Hi Miranda everything you are talking about is why my truck is setting idle. Paid my equipment off about a year ago and will not go back in debt for trucking. Keep your head up and good luck.
Miranda said in another video she trying to get out of debt like myself and Once I do I will probably look at company driver or something else. Anything to keep us broke and behind their steering wheels and not ours.
Well even if the rates go up it won’t matter because people will start saying they make 30k a month gross and next thing you know everyone wants a piece of trucking and rates go back down.
You do such a great job. You provide a lot of info in a short time. If people are not Subscribing to you they should be. I've been in Logistics /Transportation approx 27 years. You know what you are doing. Keep up the good work.
You are 100% correct on everything you said I’d rather face it and not not face it people who give you a hard time. Don’t pay them no mind I respect what you do. I see the same information you do thank you for all you do.
Coming from the customer side at a brokerage in which I cover a lot of my freight. One of the easiest ways for me to sell to carriers is by saying, Do you want to watch the spot market continue to go down or lock in a rate right now. This almost always works because it's true. It's tough out here for both of us so keep your head up and keep trucking.
I just took a high paying load to Idaho and thought I will drop down to Salt Lake City and pick up a load back to Texas. I could not book a load coming back. By the time I called on them they were gone. The highest paying loads I saw were 1.20 a mile. So I just filled my truck up and deadheaded back to Texas where I picked up a load for 2.10 a mile. I will not take another load west not worth it to me. I don’t know how anyone can make it hauling loads for 1.20 a mile. My truck is paid for and I still need 1.60 mile to break even.
Pretty sure they lost a major customer or two that they were too heavily skewed to. I get it. The week notice is what gets me. This is a longer standing issue that should have been addressed and announced a while ago. Not a CEO who sends out a TH-cam video threatening to fire people if they don't take shit paying loads (as an o/o) a few weeks ago. He basically came out and said I don't care if you go out of business if mine succeeds. Not shocking people didn't care enough to make deliveries. That being said, no I have never missed an appointment due to my own fault (usually shipper error) at any company in my career.
While I am not a trucker, I have always had a strong interest in trucks and I do somewhat follow the trucking industry, just as I also follow the airline industry. I know the world is a very unsettling, crazy place right now, but I agree with you about trying to keep a positive attitude even when things are tough. Since I discovered your channel, I sincerely hope you keep doing what you are doing, your videos are very informative and professionally done. Thank you so much for sharing with all of us. Hang in there Miranda, maybe there will still be better times ahead, but even if there isn't, we are all with you dear!!! ❤❤
i hope we all make it. All the owner operators out here stick together & teach each other to say No to cheap freight & expose fraudulent predatory brokers.
I work with flatbeds have been for 10 years now. Pre covid I would routinely get onion loads during the summer paying me between 2.30-2.70 a mile again this was pre covid. I am in shock that everywhere around the country they are moving onions at less than $2 a mile it makes 0 sense, Onions are such a volite commodity if you don't know what your doing it'll spoil and then you get a 30k claim. Some companies have no idea what there doing and are just grabbing loads to keep the truck running its as if they are running with there heads cut off.
I agree and his truck drivers we essentially are responsible for getting our own wages up!! If we refuse cheap freight until they raise the price we would get what we want with more money. However there's always these idiots that will take something for nothing and then wonder why they can't fix their truck when it breaks down!! Truckers need to realize how much power we have. Let these grocery stores start going empty in the soccer moms not being able to feed their kids and see how fast we get paid!!
You can park your truck, however, that doesn’t stop Saudi Arabian investors buying million dollar fleets and hiring North African drivers on work visas.
First of all I like how you cover all aspects of trucking drive-ins I personally am a flat better so I like it when you go over the statistics and stuff for that. I will say I don't know how Atlanta is up on that board and I know you covered it because there's really nothing for flatbeds out of there. Which is surprising with all the road construction in bridges and everything they're building,!!
Capacity never seems to leave fast enough, pretty much take that out of the picture, can’t sit around and wait for other companies to go out of business usually when the independent number falls the lease purchase and company capacity raises regardless
Hello Miranda. I feel your frustration cause I feel the same way this week. This was very crappie. Nobody would negotiate on any of the lanes the offers were all below my running costs. It just plain sucks. A few of them I told them to put it on your own dam truck. They laughed
Heard a Bloomberg analyst saying today trucking is at the bottom. He said better days are coming soon. Another great video !! Thanks Miranda ✌️🇺🇲 Keep on Truckin Girl !!!!!
