Trucking Capacity SHOCKER: Big Companies EXPECTED You to FAIL (But You Didn't!)
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- Опубликовано: 21 мар 2024
- The trucking industry is in for a MAJOR shakeup, and it has big companies sweating! Our friends at Deep Dive analyzed FMCSA data, and what they found is HUGE for trucking capacity.
Here's the bombshell: Big trucking companies EXPECTED a massive exodus of small carriers. They figured high costs, competition, and a tough market would drive you out. But guess what? They were WRONG!
Deep Dive's data (courtesy of David Taube) shows WEEKLY EXIT RATES HAVE BEEN FLAT FOR OVER A YEAR! That's 72 straight weeks of owner-operators and small trucking companies defying the odds.
This is a total game-changer for trucking capacity. Here's why:
More Resilient Truckers = More Capacity: You guys are sticking it out, which means more trucks on the road and potentially more stability in the market.
Peak Rates & Stimulus Might Be a Factor: Some say strong rates in 2022, stimulus checks, and lower fuel costs helped keep you afloat.
New Entrants Are Slowing Down: While exits haven't budged, new carrier applications seem to be dropping. This could tighten trucking capacity in the long run.
But wait, there's more! The data ALSO shows a significant increase in REVOCATIONS since 2020. This means some carriers are getting weeded out, potentially due to safety issues or compliance problems.
What does this all mean for YOU? Buckle up! The trucking landscape is shifting, and trucking capacity is a key player. This video dives deep into the data and explores what it means for owner-operators and small trucking companies like yours.
Is this the key to your success? Watch and find out!
P.S. Don't forget to like and subscribe for more trucking industry insights!
#TruckingCapacity #SmallTruckingWins #TruckingIndustryShakeup
Here's the link to the Trucking Dive story: www.truckingdive.com/news/fmc...
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Thank you (!), for your data, information and professional opinions. You are giving me useful benchmarks that are hard to find. To understand real peer numbers is quite useful and encouraging 👌
Be cautious when booking loads the key bridge in Baltimore MD collapsed it's bad really bad so be careful when dispatching peace
Thank you Troy. Really appreciate the heads up. We know about it but the fact that you stopped by and said it, says it all. Thank you sir! My condolences to the families and all affected.
Oh, I guess this is just for truckers. 😊 I missed my calling. When I was 68, I drove back and forth from Washington State to Florida (3,000 miles) 5 times in 1.5 years w/ my dog, never got a hotel room, and (except for the first time-I was looking for a house) made it in 3 days! Can I get a job? I’m only 75 🤣. Oh, 😮 I have a cat now, too.
Hey it's never too late Jan! Come on over and bring the whole zoo 😜
Take it easy on the highway, get a hotel room, smell the roses 🌹
Thank you for stopping by!
I always thought that when companies really pushed lease options, they were redirecting the workflow in the good times so they don’t have to pay expenses on those trucks during the bad times.
Not quite, since the compensation plan is totally different from that of a company driver or a carrier under dispatch. I could see this being the case with moving people into company driver positions to keep the trucks rolling while lease purchase guys are returning their equipment in a down market but that'd be the extent of it.
Maga Co have on avg have 100+ trucks parked .
this will get lots of people hurt
Without a doubt, many more trucking companies will close.
What’s your dispatch service price?
Hi Felix, it's a flat rate of 7%.
Should you have any additional questions, don't hesitate to call us Monday or watch our live this Sunday at 4PM Central.
I hearing a lot of big carries folding. Last wk United shut dn cut 300 drivers. So wth is happening
The whole industry is in flux. Brokers let go of a ton of agents. Carriers cutting drivers and equipment. Factoring companies consolidating.
Those who manage to stick around will be able to make money but a lot will have to close as their operating costs won't be met.
This is that wheat from the chaff moment, those with the lowest operating costs and highest income will get through it.
@@AFTDispatch thx for responding 👍
When we get rate cuts it’s gonna be a frenzy out here. Manufacturing is gonna ramp up. Now hiring signs going up. Big boyz gonna start taking loans again. Once inflation hits 2% the fed will be focused on full employment. It’s gonna be poppin. On the road now on a 12 week run. Gettin my money up for equipment before the great flood and 99 trucks go back up to 30-40k while they’re at 10-15k right now. Do not wanna miss this great time to invest. Buy low sell high
Keep saying it and you might just believe yourself after a while 😂
@wetwilly8425 We're unlikely to see rate cuts any time soon and a 2% inflation target seems unattainable and is something they feed the public.
You are right that once money starts moving, freight availability should become better and we might have less trucks on the road by then.
@simonjusticier333 once money starts moving, freight should improve but I doubt the 2% inflation target.
brother how in the hell is your first owner op running 4200 miles?? plss explain
600 miles x 7 days= 4200 9 3/4 a day for no recap meaning you dont have to do a 34. It is called planning and discipline.
Tarik was an absolute machine this week. All legal but a ton of work nonetheless. 4,215 loaded and only 41 in deadhead. Incredible!
@cesargonzales5459 @blutkind9202
Explanation is Magic Logbook 😂
@@blutkind92027x11hr just driving = 77hr - twisted logbook
@@sammyus2016 right