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I am interested. I have 20+ years, accident/ticket/incident free experience with box van, gas tanker, flatbed, dump/concrete truck, but not one company will even speak to me because I have not driven commercially in the last year, so they would rather hire an inexperienced newbie who will go out and wreck up their truck, then quit in 3 months instead. They want me to pay ~$9-12,000 to go to school AGAIN, and start all over as a brand new driver. "Driver shortage" my behind. They reject qualified drivers to hire unqualified "slaves" instead.
This is the unfortunate reality of the wave. The industry does this every few years. With the economy hurting as a whole, we are all feeling it more than the previous downturn.
Ain't no way a dude or women in this industry still holding on to money from 2 years ago in this industry stop that... if that was possible companies that has 50 to a hundred truck wouldn't be going out of business.. its just these big corporations just greedy and their profits are way up... And broker's are one of the major parts of the problem
This is a tough time for everyone in the transportation industry, we're hoping for a better market in 2024. Yellow Corp, for example, recently went out of business. It is hurting all levels of the trucking industry, big and small.
Facts we need to stop taking loads all at one time it will get better then don’t see why they need a middle man to do anything just giving money too someone not doing the job if you don’t have your own ppl it’s really bad for you it’s sad airplanes boats trains trucks are a couple ways this world go round with out them the world want be the same so how you dog the ones making the world better I can’t get that for non
@@monbrown-op9eswill never happen in my career as a trucker. There will always be a broker. Most trucking companies will use third party brokers. And there are advantages and disadvantages to using them. One advantage is larger broker firms like Hub Group and the like pay quickly. Usually within 48hrs of completion. That’s huge for any trucking company. Yes the rates may be lower but maintaining a consistent revenue stream quarterly will greatly improve your company’s overall financial health. Down side is cheaper rates and often times your sales rep will have to wine and dine them often to maintain good relationships. Direct booking of freight from suppliers can be costly and time consuming for the supplier. Brokers have already established themselves in the industry and will likely ensure better flow of your goods to destinations faster then doing it on their own.
Thank you for your perspective. I think everyone out there has to face a battle in life, and they will do their best to win. As they say, someone’s loss is someone else’s gain.
We appreciate the kind comment! There are definitely battles to be fought. I have no doubt that we will all make it out of this rut and get back to a more favorable state.
When 2021 rates and load volumes were going through the roof, everyone predicted 2022 to be even a better year, well that turned out to be a horrible prediction, now when freight volumes and rates are through the sewer, everyone is predicting 2024 to be a worse yr lool
@@bilalraza319 the market goes up and down. thats why it's called a market. funny how numbers are not that far off from pre covid... was it a down turn then as well? sure fuel is up but even with it up it's not far off where it would be with these prices pre covid.
@@pokerman9108 right, but market is also affected by variables. In this case, the biggest variable is the capacity. Remember how quickly people started new trucking companies when rates went up. Everyone was doubling down on equipment and what not - now when the rates are apeshit, not everyone is leaving that quickly. Get my point? Everyone is trying to make money and fighting for every dollar on each load. Brokers love this. Unless there is a great change in capacity or load volumes (which are also low compared to 2021) we will keep seeing crappy rates.
@@bilalraza319 yes, this cycle happens over and over. about every 6 years or so. This is why I buy my equipment outright, Cash in cash out business. I run hard and I save when times are good and I buy my equipment when times are bad. I'm currently buying the best deals I can to add 5 trucks. they will sit until things change, then I will do it all over again. I will be ready for the next wave... Also the the riches are in niches. This is probably the best advice one can get in trucking.. Find a niche and you will make money. Even during a down turn.
The trucking industry is solid and still growing. I started driving back in 2014 and i have stayed busy over the years and i am not concerned at all. Theindustry will slow down and pick up but its strong and i have no plans to start over in a new industry. I know folks are worried about automated trucks,,,,dont worry self driving vehicle's will join us in low numbers but will not take over the industry. Why are trucking companies goihg out of business? Ask ford and GM,,,unions are great at squeezing wages and benefits but unions are capable of putting big companies out of business. Yellow freight had money issues from years ago and if the government looked at the business deleaings of Yellow freight over the years we could identify why Yellow went down....whats it the union or bad business deals over the year? I dont know but the companies i have worked for over the years are solid and the drivers are making money......anyways dont run away from the Trucking industry.....we need you
I been seriously considering applying at ATS but with so many carriers going under I’m kinda scared to change to any company. I don’t want to go to a company that goes under and leaves me stranded somewhere in the middle of the country with no contacts and doesn’t pay me my last paycheck or 2
We understand your concerns, this is a tough time for all companies in the industry. ATS, however, is a debt-free family owned company and will not be going under. If you'd like more information or to speak with a recruiter personally, head over to www.drive4ats.com/contact-us
The vendors, and retailers blaming the price hikes on inflation in general, and mostly on the transportation costs of the goods, meanwhile the carrier’s pay is pretty much in the sewer, so where is the $$$? Who is BSing? Sure as hell it’s not the carriers, or the driver pay. At the end of the day, we’re all paying a lot more than we used to for any kind of shopping. Thanks Brandon, you did a great job of destroying the little guy whom you claimed to protect.
We understand your frustrations and you bring up some good questions. From our perspective, profits are slim or non-existent in all aspects of trucking. We are at the bottom of the wave before it heads back up. This cycle happens every few years and repeats itself.
@@BeyondTheRoadATS In all my 14 years of trucking, I can remember 2015 being a bad year, but what we’re going through lately makes 2015 look like a prosperous year. I don’t want to be pessimistic, but I think the worst is yet to come, and that’s not just for trucking. For once, nothing will make me happier for being wrong hopefully.
I was hired by Yellow for the CDL apprenticeship program. They were hiring up until the last minute as though they had no idea of what was coming (I didn't either). About 15 days before I was to start, everything was canceled. Then, I was hired by ABF and they canceled their classes. Lastly, as recent of 8 days ago, my class with a local Ohio company was canceled. I have been relying on trucking and I've been preparing and studying for 6 months. I had no idea of the current situation. I am not sure if I will eventually get in somewhere.