There are a lot of things at play. Companies are using different ways to move their freight. Box trucks don’t require cdl and on the consumer side I get a lot of deliveries that used to be semi trucks and now are hotshot or box truck. Amazon relay uses them and others. It waters down the supply. Also, the quality of new drivers is scary and is why they take cheap freight. Not diving into that but you see it at truck stops. They can barely drive. You see it on the highways too. Then there is the robbery via outrageous insurance prices to O/O, all the different taxes required to be paid. Anyway, we need advocates for the industry. I don’t have the answers but I see the problems, and feel the pain of being squeezed financially.
If you have a fleet of trucks put them on with FEDEX CUSTOMS CRITICAL out of Uniontown Ohio. It’s power only the insurance and benefits are amazing the money is in their Reefer units. You want the dedicated accounts like Cardinal Health it’s great pay. The dedicated lanes are non stop because it’s expedited freight great loads if you have the units and you’re willing to negotiate for the long term relationship. There’s plenty of work to go around.
Love your content every time I watch. Always straight forward, the way you break everything down is amazing and time consuming so I always watch from beginning till end. For the end of this video always remember whatever your religion, God always has you. God will overwhelm you not to break you but to build your strength.
Those trucks have a very short life span thats why you don’t see them in the secondhand market very often…they have an expensive emission system as well that will ground you as well…thanks to the epa but believe it or not if in a perfect world it’d actually work the government will drive the cng/lng prices through the roof just because they can
Well.... your analytic skills are on point. You know how to research information, maybe some Day Trading on the side to supplement your income. Squeeze it in between being a Mom and dispatching trucks and making these videos 🤣. Thank you for all the hard work, we appreciate you ❤.
Miranda, I wish you would spoke to this, to maybe confirm or deny that this is or is not what your seeing? Believe me I would love to know that your seeing FB loads at the cost your seeing as said in this vid. Your not using DAT the way I'm hearing it, correct? 😊
Swift, prime all the big carriers are pulling as much spot freight away from everyone. Those carriers are taking freight at a seriously low rate to force everyone out of business.
Miranda.. At one point I was A Union Carpenter.. So, I can speak from those experiences best.. I am election year.., everything thing slows down to see what gang gets into power (So, they can see how money will be spent the following year). Now.. Hanging said that.. We are going into A "Depression", and people are buying less as well, but.. We are Year away from self driving trucks so there is still hope.. January should prove tobe A good thing.
You mentioned some people claim we are on the brink of a recession evidenced by the high unemployment numbers. In reality the unemployment numbers are at historically low levels, 4.3% is the latest reading. We were below 4% for a number of years and the rest of the economic numbers have been pretty solid as well. What we do have is the Fed maintaining the borrowing costs at the highest level in more than 20 years and keeping it there for far too long. This is causing businesses to not invest because borrowing is to costly and hiring has begun to slow down as well. The housing market in particular has been hit hard by the high interest rates. The hope is the Fed will begin to cut rates in September but even if that happens it will take months for the effects to trickle through the economy.
Unemployment is actually not high at all. It's at 4.3%. In 2014 when freight was decent it was around 6%. The last quarter saw GDP growth above expectations and recently new unemployment claims are the lowest they've been in about a year. The issue is that things aren't as good as they were during the post-pandemic boom. People remember two years ago but they don't remember how bad things were in 2008, 2009 and 2010. The issue is capacity, which is slowly but surely coming down and should reach equilibrium by the end of the year.
Really really what about flooding the nation with people from all over the world in order to please the Oligarchs who really run the Empire. Isn't that strange to do that while the economy is in the tank. hey the goal has been achieved the middle class is destroyed an so is the working class but the figure head has to his job to please his masters.
And the administration who holds the majority of policy making power can make policy. Which will affect the economy which will affect trucking and transportation. All I can tell you is the only democratic president I ever did well while in office was Bill Clinton and he was left in a beautiful economic situation by Reagan and Bush senior. Bush Jr took it I still did fine. Obama came along things were tough. Trump came along things got great. Covid and Biden and printing money came and things have gone to crap. That's what I know. At least for me and what I do.
