Trucking and Freight Market July 25, 2024: What The Heck Happened To Trucking ?!
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- Опубліковано 17 жов 2024
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Consumers are squeezed, high credit card usage and now evictions are increasing.
Finally the video I've been waiting for lol
This week has been absolutely horrible as far as rates
Sucker, get access to better freight, load boards isn’t it!
Its really crazy times in trucking and America right now. Really hope things get better soon for everyone !!! Be kind and safe out there.
Thanks Miranda, smile ✌️💪😍
TRUMP - TRUMP - TRUMP !!!
Trucking industry is DONE!!! No parking after 4pm, crazy stupid DOT regulations, Insurance rates totaly out of control...thats it, im done with this
Yes, 💯
Trucking isn't done. It is only that family-wage jobs for Descendants of European Christendom (translation for the stupid, this means "white" people) are done.
Trucking isn't done. It is just that family-wage-paying jobs for Descendants of European Christendom (translation for the stupid, this means "white" people) are done.
The weak leave. Only the strongest that been trough the years know how to survive
@@Sanjko87 ahh maybe or maybe sm just smart enough to leave and get out. You must like working for free.
Thank you so much for your videos. I would love to slap the face of that broker who spoke unkindly to you. You are such a lovely woman both inside and out. You’re super smart and very professional. I cannot believe someone would be unkind to you. I feel so badly about that. God bless you.
The main thing you need to know, this business is not for Slackers. If you are not a self stater, keep your job. If you like, expect to be home with your family at a certain time, this ain't for you. Once you invest your money you have to keep the wheels turning to make the money. Even when the Post Office don't run, You have to. Rain, snow, sleet or hail. No rest for the weary. This isn't for people that can't manage their money, credit and time!! It can be a fun way to get to travel and make a good living. If you have small children or a new Wife, you better think twice.
I will never be a slacker in my life. I always know the right time to make my moves.
I don't know anyone who likes sticking around in a town no more than 10 hrs .
This is a slavery, not a job.
Exactly.
Miss Miranda! It is not " in your head" honey! Trucking just sux period! You are the Queen of the trucking industry, and you do a fantastic job of keeping everyone informed. We appreciate your dedication as well as your content within these videos. Hang in there and just maybe this crazy industry will turn for the better for everyone. Thanks!
Appreciate the hard work young lady
Was hauling good loads out of NM,AZ. But now it's saturated with the steering wheel holders, destroyed the rates over night.
Hang in there! You r NOT alone!
We saw exactly what you did...more hours for the dispatcher and getting VERY good at laughing and saying "nope" to horrible loads! Thanks for your time again..we need you!
It's not just you .. but we continue to push through, as usual in trucking. Great work girl!
Miranda 😮you have rocked the boat 🚤 they’re coming for you 😂!!! My dispatcher 😅was giving me grief this week now I know why!!! Midwesterner!!!
Oh, OK I member a couple years back you were stuck on the dat board and I was telling you about Internet truckstop. Glad you made the switch. It is the number one board in my opinion.
It is terrible this week! It's extremely frustrating!
Don't complain about it especially if you are going to keep hauling it!
@@vaughncowan4055 I don't haul it. I sit till 3$ a mile or more comes up. Stay in your lane!
I’m an automotive technician, for twenty years the industry has complained about how short the industry is in mechanics, but continues to make being a mechanic worse and worse. Sounds like the trucking industry is doing the same thing. Making these careers suck more year after year is not going to get you more truck drivers or automotive technicians. Why can’t they see this?
The industry SUCKS , sweatshops on wheels. Approaching 63 yrs old I gotta stick it out a couple more years to retire but if you’re young enough to change careers ….DO IT!
I been driving 35 years I'm 57 i trained my son he's 24 I told my son don't stay as long as I have because it ain't going to be the same for him
@@surewayauto37 true, in my 35th year myself. Sold my last truck in November’23 ( miss my ARI sleeper, though) . Playing Steering Wheel Holder back at company I I used to drive for from 1996 to 2009 just to replenish my retirement savings partially drained by my last truck that turned out to be a lemon. I can’t wait to retire. Had enough of all the B.S. )and it’s just gonna get worse.)