Sorry to hear that! Sounds like a tough journey and a bunch of bad luck. I am not sure of your experience thus far, but you can always contact a recruiter at ATS and see what your options are. I assure you that we are not going anywhere. 😊 www.drive4ats.com/
My husband with was with YRC for 23 years. We are struggling to find a new permanent position for him and trying to bring in the same income as we have had over the years sucks
Trucking is the biggest scam ever Fresh driver coming every day and the industry is design for that so always drivers available, be aware of the health issues you will have as a truck driver
It is definitely a tough time within the industry as we are in a recession. However, this is a cycle that repeats itself over and over and what we are feeling right now, although extreme, is nothing new to the trucking industry.
Unfortunately it is part of the ups and downs. The struggling economy is amplifying this effect. However, we have no doubt it will bounce back like it does every couple of years. Stay strong!
You say we’re at the bottom of rates going down hell we gotta be any lower and everybody would have to shut down like this channel better than others going to subscribe keep ‘em coming please
Thanks for your insight! The market numbers are similar to 2017. This is a wave that the industry goes through over and over again. It's inflation in the economy that makes it feel so much worse. We will have another update video with Paul in early January. 😀
While there may be truth to this, the industry itself has also grown. What we are seeing today is nothing new, we had the same prices 2017. Check out this video that better explains the price shift --> ua-cam.com/video/nPQepM9RirU/v-deo.html
There are some good resources out there that show the market wave. It is very much a pattern and always bounces back. We are currently in a similar market as 2017, without considering inflation.
My wife and I transport new RVs and that industry has gone way downhill. We keep busy as we run as a team. We only drive 1000 miles per day. The good news for us is our equipment has no debt on it. We own our 2019 Pete 567 and our 2021 Shipshe trailer. We can also transport automobiles as a backhaul. We save our money so we can take winters off. I have been driving professionally for 40 years and am done with the snow driving. I think our industry will start to pick back up later in the new year. When we get a new administration in office , and it should be a conservative one, our economy will take off as it did before the current administration took over.
Thanks for the comment! I can imagine the RV industry is struggling with the economy sitting where it is. We are all hopeful that it will turn next year as well. Good luck on your adventures, we wish you the best!
The word capacity is always used wrong. Whether its a 1 man company or a 500 truck company when capacity drops that means a driver left the industry completely. Say we have 1 million drivers in USA. If 10 percent capacity decrease happens then 100,000 drivers exited the industry. Thats 100,000 loads that won't be delivered on a daily basis. Capacity shrinkage equates to massive driver wages to attract new drivers in an economy where a security guard makes the same money as the average OTR driver. This will be brutally ugly for shippers and carriers in the future.
Although the pandemic era had prices skyrocketing, we are currently sitting in a similar market to the 2017 market. It's all a part of the wave that happens over and over as the market shifts. This wave we're feeling is nothing new, it does however feel more impactful as a result of the pandemic era prices.
@@BeyondTheRoadATS I was thinking more like 08. A ton of big companies went bankrupt as the market tanked. Many drivers exited the industry. The pandemic did close a lot of business in America and many new drivers entered the industry. Now with the fast money gone and demand for workers increasing you will again see drivers exit the industry in mass to find the regular jobs. The fresh driver pool is almost running dry. As regular wage jobs increase pay the trucking industry just can't compete. I've been in the industry for over 30 years. This industry hit it's Prime under Clinton and has nose dived every since getting worse and worse with each administration. Good labor is becoming an obsolete.
My prediction is spring 2025 to start to pick up the market and it is due to a slight higher demand on freight and a considered reduction of supply due to bankruptcy that will follow and whoever remains in the market will be having good times.....and the cycle repeats on and on and on.... Peace and prosper to all of us 🤘✌️
Well no matter how much capacity will move out from the industry, still there will be a lot of supply due to the past numbers of new corporations and drivers, Also, the trucking job is addictive, even if one wants to leave, he is not ready to do another job so it is very rare that the number of drivers will decrease, Also the business of trucking school is increasing day by day because it has nothing to do with the trucking industry because people want to rush in trucking and driving school wants candidates as much as possible so every day 1000 of new drivers are coming in the industry, Also, companies are already got habitual of these low rates, so carriers who are new and willing to go as much low as they can and a large number of carriers like these will never make room for rates to increase and this can be the new reality of trucking, This industry needs unity to fix rates but again the big numbers of supply is the problem, This is my opinion only and I also want that someone come and say no this is not true lol.
Still too much capacity in the market. I’ve been saying that if anything, rates need to drop even lower to flush out all of these carriers who came in chasing those high rates a few years ago so things can normalize faster.
There is some truth to this statement as there was a huge influx of new carriers and drivers post-covid when the industry was booming. If capacity goes down, prices go up. Simple supply and demand.
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While they do make a margin, brokers exist to help connect shippers and carriers that otherwise would not be connected. This creates efficiencies for all stakeholders. If all brokers were removed today, tens of thousands of supply chains would halt and trucking companies would have difficulties finding loads.
Was against Swift purchasing US express but could be a good move cause can liquidate them to stay afloat. Just know if they said about short runs paying $20-25/hour I would end my trucking career
With the prices being low and the economy in recession, it's definitely a struggle out there. We never want to see other trucking companies fail and drivers quitting. Hopeful that mid-late 2024 is thriving again.
As. a. retired Local and over the road driver stay with the older trucks more. reliable in the Long run, all this technology of present day just confuses driver’ s in these newer sophisticated trucks / have. a good. day / Bill. S. Canada
Your going to see the big brokerage trucking companies loose thier customer base. Small carriers are done with the 1.50 mile back hauls. They are undercutting brokers and stealing freight directly. Its game on. We will see many more Cowans go under.
It will definitely be interesting to see how it plays out. A couple of big names have gone under, hopefully the market turns back before too many people lose their jobs.
3:15 nah they are stuck with those lease payments or high af truck notes that their whole life is riding on. Alot of predatory lenders and dealers got in on the surge.