@@scottowens8474This is the reason you got to vote Trump , as you can see Democrats aren't going to help nobody they are telling everyone how great it is to be living in this market , yeah right !!! 🤪
Believe I read something on Freight waves via one of the news outlets about several businesses closing down their operations in various parts of the country which means less freight to be shipped in those areas. It’s a bad economy and over capacity. Regardless of demand watch for diesel prices to climb soon as a larger percentage of each barrel of oil gets diverted into the production of heating oil for winter (used by much of the east coast). I admire your intestinal fortitude to stay in it and fight. You’re young, I wouldn’t recommend you stay in it but I wish you the best. (Bake dancing doesn’t appear to be a viable career alternative for you😂)Like I said before,I am winding it down back as a company steering wheel holder just long enough to replenish my retirement savings that got depleted from repairing and maintaining my last truck and then retiring.
What would you say is the best data source to study trends for flatbed? Been looking at Truckstop trucks:load ratio and that seems extremely useless. Any better source for rpm as well as capacity trends?
Good Morning, I have a question off topic, I saw something about MC numbers were going to change in May and so far nothing, Do you have any updates or have you heard anything.. thanks
Let me give u guys a tip Look guys In order to survive this market set yourself a daily rate after fuel and expenses rather your goal is $600 or $750 a day look for a load that’s straight thru paying $750-$1000 a 150-250 mile radius is the sweet spot even if you deadhead back your profit stays the same run like you’re hauling containers never take a cheap backhaul because you’re losing time,profit and helping the shipper and broker rob you.Taking that cheap backhaul will tie up your truck and if a decent load presents itself you’re stuck with that cheap non profit load DO NOT HAUL FOR FUEL MONEY ( atleast it covers your fuel) is an old saying that needs to be abolished DO NOT HAUL TO DEADZONES ONLY GO TO AREAS WHERES THIERS FREIGHT And always negotiate Stop letting brokers control/put a price on your work/equipment They work for us how tf are we getting pimped now if truckers don’t take back control theirs nobody to save us we have to get this shxt together it starts with us damnit fight back if it ain’t profitable leave that shxt on the board stop tarping and chaining for free
If you’re not going to market/sale your services direct to shippers then everything you said will not work ever. The people who market and sale have leverage. Not you.
@@ChampHTX shippers are looking for the cheapest guy it’s no loyalty in trucking so direct shippers are useless unless you sell yourself short now with my strategy it works fine for me I’ve had direct shippers I use to haul for and guess what they’re all trying to save a $1 i dont feel no one has leverage over me because it’s at my discretion to call about or take a load it’s plenty of ways to make money in this game I’m doing ok
@@truckingwithnose Shippers are looking for the cheapest, yet here you are relying on brokers to get you loads. That’s why you small guys stay small. You think small….
@@ChampHTX who said I was looking for a broker to get me a load I clearly just said I use to have direct shippers I dealt with you talking like you’re some big time trucking guru and you have everything figured out this small time guy has been in business for awhile and has multiple trucks running big shot
Life is a challenge!! Keep your smile, things will be better in few months. The recession will hit.. and trucking industry as already feeling it.. after this were gonna be good for few years 💪🏼😎 Lets go
I was talking to my friend on the way to trade school for HVAC and I told him when our gas prices go up for our trucks and we’re not able to move around. Easily it is hard for us to deliver your goods because then we move that price to the manufacturer or the warehouse holder, they understand and so they raise the price on you the customer. We always talk about the downsizing in the trucking industry like who’s business went under or who got off with good luck in the market we’re currently in or who got laid off now we never do we talk about why that is. It’s because they have lost manufacturing jobs in America such as oil rigs offshore drilling our own materials that are every day use , these were essential jobs under the Trump’s administration I believe as a truck driver I am an economist and my goal is always to move the economy forward so I leave this comment for the first time ever from watching content for five years I appreciate your time and effort in your analytics 🫴🏿🔥
I have a question or maybe just a thought. Carriers leaving the market can be 1 truck 10 or a 100 trucks right? Well Carriers entering the market are most likely 1 truck operations. I don't know very many trucking companies starting out with a 100 trucks. Is my thought process correct or am I missing something?
This market will stay bad for long haul. broker already know how cheap they can move freight and even if that can pay well they won’t, brokers will keep their pockets full first.
