Something Terrible Is Happening In Trucking
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- เผยแพร่เมื่อ 16 ต.ค. 2024
- The trucking industry is going through a recession unlike any before. I'll show you why this happened and how it's going to end. Enjoy!
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The whole trucking industry in the US is a mess, I work in the UK and 99% of truck drivers over here work for companies so we get paid regardless of the loads we move and the practice of paid by the mile is illegal over here as it encourages drivers to speed and cut corners, the big industry over in the US just takes the piss out of the US truckers and will always pay as little as possible, maybe you truckers in the US need to get together and make a stand against the corporate greed because it will only get worse
Agreed
Here in Italy I used tò work for a Company that paid you a fixed price if you drove within 400km, After that I'd be six cents for every km driven
😂well if you do the math with getting paid per mile you actually make $30/hr been company for 9½ years same company LOL!😂😂😂
Things are getting slow at my company. 4 days to do ab 850 mile trip.
I'm waiting around more than driving.
I could also be a handyman but I don't want to have to create a legitimate business.
This is how our stuff is cheaper. If you increase wages for everything then price of everything will increase so your increased wages will be negated. Less wages and cheaper stuff or more wages and more expensive stuff it is just the same thing after all or probably US system is better because US has the most money of all countries in the world
Another big problem that people don't talk about enough is the sabotage of the diesel engine, by the EPA. The diesel engine is, without exaggeration, the very heart of the economy. Without it food isn't planted or harvested, goods aren't shipped, heavy work vehicles can't keep utilities running, society grinds to a halt. Through EPA regulations, diesel engines are getting more expensive, less reliable and less efficient.
The EPA is responsible for extraordinary increases to the cost of living through multiple regulations that do more harm than good to the environment, a leader needs to be elected that will nuke the EPA.
yeah dummy, we have to breathe the air. it's up to technology to advance. your way of life is a failure if it poisons life. you really are dull
Now that Chevron Deference has been overturned, maybe we will see a change in this nonsense.
That's a load of shat. Keep thinking it though...
@user-uq7yr9mg3j I'm curious on which post you are replying. Thanks for the clarification!
That EPA is a travesty. What we've done to mother earth. Raped it for personal gain.
Truckers went from hero to zero
My brother had a trucking company and he increased to 8 trucks and NOW he has one truck and works as a lease operator
The average truck driver works 100 hours a week, we tell the cops we work 70, and we get paid for 50.😅
Exactly. Did too much shit for free.
You must be talking about Australia ol mate! Over.
100%
Bs...
Yep I pull 60 hours and they push me to go over 63
Too many foreigners flooded the trucking game !
Ukrainian immigrants ruined it taking loads at 0.80 cents a mile
@@Ronaldo443- we must mass deport 75% of all immigrants illegal and legal in order to get the country back to normal
Dang right every truck I see anymore
@@2500hdx it used to be a white and black man’s game with a few Latinos in it, now these Ukrainians and Indians/Arabs have flooded it.
Ya, that’s not what happened
What happened is the scammers from India became drivers and brokers
. . . And TH-cam content creators.
Don't forget the Nigerians also....
No racists here.... lmao. Maybe just uneducated I suppose.
Really?
What the heck? What does that have to do with trucking? I have yet to see truckers from India. LOL
#1 problem with guys who jump from a company truck to there own is hardly none of them can repair there own equipment they are at the mercy of other men.
Gotta buy expensive equipment as well as computer to diagnose the problems. The way the technology has changed over the past 20+ years you need to attend trade school to work on these trucks
I agree and that includes all the specific necessary tools and a shop or land to do all of the repairs.
Every trucker I talk to basically says the same thing.
Mass amounts of immigrants that take every single job regardless of pay and lower the rates for everyone, and at the same time the unskilled drivers are wreaking so many loads the insurance rates are also skyrocketing
Some of this would be addressed by strong unions
@@wendyleeconnelly2939 Unions and the Government are now one in the same, they tell you who to vote for, I know BS, no they really do.
Bussiness or by Extension Unions have Zero Bussiness telling anyone who to vote for, the Unions that "built America" actually didn't, and they pretty much only by Accident did anything good for anyone.
Government Employees are Union Members, and they are told who to vote for.
Nor did Unions get Child Labor Laws passed, another lie, Unions are not the answer, they are the US Government, and if you belong to one you work for the Left, period, since when was getting a Job supposed to force anyone who to vote for, is that a Free Country?
I belonged to the AFL-CIO for about 7 years, and hated every minute of it.
How much pay per week/month is your right to vote for whoever you want to worth, how much?