I wouldn't say that at all. If you want to drive, you should definitely get your CDL! The market hit its low point this year and we expect it to bounce back next year. If you check out market graphs over the last ten years you will see that we are currently sitting at a similar spot as we were in 2017. Every other year the market shifts back and forth. We go through this cycle over and over and feel the same struggles as we are today. However, the market bounces back and the drivers thrive and make big money while it's hot. It's more about anticipating the wave and grinding while it's hot and planning/saving for when it's not.
i just see a lot of regulations sucking all the profit of hard working truckers , like gps tracking mandatory with this app , 100 dlls deduction if you stop tracking the load how dare they ? a lot of unnecessarie technology sucking the profit of owner operators
I understand your concerns about the impact of regulations on owner operators. While some of the mandatory technological implementations may seem burdensome, it's important to recognize that many of these regulations are in place to ensure the safety of everyone on the road.
Youll make more working ot at Mcdonalds...no seriously do the math. I feel for truckers well otr that is, complete slaves. The only real currency in this realm is time. Dont throw away your only existence chasing fake dreams to impress people you dont like or feeding your ego. Its not worth it in the long run. Its good for people that hate their lives at home. Peace ✌️
Thank you for your insight. Happiness is important and if you are unhappy with your profession, whether in trucking or elsewhere, you should absolutely make a change.
There will always be opportunities! Right now is a tough time for drivers because rates are so low, but when the market turns around it will be great for drivers again. This cycle happens every couple of years and goes back and forth.
Wow, Crete Carrier publishes weekly tapes and they have generally upbeat news. They always say how they are holding their own freight-wise and are accepting new trucks and trailers. They also are not stiff in their presentations. Maybe this CEO can watch them and take some notes
Thanks for the tip! The economy is in a rough spot right now and we prefer to provide our viewers with honest and accurate information, regardless of whether it is good news or bad news. Our audience loves ATS' CFO updates, we wouldn't ask him to be anyone other than himself. 😁
Sure i can pull your load!!! After I deliver it i will tell you how much you owe me, We take cash or Card............. It is no different than when you take a Taxi Cab, the driver drops you off then tells you how much you owe, then you PAY HIM.
Essentially that is how that process should work.. So if it is not, then you should speak with your employer or driver manager to better understand what is happening.
Prices are definitely affected by inflation, however, brokerages are not the problem. Most of them are losing money the same way everyone else is right now. Without brokerages, the industry would fail. Brokerages provide a connection between trucks and shippers that would otherwise not exist.
There still way to many trucks and way to many drivers and the big trucking companies got greedy when freight was paying and bought and expanded there fleets now there going out of business
You are correct, companies were expanding quickly after the pandemic. This along with the major inflation issues going on, as well as other factors, lead to the problems we are having today.
There is no quality trucks. They are more unreliable then ever all due to the epa stuff on them. Take the epaulets stuff off and the truck is reliable. And the cost to up keep the new trucks is ridiculous. Old iron is a lot better and cheaper in the long run. Till the manufacturer makes a reliable truck again. Epaulets figure a northern way. We need reliable and cheaper to repair trucks.
Until (or if) prices of goods go down, it's hard to say when we will see a change in parts/price. Ever since the pandemic, prices have skyrocketed and don't seem to be going down much. We are curious to see what 2024 brings us.
@TruckingIndustryChannel We can use the UAW as an example today. When I was a kid I remember just a threat of a nationwide shutdown made the carriers come to the table.
Looking to sell my rig and get the hell out of this forever downward spiral called trucking, it’s only getting worse, trucking is now a horrible industry. Stop with the bs and be truthful. 35 years a trucker and also son of a trucker, get out while you can . No one cares about the American trucker
All those big company mergers and buy outs made the investors rich and less money stayed in the companies and now they have to pay the price in bankruptcy and layoffs all my independent OOs are very busy and doing good but they are careful of the loads
The company that I work for is decided to squeeze the dollar from the driver thank you careless they still think they can get a driver a diamond dozen😂
Brokers aren't keeping 35 to 50 % of the profit? We the truckers pay for everything this business sucks im still going with 2 trucks i had 4 trucks running but there not much money to make.
We can't speak on behalf of all brokers. Brokers play a vital role in connecting trucks and shippers that otherwise would have no connection. When brokers take advantage of it, that's another story. We are at the bottom of the wave (similar to 2017) and are awaiting the bounce back. The market always does this and always bounces back. As capacity drops off the market will favor drivers once again. Stay strong!
Brokers are scammers. If they didn't exist, companies would still have the demand to move their freight, and find ways to work directly with trucking companies. Brokers ease the connection, sure, but if they didn't exist the freight would still have to go, they are not vital to this industry
Do you believe that companies such as Amazon shouldn't exist? I think there are pros and cons to all forms of companies out there. Amazon makes it easier to shop, yet hurts department stores. Brokers make it easier to shop for companies. Without brokers, thousands (or more) companies would not know how to connect with such a large carrier base. Aside from that, they would be required to do more research and find all these carriers, which as a result would increase employee/wage count and raise prices as well. The issue with low driver pay that we are experiencing today isn't a result of brokers, it's capacity. The pandemic brought in countless new carriers, inflation hit, and now there are more trucks than loads. We just created a video explaining the shift between shippers and drivers that will provide some insight on what is happening right now and how it will shift back into the drivers favor.
@TruckingIndustryChannel companies like Amazon make it easier for consumers to shop, and products are much cheaper than chain stores, if anything Amazon exposed the markups on retail goods. Brokers on the other hand, do make ot easier to connect with one another, while doing so they are taking a ridiculously high percentage of the profits, while not dealing with overhead the truck takes . Don't get me wrong, I understand it's a business. But sometimes business practices become predatory. Without scumbag Brokers ( which are not all by the way) I think you underestimate the fact that companies would find a way to network with each other, which Brokers block from happening.
As soon as someone will take the incentive to figure out how to break the hold Greed-O-Nomics consumers might just boost the economy enough that families can afford to spend more on those items they are turning away. Once again when humans live in harmony certain authoritarians will put those greedy thoughts to control the world may dissipate and make the world into a peaceful state!