I’m done in a few more weeks at 68 for me it’s been a good career
@@patchrat1 happy for you
I don't even answer calls form TQL
Why not...
TQL has payed my factoring company $8500
@@victorgarrido9481 don't get me wrong, TQL has paid some of the best paying loads we've done in the past (mostly in a hot market), but in a market like this, they are a waste of time, most of the time calling on destinations I'm not even posted for, and if they have a lane I'm interested in, their rates are half of what I'd consider a starting point. Not only that, they are unprofessional and immature. If I ever chose to do a load with TQL, it will pay waaaay over the market price, to offset their immaturity, lack of integrity and potential problems. I prefer to deal with mature, calm brokers who have respect and can tell the quality carrier. I only have 1 truck and 0 inspections. We've been on the market over 6 years, and it's been tough, but the most satisfaction comes from making the right business partner choices. That is, first and foremost, the brokers I chose to work with.
LMFAO, they call you trying to use your truck? Or all their damn calls while hauling their freight?
@@heads_together_crypto2422 they call on a posted truck - that's when I mostly don't answer. When we're on a load I am extremely good about updating every step of he way, so we usually don't have issues with extensive check calls.
Loads are horrible in the point of view of a Broker. The month of July for example I move one lumber load. The rest of my loads have been equipment. So yes the RPM suck.
The bottom fell out of reefer about Tuesday this week in the Midwest, below $2/mile and still loads flying off the board. Unreal. It’s not just you, this week was terrible.
illegals driving for 30 cents a mile. Thats your problem.
Since you like data, is there a way for you to compare the same data with what was happening 2007?
Interesting idea, I will try to find some data for 2007
we are in a recession construction is down trucking sucks industry laying off, this maybe worse than 08 look out.
farmers commodity prices less than breakeven, fuel prices rising.
Government doesn't care.
time for new administration!!!
Thank you for all the hard work you put into these informative videos 👍🔥
Hello, My husband and I started a hotshot trucking company based out of Washington state. Our company is a LLC and a little over a year old. We transport freight and vehicle locally and from state to state with a 18ft trailer (now we know we need a 40ft trailer to get the job done). We haven’t made much profit yet due to self funding and in need of better equipment to increase profit. Due to little profit and income, it was very hard for us to get a loan soooo we hired a grant attorney, to help us search for grant programs within the state of Washington. We’ve got the grant, and we believe that this investment could potentially improve our operational capacity and profitability.
You started at a bad Time probably bought a truck overpriced
Do you have any connection where I can get grant here in Florida?
@@jjjohnson6981 Yes
Yes
The grant writer I hired can help you get grantors anywhere within the United States
For me the week was pretty good up until I had no options from my friend brokers today and had to go to the load board. That was a rude awakening!
Finishing my week with an average of $2.63/ loaded mile. Dead heading home tomorrow from South Carolina to Florida panhandle. For whatever reason all the short loads between Georgia and Alabama have disappeared this week. I usually don’t have a problem finding a short run to get me close to the house but not this week!
@@mikealdrich7279 hi
And what was the gross per week?
Would you he able to share?
@@mihailtodiev1837 the gross to the truck was $3995.50. It was only a 3 load week all under 550 miles loaded.
All truck drivers shouldn’t “Net” no less than $1,400 per week(local drivers) and OTR should “Net” no less than $2,800 per week!!!!!!
😂😂
Tell THAT to the Brokers!! haha...
Wow - Those numbers are shockingly low. Hardworking truckers should be paid more
Hola, Miranda Bella y hermosa. We have been waiting for a load from GM or Ford for the last 3 days!😢😢😢
Step deck dispatch here. It’s been tough and tight this week. Survival is going to show its favor to the smartest and best management.