I think it's all kinds of people not just immigrants, I had 3 of my employees go into trucking for large companies to make more money, they each returned to me within a couple years wanting their jobs back. We work local and home every night.
I run a truck wash, and can tell you a huge percentage of drivers are Indian and Eastern European, and mostly from Canada. They don't know a word of English. They have Google Maps in their own language, which "enables" them drive. We have them pull up to the EXIT of our bay daily. They literally cannot read "EXIT". I used to trust truck drivers, but recommend people watch their backs now days.
Such a rotten little racist.
Been an absolute bloodbath in Canada, also one thing that wasn't mentioned. The Average consumer is now BROKE!!!! Yes, Canada, the US and Mexico, people are BROKE!!! the volumes pre 2020 are not coming back!
Yet, they are still spending like there isn't a problem.
When the lockdown happened i started cutting back on physical items. Now im buying even less. Im part of the problem. Very informative video. Cheers!
We just need you start spending a few billion on products every month plz!
@@Gill22 just absolute necessities and only at stores that offer cash back. Blind consumerism is a disease.
our role in life isn't to prop up an economy
One thing would help is increase the standard to be a truck driver, the market filled with immigrants who easily get CDLs assisted by the government who don’t know a single word of English, they would do any load for cheap
You fool forget one important thing that you’re an immigrant 😂
I expect when Trump comes back, the immigrants will leave and American truckers will do much better
Can't blame the person for taking the job. The government must look into this-multiple companies are synchcronizing their tactics against the truckers.
This is basically what is happening in tech right now with companies outsourcing to India and hiring companies like Cognizant to employ H1Bs.
The more these companies opt for non American labor, the less customers they are going to have.
Always blame immigrants for your failure to see the real reason. Scapegoating isn't new. Number of trucks didn't go up, mini trucking companies actually ran out of business. Yes there is truth in some people will do anything for any money but you can't blame everyone who wasn't born here. The gatekeepers are the brokers especially the Monopoly of couple of big brokers. They pay whatever the heck they want as long as they find people to move the loads. Let me give you an idea, bud,
If the truckers in United States were able to unionize things would change for the better! Just look at UPS. Good luck.
If flip floppers would stop hauling for $22 and a half eaten sandwich, that would improve 50% of the market...
The Global Economic System is crashing, that's why this is happening.
Be quiet fool.
Democrat Imported voters have permanently destroyed the labor and trucking markets, driving prices to all time LOWs
It's called Union Busting Democrat Pro Slave Scab Labor
Flip floppers here because US tax dollars funding corruption in our home countries such as the famous actor award winning white helmets and their weapons of mass destruction videos… and same company funding cashless India … usaid gov stop funding corruption!
If the trucking industry is in trouble, we're all in trouble
Not if you wanna buy a truck for dirt cheap. 🦅
Most of it are massive trucking companies who control the industry driving down rates to undercut smaller companies and O/O. This is why we need checks and balances in place to regulate monopolies on industry
No, we don’t. I owned a small fleet for years. I survived the big company takeovers. You just have to be smart. We don’t need regulation creating false economies. Let the free market do its thing. If a company becomes a monopoly, then so be it. Gas prices were the cheapest of all time, compared to inflation, when Standard Oil controlled the entire market.
@@thetowndrunk988we should only regulate the monopolies when they’re no longer at the benefit of the consumer.
@@motobecane1000 And how, exactly, did the government get big enough to bail out companies? We want the same government making regulations that put a noose on the free market?
No one is mentioning the high fuel prices,high insurance and high shop rates.
Too many middle men.
Truckers need their own stores to employ themselves. Make the customers pay you directly. Start a furniture store and deliver for yourself. You set your own prices and standards, with the customer.
The reason why it sucks rn is bc foreigners start trucking and alot of trucks are on the road so companies dont have alot of stock anymore. It used to be good, now it sucks
Maybe the 'foreigners' know more about what they are doing.
After all, those in the know get to run the show. You, my friend, plead a case for better education in your district. 🙏🧙
Nobody is spending money right now. There’s no demand
So in other words people are just stupid with their money. My brother was doing the same crap I told him he needed to be getting out of debt instead of spending more money on boats and motorcycles. He did not listen now he's selling his boats and motorcycles. I don't know why anybody doesn't know how to pay attention to the market. Just because things are suddenly cheaper does not mean you need to go out and buy every damn thing that's selling for cheaper. What it means is hold on to your damn money because the price is about to go up once the demand that's been created affects the price. On top of that why the hell does everybody need so many freaking materials. Just be satisfied with what you have instead of spending all your damn money every time you think there's a good deal every time you think you have a chance. The idea that having all of these material things is the meaning to life is nothing but a brainwashing that has been pushed on you buy all the commercials you have been seeing every day for your whole life. People it's time to simplify not complicate.
