Without knowing more, I would say that Miranda’s analysis is excellent but the X factor in all of this is the still ultra high level of capacity in the trucking market. Consumer demand will always influence spot market pricing, but I think until the capacity problem sorts itself out over the next year or two there’s still going to be a real problem With rates per mile being low in many regions of the country simply because shippers and brokers have become well educated that they can always find trucks to move freight at low rates, and until there is a progressive washout of over capacity through bankruptcies and carriers, simply leaving the business for other occupations these market variations may be less influential with the capacity problem being the most profound issue affecting spot market pricing for the next year or more
Hello from Arizona, I believe that something has to give and it’s just a matter of time when things will start picking up. It can’t stay like this forever, chaos will start happening. We are all drained and expect miracles each and every day. I do believe that there will be a slight peak season. I can’t help but to stay positive and hope for the best. Afterall, that’s all we can do folks. Say no to cheap freight and wait for our time to come. Stay strong everyone! 💪
i already started to feel the rates increasing lately , especially in the north east , i could book a load from MD to TX for 2$ rpm today for a dry van , hopefully it will get more better
I am feeling myself as I am back to university and listening to my professor again. Can you be more simple, and not talking as a teacher 😢😢 Kidding! You are a georgeus!
Miranda, Excellent presentation. My experience in peak season... Its everyday. I hustle and trained my fleet manager and planners that the slow season is for the slow drivers. Everyone wants to make excuses and find reasons not to work hard. I am not an owner operator. Yet, I am a professional and drive when i want to sleep. The 9 to 5 drivers may have deep pockets like race car drivers. They may drive just for something to do. 5 decades haven't changed the advice a 4 million miler gave me in 1984. Keep the door closed and the truck moving.
There hasn't really been one since the 2008 recession, it's never been the same ever since. All the distribution centers are not moving any merchandise, this year is going to be brutal.
I AGREE!!! There are SO many factors that people don't take in. For example : What is happening with China. And that what happens around the world affects us too. Fuel prices are going to keep rising. The more debt people have the less they will spend and consume. And all this stealing going on isn't helping any. Don't forget the 10 million illegals that have come here. We are in BIG trouble.
A recurring market theme I've been hearing from other economic channels is that distribution centers are selling off inventories and not replenishing stock. Granted, many of those companies were trying to show a positive quarterly earnings report for shareholders. At some point, they have to buy products and sell something or the company dies.
In my humble and slightly-educated opinion, interest rate hikes and other measures to curb consumer spending, such as higher fuel prices, were necessary steps to prevent an inflationary crisis and greater economic hardships. The feds have actually done a pretty good job popping the inflationary bubble and I believe the economy will recover more sooner than later, but I certainly don't have a crystal ball and I can't see into the future lol. I think we just need to stay positive and keep working hard until that times comes. It always does and it will again. Stay blessed everyone.
Regardless of the peak season; I have to put my truck back on the road. Since AB-5 went into effect in CA. It's been parked since September 2022. I'm in the process of moving out of CA. and getting my licence in NV. I'm making one step at a time and hope all goes well.
Not seeing it yet in LTL despite the Yellow closure. We are steady but not busy. City P&D is going 6 days a week and short line haul. Cross country lanes still steady but mainly hauled by contractors.
Great job as usual. To me it seems there will be no peak season. And I'm just looking at people I know, friends and family. We're already looking at ways to cheapen Christmas
No one can say you don’t do your research, my goodness. Seems reasonable that a soft increase in consumer spending is most likely given persisting, interest rates, etc. I cannot imagine someone wanting to enter trucking right now thinking this is the time to jump. Expect that capacity will continue to slowly decline until there is a real boom in rates possibly next year.
I'm stopping my trucks from rolling as I cannot continue to pay 4k out of pocket per truck each month. And my trucks are paid off I dunno how carriers or OO with payments are surviving
I haul a lot of automotive stuff as You like to say!!!! and many of the warehouses, I go to, are slow they,er moving ,but they are not that busy I,m getting unload with hardly any wait time!!!! sorry Miranda but that how it is in the Midwest!!!!