There are always ways to forecast and predict the market based on historical market trends. Paying attention to these will better help plan for future success in the industry.
You are a manager so you are looking to depress the payment of drivers and when all other expenses are going up why you said driver pay is going down not true with our experience , well we are not working for the nasty companies like yours , and you cannot keep the drivers you allready have if you start paying them less, we have a lot of choices, nice to know your company name so no drivers will try to be driver of your company
I am sorry that you feel this way. Paul is the Chief Financial Officer for ATS. His goal is to help ATS succeed and this includes the drivers. I am unsure of how you came to this conclusion, but Paul is stating industry wide facts here. Maybe you are having a hard time understanding the wave that the industry goes through as well as the supply and demand aspect that affects shippers and drivers so heavily, so I will refer you to this resource: ua-cam.com/video/nPQepM9RirU/v-deo.html
While some companies may be understaffed, there were a boom of drivers entering the market during 2020 and 2021. There is always someone to cover the load and that is what is driving prices down. With prices being so low, drivers and staying put and afraid to switch companies so it may feel like there is a shortage.
Two years ago was one of the best years the market has ever seen. 2022 was really the decline. If you check out market graphs over the last ten years you will see that we are currently sitting at a similar spot as we were in 2017. Every other year the market shifts back and forth, always has and probably always will. Hope this helps! Thanks for the comment 😊
@TruckingIndustryChannel it won't shift back because they are making record breaking profits on the products the only way it will change if 75% of the truck force just stop driving for a month.
You might be a college educated economist! But what you don’t know is why the trucking industry is failing! It is because drivers are treated so bad! I know because after retiring from the airlines as a pilot. I drove a truck for 18 months. It was the worst decision I have ever made!
I am sorry that you were treated so poorly. Times are tough right now for drivers, but not all companies treat their drivers poorly. The current market is in favor of the shippers (as it is every few years) because there are more drivers than there are loads. When the market shifts the other way, the drivers will have the upper hand and the shippers will be in a tough spot. It's a wave that goes back and forth. If you look at the numbers, we are sitting similarly to where we were in 2017. The only added factor that is making it worse is inflation, however, inflation is affecting all parties. If you are still driving, you should find yourself a company that values you and stick it out until the market shifts back into the driver's favor. Best of luck!
@@BeyondTheRoadATS Thank you for the reply, I drove back in 2015 -2016 I went back to flying corporate jets, eating right having a shower and hotel every day. And being respected. Not having to worry about finding a place to park. I fly to an airport and the people are happy to see me we load up and are gone. Unlike arriving at a shipper and waiting 4-5 hours to get loaded. The tides in many industries go through what you described, right now in aviation pilots are in control, unlike they were in the 70’s when I started flying. 😁🛫
New trucks costing over 200K with bad quality, Brokers keep rip off truckers. Big trucking companies with minimum profits keeping in the game. Not experienced drivers for automatic truck only driver's license, clueless and dangerous on the road!!! Greedy unqualified humans ruining trucking industry. Unfortunately like this man here keep talking by some formula. Until corporations running trucking as an investment on Wall Street, trucking industries will not see future.
This is simply not true. If you look at freight rates, it's the same as it was in 2017. The industry goes through a wave that bounces between shippers and drivers. Right now, there are too many drivers and not enough freight. Perhaps this video will give better insight as to why this happens: ua-cam.com/video/nPQepM9RirU/v-deo.html
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I am interested. I have 20+ years, accident/ticket/incident free experience with box van, gas tanker, flatbed, dump/concrete truck, but not one company will even speak to me because I have not driven commercially in the last year, so they would rather hire an inexperienced newbie who will go out and wreck up their truck, then quit in 3 months instead. They want me to pay ~$9-12,000 to go to school AGAIN, and start all over as a brand new driver. "Driver shortage" my behind. They reject qualified drivers to hire unqualified "slaves" instead.
Fuel through the roof,
Rates down ,maintenance cost
And government still elbow deep in my pocket 😮💨👎
This is the unfortunate reality of the wave. The industry does this every few years. With the economy hurting as a whole, we are all feeling it more than the previous downturn.
Please create more content Paul, we want more videos like this.
We will pass this along to Paul and let him know :)
945 days into Build back better, Nothing is built, nothing is better and nothing is back!
We are all hoping that the future is bright for everyone involved in the trucking industry.
They’ve got to destroy everything first. We’re well on our way doing that.
I can skip now, after 40+ years Freedom and liberty, retired. Thanks drivers for the dedication and hard work you do. Have a great day! Be safe.
Congratulations on your retirement and thank you for all the years!
Ain't no way a dude or women in this industry still holding on to money from 2 years ago in this industry stop that... if that was possible companies that has 50 to a hundred truck wouldn't be going out of business.. its just these big corporations just greedy and their profits are way up... And broker's are one of the major parts of the problem
This is a tough time for everyone in the transportation industry, we're hoping for a better market in 2024. Yellow Corp, for example, recently went out of business. It is hurting all levels of the trucking industry, big and small.
35 years driving, you are 100 percent right!!!
Facts we need to stop taking loads all at one time it will get better then don’t see why they need a middle man to do anything just giving money too someone not doing the job if you don’t have your own ppl it’s really bad for you it’s sad airplanes boats trains trucks are a couple ways this world go round with out them the world want be the same so how you dog the ones making the world better I can’t get that for non
Agree
@@monbrown-op9eswill never happen in my career as a trucker. There will always be a broker. Most trucking companies will use third party brokers. And there are advantages and disadvantages to using them. One advantage is larger broker firms like Hub Group and the like pay quickly. Usually within 48hrs of completion. That’s huge for any trucking company. Yes the rates may be lower but maintaining a consistent revenue stream quarterly will greatly improve your company’s overall financial health. Down side is cheaper rates and often times your sales rep will have to wine and dine them often to maintain good relationships. Direct booking of freight from suppliers can be costly and time consuming for the supplier. Brokers have already established themselves in the industry and will likely ensure better flow of your goods to destinations faster then doing it on their own.