I'd marry you if I thought you could stand me! :3
It's not just brainwashing, it's the emptiness in their souls that they're trying to fill. Even people who are "spiritual" (of whatever vein), unless they are SERIOUS about their faith, they're empty inside and searching. For some, they try to fill it with sex, others use drugs, other use thrill seeking, and most engage in materialist acquisition.
The stuff is at least actually worth something
I used to see mostly American truck drivers on the road and we would talk on the cb, but now all I see is mostly truck drivers from other countries, no CB no communication, doing cheap loads
It wasn't worth it 20 years ago.
Unless you're a teamster. 😂
@@AtillaGenghisHuyter Yeah, you keep thinking that
@@petebusch9069 OK buddy!
You need to go back to 1978. The dismantling of the I.C.C (Interstate Commerce Commission) Deregulation brought in fly by night gypsy carriers. It's been a long slow slog to the bottom.
And President Reagan in 1982 added fuel to the deregulation by executive order!! It was great at first,but did irrevocable damage when the late 1990’s and beyond set in!!
Brokers are the problem 15-20% cut is one thing some of these brokers are getting close to 50% of the load
I work at a small diesel repair shop in Idaho falls idaho. and we have so many trucks sitting because people cant affoard the repairs. People dont realize how expensive it is to own these trucks. We just did an inframe on s 2021 peterbilt with an x15 cummins. The damn thing has Indonesia stamped all over it and the cylinder liners dropped . The inframe kit was 33k by itself. so by the time all was said and done it was over 40k. Suppoedly theres an inventory tax now that has also put a halt on getting parts. We are constantly waiting for parts to come in. Boss is going bankrupt from it
What's an in frame?
@@joewoodchuck3824 in frame Is an engine over haul with it still in the truck. We usually hand polish the crank and roll bearings in some get new rods and pistons some don't they just get new rings and cylinder liners.
@@MoparGuy-x1r Valves?
@@joewoodchuck3824 the ones we've done have been new head replacements however we can do valves if need be
An in frame on a 2021 that's ridiculous, but not surprising. The quality of the new trucks have been going down hill for a while now. I run a tanker in the oilfields of northern Alberta and northern BC for a very large tank truck company. Our shop is full of the newer trucks, the electronics in these trucks is just ridiculous, throw in the emission controls, DEF system, and it's a recipe for lots of down time. I'm running a 2014 deleted Star, our manager has said many times it's the most reliable truck in the fleet, it's also the oldest. Parts as you referred to are ridiculously priced. We put a new turbo in mine not long ago, twelve thousand dollars, and that's with the recore. Between the over kill of electronics and that stupid DEF system these newer trucks are in the shop all the time. Considering what these trucks cost nowadays, it makes ya wonder why anybody would want to be an owner op.
Diversification is key. I’m a trucker and started an e-commerce brand on the side.
It generates about an extra $30k to $40k on top of my $75k to $80k driving pay.
My business is only going up while my job is pretty limited.
You have a unique way that you can bring value to the market. Find people who have a problem and solve it for them. That’s how money is made.
You can do it. You have to believe in yourself and then patiently work toward it. You can do it!
Also, big transportation companies, such as Amazon, started to ship their containers through rail due to the skyrocketing cost of shipping and the lack of capacity. BSNF was charging around $ 0.65 per mile while we were charging $ 3.00. Within 2021-2022, railhead intermodal interstate operations more than quadrupled across US. This meant more intermodal loads and less dry van loads.
technology has provided the means for worldwide price fixing, there is no market.
all these big companies can afford their own fleet if they wanted to, but instead they use Carriers.
carries only exist to carry all the liabilities at the lowest cost.
Yeah my dad has been doing trucking for a bit now, it started with my grandpa having a moving business but in time he went out of business and parked a truck in a field, my dad worked at Comcast, but comcast started laying off workers so before my dad was going to get laid off he got that truck, fixed it (it fired right up after years of sitting) and has been trucking for a while now. But we are struggling because we opened a shop 4 years ago (months before Covid hit), the shop is going under and with this trucking recession we are struggling big time. But we are going to close the shop and just focus solely on driving now but hopefully we pull through, only time will tell.
I am really sorry to hear that, I pray that you guys pull through the situation.
Just because companies shut down dosen't mean less drivers. Government needs to stop facilitating the creation of new cdl drivers. That should be paramount on your mind.