3 years of this it won’t get better you can be Einstein and it won’t work because too many people have accepted the low rates and they’ve normalized taking cheap freight
This was the first video I watched. Very educational and interesting. So I definitely liked and subscribed!!
Slide off the cliff begins, huh?
Thank you for the update Miranda!
Hello Miranda Stay Blessed
Thank you for your work
I just saw a video, 30.07.24, about the Panama Kanal and how ships are waiting to pass. I am not a trucker, would love to be one though, but could it mean that there is a massive delay in the supply chain?
This weeks drop could be related to CrowdStrike crashing during update last week. People have understand millions of businesses across the globe use their service and with all of them having servers down just imagine what it causes. Look at airlines alone , pretty much 90 % of planes in USA alone were grounded and pretty much every industry uses them. It caused a shit show all around the world
It’s been horrible this week, so I decided to drop my truck for maintenance and about to take my family to Tennessee for a little vacation.
Hope you ha d a good week with the fam and kicked back with some Tennessee Whiskey
@@Topjunkie-r4s Thanks, and ohh yeah we had a blast. Good whiskey, wine and beer. Love TN
I left otr and came up to North Dakota to drive in the oilfields. I got a high paying job with benefits in one week.
Goodbye otr and crazy four wheelers!
The economy is tanking
No, it is not.
@@chsmithins How has it not? I guess you missed the high energy bills, the high grocery bills, the outrageous prices for new trucks (commercial or non), the high fuel prices... get real man and open your eyes. Democrats have to get out of office to save this country from falling to it's knees financially. And on top of all that.. The dems reached the 35 trillion dollar mark for the national debt with all the bs spending they have done.... which caused all this infation. I'm voting Trump so I can not work 2 jobs and put money back in my pocket!
What is a rejection? What is getting rejected? The load by the driver? by the receiver? I don't drive anymore and haven't heard of this...
Contract loads
Johnmaker..rejection in this content means that there is contract loads( dedicate lanes assigned to specific carrier by manufacturer, shipper) also there's the "spot market" the load board we go to find loads...when those carriers contracted to those dedicated loads which they can only haul refuse to move that freight because the price of their contract has become less than the "spot rate" is called " rejection"......... on the other end when we deliver load and there's an issue with it like wrong item.over..short..temperature. damages etc is also rejection ..
But when Miranda talks about rejection is good for us not dedicated to specific route because the rejected load gets posted on the " spot market" or loadboard then we can access it and negotiate a better rate...BTW!! Im not a freight MIT analyst.i didn't stay at the Holiday Inn either!!😂 i just subscribed to Miss Miranda " Trucking made successful "!!!😂😂😂😂
@@carloscortes5570 Okay, I get it now. Thanks.
Took a load from Kingman, Arizona, to Vernon, California, sat a day because there was no load worth taking, finally decided to take a load to Vegas to go home for a total of $2600. Thought it was going to get better for a little while, at least, but it does not seem like that's the case.
This is horrible I have done 2 loads so far and with all the money we have spent on gas, tires etc we have about 100 left and will have to give everything we make this week to my driver since he is doing the most work. What do you think we should do for those of us who dispatch our own trucks but aren’t making any money ? I own a 40ft HS
Do you do brokering? Where can I find brokering?
Brokers are getting upset because things are turning and they don't want you to start realizing they are about to loose control and that the ball is about to be back in are court .
Thanks for your info!
Hopper loads (bulk commodities )were in the crapper as well. It has really tanked since July 4 as well. Miranda, question. Does truck stop cover bulk haulers…ie :Hopper Bottoms?
It’s not all in your head, I haul flatbed and I’m sitting and waiting, at home.
Thanks for sharing. Do you guys cover hazmat and military loads or do you all just carry typical dry van reefer and flatbed stuff?
We do cover military sometimes, but not hazmat
"....you have to watch your mouth" 😮😮😊😅😂😂😂😂
Thx 4 telling us some of that fun stuff I could just imagine, your kind self, telling him that, with your great way of speaking, accent and pleasent wway about you. 😅😅😅😅😅
I’ve been thinking about switching from DAT to truckstop, would you suggest TS for reefer hauler?