Ive personally seen rates going up a bit so there is some hope. Plus, people will spend for the holiday season coming up. Ive got all eyes on that Mexico protest tomorrow thats supposed to have up to 300k trucks involved. I hope it's true.
@xxthehuskycaboosexx the technology is already here and capable of being retrofitted and applied to automatic semi trucks. It's like big Pharma with a new drug, the money that it will make for shareholders will pressure it's support from congress. And just like with big Pharma they cover up the accidents and deaths while they rake in the profits
Hi Miranda ,its been awhile. I hope all this changes ,throughout the industry. But I don't believe things are going to change until America, is out out the current war . The billions going overseas and to prior obligations that the U.S ,has already made will continue to drive down the dollar ,as prices soar ,leaving less for the average household to have spend . Trucking companies are still shutting down left and right and with the amount of freight being brokered through overseas brokers, that money isn't going to fuel the U.S economy . Leaving much of that " extra money " 😅 and low shipping rate being almost still at a all time low, still leaves a large gap in the supply and demand chain ( Truck drivers and trucking company) employees feeding the consumer paying process . 4million drivers and support staff ( planners, dispatchers, maintenance dept) . So I agree with what your saying. Best wish . Signed ,Looking for a better driver position, 😁
With those cheap and not smart carriers I don't think something will change because they are taking all loads almost for free!🤦♂️ so what we need to do is block them all somehow from load bords🤣👌
Hi Miranda I wanted to know maybe you have an idea about a letter my friend receive from the FMCSA asking for an appeal letter since his Mc has being rejected due to having same address as his brothers company.
@@TRANSPORTKING1988 yes we did change the address, we submit the new boc3 and we did an amendment on the sos but I wasn’t sure about how to do the appeal, but thank you you just helped me a lot, something simple explaining everything
I got my CDL in 2019 but never used it and really forgot a lot of the stuff. I’m currently in the insurance industry, do you think it’s a good idea to leave for a company to get my training paid through the company? Thank you and great information!🙏
Great analysis, i believe this political turmoil is keep us all from overspending. Im afraid we won't see a rate change u til after presidential election
Possibly. Peak season is usually an opportunity to make money- maybe if carriers see that even during this time the market is not improving, they will leave because historically, after peak and holiday comes the dead season starting Jan 15-20 where there is nothing to be made
I’ve been averaging close to 2 bucks a mile, and honestly it hasn’t been too bad. However what’s killing me is the fuel going up, hopefully we catch a break from that😵💫
Do a little math. Truck payments, insurance, fuel vs current rates... then see if you can still afford to pay your home bills. This will answer your question better than anybody on the internet
I am ready to jump on board on peak season, probably the rates will be worse than now because higher amounts of truckers will do the same , they will take any load regardless profit or not like a bunch of monkeys attacking a banana tree.
To make it quick without Deepak analysis BS. Fed reserve said. Rate interests needs to go up = no consumers would buy more stuff = same rates maybe worse. You are welcome. But she is hot anyway😊
Actually, it is what is keeping us going. China is losing hundreds if not thousands of manufacturing companies who are repatriating to their home countries, especially to the USA. The 2021-22 Chips Act, Infrastructure Act, etc are accelerating a current U.S. manufacturing company investment boom. Also foreign companies are building here to replace their Chinese plants. New plants are being planned and built all over the country. This planning and construction takes time. It is happening tho. Search google “US manufacturing investment”.