Thank you for your perspective. I think everyone out there has to face a battle in life, and they will do their best to win. As they say, someone’s loss is someone else’s gain.
We appreciate the kind comment! There are definitely battles to be fought. I have no doubt that we will all make it out of this rut and get back to a more favorable state.
When 2021 rates and load volumes were going through the roof, everyone predicted 2022 to be even a better year, well that turned out to be a horrible prediction, now when freight volumes and rates are through the sewer, everyone is predicting 2024 to be a worse yr lool
Not true, capacity is not giving up. No body wants to take a loss. Capacity was the reason that in 1 year, it changed the market towards a downturn.
We are riding another wave, and although this downturn may be tougher than others, this is a process that always repeats itself.
@@bilalraza319 the market goes up and down. thats why it's called a market. funny how numbers are not that far off from pre covid... was it a down turn then as well? sure fuel is up but even with it up it's not far off where it would be with these prices pre covid.
@@pokerman9108 right, but market is also affected by variables. In this case, the biggest variable is the capacity. Remember how quickly people started new trucking companies when rates went up. Everyone was doubling down on equipment and what not - now when the rates are apeshit, not everyone is leaving that quickly. Get my point? Everyone is trying to make money and fighting for every dollar on each load. Brokers love this. Unless there is a great change in capacity or load volumes (which are also low compared to 2021) we will keep seeing crappy rates.
@@bilalraza319 yes, this cycle happens over and over. about every 6 years or so. This is why I buy my equipment outright, Cash in cash out business. I run hard and I save when times are good and I buy my equipment when times are bad. I'm currently buying the best deals I can to add 5 trucks. they will sit until things change, then I will do it all over again. I will be ready for the next wave...
Also the the riches are in niches. This is probably the best advice one can get in trucking.. Find a niche and you will make money. Even during a down turn.
This "high-level view" explains perfectly why we're risking our lives (and my sanity) for such low pay...
We are trying our best to educate everyone on the market conditions so people can best prepare to make the right decisions for themselves.
The trucking industry is solid and still growing. I started driving back in 2014 and i have stayed busy over the years and i am not concerned at all. Theindustry will slow down and pick up but its strong and i have no plans to start over in a new industry. I know folks are worried about automated trucks,,,,dont worry self driving vehicle's will join us in low numbers but will not take over the industry. Why are trucking companies goihg out of business? Ask ford and GM,,,unions are great at squeezing wages and benefits but unions are capable of putting big companies out of business. Yellow freight had money issues from years ago and if the government looked at the business deleaings of Yellow freight over the years we could identify why Yellow went down....whats it the union or bad business deals over the year? I dont know but the companies i have worked for over the years are solid and the drivers are making money......anyways dont run away from the Trucking industry.....we need you
Well stated! We agree, the market will turn around like it always does. Thanks for the comment!
I like your optimism sir! Thanks for the positive message!
I been seriously considering applying at ATS but with so many carriers going under I’m kinda scared to change to any company. I don’t want to go to a company that goes under and leaves me stranded somewhere in the middle of the country with no contacts and doesn’t pay me my last paycheck or 2
We understand your concerns, this is a tough time for all companies in the industry. ATS, however, is a debt-free family owned company and will not be going under. If you'd like more information or to speak with a recruiter personally, head over to www.drive4ats.com/contact-us
The vendors, and retailers blaming the price hikes on inflation in general, and mostly on the transportation costs of the goods, meanwhile the carrier’s pay is pretty much in the sewer, so where is the $$$? Who is BSing? Sure as hell it’s not the carriers, or the driver pay. At the end of the day, we’re all paying a lot more than we used to for any kind of shopping. Thanks Brandon, you did a great job of destroying the little guy whom you claimed to protect.
We understand your frustrations and you bring up some good questions. From our perspective, profits are slim or non-existent in all aspects of trucking. We are at the bottom of the wave before it heads back up. This cycle happens every few years and repeats itself.
Remember that when you vote
@@BeyondTheRoadATS In all my 14 years of trucking, I can remember 2015 being a bad year, but what we’re going through lately makes 2015 look like a prosperous year. I don’t want to be pessimistic, but I think the worst is yet to come, and that’s not just for trucking. For once, nothing will make me happier for being wrong hopefully.
Thanks for sharing your insights .
You are very welcome! We are here to help in any way we can! 😀
just what was needed... thank you
You are very welcome! Thanks for watching!
I was hired by Yellow for the CDL apprenticeship program. They were hiring up until the last minute as though they had no idea of what was coming (I didn't either). About 15 days before I was to start, everything was canceled. Then, I was hired by ABF and they canceled their classes. Lastly, as recent of 8 days ago, my class with a local Ohio company was canceled.
I have been relying on trucking and I've been preparing and studying for 6 months. I had no idea of the current situation. I am not sure if I will eventually get in somewhere.
Sorry to hear that! Sounds like a tough journey and a bunch of bad luck. I am not sure of your experience thus far, but you can always contact a recruiter at ATS and see what your options are. I assure you that we are not going anywhere. 😊 www.drive4ats.com/
My husband with was with YRC for 23 years. We are struggling to find a new permanent position for him and trying to bring in the same income as we have had over the years sucks
@Twolilsproutsmom what was he making there?
Yes I was also hired by yellow and abf both.. glad I didn't go to either .. if I'd went to abf on the extra board.. I'd be sitting right now
Trucking is the biggest scam ever
Fresh driver coming every day and the industry is design for that so always drivers available, be aware of the health issues you will have as a truck driver
It is definitely a tough time within the industry as we are in a recession. However, this is a cycle that repeats itself over and over and what we are feeling right now, although extreme, is nothing new to the trucking industry.
Couldn’t agree more with you buddy… the health deteriorating is a huge thing for me. That’s why I thought this was the right time to do something else
The state of the trucking industry is sad!
Unfortunately it is part of the ups and downs. The struggling economy is amplifying this effect. However, we have no doubt it will bounce back like it does every couple of years. Stay strong!
Thank you.
You're welcome!