From what I see you can use Truckstop for reefers as well but if I am not mistaken, more brokers use DAT for reefers (although I am not sure if its actual brokers or dispatchers since DAT used to allow (not sure about now) no MC signups)
I work in intermodal and we are very steady. I go from terminal to port and back everyday!
Call me cynical, but if true, why would you be advertising this? Christian charity? Life is too boring without a rapid influx of competition to drive your pay down?
@@treyfeeley2519 are you company or O/O?
@@TheeRealDuPree Company,
Hi Miranda,thanks always ! So, no more DAT for you ? Or do you use both ?
I only use truckstop, I have for almost a year now since switching to FB :)
@@TruckingMadeSuccessful Oh,ok.
The market is in the dumps, the rfps from customers are so dirt cheap and have so much competition it’s not even worth it.
Was sent a rate quote for spot bid from a customer they ccd instead of bcc, there was 123 brokers and carriers attached.
I just ignored it at that point.
This week takes the cake with the number of brokers that hang up on me, and amazingly not all because I was trying to negotiate the rate. I had one hang up because she wouldn’t wait for me to check on the map where the extra stop was and the other one because I asked what the commodity was. I seriously considered ceasing operations…
Oh Snap
Everyone needs to stop taking loads under 2.50-that is not even profitable- a new truck costs nearly 200k- you need 3.50-4.00 to be able to replace your equipment and keep it maintained-I know I am wasting my time because a whole bunch of foreigners are willing to spend their savings to own a truck and live on little money
Sadly you just maybe right on the foreigners thing.
We are our worst enemy
Are u saying 3.50 net? Or gross?
I don't even understand why they let foreigners coming here and drive a semi truck that don't know English fluidly. If you go to their country I bet they won't let you drive
I work for a Carrier that runs low boards. Brokers, and we are a broker. And my load coordinator was complaining about freight rates this week also.
I don’t know about you guys but I’m running partials in a 26’ box truck and I’m eating good.
What’s a partial? I’m curious about box trucks.
@@Deevine_ Put 2 or 3 smaller loads together going the same direction to maximize your profit. 1 pick 1 drop doesn’t pay unless broker is giving you a good dedicated rate.
Inlost a really great dispatcher this week and her replacement is showing cracks trying to negotiate a good rate. my net revenue is currently stable, however the way I'm running my truck is short one day loads compared to multi day loads. we also are off spot market primarily hazmat specializes. forecast looks bad going into next year election years suck for working people. good luck.
I find that load volume and price fluctuate somewhat intact to interest rate cut sentiment. Once everyone believes that interest rates are going down, PPM and volume goes up and vice-versa. Maybe it's just coincidence, nowadays to much emotions on the market it's hard to figure it out .
From ur video I understand why the push for self drive trucks from bigger companies Schneider swift and Walmart are taking deliveries I say buy stock n ai,self drive and trucking companies
So when ur job comes to an end u won't b screwed
Truckstop listings in Minnesota around 112 posted loads a day flatbed compared to 2 years ago 750+ a day
You are not alone! I had a situation with TQL this week as well…🙄
I got banned from TQL last year bc I explained to the broker that working with TQL is like having a mistress you don't tell anyone about bc of shame and only use bc no one else is around.. hands down the worst company around. If you use them talk to the shippers about direct loads. Shipper hate them as well
I booked a load today out of Detroit, after booking the shipper basically asked my broker to keep me on hold while they shop around for someone to take the load for less. My broker explain that the rate was fine and that they won’t get their load shipped by them if the driver (me) finds another load. 10 mins later they drop the rate $100 which was fine because it take me home and it has no deliver date. So pretty convenient. But wow! Never mind the economy these shippers are just as shady as the brokers are.
