Trucking Market Update & Forecast (Sept 14): Carriers Leaving, Freight Market Has A Long Way To Go
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- เผยแพร่เมื่อ 21 ก.ย. 2024
- (Charts and Definitions at the Bottom of this Description)
Lets talk about Diesel Prices, carrier capacity and how many carriers are leaving and entering the trucking industry, volumes and rejections, how those affect spot market volumes and spot market load rates, and how this whole thing affects Dry Vans, Reefers and Flatbeds.
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DEFINITIONS:
Volumes (OTVI): This shows us real data of how many tenders are offered by shippers to carriers- how much freight there is in the market. Because offerings happen in advance, we can see what the future volumes will look like.
Rejection Rates (OTRI): How many contract carriers refuse from loads? This is real time data of loads that were rejected by carriers- the more rejections, the higher the rates, and the more loads end up on the loadboard.
Charts: drive.google.c...
Nice to see you Miranda. The high fuel price is enough to discourage a lot that was just barely hanging on. It discourages me and my rig is paid for.
Your videos are great. Very helpful in showing us that leading economic indicators are still in decline. You have been presenting the bursting of the bubble without really knowing that's what you're doing. Greatly appreciate that you are not sugar-coating everything, nor end-of-the-world clickbating. Please keep up the posts.
Thank you for keeping us updated every week. I really appreaciate the work that you do
So glad I parked 4 months ago!!! Another great video. Thanks
This info is so interesting. I’m a company driver and so the info isn’t too applicable to me. But I learn so much about my industry that I feel smarter. So thank you for doing this week after week!! Cheers!
Man what a trip today! 3 times my truck cut out on me!!!! long story short i wrote her up when i finnally made it back to the yard!!!! True nail biter!!!!😀
He John
what you mean wrote her up?
@@voodoo7183 turn the truck in to be repaired explained in deal tail what it was doing wrong when it knockout
I had a broker tell me that previous years, shippers would negotiate load rates once a year. She said this year they have already renegotiated three times. And the rates have went down each time.
I think somebody in the comments once told me that contracts are renegotiated between 3 and 12 months. I've seen them talk about it on freight waves quite a few times over the last month and they all say that the contract rate will come down.
What can we expect? Truckers are cutting each other’s throats. Unfortunately there is a lots of people that they think , having direct connection with shippers , they are good . Nope ! So, we better work together or all of us are going to suffer the consequences.
Interesting to see some of the background. I do disagree agree with the supply and demand philosophy. Other industries have manipulated this through overhead, such as storage & more for less. You touched the subject. The industry keeps the freight low. Examples are parking, fuel process. These are our overhead, similar to storage. Indicates our supply exceeds demand.
That is right !
People hear what Miranda is saying and they will take it literally.
Your videos help me book good loads for dry van. Last two weeks chart in your video showed good rejection rates out of Pittsburgh and that's where I booked a load for next to labour day and guess what? I found a straight through paying $900 for 240 miles. I believe in research after I stepped into psychology and so far it has paid off.
I have seen some rate increase this week in washington state market . Thats a good sign
Miss Miranda your too lovely for this industry.
THANKS MIRANDA ❤❤❤❤
Thank you for info Miranda!
Your awesome I just wanted to say thanks again for all that you do you are greatly appreciated GOD bless you and your family.
I'm starting a trucking company with my wife. We watch your vids and that's how we fit our MC & DOT #. We go live on Wednesday. I'm going to book/plan my first load/route based on this video, and some other research. I'm looking forward to Mondays video.
start with TQL if MC is new
I can’t imagine what your going through with this market right now especially being a new carrier, starting at this time is the worst possible scenario, fuel extremely high and frieght volume and rates extremely low, good luck keep your head up.
Texas has SOOOOOOOOO much freight so it’s wild that truckers take rates so low out of there. When I was OTR I saw rates drop every week. Truck owner operators are their own worse enemy out there with dropping the rates.
Transportation costs were up in the Fed inflation report. It was higher than any other category.
Hello from Texas always watching thanks for your insight
Guys dont take loads from sunteck what a disrespectful broker
What did they do
Good benefits for any company driver that you hire.
Thanks for the great content!
Say NO for cheap frights truckers..!
PLEASE have good news!