Only God no what's going to happen to the next day Miranda.But thanks you keep ar spirit high
Without knowing more, I would say that Miranda’s analysis is excellent but the X factor in all of this is the still ultra high level of capacity in the trucking market. Consumer demand will always influence spot market pricing, but I think until the capacity problem sorts itself out over the next year or two there’s still going to be a real problem With rates per mile being low in many regions of the country simply because shippers and brokers have become well educated that they can always find trucks to move freight at low rates, and until there is a progressive washout of over capacity through bankruptcies and carriers, simply leaving the business for other occupations these market variations may be less influential with the capacity problem being the most profound issue affecting spot market pricing for the next year or more
This is so true. Hope this peak season biddings will help us to survive...
Hello from Arizona, I believe that something has to give and it’s just a matter of time when things will start picking up. It can’t stay like this forever, chaos will start happening. We are all drained and expect miracles each and every day. I do believe that there will be a slight peak season. I can’t help but to stay positive and hope for the best. Afterall, that’s all we can do folks. Say no to cheap freight and wait for our time to come. Stay strong everyone! 💪
Yes that something that has to give is you park your truck or sell it for cheap an just stay out the way be usefull.
@@AngelSanchez-dw4gs You first..
@@finaltrump9179 I allready have been park since februay no sense on working for free so that the Oligarchy became richer an i became poorer.
@@AngelSanchez-dw4gs But you are still on trucking videos, lecruring others 😅
i already started to feel the rates increasing lately , especially in the north east , i could book a load from MD to TX for 2$ rpm today for a dry van , hopefully it will get more better
I am feeling myself as I am back to university and listening to my professor again. Can you be more simple, and not talking as a teacher 😢😢
Kidding! You are a georgeus!
Miranda,
Excellent presentation.
My experience in peak season...
Its everyday. I hustle and trained my fleet manager and planners that the slow season is for the slow drivers.
Everyone wants to make excuses and find reasons not to work hard.
I am not an owner operator.
Yet, I am a professional and drive when i want to sleep.
The 9 to 5 drivers may have deep pockets like race car drivers. They may drive just for something to do.
5 decades haven't changed the advice a 4 million miler gave me in 1984.
Keep the door closed and the truck moving.
There hasn't really been one since the 2008 recession, it's never been the same ever since. All the distribution centers are not moving any merchandise, this year is going to be brutal.
I AGREE!!! There are SO many factors that people don't take in. For example : What is happening with China. And that what happens around the world affects us too. Fuel prices are going to keep rising. The more debt people have the less they will spend and consume. And all this stealing going on isn't helping any. Don't forget the 10 million illegals that have come here. We are in BIG trouble.
Why would anybody go to a distribución center also known as shitholes why.
A recurring market theme I've been hearing from other economic channels is that distribution centers are selling off inventories and not replenishing stock. Granted, many of those companies were trying to show a positive quarterly earnings report for shareholders. At some point, they have to buy products and sell something or the company dies.
In my humble and slightly-educated opinion, interest rate hikes and other measures to curb consumer spending, such as higher fuel prices, were necessary steps to prevent an inflationary crisis and greater economic hardships. The feds have actually done a pretty good job popping the inflationary bubble and I believe the economy will recover more sooner than later, but I certainly don't have a crystal ball and I can't see into the future lol. I think we just need to stay positive and keep working hard until that times comes. It always does and it will again. Stay blessed everyone.
Hello from N.Carolina. Great video Miranda, Stay Blessed.
you r good ma'am. I'm surviving as a self-employed with one truck and trailer and my authority n dispatch. fingers crossed for a better season. thk u
Regardless of the peak season; I have to put my truck back on the road. Since AB-5 went into effect in CA. It's been parked since September 2022. I'm in the process of moving out of CA. and getting my licence in NV. I'm making one step at a time and hope all goes well.
@@TRANSPORTKING1988california suckss period
Not seeing it yet in LTL despite the Yellow closure.
We are steady but not busy.
City P&D is going 6 days a week and short line haul.
Cross country lanes still steady but mainly hauled by contractors.
Great job as usual. To me it seems there will be no peak season. And I'm just looking at people I know, friends and family. We're already looking at ways to cheapen Christmas
Aluminum coils going to canning operations is my niche. Going strong. Stick to the fundamentals. People gotta eat.