I would caution with estimating on this year's holiday season as people are losing work and credit card usage is pretty well maxed out
Try going back to the early 90's when the market started to get flooded with trucks having 3,4,5 or more bodies inside the cab. The people who started throwing bottles of urine out the windows and introduced flip flops. Now the trucking culture is completely overrun, coast to coast to coast with this classification of persons. When you flood the market with cheap labour, the rates get cut.
Yup. Immigration destroyed trucking industry and the country
All your great legacy carriers lobbied Capital Hill to allow those changes.
I agree
One of the top 5 reasons things are the way they are.
@@Tyrone950 When America was White everything was fine, It was the Moment America started race-mixing that everything went tò shit
Been a truck driver for 8 years . Do you not realize trucking covers many industries concrete , oil , equipment , food , medical supplies . All these things are necessities cannot do without . It doesn’t matter how you attempt to save money you’re gonna buy this stuff at some point or need it frequently . Maybe some parts of trucking are like this but majority aren’t phased cause people still need them .
That's why i stay hauling ag😂 loads havent dropped mayb even rise a bit, shh lets not get this out there too much😂
Food and booze always move, recession comes and goes. But food and booze always move.
Tried trucking. Too many regulations, hoops to jump through, ect. Quit not long into it.
Only people that care about trucking, is social media .. politics don’t care, the government don’t care …. All we keep seeing is videos about how bad trucking is
Trump cares
@@altraveling7019 that man is gonna fix it!
@@HereIzMatty95It can't be fixed when the entire Global Economic System is crashing.
@@extremedrivr , Exactly, most Americans think 400 million Americans are going to somehow stop the one world order from implementing it's cashless computer technocracy. Nothing is going to stop these out of control climate change liars, and their big pharmacy pill, and shot pushing pimps in white coats. At this point it looks to me like they are going to Bolshevik our food supply, then get us to use our guns on each other. Do you think most Americans even KNOW who the real enemy is? I don't, all politics are just two wolves and a sheep deciding on what's for dinner and there lies the main problem. The sheeple are looking for a political solution to what is obviously a spiritual, and mental disorder. People can't even figure out what sex they are, let alone see the bigger picture, when this slow motion train wreck hits it's going to be real ugly.
Trump cares.
Im not into trucking but i see alot of foreigners driving these trucks.
Not in local LTL or fuel hauling and suprise, thats where the most money to be made is
Yes a lot of Muslims I see
It wouldn't be a problem if they would speak English instead of acting stupid. Soon as they start talking that gibberish I just stare at them
They have ads in foreign countries...come drive in us....make lots of money
Full of chinese at the ports,cheap,always in a rush 0 English,.😂😂😂
Greed has been identified as undesirable throughout known human history because it creates behavior-conflict between personal and social goals.
And it is worshipped in every corner of the globe
Also the thousands of brokerage and dispatch companies that flooded the market really nail the coffin shut.
tql…
@@slimqui481 This right here. Too many of these people who don't have to own any equipment, have little to no overhead, and make money off the backs of truckers while paying them shit and keeping 85% of the load.
Wait a minute. Loud_Thinker says there are only a couple of large monopolistic brokers messing things up.
ALL OF THEM are overseas....😮
Get rid of the flip flop suburban turbans and cascadia cowboys
They should have never gotten rid of the requirement to read and speak English fluently but we all know why they did.
Easy enough to do, go back to manual transmissions. Get rid of automatics, and the bad drivers will fade away
@@Libertad59why do yall act like driving a manual is so hard.
😅😂
@@Libertad59wanting to drive a manual when automatics are much more convenient is just a way of saying you have no other skills. Driving a manual truck gets old
It’s called a freight recession. Not enough freight and to many trucks.
The volume numbers aren't showing any issues.....the number of trucks though...
just buid another freight rail route
@@leagueofotters2774The entire Global Economic System is crashing. Wake up!!
The smartest thing that should be on everyone's mind right now should be to invest in different streams of income that are not dependent on the government. Especially with the current economic crisis around the world. This is still a good time to invest in gold, silver, and digital currencies (BTC ETH...).
How!! I know it's possible I would appreciate if you show me how to go about it.
What is the best way to make money from crypto trading?
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto professional.
The professional is Ms Charlotte Junko Walsh
Well explained. Thank you for bringing this up, financial education is indeed required for more than 70% of society in the country as very few are literate on the subject, thanks to Mrs Charlotte Walsh the lady you recommended
Too all truckers ty for ur service
I'm a company driver. This info works best for owner operators.