You say we’re at the bottom of rates going down hell we gotta be any lower and everybody would have to shut down like this channel better than others going to subscribe keep ‘em coming please
Thanks for your insight! The market numbers are similar to 2017. This is a wave that the industry goes through over and over again. It's inflation in the economy that makes it feel so much worse. We will have another update video with Paul in early January. 😀
It also doesn’t help that the price of new trucks is outrageous
Yes, the cost of all tractors and parts as well as other things have gone up quite a bit over the last year or two.
We allowed the Brokers to come in and create a 250 billion dollar industry on the backs of Truck drivers.
While there may be truth to this, the industry itself has also grown. What we are seeing today is nothing new, we had the same prices 2017. Check out this video that better explains the price shift --> ua-cam.com/video/nPQepM9RirU/v-deo.html
It would be intriguing to see past cycles, when and how long the lasted and if there is a pattern.
There are some good resources out there that show the market wave. It is very much a pattern and always bounces back. We are currently in a similar market as 2017, without considering inflation.
Thanks for sharing!
Thanks for watching!
My wife and I transport new RVs and that industry has gone way downhill. We keep busy as we run as a team. We only drive 1000 miles per day. The good news for us is our equipment has no debt on it. We own our 2019 Pete 567 and our 2021 Shipshe trailer. We can also transport automobiles as a backhaul. We save our money so we can take winters off. I have been driving professionally for 40 years and am done with the snow driving. I think our industry will start to pick back up later in the new year. When we get a new administration in office , and it should be a conservative one, our economy will take off as it did before the current administration took over.
Thanks for the comment! I can imagine the RV industry is struggling with the economy sitting where it is. We are all hopeful that it will turn next year as well. Good luck on your adventures, we wish you the best!
The word capacity is always used wrong. Whether its a 1 man company or a 500 truck company when capacity drops that means a driver left the industry completely. Say we have 1 million drivers in USA. If 10 percent capacity decrease happens then 100,000 drivers exited the industry. Thats 100,000 loads that won't be delivered on a daily basis. Capacity shrinkage equates to massive driver wages to attract new drivers in an economy where a security guard makes the same money as the average OTR driver. This will be brutally ugly for shippers and carriers in the future.
Although the pandemic era had prices skyrocketing, we are currently sitting in a similar market to the 2017 market. It's all a part of the wave that happens over and over as the market shifts. This wave we're feeling is nothing new, it does however feel more impactful as a result of the pandemic era prices.
@@BeyondTheRoadATS I was thinking more like 08. A ton of big companies went bankrupt as the market tanked. Many drivers exited the industry. The pandemic did close a lot of business in America and many new drivers entered the industry. Now with the fast money gone and demand for workers increasing you will again see drivers exit the industry in mass to find the regular jobs. The fresh driver pool is almost running dry. As regular wage jobs increase pay the trucking industry just can't compete. I've been in the industry for over 30 years. This industry hit it's Prime under Clinton and has nose dived every since getting worse and worse with each administration. Good labor is becoming an obsolete.
While the economy more closely relates to 08, the freight prices we are experiencing today are similar to pre-pandemic prices.
Been saying find a warehouse job paying $30 plus/hour I will leave trucking.
Good luck in your search! Thanks for the comment.
@@BeyondTheRoadATS I know of some places currently paying $26-28/hr. So they are out there.
i canceled my rental,returned my car lease,i live in my 99 volvo truck now,times are hard
Sorry to hear that.. We hope things get better!
My prediction is spring 2025 to start to pick up the market and it is due to a slight higher demand on freight and a considered reduction of supply due to bankruptcy that will follow and whoever remains in the market will be having good times.....and the cycle repeats on and on and on....
Peace and prosper to all of us 🤘✌️
The cycle does continue! Thanks for your comment!
Well no matter how much capacity will move out from the industry, still there will be a lot of supply due to the past numbers of new corporations and drivers, Also, the trucking job is addictive, even if one wants to leave, he is not ready to do another job so it is very rare that the number of drivers will decrease, Also the business of trucking school is increasing day by day because it has nothing to do with the trucking industry because people want to rush in trucking and driving school wants candidates as much as possible so every day 1000 of new drivers are coming in the industry, Also, companies are already got habitual of these low rates, so carriers who are new and willing to go as much low as they can and a large number of carriers like these will never make room for rates to increase and this can be the new reality of trucking, This industry needs unity to fix rates but again the big numbers of supply is the problem, This is my opinion only and I also want that someone come and say no this is not true lol.
Thank you for your thoughtful feedback and for watching our video.
Still too much capacity in the market. I’ve been saying that if anything, rates need to drop even lower to flush out all of these carriers who came in chasing those high rates a few years ago so things can normalize faster.
Wtf are you talking about? That is the dumbest thing I have heard about this situation all year. And it's almost December.
There is some truth to this statement as there was a huge influx of new carriers and drivers post-covid when the industry was booming. If capacity goes down, prices go up. Simple supply and demand.
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I was falling asleep earlier, then had to get up to brush my teeth and get some things together for my bedside, and then, after that tiny bit of activity, I was having a little difficulty falling asleep again. So I was looking for a video to fall asleep to... *I THINK I FOUND IT!!!*
Thanks for the comment! You might find a better sleep aid with something like this: ua-cam.com/video/1-wzt5ypMho/v-deo.html 😊
remove brokers from this chain and everything will fall into place
While they do make a margin, brokers exist to help connect shippers and carriers that otherwise would not be connected. This creates efficiencies for all stakeholders. If all brokers were removed today, tens of thousands of supply chains would halt and trucking companies would have difficulties finding loads.
Was against Swift purchasing US express but could be a good move cause can liquidate them to stay afloat. Just know if they said about short runs paying $20-25/hour I would end my trucking career
With the prices being low and the economy in recession, it's definitely a struggle out there. We never want to see other trucking companies fail and drivers quitting. Hopeful that mid-late 2024 is thriving again.
As. a. retired Local and over the road driver stay with the older trucks more. reliable in the Long run, all this technology of present day just confuses driver’ s in these newer sophisticated trucks / have. a good. day / Bill. S. Canada
Thanks for the tip!