Another great video. Thank you Miranda. Keep up the good work
Hold on your prices for cheap freight. I’m trying to negotiate local stuff and they keep calling back every month saying they can’t get deliveries reliably. 🤷🏼♂️
More great info! Keep it coming thank you for this
can we just skip the reefer market overview? those things are loud and obnoxious especially carrier reefers. if you see a green light run away from that reefer unless you dont want to be able to sleep. oh and the rates for reefers always sucked anyways
Thank you for updating
I could see your awesome smile throughout this entire video. I know that means good things are coming.
Great video and information. Thank you
996!!! I hate to say it but... wooooohoooooo lol. We're all thinking it.
LOL 😂 I know...its like a a dirty little secret but damn, its good news for capacity haha
@@TruckingMadeSuccessful 🤣🤣🤣 amen!!!! 🙌
There’s Still not even close to enough companies are out of business for it to make an impact
@@wrld-zu9yt I'm aware but a this is a good start.
Thank you so much for the information 🙏🏾
Ronan is one lucky dude.
She is so beautifully intelligent 😮🌹😩
Hello Ms Miranda blessing always 🎉
Hello! ☺️
You people better be keeping up current affairs around the world!!!!
Muchfully thanks maranda particularly about dry van . It is helpful in full .
Thank you for so much
65 cents per HUB mile loaded or empty??? How are you turning a profit after fuel and driver pay and insurance???
I am picky with my loads 😂 Oh and it's 65 for all miles that are related to work which means those empty ones as well.
Thank you 🙏
Thank you..
I’m not in the truck industry at all I just love seeing this woman on these videos.❤❤
You shouldn’t be here
@@TruckerVet70 seriously 😂😂
Texas flatbed is to saturated with trucks I need these newbies to go broke asap just being honest but I can say brokers are getting nervous the calls ain’t coming in like they were and I’ve been getting my rate if not I won’t take it so truckers stick with your rates and don’t do favors for these brokers they have the money in it
very true. no favors. and stick to your area. don’t go hopping around like a lost rabbit. same areas. same brokers. keep that in mind. once you get a rate out of one that’s good. you know your lane and what it pays.
That's a good job offer!!
Do you have any thoughts on the border being closed in El paso TX , and how it affected the freight this week .
Everybody hold off! Dont book these rates! Fuel up over 10% again today the brokers need to adjust for this. Dont book!
What are the lanes or states your reefer applicant will be running..?
and which state is the home base.?
I will be shutting down my business for a few months while i get some tankers experience
@TRANSPORTKING1988 thank you for the advice I may look into that. I got a job starting next month delivering gas
Good morning Mrs. Miranda hey I was just wondering are you keeping up with the Panama canal situation? Just curious
Just got fuel in LA @ $6.15 per gallon with taxes
That’s why I don’t go in California and I live there. Fly home and avoid the bull shiit
Thank you for continuing to educate us!
Have your heard of more trucks being looted with the inflation we're seeing?
Yes :( And people stealing fuel from trucks as well
@@TruckingMadeSuccessfulYeah. You mentioned you're in California. Nothing against it, I used to live there, but I remember many railway carts being looted in Los Angeles. Enough to actually almost derail an actual train. I figured trucks were an easy target.
We rarely enter CA unless it's time for home time. We prefer to stay away from this state as much as possible when it comes to business :)
Didn't they legalize cocaine in Oregon a few years ago? That might explain why there's no back hauls. Just sayin'.
Oregon decriminalized several hard illicit drugs. Meaning they are still technically illegal but individual users would not face criminal charges if caught with small quantities - perhaps a fine. But tbh thinking Oregon does nothing.
Surprised reefers are paying same as dry vans or even less what's the point spending more money on diesel and reefer insurance breakdown and carrying more liability on the cargo in the event of reefer breakdowns. This is why we stay away from reefer
“ Reefers are paying “ you got to change your mentality . You got to change your words , otherwise you are just like everyone else here.
It is your business and it is your rate ! If you are accepting what brokers are offering you , then it is your own fault.
Hi Peruvian I believe I seen your videos you're leased under Prime, I believe I never take any cheap freight I owned a small fleet of 5 trucks running dry Van's for the past 8 years, I was commenting based on Miranda's updates, we have done reefer in the past and I just don't like them because the long waiting at receivers and the liability on reefers breakdown, when you get too many cargo claims nobody wants to insured your company I get my own insurance for my trucking company.