Same industry tho and companies will be affected…some sooner than later
The United States is in a recession right now. 65% of the people living in the United States, are living off of credit cards, and their credit limit has been reached. At this point they are only buying what they need to survive. At the same time, 35% of the people have become very wealthy, or increase their wealth. The rich people already have the things that they want so they’re not buying new things either. All of this adds up to a bleak future for truckers and Americans in general.
Great point
Lol
As a truck driver who knows drivers in any type of trucking, very true what You said. Quite good with numbers as well, good research was done👍
Thank you brother I appreciate that!
Love seeing this kinda content! I had no idea this was happening, I work in solar and it’s currently moving into a recession due to certain financier(s) collapsing, causing installers to collapse, causing sales organizations to collapse.
I have been dreamed about being a trucker myself, driving a Peterbilt or a Kenworth anything like that i always thinks that trucking is my golden ticket to get my income, putting food on the table, paying my bills and getting a happy life. and since i love driving, trucking is one of my go to jobs but it turns out that dream was actually gone long time ago. nowadays it's one of the worst jobs if the government really didn't care about truckers well good luck cuz you ain't making your country moves more faster, it actually makes you stop because of the truckers. To all truckers out there, YOU are the one responsible for the final step of delivering a cargo to it's destination if you stop the country stop too and YOU are the one who delivers us things that we need in our daily lives,YOU are the backbone of our economy. Do not lose hope truckers. Keep on trucking.
Trucking is now dominated by 3rd world cheap labor migrants. Until they're gone it's permanently destroyed
JUST IN TIME FREIGHT TOOK FREIGHT OUT WAREHOUSE. TRUCK BECAME THE WAREHOUSE. FLOODED MARKT WITH TRUCKS , RATES DROPPED. CHEAP FREIGHT IS BAD. MORE CHEAP FREIGHT IS EVEN WORSE.
You haven't mentioned almost the most important thing: after the start of war in Ukraine lots of Russians and Ukrainians moved to U.S. and started to get CDLs creating excess of labor force.
What are you talking about? There were drivers shortage any how. They got working visa. What about illegal immigrants that don’t have even CDL?
That has been a problem in Chicago for many years.
Before that tens of thousands from Somalia , Banglades , India , China and Africa..Not to mention Balcans and Europe ...it is being done on purpose by government for last 20 years...😊😊😊
@@melvinkeller1466Chicago is hub of all chaos with trucks ,ELD hack , illegal everyone , dispatch overseas and much more...😊😊😊😊
Hauling fentanyl and cocaine is really profitable. The cartels don’t require bobtail insurance.
Man, your channel is great! Wow!
My daughter's best friend was in Texas, when things got really bad there. My daughter and her husband invited her to Minnesota to move in with them until she get settled here. Obviously winters here are not exactly great, so she actually was able to chose. Fast forward and she is now doing really well. She's one tought cookie and doesn't mind the weather. The shortage here did bring changes, companies switched to trains and the number of wagons per train increase by a lot, BUT trains don't always go where trucks can. In other words, think options.
Lost all my savings trying to stay afloat. Back to company driving. Its terrible 😞
How long were you driving before you started your own trucking company?
@@Nardius1999 About 9 years.
Shit, sorry to hear that
debt is no joke, interest payments will eat up everything, and I just found that out the other day, now I'm in the process of paying my debts in full and cutting up credit cards and they can go to hell with their greed, cash is King in trucking, you can survive in bad times, when you have no debt
Can’t even afford to pay rent. Had to move out and now living in my truck.
Taking loads less than $ 2.00 just stalls full bankruptcy temporarily. Slow starvation .
There are simply too many operators out there who undercut each other. They accept the cheap loads and in so doing make things worse. Why would a shipper accept your bid for $3 per mile when there are 10 other people who will haul it for half the price?
Some of us can pay ourselves .70 cpm off of $2.00
Ppl r stupid enough to pay 3x the value of truck r 2 inexperienced to know they can't hold out and they will be drained financially & emotionally. A guy I know paid 60k for just a pick up. His costs are 1k mo. He can't sell it & he can't give it back or it will ruin his credit and depends on his credit card to live. It's a most vicious trap and he can't get out even though he has good retirement which is being drained by our facist government to pay 3rd world ppl to travel and live for free in the nation, we made for us 1st world ppl not for 3rd world ppl. 😮😢😢
We made $2 a mile when fuel was .80 per gallon.
@@unclefester3007 fuel .50 pm + .70= $2.20.
10K a yr for tires, $20k for insurance, reg say 4k, oil & Lube, shop work $150 p hr.