I do have some input I hope people can put some light on it. If load per truck is so low but yet everyone has tools like UA-cam and Social media and brags about how much they make as OO. So with that being said everyone becomes a OO and there isn’t enough volume to keep up with all of them. So the only way for that to stop is a lot of companies need to go under in order to compensate to even itself right or am I wrong?
Can u explain a rejection rate so people understand a comparison on loads
Everyone try to stay positive and hope things get better soon. 🙏
Brokers have been a little weird this month. Yesterday I couldn’t get a load from Ontario, CA. Trust me when I say this. I was still looking for a load at 5 pm 😂. Which o choose not to drive nights. I was desperate 🤣
John Deer has been shut down the whole week, meaning a lot of carriers that were pulling their loads are back o the load boards. This is at least a case with my company where 50%+ of our loads were JD meaning we had to fight it out on the load boards. Next week things should be much better as they are going to start shipping again and ALOT of carriers/trucks will be covered with those loads.
Oh that's interesting! Thank you!
Which John Deer is that? I loaded at JD in Dubuque on Tuesday, flatbed load. That plant is closing for good and moving operations to Mexico in 2026...
The Deere run by self intitled greedy fools
John deer is getting out of America that’s why
@@anthonyh884 I was talking about the Iowa facilities. Specifically Waterloo. Everything was down at the time of that comment, actually it was this week as well and they will finally be back to shipping again Monday. Dry Van stuff.
All I'll say is that i had a good week. Can't complain.
Do I need to have an MC to see the board rates on truckstop?
If i recall correctly yes you do at least on Truckstop. I cannot recall if same on DAT
You do need an MC for truckstop.
Just looking at the rates is bad....... but ........ Dont forget about all the so called brokers turned scammers and fraudsters that just love desperate people. My point is, fraud is the only thing small businesses should be focused on right now. To answer your question about rates..... You can view the exact same prices on all the free load boards. Same loads are on all the load boards.
This weeks been a little rough, was on a project, then another broker stepped in cut the rates and killed it, back to the drawing board, just gotta stay in the right lanes, and make smart decisions
I do hot shot trucking. I go to the shippers and secure my own rates. No dispatchers or factoring companies involved. I make 6 figures a year and will be expanding later this year. I do have a dispatcher for loads coming home when needed.
This what I have heard is to use load board to see companies then to go straight to companies to book loads.
I am just a reservation fool breed.
Just a steering wheel holder but I am trying g to learn and pay attention.
Momma always said look before you leap fool
@@josephparr6816 I've found local companies where I live and even some Amish to haul for.
July has been very busy for us at the Los Angeles and long Beach ports
Yea how about the rest 11 month? 😂
That botched update that effected microsoft systems prob has something to do with it. The Cubicle People lose their marbles when they cant just clicknscroll and actually have to pick up the phone.or write things on paper.
I suspect that as it becomes more difficult to do business in California, you might see the spot market improve. But that doesn’t mean it’s a market where owner operators want to run.
Why don’t you cover tankers. They are doing well.
I haven't found data on them
They don’t put out data for tanker. Interesting to me but I’m ok with the rates right now
I'll tell you what blows my mind, I work for a major carrier and they are constantly hiring. Every week they are having new groups being trained. I don't get it. Also, as bad as it is...I would think that they would start with pay cuts but no. I'm going to ride it out.
Flatbed has been ugly this week, I took a IA to OR load since its the only decent load I couldfind in the N E. Last week Cali was awful. Colorado hasn't been worth seeing this year.
❤❤❤ love watching’ always informative!!!
Only the best survive. Get used to nothings changed in my 20 years of trucking. Just normal ups and downs.
Best? You mean chipest? Nothing in truking is best.
@zell863 what's chipest? Do you mean cheapest. 🤔 meanwhile I'm over pulling 5$ a mile with a hotshot truck. Lol
@zell863 keep in mind trucking has always been a low skill labor job. Nothing new here either find the niche or except the fact there's a million other people doing the same thing you are.