Miranda please I need your advice my company had 2 accidents now the renewal is 53k Question if I open a new company DOT MC all new under someone else name and me the driver clean MVR am i gonna get a better insurance quote right because this company is a new company?
Greetings ….. I like your market reports and I appreciate you doing them. I never caught if you have any contract freight? I have a friend who has a few flatbeds and his outbound is contract, inbound is brokered. I deliver for a company that has their own product that they transport to customers and they will sometimes broker a backhaul. If you are only doing spot market, I think the sledding is going to be very tough. And it may be for a long time I’m afraid. Best wishes. try to have a good weekend ..
Yes keep it going girl That's just the reality of things. Enough with lays . This industry is a mess and people keep caming on to this industry just to find out this is not the business to make a profit at this time. And im talking to new owner operators who are trying to finance a truck , you might have to return the truck and you are going to mess up youre credit line
Hi Miranda everything you are talking about is why my truck is setting idle. Paid my equipment off about a year ago and will not go back in debt for trucking. Keep your head up and good luck.
Miranda said in another video she trying to get out of debt like myself and Once I do I will probably look at company driver or something else. Anything to keep us broke and behind their steering wheels and not ours.
I'm with you.
How do you plan to keep your own head up in the meantime while the truck sits idle?
Me too!
@@EdBoozer same here mine gonna paid off next monnth , if it broke after that i m just gonna park not even gonna repair it 😂
Well even if the rates go up it won’t matter because people will start saying they make 30k a month gross and next thing you know everyone wants a piece of trucking and rates go back down.
Exactly 😊
I can't imagine new carriers coming in right now as insurance on a new mc is absolutely sky high... but I do get your point!
You do such a great job. You provide a lot of info in a short time. If people are not Subscribing to you they should be. I've been in Logistics /Transportation approx 27 years. You know what you are doing. Keep up the good work.
Thank you. I appreciate that very much!
You are 100% correct on everything you said I’d rather face it and not not face it people who give you a hard time. Don’t pay them no mind I respect what you do. I see the same information you do thank you for all you do.
Can you imagine 4 more years of "building back better"?
No..Im sick thinking about it.. We are dealing with neo-bolshevik commies.
Can you imagine 4 more years of maga, same bs.
Have you forgotten what it was like 4 years ago? Thousands of people were dying every day businesses were closed and people weren't working.
All because of the covid war.
Exactly. Learn economics. Then reply.
Thank you for the update and your dedication Miranda!
I love your honest insight. I am a Trailer dealer and Business is in the tank. Maybe the worst I've seen in 40 years.
Coming from the customer side at a brokerage in which I cover a lot of my freight. One of the easiest ways for me to sell to carriers is by saying, Do you want to watch the spot market continue to go down or lock in a rate right now. This almost always works because it's true. It's tough out here for both of us so keep your head up and keep trucking.
I just took a high paying load to Idaho and thought I will drop down to Salt Lake City and pick up a load back to Texas. I could not book a load coming back. By the time I called on them they were gone. The highest paying loads I saw were 1.20 a mile. So I just filled my truck up and deadheaded back to Texas where I picked up a load for 2.10 a mile. I will not take another load west not worth it to me. I don’t know how anyone can make it hauling loads for 1.20 a mile. My truck is paid for and I still need 1.60 mile to break even.
Exactly ... totally agree..
A&A express out of SD is closing business next week 8/16. They have 300ish power units.
@@MyNicknamesBear the operator manager said they closing because of late arrival for appointment time
@@Todd26789 I think they did lose a lot of customers that way. Regardless, that's 300 power units that will be on future loss reports.
@Todd26789 That sounds like a lame excuse for a company to give there operation and let go 300 plus drivers...😯
Pretty sure they lost a major customer or two that they were too heavily skewed to. I get it. The week notice is what gets me. This is a longer standing issue that should have been addressed and announced a while ago. Not a CEO who sends out a TH-cam video threatening to fire people if they don't take shit paying loads (as an o/o) a few weeks ago. He basically came out and said I don't care if you go out of business if mine succeeds. Not shocking people didn't care enough to make deliveries. That being said, no I have never missed an appointment due to my own fault (usually shipper error) at any company in my career.
@@charlesfaile7452 I don’t know what when on at A&A Express the operation manager made a video about it
While I am not a trucker, I have always had a strong interest in trucks and I do somewhat follow the trucking industry, just as I also follow the airline industry.