This is a very good explanation of what many of us knew four years ago
My dump truck clears at least 3600 a weak after diesel. Im in the country and my friends make a killing hauling wood and equipment with their semis. I see no issues in virginia as long as you're an owner operator.
I'm buying my first truck to do just that! Keep up the good work!
If that was the case this video wouldn't make any sense or anything anyone is saying about the industry
@@Duplexes_Ebay Or maybe it is those in certain situations that are doing poorly and generalizing to the other 3+ million drivers in the industry?
Oilfield in OK and TX doing good too. Both W2 and 1099
BS
I ran during the pandemic I rarely saw $4 loads.. it was always 2.80or less
9yrs later I’m still sitting on my Class A. Still ain’t worth driving I see.
Absolutely 💯!!! Thank you for your service! Kenny Nash DESIGNER COUNTRY OUT NOW! DEDICATED to those who serve! Kenny 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉
U Can Drive locally and make 20-26.00 a hour.
@@rodneywilliams6000that’s terrible
@MrLos-lq4vl It Depends on where you're at. I'm in Florida, but if you're from up NORTH, U Could Make More.
@@rodneywilliams6000 I’m In FL too bro. I paused my CDL online with a few clicks so I can keep it, but not need to renew medical cards.
I'm glad I found your content, I ship a lot of products from my e-commerce store to my distribution and soil company from small boxes to full truckloads and LTL. I need to go more direct two smaller companies or independent operators on LTL and full truck.
Losing your home? That’s why you get an LLC.
I am so glad I retired last year.
you are lucky..
100’s of 1,000’s of cheap immigrant drivers is the #1 problem.
Brokers are the problem not drivers
Read that contract before signing it. Banks are not your friend.
We don't have carrier capacity.. economy is shutting down.. getting contracts is impossible.. on the flip side .. they better hope the economy doesn't improve.. if it does.. carriers are out for blood
When trucking was deregulated it was the beginning of the end. You have 1 truck trucking companies that dont even know how to figure costs. Trucking has become a least cost race to the bottom to see who can stand the most pain & the least profit. I was in trucking for 45 years. Got out during the covid scare. Turned in my CDL the otherday.
The market ain't bad right now , is regular market before Pandemic , the main thing is costs of operation, they skyrocketed. I remember back in the days we use to run open decks with avg 2.20 to 2.70 right now is the same thing , just maintenance, insurance , diesel and other expenses doubled.
Are you kidding me.. market socks..
THE COST OF LIVING , dude!!!! It is insane. Yes, you can compare the rates , you are right. BUT, the inflation and cost of diesel , you forgot to mention.😉
This why it all screwed up. Dumbasses like Mozart 😂
@@Corleone_Napoleonediesel always been high since the early 00’s.
Your ignorance and cluelessness is high The market is as bad as it was two years ago
RIP everybody
In California new OTRs make less than minimum wage!
There’s a few people who were lucky enough to get a job hauling milk or gasoline making $40 to $50 an hour
In California a burger flipper makes 20 dollars a hour and goes homes every night!
In California a OTR makes about 15 dollars a hour with all the responsibilities and gets home every 2 to 3 weeks!
Who wants to be a OTR in California!? 🤬
Simple to many easy to get licenses for box trucks. Over capacity.
Excellent video but point missed was that people’s purchasing power went up not because they were sitting at home ordering stuff but that they will paid for buying the stuff by debt creation / money printing. It artificially hyped up demand which creates inflation. Once the money stopped the economy returned to normal (if one can say pre COVID was such).
The economy has NOT returned to normal!!
The entire Global Economic System is crashing
Wow. The most informative and intelligent video anybody in the trucking industry has even made.
I got more loads than I can handle with my company I stay moving and racking miles
What company? Mine can't keep me busy at all. Only working a few hours per day ,some days nothing at all. 😢
Everyone’s just trimming the fat, if your lazy your sitting
@@DatS1ck_LML I bet you have a side hustle of a lot lizard...
@@MaxDamage-bh2os that’s the main hustle, drivers just pay extra for me to drive
@@chris76-01pro truck inc
Out of Mount Prospect
Ya I’m getting ready to hang it up and go back to the drawing board . Trucking has changed alot last few years
everyone is hung on pandemic rates but the rates have been sht since BEFORE. LOOK at the charts guys!!
Before the pandemic rates were decent. I would say they were “standard” (especially contract rates). The rates will never go to pandemic rates and I don’t think anyone should expect that either you’re right.