No one can say you don’t do your research, my goodness. Seems reasonable that a soft increase in consumer spending is most likely given persisting, interest rates, etc. I cannot imagine someone wanting to enter trucking right now thinking this is the time to jump. Expect that capacity will continue to slowly decline until there is a real boom in rates possibly next year.
I missed a few videos but I will catch up...loves and thanks Miranda ❤❤❤
I'm stopping my trucks from rolling as I cannot continue to pay 4k out of pocket per truck each month. And my trucks are paid off I dunno how carriers or OO with payments are surviving
Wow
It’s not worth it anymore.. unfortunately.. I’ve been parked since last week of April.. it really does suck!! Good luck to you
I'm seeing a lil more seasonal movement in AG. ...So hopefully we all can make some green hauling finished product
You should take a look at the average credit card debt per household and how much it has increased
Hello Ms Miranda blessing I like your presentation your always honest
I haul a lot of automotive stuff as You like to say!!!! and many of the warehouses, I go to, are slow they,er moving ,but they are not that busy I,m getting unload with hardly any wait time!!!! sorry Miranda but that how it is in the Midwest!!!!
Ive personally seen rates going up a bit so there is some hope. Plus, people will spend for the holiday season coming up. Ive got all eyes on that Mexico protest tomorrow thats supposed to have up to 300k trucks involved. I hope it's true.
@@TRANSPORTKING1988 unfortunately they came to an agreement. Good for them. If only American truckers had the balls.
Interested in how govt. ramping up for Covid 2.0 will affect freight?
Thank you for in info Miranda! 👍
I think the industry will stay this way and this will usher in the automated trucks. It's by design
Automated trucks are not going to be a reality anytime soon lmaoo
I agree with you 💯. Automated trucks are real. Already moving freight close to DC’s. Then a driver comes in for the final mile delivery.
@xxthehuskycaboosexx the technology is already here and capable of being retrofitted and applied to automatic semi trucks. It's like big Pharma with a new drug, the money that it will make for shareholders will pressure it's support from congress. And just like with big Pharma they cover up the accidents and deaths while they rake in the profits
@@xxthehuskycaboosexxsooner than you think
Awesome informations ,thanks. Miranda......
Let's Go!
Love it!
Thank you!
So informatic and beautiful video
There will be no peak season.
Can you talk about cars one day we feel left out with all your wonderful information ijs thanks in advance
Nice information. Beautiful video❤
Hi Miranda ,its been awhile. I hope all this changes ,throughout the industry. But I don't believe things are going to change until America, is out out the current war . The billions going overseas and to prior obligations that the U.S ,has already made will continue to drive down the dollar ,as prices soar ,leaving less for the average household to have spend .
Trucking companies are still shutting down left and right and with the amount of freight being brokered through overseas brokers, that money isn't going to fuel the U.S economy . Leaving much of that " extra money " 😅 and low shipping rate being almost still at a all time low, still leaves a large gap in the supply and demand chain ( Truck drivers and trucking company) employees feeding the consumer paying process . 4million drivers and support staff ( planners, dispatchers, maintenance dept) . So I agree with what your saying.
Best wish .
Signed ,Looking for a better driver position, 😁
Always great information
36 months of recession
Get a company job if you can
The market doesn't support the wear on equipment
With those cheap and not smart carriers I don't think something will change because they are taking all loads almost for free!🤦♂️ so what we need to do is block them all somehow from load bords🤣👌
great insight, thanks!
Good Evening if your authority lasp will your time start over when you reinstate it
Good question- I would clarify with the FMCSA as I am not sure
Hi Miranda I wanted to know maybe you have an idea about a letter my friend receive from the FMCSA asking for an appeal letter since his Mc has being rejected due to having same address as his brothers company.