I am asking the same question,
Trucking is done. Get out as fast as you can
@ryanhale8013 Nah Trump is going to make it great again lol
Starting soon. I’ll wait it out a few years, my life savings is $4.
Even if Trump wins which I hope he does, the economy will take anywhere from 12 to 18 months to turn around, many people In this industry are thinking he has a magic wand and in 24hrs will turn it around, come on guys economy's take at least a yr to slowly start turning around, I'm in the process of shutting down my business, I've held on as long as I could and I'm done with trucking, good luck to all of you in this crap industry
@@user-oj4st1fh6sHe will have to do EMERGENCY ECONOMY REPAIR! it would literally transform in 3 months time, its been done before in history. 😮
@@user-oj4st1fh6show exactly will he turn it around? It didn't actually "turn around" until the COVID stimulus packages during his last term. Is he going to do more government stimulus? The problems we are facing are deeper than a president
None of this makes sense, I see new warehouse and industrial parks being built all the US and the truck stops full ever night, not mention construction everywhere! So what gives on rates?
I used to work as a truck dispatcher,but I quit recently. Im from Easter Europe and my 'begginer' salary was $650 per month. Not to mention that I had to be available 24/7 via phone(for drivers)in case something happens. It used to be 2nd shift,cause of different time zone,so I would work 14-23h. No social life,and I only had like 2 hours before going to work. Not to mention that there are so many problems I dont know how to solve,simply because I never lived in the USA.
When I started working for this company,boss told me that the things will get much better as we are close to November,because of the elections. But it seemed like the things got way worse. And now I see that it wont be any better.
I watch , "Ready, let's go" , at least 5 times every time. So cute
Rates are several hundred off 15 and 30 day averages per load except cross country those rates stayed the same lol. Idk, picked a bad week to bust off to Florida. No home time this weekend.
Selling my truck and moving to thailand
Will buy it
What is a rejection rate comparison
Shippers/brokers are just playing games, they all communicate amongst themselves and drop rates all at once. It happens every time the market starts to get out of their control, they “correct it”. But the only reason they have that option is because of how much capacity is still in the market.
What do u mean by rejection??
Thanks for your insights. Preciate ya!
I'm working on the exit plan as well.. it is time to get out. I've been doing this for 20 years.. and you can make more $$ running for a company and you will have no overhead as the owners have..
Trucks cost a fortune, maintence a fortune, all the fees to stay legal a fortune.. every dime is burned.. you finally get a few grand saved up, and then some other 💩 happens.. It's a joke.. im 12--18 months away from getting my exit strategy finalized.. thank goodness..
I'm a DAT ONE load board guy all day but I do have Truckstop.
We are heading into a recession. It could be major
Yeah it doesn't look good, I hope we're not headed for a major war?
No, we are not.
@@chsmithins As long as government keeps spending trillions we won't be, but we will get stagflation in the end.
@@chsmithins you have to be a democrat with blinders on to keep saying the country is fine... unreal
I'm in the tanker business and summer is always slow. Unfortunately they always find work for me, I say unfortunately because I don't really care to work in the summer
DO YOU REALIZE THE DIFFERENCE BETWEEN SPOT AND CONTACT IS USUALLY RIGHT AROUND THE FSC AMOUNT??? THATS WHAT THE BROKERS ARE TAKING
You are not alone out here. I hate TQL they suck with they rates . But hey. It's life
Yes, I’m dealing with cuts on rates……very frustrating
As a truck dispatcher This week was brilliant for me Making each truck $6500 -$7500.
Yea you paid ur driver $1500 and 2500 in fuel and 1k for maintenance and & 1k for your pockets, ALL THE BS you dealt with for 1k, yeah good for you BUDDY..!
Our fearless leader in Washington was explaining how well the economy was doing and what fantastic recovery we’ve had…… I’m thinking he’s either delusional or perhaps not telling the truth.
Hey Mrs.miranda🎉 blessing
Brokers are rising rates down like they do before every blitz or holiday brake safety week next week