Your going to see the big brokerage trucking companies loose thier customer base. Small carriers are done with the 1.50 mile back hauls. They are undercutting brokers and stealing freight directly. Its game on. We will see many more Cowans go under.
It will definitely be interesting to see how it plays out. A couple of big names have gone under, hopefully the market turns back before too many people lose their jobs.
Great video.
Thanks! Glad you found it helpful! 😊
Excellent
Thanks! 😀
Insurance is the big problem!!! Can you make video off car hauling Market? Thanks
We will look into it and see what we can do! Thanks for the suggestion
3:15 nah they are stuck with those lease payments or high af truck notes that their whole life is riding on. Alot of predatory lenders and dealers got in on the surge.
It is always a shame when people take advantage of those in need.
So basically save the 5k and don't get your CDL..As a felon there are not too many options left for a decent income.
You don’t have to spend 5K it’s a scam
I wouldn't say that at all. If you want to drive, you should definitely get your CDL! The market hit its low point this year and we expect it to bounce back next year. If you check out market graphs over the last ten years you will see that we are currently sitting at a similar spot as we were in 2017. Every other year the market shifts back and forth. We go through this cycle over and over and feel the same struggles as we are today. However, the market bounces back and the drivers thrive and make big money while it's hot. It's more about anticipating the wave and grinding while it's hot and planning/saving for when it's not.
i just see a lot of regulations sucking all the profit of hard working truckers , like gps tracking mandatory with this app , 100 dlls deduction if you stop tracking the load how dare they ?
a lot of unnecessarie technology sucking the profit of owner operators
I understand your concerns about the impact of regulations on owner operators. While some of the mandatory technological implementations may seem burdensome, it's important to recognize that many of these regulations are in place to ensure the safety of everyone on the road.
Predicting the future is impossible… people need to stop trying
While you are correct, it's helpful to hear from trucking professionals within finance to get an idea based on the current market and past downturns.
All industries have been hit and it’s not going to turn around anytime soon
We can only hope that it does! You are correct, all industries are hurting right now.
I honestly applied for ATS 2weeks ago but no response from anyone
For corporate or as a driver?
Youll make more working ot at Mcdonalds...no seriously do the math. I feel for truckers well otr that is, complete slaves. The only real currency in this realm is time. Dont throw away your only existence chasing fake dreams to impress people you dont like or feeding your ego. Its not worth it in the long run. Its good for people that hate their lives at home. Peace ✌️
Thank you for your insight. Happiness is important and if you are unhappy with your profession, whether in trucking or elsewhere, you should absolutely make a change.
Worse is yet to come
It depends on what happens with the economy from here, most believe the worst is behind us. Only time will tell!
Hi, Please does this means there are no longer opportunities for foreigners who are interested in the truck driving industry.
There will always be opportunities! Right now is a tough time for drivers because rates are so low, but when the market turns around it will be great for drivers again. This cycle happens every couple of years and goes back and forth.
Wow, Crete Carrier publishes weekly tapes and they have generally upbeat news. They always say how they are holding their own freight-wise and are accepting new trucks and trailers. They also are not stiff in their presentations. Maybe this CEO can watch them and take some notes
😂
And we are definitely not in a recession... 🙄
Thanks for the tip! The economy is in a rough spot right now and we prefer to provide our viewers with honest and accurate information, regardless of whether it is good news or bad news. Our audience loves ATS' CFO updates, we wouldn't ask him to be anyone other than himself. 😁
this ceo wants to pay you less while he pocket more the america way.
Lol ngl that makes me trust Crete less tbh
Sure i can pull your load!!! After I deliver it i will tell you how much you owe me, We take cash or Card............. It is no different than when you take a Taxi Cab, the driver drops you off then tells you how much you owe, then you PAY HIM.
Essentially that is how that process should work.. So if it is not, then you should speak with your employer or driver manager to better understand what is happening.
This guy is talking bs
The problems are low rates because of double triple brokerage high price of diesel high insurance rates
Fix that !
Prices are definitely affected by inflation, however, brokerages are not the problem. Most of them are losing money the same way everyone else is right now. Without brokerages, the industry would fail. Brokerages provide a connection between trucks and shippers that would otherwise not exist.
There still way to many trucks and way to many drivers and the big trucking companies got greedy when freight was paying and bought and expanded there fleets now there going out of business
You are correct, companies were expanding quickly after the pandemic. This along with the major inflation issues going on, as well as other factors, lead to the problems we are having today.
There is no quality trucks. They are more unreliable then ever all due to the epa stuff on them. Take the epaulets stuff off and the truck is reliable. And the cost to up keep the new trucks is ridiculous. Old iron is a lot better and cheaper in the long run. Till the manufacturer makes a reliable truck again. Epaulets figure a northern way. We need reliable and cheaper to repair trucks.
Until (or if) prices of goods go down, it's hard to say when we will see a change in parts/price. Ever since the pandemic, prices have skyrocketed and don't seem to be going down much. We are curious to see what 2024 brings us.
Truckers left unionism behind to become independents, competition can be brutal when you haven't any protections: fare-thee-well?
It would be interesting to see how different the industry would be if all drivers were unionized.
@TruckingIndustryChannel We can use the UAW as an example today. When I was a kid I remember just a threat of a nationwide shutdown made the carriers come to the table.
Looking to sell my rig and get the hell out of this forever downward spiral called trucking, it’s only getting worse, trucking is now a horrible industry. Stop with the bs and be truthful. 35 years a trucker and also son of a trucker, get out while you can . No one cares about the American trucker
We care about you ❤ We are sorry to see you go.
All those big company mergers and buy outs made the investors rich and less money stayed in the companies and now they have to pay the price in bankruptcy and layoffs all my independent OOs are very busy and doing good but they are careful of the loads
Glad they are doing well! Stay strong, we will all get through this 😊
The trucking guru is making millionaire dispatchers
Sign me up!
The company that I work for is decided to squeeze the dollar from the driver thank you careless they still think they can get a driver a diamond dozen😂
That's too bad, sorry to hear that! We hope things get better for you in the future.