@@TRANSPORTKING1988 yes we did change the address, we submit the new boc3 and we did an amendment on the sos but I wasn’t sure about how to do the appeal, but thank you you just helped me a lot, something simple explaining everything
I got my CDL in 2019 but never used it and really forgot a lot of the stuff. I’m currently in the insurance industry, do you think it’s a good idea to leave for a company to get my training paid through the company? Thank you and great information!🙏
The industry is still crap on the freight market side but if there is a good offer to train and then work for a good carrier I’d say go for it
😂😂😂 can you possibly give me some kind of prediction on which company is next (to go under) ?
Taking bets on who’s next if anyone is interested ?!
Thanks!
Thank you for the support!
The only hope for a some really powerful hurricanes doing a lot of damage
Great analysis, i believe this political turmoil is keep us all from overspending. Im afraid we won't see a rate change u til after presidential election
Isn’t that the same thing that happened to produce season?
Yep
Freight Rate Deflation Doesn't Make Sense.
The people are losing their houses and their cars and can't be spending more money there will not be a peak season
Peak season will be it staying how it is 😅
Trash
My thought is... I have to leave this industry asap, just wait until self driving trucks enter the market massively! Let's say.. 2 , 3 years, maybe ?
Run every day while you can
how does that work exactly lose money?
nice. Lets go
Hi miranda I sent you an email but have not received a response…
Can you try to resend please?
Are you Armenian? Your accent sounds like a good friend of mine whose from Armenia.
Yes I am American, but I wasn't born here.
Don’t hold your breath for it or next year with elections
Hi all pls I need dispatchers down here in Maryland anyone that can help will be greatly appreciated
I wonder if there is no peak season would that further decrease capacity at a faster rate by eliminating carriers that are already on the fence?
Possibly. Peak season is usually an opportunity to make money- maybe if carriers see that even during this time the market is not improving, they will leave because historically, after peak and holiday comes the dead season starting Jan 15-20 where there is nothing to be made
I know FACTUALLY! Students aren’t going to pay nothing on their student loans.🤣🤣🤣
I’ve been averaging close to 2 bucks a mile, and honestly it hasn’t been too bad.
However what’s killing me is the fuel going up, hopefully we catch a break from that😵💫
That’s terrible man… count your blessing if you don’t get wiped out with fuel going up
@@HA-nx5qn what a terrible thing to say to another person.
Is it wise to buy a truck this time, and what is your recommendation
No
Do a little math. Truck payments, insurance, fuel vs current rates... then see if you can still afford to pay your home bills. This will answer your question better than anybody on the internet
Big fat no
Yes buy as many as you can now is the time to buy since a lot people are going out business .
I am ready to jump on board on peak season, probably the rates will be worse than now because higher amounts of truckers will do the same , they will take any load regardless profit or not like a bunch of monkeys attacking a banana tree.
Hi
❤
To make it quick without Deepak analysis BS. Fed reserve said. Rate interests needs to go up = no consumers would buy more stuff = same rates maybe worse. You are welcome. But she is hot anyway😊
What a comment.
GOTTA LOVE BIDENNOMICS!!! I KNOW CHINA DOES!!!😂😂😂😂
Realistically, one driver calls it , bidumbonomicc , lol
Actually, it is what is keeping us going. China is losing hundreds if not thousands of manufacturing companies who are repatriating to their home countries, especially to the USA. The 2021-22 Chips Act, Infrastructure Act, etc are accelerating a current U.S. manufacturing company investment boom. Also foreign companies are building here to replace their Chinese plants. New plants are being planned and built all over the country. This planning and construction takes time. It is happening tho.
Search google “US manufacturing investment”.
why dont you get to the poinnt rather than going in circles most people here know what the peak season is
As I said in the video- this is an educational channel so I do have to explain what it is for those that might not know.
you people hire anyone who can say yes in english. you're ruining life for real drivers.
I find it very interesting how some people generalize millions of individuals into one category by simply saying "You people". 😂