I know the world is a very unsettling, crazy place right now, but I agree with you about trying to keep a positive attitude even when things are tough.
Since I discovered your channel, I sincerely hope you keep doing what you are doing, your videos are very informative and professionally done. Thank you so much for sharing with all of us.
Hang in there Miranda, maybe there will still be better times ahead, but even if there isn't, we are all with you dear!!! ❤❤
My digits should be displayed on your notification bar-
i hope we all make it. All the owner operators out here stick together & teach each other to say No to cheap freight & expose fraudulent predatory brokers.
Agreed
Thanks for what you’re doing
I appreciate your honesty and I am sure your teamputs in 100% of an effort to keep your drivers moving with the best possible freight.
I work with flatbeds have been for 10 years now. Pre covid I would routinely get onion loads during the summer paying me between 2.30-2.70 a mile again this was pre covid. I am in shock that everywhere around the country they are moving onions at less than $2 a mile it makes 0 sense, Onions are such a volite commodity if you don't know what your doing it'll spoil and then you get a 30k claim. Some companies have no idea what there doing and are just grabbing loads to keep the truck running its as if they are running with there heads cut off.
Plus Diesel was 2.20-250 back then in the heartland..Biden had my part time trucking fooked within 4 months.
I just got a $4.5k load for 2k miles, onions out of Washington… we carry produce in a reefer so we don’t run into spoilage
🏴☠️Say no to cheap freight... Park your truck...
Mine's on the driveway !
I agree and his truck drivers we essentially are responsible for getting our own wages up!! If we refuse cheap freight until they raise the price we would get what we want with more money. However there's always these idiots that will take something for nothing and then wonder why they can't fix their truck when it breaks down!! Truckers need to realize how much power we have. Let these grocery stores start going empty in the soccer moms not being able to feed their kids and see how fast we get paid!!
Someone will always run cheap loads.
You can park your truck, however, that doesn’t stop Saudi Arabian investors buying million dollar fleets and hiring North African drivers on work visas.
@@everardoolvera651
Facts
You say the truth Miranda n I like that way you explain.. everything is understandable you have a wonderful weekend
I like everything about this channel up and down, we are all humans with emotions. So, you are the best!!!
Quiktrip and Maverik are very competitive on fuel prices.
Please stay encouraged! And Thank you so much for all you do!❤❤❤
First of all I like how you cover all aspects of trucking drive-ins I personally am a flat better so I like it when you go over the statistics and stuff for that. I will say I don't know how Atlanta is up on that board and I know you covered it because there's really nothing for flatbeds out of there. Which is surprising with all the road construction in bridges and everything they're building,!!
Thank you for what you're doing!
Thanks for your Vlogs. You are really a great motivation for a lot of truckers out there who w
Are frustrated.
Capacity never seems to leave fast enough, pretty much take that out of the picture, can’t sit around and wait for other companies to go out of business usually when the independent number falls the lease purchase and company capacity raises regardless
Hello Miranda. I feel your frustration cause I feel the same way this week. This was very crappie. Nobody would negotiate on any of the lanes the offers were all below my running costs. It just plain sucks. A few of them I told them to put it on your own dam truck. They laughed
Heard a Bloomberg analyst saying today trucking is at the bottom. He said better days are coming soon.
Another great video !!
Thanks Miranda ✌️🇺🇲
Keep on Truckin Girl !!!!!
We are all in this together stay strong in your faith sister.
Go to a established carrier like Mercer Transportation. They cover many costs for you as well. You get paid when you deliver on the spot.
Thanks for the education. I feel your pain as a leased on O/O. . Especially trying to compete with our company drivers too.
Thank you for being real....that frustration is how I feel as well...
These videos are gold! Keep up the good work!
There are a lot of things at play. Companies are using different ways to move their freight. Box trucks don’t require cdl and on the consumer side I get a lot of deliveries that used to be semi trucks and now are hotshot or box truck. Amazon relay uses them and others. It waters down the supply. Also, the quality of new drivers is scary and is why they take cheap freight. Not diving into that but you see it at truck stops. They can barely drive. You see it on the highways too. Then there is the robbery via outrageous insurance prices to O/O, all the different taxes required to be paid. Anyway, we need advocates for the industry. I don’t have the answers but I see the problems, and feel the pain of being squeezed financially.