@@BeyondTheRoadATS O Yes I Have A New Job Starting The First of the Year 👍💯
Brokers aren't keeping 35 to 50 % of the profit? We the truckers pay for everything this business sucks im still going with 2 trucks i had 4 trucks running but there not much money to make.
We can't speak on behalf of all brokers. Brokers play a vital role in connecting trucks and shippers that otherwise would have no connection. When brokers take advantage of it, that's another story. We are at the bottom of the wave (similar to 2017) and are awaiting the bounce back. The market always does this and always bounces back. As capacity drops off the market will favor drivers once again. Stay strong!
Brokers are scammers. If they didn't exist, companies would still have the demand to move their freight, and find ways to work directly with trucking companies. Brokers ease the connection, sure, but if they didn't exist the freight would still have to go, they are not vital to this industry
Do you believe that companies such as Amazon shouldn't exist? I think there are pros and cons to all forms of companies out there. Amazon makes it easier to shop, yet hurts department stores. Brokers make it easier to shop for companies. Without brokers, thousands (or more) companies would not know how to connect with such a large carrier base. Aside from that, they would be required to do more research and find all these carriers, which as a result would increase employee/wage count and raise prices as well. The issue with low driver pay that we are experiencing today isn't a result of brokers, it's capacity. The pandemic brought in countless new carriers, inflation hit, and now there are more trucks than loads.
We just created a video explaining the shift between shippers and drivers that will provide some insight on what is happening right now and how it will shift back into the drivers favor.
@TruckingIndustryChannel companies like Amazon make it easier for consumers to shop, and products are much cheaper than chain stores, if anything Amazon exposed the markups on retail goods. Brokers on the other hand, do make ot easier to connect with one another, while doing so they are taking a ridiculously high percentage of the profits, while not dealing with overhead the truck takes . Don't get me wrong, I understand it's a business. But sometimes business practices become predatory. Without scumbag Brokers ( which are not all by the way) I think you underestimate the fact that companies would find a way to network with each other, which Brokers block from happening.
Its not worth being a trucker
We understand times are tough right now. Hopefully the market turns soon and everyone is seeing better times.
As soon as someone will take the incentive to figure out how to break the hold Greed-O-Nomics consumers might just boost the economy enough that families can afford to spend more on those items they are turning away. Once again when humans live in harmony certain authoritarians will put those greedy thoughts to control the world may dissipate and make the world into a peaceful state!
Thanks for the comment! We are all hoping for the best for everyone! 🙂
THERE'S NO OUTLOOK FORECAST ..STOP LYIN..ITS SIMPLE TRUCKERS DRIVE AND GET PAID WHATS DESERVED NOT SLAVE WAGES
There are always ways to forecast and predict the market based on historical market trends. Paying attention to these will better help plan for future success in the industry.
You are a manager so you are looking to depress the payment of drivers and when all other expenses are going up why you said driver pay is going down not true with our experience , well we are not working for the nasty companies like yours , and you cannot keep the drivers you allready have if you start paying them less, we have a lot of choices, nice to know your company name so no drivers will try to be driver of your company
I am sorry that you feel this way. Paul is the Chief Financial Officer for ATS. His goal is to help ATS succeed and this includes the drivers. I am unsure of how you came to this conclusion, but Paul is stating industry wide facts here. Maybe you are having a hard time understanding the wave that the industry goes through as well as the supply and demand aspect that affects shippers and drivers so heavily, so I will refer you to this resource: ua-cam.com/video/nPQepM9RirU/v-deo.html
ummm does this guy know that their is a driver shortage in this country? And most companies are understaffed like mine?
While some companies may be understaffed, there were a boom of drivers entering the market during 2020 and 2021. There is always someone to cover the load and that is what is driving prices down. With prices being so low, drivers and staying put and afraid to switch companies so it may feel like there is a shortage.
They been saying this for 3vyrs now nothing will change but get worse
Two years ago was one of the best years the market has ever seen. 2022 was really the decline. If you check out market graphs over the last ten years you will see that we are currently sitting at a similar spot as we were in 2017. Every other year the market shifts back and forth, always has and probably always will. Hope this helps! Thanks for the comment 😊
@TruckingIndustryChannel it won't shift back because they are making record breaking profits on the products the only way it will change if 75% of the truck force just stop driving for a month.
You might be a college educated economist! But what you don’t know is why the trucking industry is failing! It is because drivers are treated so bad! I know because after retiring from the airlines as a pilot. I drove a truck for 18 months. It was the worst decision I have ever made!
I am sorry that you were treated so poorly. Times are tough right now for drivers, but not all companies treat their drivers poorly. The current market is in favor of the shippers (as it is every few years) because there are more drivers than there are loads. When the market shifts the other way, the drivers will have the upper hand and the shippers will be in a tough spot. It's a wave that goes back and forth. If you look at the numbers, we are sitting similarly to where we were in 2017. The only added factor that is making it worse is inflation, however, inflation is affecting all parties. If you are still driving, you should find yourself a company that values you and stick it out until the market shifts back into the driver's favor. Best of luck!
@@BeyondTheRoadATS Thank you for the reply, I drove back in 2015 -2016 I went back to flying corporate jets, eating right having a shower and hotel every day. And being respected. Not having to worry about finding a place to park. I fly to an airport and the people are happy to see me we load up and are gone. Unlike arriving at a shipper and waiting 4-5 hours to get loaded.
The tides in many industries go through what you described, right now in aviation pilots are in control, unlike they were in the 70’s when I started flying. 😁🛫
New trucks costing over 200K with bad quality, Brokers keep rip off truckers. Big trucking companies with minimum profits keeping in the game. Not experienced drivers for automatic truck only driver's license, clueless and dangerous on the road!!! Greedy unqualified humans ruining trucking industry. Unfortunately like this man here keep talking by some formula. Until corporations running trucking as an investment on Wall Street, trucking industries will not see future.
This is simply not true. If you look at freight rates, it's the same as it was in 2017. The industry goes through a wave that bounces between shippers and drivers. Right now, there are too many drivers and not enough freight. Perhaps this video will give better insight as to why this happens: ua-cam.com/video/nPQepM9RirU/v-deo.html