@@FranciscoA-vg8ri NOOOOOO!!!!!
I’ve never drove for a company , never!!!!
I did not go to CDL school either . I took the written test and I used my friend’s trucks to practice .
In 2013 I passed the test and I bought me an old truck . I moved containers for a little while , then I owned other couple trucks, but as soon as learned and understood how this industry function , I sold my trucks and I bought a newer truck and a new Reefer. Within 2 years or so , I paid them off and I’m here . I’ve never leased nor work under someone’s authority .
You are getting confused my friend .
If this situación continue the way it is , I rather drive for someone for a good pay or I get out of this industry , but I will never lease nor work under someone’s authority .
@@FranciscoA-vg8ri you are getting me confused with a fake Peruvian bro . He is a white dude that has his TH-cam channel . LOL ( I don’t know if he is Peruvian, sorry . He may be )
He is the Peruvian trucker . I’m not .
Beautiful, as always 🤍
creep
Could you please let me know which fuel card is the best for O/O? Thank you.
I use RTS which I absolutely adore
You may want to mention where your hiring areas are! 😊
Anywhere in the US- and I completely forgot to mention that oops!
Ms maranda 🙋♂️🙋♂️🙋♂️
It's only a job ! Imagine if trucking struggles in US what is around the world
50k - 996
2% less MC on the roads )
Gas will go even higher to an all time high by next year, $7-8 a gallon.
THANKS FOR THE INFO! WILL THE STUDENT LOAN PAYMENT AFFECT THE RPM?
Yes if we look from the economic standpoint- consumers have less to spend which will translate to weaker volumes
SHHHH in your vid's you mention Green Bay as a good market being a carrier (dry van) in Green Bay my average per-mile rate is $3.05 they don't call us the a$$ wipe capital of the world for nothing :0 We like to do the short runs that keep us in the Midwest market
@@benwilfred-si4dythis guy is spamming and needs to be banned
What is a reefer and rejections
Reefer is a refrigerated trailer. Rejections are the % of contract freight that gets rejected and pushed to the spot market
@@TruckingMadeSuccessful is it brokers that rejects this freights or carriers?
I experience is different what rate for dry van
How many realistic paid miles can we expect to cover on average in a week with your company?
My other guy currently averages 3194 miles per week on his reefer.
😎
Howdy
Is there any way to see which carriers closed their doors?
Yes of course, but that is weeks of work because you have to cross reference everything
As a person who learning enlish , for me it very easy to understand you . Are you native american?
Thank you
I’m not trolling . I get very upset and frustrated when I hear TH-camrs telling people that the SPOT MARKET “ that “Suply and demand “ and the brokers and shipper are bad people . When you and I know that truckers are uneducated about this business and they do and follow to whom ever say nice things . Shouldn’t be that way . We are essential in this industry and we shouldn’t sell ourselves short .
I am sorry but I really dont understand what exactly you are frustrated about.
We found out quickly during COVID what services and companies were essential. Shipper-Broker-Carrier....Eliminate the middle and loads keep moving from the shippers to their customers all over the world. Eliminate the Carrier and nothing moves anywhere. Brokers and Shippers benefited greatly from the passage of deregulation legislation in our industry in the late 70s and early 80s, essentially establishing freight pricing with no oversight, thus reducing transparency and monopolizing all transactions with a carrier. How can one get educated when the goal post keeps being moved to benefit brokers & shippers. Easy to assume one isn't educated when you don't know if the money you're getting is FMV. When an O/O is contracted to a carrier, he/she knows what percentage of the gross revenue they'll be getting. Not saying it's a perfect process, but you don't have to guess all the time. When a load is sold to a broker, the carrier has no way of seeing that brokers invoice. How can you educate yourself when you can't gain access to the most important info. So, when Miranda keeps mentioning brokers and shippers in the way she does, it's to demonstrate how the relationships between all entities are severely strained. Trust and believe, the paradigms will shift to the carriers sooner than you think when more of these direct freight apps and logistics block chain technology become the norm. You won't be able to stop the avalanche unless you work on shoring up the relationships.