Thank you for your analysis. It’s true, the industry is tough for drivers.
If you have a fleet of trucks put them on with FEDEX CUSTOMS CRITICAL out of Uniontown Ohio. It’s power only the insurance and benefits are amazing the money is in their Reefer units. You want the dedicated accounts like Cardinal Health it’s great pay. The dedicated lanes are non stop because it’s expedited freight great loads if you have the units and you’re willing to negotiate for the long term relationship. There’s plenty of work to go around.
Amen, Amen, life is always opening us to new points of view. Thank you for all you do for all of us to give us new points of view, Amen, Amen.
Love your content every time I watch. Always straight forward, the way you break everything down is amazing and time consuming so I always watch from beginning till end. For the end of this video always remember whatever your religion, God always has you. God will overwhelm you not to break you but to build your strength.
Thank you for all the priceless information. Your time and research has and is a huge help in my business.
Thank you again Miranda for your viewpoint and opinion
🙏💜
Keeps on fighting and posting, it’s tough market right now!!
Hopefully after new government takes over layout many new policy!!
Love your presentation
You give us a better understanding of what is happening, appreciate you thanks.
Let’s go into the towing side !! They always have work and great cpm
Hang in kid. Your still doing a great job.
Thank you for the support
At this point, i don't think trucking will ever make it from comatose...
Thank you for what you do. I enjoy getting updates on the market
Thank you for the information. It makes me want to know what is going or what companies are in some of those cities.
You have to know when it's a good time to run from your problems and time might be it.
All my love and support with you. I hate this industry too, but can’t give up until goal is reached.
Thank you! Same to you. It's hard but it cant be this bad forever.
Thanks for covering this even though it sucks. I work for a contract carrier and we have been slow so I wonder if this is impacting us as well
Use CNG trucks fuel is $2.49 and no dpf emissions or Def.
That's easy for trucks that are in regional. However, it is not possible for OTR truckers
Those trucks have a very short life span thats why you don’t see them in the secondhand market very often…they have an expensive emission system as well that will ground you as well…thanks to the epa but believe it or not if in a perfect world it’d actually work the government will drive the cng/lng prices through the roof just because they can
Thank you for an update. Really hard time. Who the hell takes those crapy loads…..
Somalis and turbans...and much more😊
The people who don’t have their own customers
People who don’t understand math and then bitch they made $1k this week
This video was well put together
Well.... your analytic skills are on point. You know how to research information, maybe some Day Trading on the side to supplement your income. Squeeze it in between being a Mom and dispatching trucks and making these videos 🤣. Thank you for all the hard work, we appreciate you ❤.
It's funny. Most fb line haul loads I'm seeing on dat are $1.80 pm. Short loads to 'nowhere', offer $3-$3.50 per mile.
Miranda, I wish you would spoke to this, to maybe confirm or deny that this is or is not what your seeing?
Believe me I would love to know that your seeing FB loads at the cost your seeing as said in this vid.
Your not using DAT the way I'm hearing it, correct? 😊
Swift, prime all the big carriers are pulling as much spot freight away from everyone. Those carriers are taking freight at a seriously low rate to force everyone out of business.
They can have it at this point fuck em
Swift-Knight actually refused nearly half of the cheap loads like $1.50-$1.70 and threw them on the spot market for y’all successful truckers …
I respect that strategy
@@georgiiarakelov6560 lies
@@fozman845 lies my ass. Believe me they worry about profit not less than anyone else, however, more…
You're a sweetheart ty Miranda!
Miranda..
At one point I was A Union Carpenter.. So, I can speak from those experiences best.. I am election year.., everything thing slows down to see what gang gets into power (So, they can see how money will be spent the following year). Now.. Hanging said that.. We are going into A "Depression", and people are buying less as well, but.. We are Year away from self driving trucks so there is still hope.. January should prove tobe A good thing.
Thank you, I always love watching your videos!
Thanks for the update young lady keep your head up ☺️
You mentioned some people claim we are on the brink of a recession evidenced by the high unemployment numbers. In reality the unemployment numbers are at historically low levels, 4.3% is the latest reading. We were below 4% for a number of years and the rest of the economic numbers have been pretty solid as well. What we do have is the Fed maintaining the borrowing costs at the highest level in more than 20 years and keeping it there for far too long. This is causing businesses to not invest because borrowing is to costly and hiring has begun to slow down as well. The housing market in particular has been hit hard by the high interest rates. The hope is the Fed will begin to cut rates in September but even if that happens it will take months for the effects to trickle through the economy.
