I worked with greatwide earlier last year and my dispatcher insisted on using coyote. I found out the load she booked paid 950, I ran it for 600 after greatwide took their 25%. Told her about it and she was pissed but the very next load was coyote. Screw them! Glad I got out of that situation. Imagine an owner operator making less than company drivers. Unsustainable
Were you running local? I’m asking bc local run aren’t paying no where near that! Heck I’m lucky to make 800 a day local and that’s with 2 loads a day
@@jermaineroach976 could’ve been local for the area but I’m strictly otr
I was having good experiences with them but now will be careful to work with them.
Hey, Miranda please make a video for updated market conditions for Dry van which market is hot now?
Every thursday!
Good information thank you so much mam❤❤❤
Coyote was a reliable and dependable brokerage for a long time. Not sure what happened?
However, I feel like it’s the inexperience O/Os that drove the rates down to next to nothing. I mean if nobody’s hauling bad freight the rates go up, but somebody out here is! So here we are. Leaving experienced O/Os out on a island by themselves then eventually into bankruptcy. 😢
If you are a broker, how are you going to compete with JB?
They Suck if we book a PU load they pay $1.20 When we wanna Send out a Load its $3.20 👎
Hello Miranda 👋
Election year, a disaster of government and a dead economy. . Going to be a rough road, remember to vote against more of this disaster we currently are living in!
Gm Ms.M.
What would be the reason for TQL saying they won’t set up permanently with a carrier that has over 8 months with no bad record?
Under 8 mths?
The only reason I can think of is why choose you when there’s people with years of experience? Experience doesn’t just refer to driving but doing business in general. Not sure, it’s just a guess.
They did you a favor, stay away from those thieves. The only reason they told you that ,because of too much capacity. Every broker can be picky.
My question is not much of not taking my company but saying “permanently” is the question. If they said for a certain period of time it’s understandable
First problem is calling TQL, they did you a huge favor as a new business by making sure you won’t run their cheap freight
Way to go you union brother's we got a great contract to bad no ups has to start sell off smaller companies talk about f-in brothers.
Miranda ❤️
1st!
1,000,000, 000th!!!!!!!!😂🤣😅😆🔊🔊🔊🔊🔊🔊
✅ *Promo sm*