@@Gill22 yeah they were better higher and more consistent because freight wasn't as popular, then everyone ran into and flooded it thinning profits as a result . but the market always naturally corrects itself just no-one knows when
And fuel was cheaper too
@@GreyberryincNot by that much
When we offered them free trucks they will come
"Free Market" idea is what caused it. We are a capitalist country. We can not survive or deal in a free market base. Our bottom line must come due at some point.
When diesel was $.10 a gallon and gas was 14.9 a gallon we were not in a global free fall. If the french market falls we fall. If the Brazilian market falls we fall. If cocaine goes up and more bullets come out we go down. TPP was a done deal when it bought Curtis Mathes, long before TPP. When Sylvania and RCA were bought we lost hiring to HR and we lost the private pension to the 401K. Now your investment lives or dies on a 175,000 dollar truck hauling freight for nothing that has two bad sensors everytime you crank up that sounds like 5 aluminum cans tossed about inside a sandbag. If the world says go green, go green. If the world says we want a 10 year property deal from america to setup shop in america then don't bitch when Sony sets up and gets a 10 year reprieve on all bills and utilities...then leaves after 10 years. No market is "FREE" to The United States.
This is equity. This is the stock/401 age. This HR. This is TPP. This is NAFTA. This is Zoom Zoom Zoom. This is Bic-Lighter.
This is trucking. This is your new truck. This is your retirement portfolio blindly paid at 3% on every check and you have no idea where it is going. This John Deere sold back to you after you were terminated from John Deere and you still can't touch it while "holding the steering wheel."
This is your new truck. This is "undocumented" labor at 75 hours a week on straight wages sitting parked right next to you traded in the market place for your 22 hours and told to go home, see ya' next week. This is that 1,000 dollar Maytag you can't touch that requires a 400 dollar call-out to repair twice a year.
You can retire comfortably at the end of this year for everything stated above. Drive on.
sheer madnesss prevails
💯 well said my friend. It’s unbelievable what’s going on I been in a truck cab since I was 18 I’m 39 now and i literally watched the money leave the industry to the point where working at a warehouse or retail paid nearly equally money. I’m currently hauling hazmat and tanker gases. If it wasn’t for the hazmat regulations and requirements that keep the hourly rates decent I would have to move to another industry
You dont understand what "free market" and "capitalist " even mean
High rates in 2020 had nothing to do with "peoples work remotely and spend more money", the only reason of the higher rates is money government threw into the economy which caused enormous inflation later on.
Dumb dumb... the government tpp and 2 checks for less than 2k helped ease inflation down the line. The USA had the quickest economic recovery of any country post pandemic. Doing nothing would cause continued inflation rather just ripping the band-aid off.
Exactly. And all the government SBA loans that carriers could use to subsidize themselves in this loose market
Yes, exactly right! You understand what happened a lot better than the guy in the video. If what the video said is true, then costs and rates would have returned to pre covid19 levels already because consumers will buy about the same amount of stuff per year ON AVERAGE. So, by now, the stock piles of stuff they bought during lockdown should have long since been used up, and they'd be back to buying stuff again.
Excellent video.
Subscribed!
0:16 Gill22: "cost of Trucking $2.25/mile" -
-Average pay $2.50/mile =
-- $0.25 profit/mile
-- x average 100,000 mile driven/year = $25,000/year take home PAYCHECK
-- (365÷(7day÷5work days))=260 work days
--$25,000÷260work days = $96.15/1work day
--$96.15/1work day ÷ 10 hour SHIFT
= $9.61/HOUR PAY😅😅😅😅😂😂
--$96.15 ÷ 8hour shift = $12.02/HOUR PAY 😮😢😅😂🎉
When I started trucking in 1998 as a company man driver, I was paid 30 cents per mile; and I liked it! I loved it!! Darn it!!!
A huge part of the problem is company drivers willing to work for low pay. Low paid driver’s support cheap freight models. As a local driver I’m paid $30.77 per hour and I do get hours. My pay isn’t extraordinary in my area. Most local drivers here are $26-$38 per hour.
Seems like every local job I see wants to pay 22-24 an hour
@@rustyshackleford6637 western Oregon I-5 corridor. Food, beverage, fedex, ups. You have to look at jobs outside the big freight company spectrum. Budweiser, Weyerhaeuser, US Bakery, Fred Meyers, Safeway, Albertsons….. all of these companies are hiring. And the pay and benefits are good. $28+
It’s not coming back ! Low freight is here to stay.
Great analysis. I personally know other truckers who got caught in the trucking demand bubble. They are trying to scrape by taking whatever freight allows them to cover their truck payments.