Smile or not still beautiful! I decided to take a vacation so for the next three weeks I’m going to try to not look at the load board
Unemployment is actually not high at all. It's at 4.3%. In 2014 when freight was decent it was around 6%. The last quarter saw GDP growth above expectations and recently new unemployment claims are the lowest they've been in about a year. The issue is that things aren't as good as they were during the post-pandemic boom. People remember two years ago but they don't remember how bad things were in 2008, 2009 and 2010. The issue is capacity, which is slowly but surely coming down and should reach equilibrium by the end of the year.
Oregon has mostly lumber loads going to California they pay 1 $ per mile
Your information is always 💯.. Appreciated
You are a great journalist thank you.👍
Thanks, Miranda! You’re the best.
I hope a .50% rate cut is coming in September. Thank you for the update
Love the honesty!!! ❤
I agree, stay out of the PNW especially with winter right around the corner.
The number of people who think the president has anything to do with the freight market is astonishing.
Really really what about flooding the nation with people from all over the world in order to please the Oligarchs who really run the Empire. Isn't that strange to do that while the economy is in the tank. hey the goal has been achieved the middle class is destroyed an so is the working class but the figure head has to his job to please his masters.
Policy does
And the administration who holds the majority of policy making power can make policy. Which will affect the economy which will affect trucking and transportation. All I can tell you is the only democratic president I ever did well while in office was Bill Clinton and he was left in a beautiful economic situation by Reagan and Bush senior. Bush Jr took it I still did fine. Obama came along things were tough. Trump came along things got great. Covid and Biden and printing money came and things have gone to crap. That's what I know. At least for me and what I do.
@@scottowens8474This is the reason you got to vote Trump , as you can see Democrats aren't going to help nobody they are telling everyone how great it is to be living in this market , yeah right !!! 🤪
They control diesel prices, so yes it does have an affect
Thanks for being real
I agree with everything you have said. Well done 👍
Thank Miranda.
Believe I read something on Freight waves via one of the news outlets about several businesses closing down their operations in various parts of the country which means less freight to be shipped in those areas. It’s a bad economy and over capacity. Regardless of demand watch for diesel prices to climb soon as a larger percentage of each barrel of oil gets diverted into the production of heating oil for winter (used by much of the east coast). I admire your intestinal fortitude to stay in it and fight. You’re young, I wouldn’t recommend you stay in it but I wish you the best. (Bake dancing doesn’t appear to be a viable career alternative for you😂)Like I said before,I am winding it down back as a company steering wheel holder just long enough to replenish my retirement savings that got depleted from repairing and maintaining my last truck and then retiring.
your doing a awesome job
Canadians truckers and Mexican “double plates” dominate the dry van market right now 😢
Those double plate trucks are everywhere. The Mexican drivers run team 😒
What would you say is the best data source to study trends for flatbed? Been looking at Truckstop trucks:load ratio and that seems extremely useless. Any better source for rpm as well as capacity trends?
Hey Ms Miranda good afternoon 🎉
Thanks for the great info!!!!
Good Morning, I have a question off topic, I saw something about MC numbers were going to change in May and so far nothing, Do you have any updates or have you heard anything.. thanks
2 questions
Do you have info on container work
And can you explain why it’s better for trucks to leave the industry?
Thanks for your time.
Let me give u guys a tip Look guys In order to survive this market set yourself a daily rate after fuel and expenses rather your goal is $600 or $750 a day look for a load that’s straight thru paying $750-$1000 a 150-250 mile radius is the sweet spot even if you deadhead back your profit stays the same run like you’re hauling containers never take a cheap backhaul because you’re losing time,profit and helping the shipper and broker rob you.Taking that cheap backhaul will tie up your truck and if a decent load presents itself you’re stuck with that cheap non profit load DO NOT HAUL FOR FUEL MONEY ( atleast it covers your fuel) is an old saying that needs to be abolished DO NOT HAUL TO DEADZONES ONLY GO TO AREAS WHERES THIERS FREIGHT And always negotiate Stop letting brokers control/put a price on your work/equipment They work for us how tf are we getting pimped now if truckers don’t take back control theirs nobody to save us we have to get this shxt together it starts with us damnit fight back if it ain’t profitable leave that shxt on the board stop tarping and chaining for free
If you’re not going to market/sale your services direct to shippers then everything you said will not work ever.