Stop being lame
@@TruckingMadeSuccessful i agree w/ you 100% : i encounter so many disrespectful drivers , out on the road , at truck stops , you name it . When you on a load 100% of the time , drives will recognizes your truck and face ,and looks away ..... they get jealous or resentful . They will come up with something to hurt your career..... i did learned alot over the years in trucking industries.
What’s a good fuel card? I run rts and I’m not satisfied but how can you with these prices regardless
I jump around TCS and Mudflap mostly TCS...
I have a few, including RTS which lately it hasn’t been good. One that I found to have discounts consistently is TCS, unfortunately since I don’t do factoring with APEX, I have to use it as a prepaid card, I basically transfer money as if I was sending it thru Zelle. Not ideal but the savings are noticeable.
NASTC fuel card is great!!! I was saving 50-70 cent per gallon at TA/Petro and other participating companies
@@chrisbelsito4231 if your receiving that big of a discount that would be great. But from where you say you use.I have noticed that TA/Petro are the highest avg fuel price. And if i were to compare actual price with discount. I have found mudflap is a better net price.
@@chrisbelsito4231I found no savings with NASTC. Especially with the annual fee. I dumped it when quick trip across the street from Petro was 10 cents cheaper with zero discounts. Mudflap on the other hand is pretty good
You used to pay .70 per mile, you dropped it?
Yes of course, the market went to crap 🫠😂
@@TruckingMadeSuccessful Thanks for the quick reply
Miranda , when you say “ we should be at 2.70 dollar per mile as an average “
What you are telling to truckers is that , it is ok to run for what brokers want to pay . You are not taking in consideration 5.00 galón of diesel , you are not taking in consideration that everything in trucking business is more expensive . Parts , labor , insurance , tires , permits , etc etc.
I live in Utah and I do not move my Reefer for
Less
Than 4 dollars per mile . I just got a load from
Slc to phoenix , 750 miles for 3500 , 26f , 2 deliveries.
Do You know why ? Because I wait till all those cheap haulers leave my town .
Your information telling people that they are ok hauling loads for
Less than 3 dollars and they are &$@;: that they believe it .
I am just reading off the data- according to the 5 year average the rate was at 2.70- which means currently even with the horrible expenses we are lower. I am not saying that you should RUN for 2.70.
@@TRANSPORTKING1988 are u O/O?
Seriously???
Look , so hopefully you will understand how I work .
Last year I only run 22,000 miles loaded amd empty . All
Those miles averaged above 4.00 per mile .
You know why I run only 22,000 miles , because people like you would not let me run my business . Because people like you would take down to bankrupt my business .
I did my IFTA . The Las 4 quarters I run close to 31,000 miles , do you have any idea how I survive ? I m disciplined in my business . I wait for people like you to take the crap amd when broker don’t find cheap labor like you , they call me amd I ask for my rate , do you get it ?
I hope you do .
I can send you my rate confirmation if you want me to.
@@TRANSPORTKING1988 don't be a bully bud. She just does lots of research for the rest of us. You come on here like you know everything about trucking.
@@TRANSPORTKING1988 that is a nice title MODERATOR. the funny part is that you want everyone to know who you are and you are watching to all …… be carful guys . Watch out !! LOL
hello from Ukraine, I'm working as dispatcher almost 5 years, is it possible to be hired remotely for USA company if i'm not US citizen but have active businnes registered in Ukraine (kind of private interpreneur)?
Shouldn't've you being fighting for your country ?
Marry me
You keep lowering the driver rate period period first started out 72%. Then it dropped down to 70. Now you're down to 65.!! No thanks.
The market is the market- can't jump higher than what the market allows
Trucking companies that run on spot market need to stay with spot market which means a guy isn’t going to be there long
Bruh is it me or she talk a whole bunch of nothhhingggggggggg. Real talk
Maybe to someone who doesn't know anythhhhhinggggg…. She's very detailed in her info. Go back to getting your info from those unrealistic trucker influencers, that educate you on taking cheap freight
Bruh....it's you...
This shit is literally nothing.... Just explaining the graphs no new information no contracts nothing... Weak Weak Channel yall just be bored as hell hopping to get insigh from someone who been in the business less than 5 years 😂 shit is sad
Telling you now ain't no hope in this channel y'all might as well go to the a casino thinking you gonna find luck or info on this channel
🤣🤣🤣
We all wish good rate per mile!!!!
Thank you 🙏🏼