Great video but this is a huge issue that could be discussed all day. Many reasons for the problems in trucking, almost all of them are caused by the government. Hard business or be in. High operating costs, high capital expense and the second most regulated industry just behind airlines. Find something better to do.
Government is the problem. This doesn't happen in free markets.
That isnt what a free market is. A free market is when government makes rules to make it free.
This is exactly what happens in a free market. Shit happens, get used to it. Stop blaming regulation. I would blame a lack of regulation for not allowing a minimum per mile. You're just spouting off political buzz words with no context.
200%. Government. Brokers , insurance. A race too the bottom undercutting each other. I just quit long haul after 10 yrs.
@@therighteouswaytog0so how long you been in trucking?
stop blaming the government, blame greed, and if the government is not around, this country will be a 3rd world right now
Cure to high prices is high prices. Market doing it's thing.
What you said is correct but I can make a whole lot of money working right in my garage fella.
Tricked alot of people, now we pay ❤
Blame the brokers and foreigners who are willing to do it for $0.90/mile.
Too many people pushing prices down. And... the ports are about to close.
Skip being someone else's middle man.
If you want good, reliable shipping between warehouses... get your own contracts. Avoid middle men and just hire or subcontract without the middle men. Go ask to hire someone at a trucking school. But don't use brokers... ever.
I'm happy I sold my truck at the peak of the market.
@MrTruckGuy-Gill22 yes, local tanker.
There nice trucks being sold for $15k in California.
You're forgetting two things: Driver Age and Government Protest.
All the drivers that exited on the pandemic were approaching retirement age. Now, in the recession, they are in retirement age, thereby are now overqualified for work and thus aren't getting hired. It now truly doesn't matter how the pendulum swings, *absolutely nothing* is about to get delivered on volume on time, which can only be prevented by governments getting involved to incentivize retired-hired the same way it brought back doctors and nurses during the pandemic workforce shortage.
Which brings us to the second problem, being the Freedom Convoy Protest, that all the same politicians are still in office from that time, so they have absolutely no incentive to assist truck drivers. The only way politicians in North America will ever assist retired truck drivers is by having elections right-very-now, which is not going to happen in Canada for another 18 months because of Trudeau nor in the United States because of Harris within 6 months, so we have to get Poilievre and Trump in office immediately in order to oppose their predecessors through legislative action, that's simply the nature of this political beast.
If nothing changes at this critical juncture, Christmas is going to crash the entire delivery and supply chain because of all the non-essential consumer spending, that while companies may favor fast cash loads, this competes with natural resources and essential goods, this in turn triggering price hikes, that 2025 will practically nose dive into a severe unaffordability crisis with a non-delivery food shortage stacked on top of that.
Now keep in mind the mass immigration Trudeau and Biden facilitated for tech labor and farming labor, neither are drivers but all are still in need of housing and feeding, will practically punish native citizens for this population stocking, so what we ought to expect is mass deportation policies such as what Trump and Poilievre are already proposing, they have far smarter people already seeing that this problem exists, the catch-22 is that this will impact retail chains and farmers with staffing unavailability, which in turn raises prices even more higher.
Canada and the United States have basically no choice but to implement Basic Income, which should be paid out right now because savings and debts need to get covered in order to soften the impending crash.
Bottom line, we have more citizens than we do workforce to sustain it, and basically a massive generational gap which can not shrink on the present shape of society it relies upon, a shape which does not allow immigration to fit into it, so the only option is free education for all, colleges and universities will need to be government sponsored for unlimited courses to native citizens only, no tuition debt can be allowed as barrier to entry.
As long as the trucking industry does not have a price floor set at about 3 bucks a mile . That would settle a good portion of problem ..that would cut a lot of the brokers out of money ..the money changers
This sounds like the same thing that happened to small Family Farms 60 years ago??? Does anybody else see a correlation in this? Serial bad decision makers everywhere. Not just the ubiquitous children, but also the ubiquitous child minded elders.
Feels good to be a company driver.
YEAH THE government GOT INVOLVED!!!!!
All trucking needs to be behind a trust.
Best thing I did was payoff truck and trailer when rates were good. I hope other owner operators will survive
Everything is on the rail. JB hunt, rail, final mile, autonomous etc... Watch the trains pass by. Every trucking company has trailers on there. The rails are working overtime.
As a driver, I've known most of what you spoke of here, yet you have presented the BIG picture of the trucking industry better than anybody else this far.
Thanks for this info dump, & we will be 1 of the comanies who stays in the green!
There's always something terrible happening in trucking. It's always been this way. It'll never be a settled profession.