The people who market and sale have leverage. Not you.
@@ChampHTX shippers are looking for the cheapest guy it’s no loyalty in trucking so direct shippers are useless unless you sell yourself short now with my strategy it works fine for me I’ve had direct shippers I use to haul for and guess what they’re all trying to save a $1 i dont feel no one has leverage over me because it’s at my discretion to call about or take a load it’s plenty of ways to make money in this game I’m doing ok
@@truckingwithnose how many shippers have you spoken with this past quarter?
@@truckingwithnose Shippers are looking for the cheapest, yet here you are relying on brokers to get you loads.
That’s why you small guys stay small. You think small….
@@ChampHTX who said I was looking for a broker to get me a load I clearly just said I use to have direct shippers I dealt with you talking like you’re some big time trucking guru and you have everything figured out this small time guy has been in business for awhile and has multiple trucks running big shot
Life is a challenge!! Keep your smile, things will be better in few months. The recession will hit.. and trucking industry as already feeling it.. after this were gonna be good for few years 💪🏼😎 Lets go
Thank you for sharing this with us 💪🏾
I was talking to my friend on the way to trade school for HVAC and I told him when our gas prices go up for our trucks and we’re not able to move around. Easily it is hard for us to deliver your goods because then we move that price to the manufacturer or the warehouse holder, they understand and so they raise the price on you the customer.
We always talk about the downsizing in the trucking industry like who’s business went under or who got off with good luck in the market we’re currently in or who got laid off now we never do we talk about why that is. It’s because they have lost manufacturing jobs in America such as oil rigs offshore drilling our own materials that are every day use , these were essential jobs under the Trump’s administration
I believe as a truck driver I am an economist and my goal is always to move the economy forward so I leave this comment for the first time ever from watching content for five years
I appreciate your time and effort in your analytics 🫴🏿🔥
I have a question or maybe just a thought. Carriers leaving the market can be 1 truck 10 or a 100 trucks right? Well Carriers entering the market are most likely 1 truck operations. I don't know very many trucking companies starting out with a 100 trucks. Is my thought process correct or am I missing something?
we have been in a ression for quit some time
Great content!
❤❤❤❤ have a good weekend
Great work. Be safe be well. The economy is in a free fall worldwide. Buckle up folks.
Im averaging 3.13 per gallon using efs discounts at pilot/flying j, you should maybe calculate that into your data
Thanks for your insights. Preciate ya!
If looking at chart to determine how well your business will perform, then you’re in the wrong business.
Thanks for the update
That first chart is indeed interesting. Why is the volume so low? Are people still vacationing or still only putting money in services? For 2 years?
I have been driving 15 years now and it's getting really bad
This market will stay bad for long haul. broker already know how cheap they can move freight and even if that can pay well they won’t, brokers will keep their pockets full first.
Miranda please I need your advice my company had 2 accidents now the renewal is 53k Question if I open a new company DOT MC all new under someone else name and me the driver clean MVR am i gonna get a better insurance quote right because this company is a new company?
Talking to a Mexican team they are getting 2300 Paso per driver Mexico to new jersey and back TWICE A WEEK dedicated freight 😮😢
That's about 130 dollars per driver per trip up, back... up,back
520x both drivers $1100 8k miles
Approximately
That's why
So in another words they are working for peanuts or pennies is that what you are trying to say.
Greetings ….. I like your market reports and I appreciate you doing them. I never caught if you have any contract freight? I have a friend who has a few flatbeds and his outbound is contract, inbound is brokered. I deliver for a company that has their own product that they transport to customers and they will sometimes broker a backhaul. If you are only doing spot market, I think the sledding is going to be very tough. And it may be for a long time I’m afraid. Best wishes. try to have a good weekend ..
Yes keep it going girl
That's just the reality of things.
Enough with lays .
This industry is a mess and people keep caming on to this industry just to find out this is not the business to make a profit at this time.
And im talking to new owner operators who are trying to finance a truck , you might have to return the truck and you are going to mess up youre credit line