Bottom line. A shipper has a load for $1 RPM ( or less). We all know this is a total loss for a carrier but someone takes this load to off set fuel costs. 1) the shipper learned they can get it moved for $1 or less. 2) shipper won’t want to lock in on a contract rate when they see it will get hauled for $1 or less on the spot. 3) shippers will have the same costs as carriers to set up or expand their own fleet. If we loose at $1 RPM so will they. So save money put it on the spot for $1 and it will get hauled. For this market to turn ALL carriers need to stop hauling cheap freight. Let it sit and rot on the dock. Shippers want to starve us out so time to flip that switch. Stop hauling cheap freight NO EXCEPTIONS! My definition of cheap freight is a RPM that does not cover ALL costs of moving that load with with some profit. This idea of I got $3 going out and $1 getting back gives you an AVERAGE of breaking even is ridiculous. EVERY load you load must be profitable. If not, you are the problem.
@DavidMartinez-fp2me
4 ай бұрын
We are based on the US/mexico border. Mexican fleet owners have taken over, they cross the freight across and deliver themselves, taking advantage of the growing demand using cheap unregulated,unsafe, underpay drivers. They are buying American used trucks and taking them to Mexico. We are not seeing the benefits of this growing demand. Plus they stay in the U.S. and work under other MC to haul freight. This needs to stop it’s hurting our industry.
@TopUpLogistics
4 ай бұрын
Freight has to be tracked digitally with a proper system in place in order to avoid double brokering and Mexican carrier’s using US MC authorities.
@truckerjon7255
4 ай бұрын
Mexican fleets should have the same regulations as Canadian Truckers. Brighton Administration has got the country in an uproar and we are losing our ground trying to battle the corruption.
@kajg4236
4 ай бұрын
This is 40% of the problem right now. They are flooded in cali taking a $1 a mile back to texas
@MS-oz2wu
4 ай бұрын
Everyone needs to read this and send copies of it to those listed below!!! I will copy this and send it to my congressman, maybe my commie Senator's in AZ. Thank you for clearly exposing this from your location. Plz send this information to anyone you can so they know we know. Recommend OOIDA, Gov Abbott, your Senator's, your congressman.
@MS-oz2wu
4 ай бұрын
When one country takes another countries resources, This Is War. It always has been AND OUR OWN GOVERNMENT & CORPORATIONS ARE CONDUCTING THIS F'n War On Us. The whole idea of the Declartion of Independence was to make sure we had the Power, in the 1st & 2nd Amendment, to fight Tyranny. What we are experiencing is far worse than what the British did, they just wanted taxes to pay for their army. We are experiencing Tyranny & Treason. And everyone must scream loud and demand Our Reps act to stop all this crap that we are suffering!!!!!!!
@blast-it-x2398
4 ай бұрын
Shippers will be outraged at how long their trucks are held up at receivers and back haul shippers 🤣😂😂. Their fleet won’t be available in a timely period to haul another load. They can’t afford to pay their own drivers properly during those away from home down times
@SoldierJ613
4 ай бұрын
47 cpm to 54 cpm? Is what they are offering drivers. Im seriously refusing to drive a semi. I will deliver pizzas. Absolutely highway robbery. If you go to the store the cost have gone up. So explain the cost goes up but the wages go down?
@DAL799
4 ай бұрын
When they start noticing how expensive it is to fix the trucks when they break down, paying drivers and insurance I’ll be shock if that don’t change their minds
@al-mubdizahir8704
4 ай бұрын
This is not new information for them. They have to know how expensive it is to repair these trucks
@billrussell3525
4 ай бұрын
I believe there are not wnough people who know how to manage transportation departments very well and as we all know, there is very little room for mistakes financially in transportation. Looks good on paper but is just the market looking for a quick fix, shippers trying to also manage their own transportation, as a whole, in my opinion, will fail.
@dusancesarov5194
4 ай бұрын
The reality is that drivers is only one in the industry who’s not paid for overtime and plus market going constantly bad even diesel price going down,we must or stop driving or start to protest peacefully ( stop driving at least for 3 days) ,they need to hear us otherwise they will continue to 💩 on us !
@jaxspeedfreakjoe8109
4 ай бұрын
The economy is in a rescission, that's why trucking is sucking
@Solitaryman70
4 ай бұрын
The USA 🇺🇸 economy is dependent on foreign IMPORTS from overseas, Wars in the Middle East are delaying Shipments, and its going to get even worse if the huge Vessels 🚢 like the Dali that hit the Baltimore Bridge are not allowed inland anymore and have to be unloaded in Ocean Waters only IMO where they belong, we’ll see what the NTSB decides, YIKES 😳, better hold on to every dime for the next 6 years, thinking positive is just a form of DENIAL, not gonna help you. Perhaps getting closer to your local Church ⛪️ and family members might.
@MarineTrucker1775
4 ай бұрын
I am a former focus broker, fleet manager and account manager for a mega carrier but now I own a small carrier and been in this business 17yrs. This is a really bad time. And the people that make it through will reap the benefits on the other side. But here’s the thing. There are only so many private fleets. You have to think about the volume of freight that has to move daily. The private fleets can’t get trucks or trailers fast enough, let alone be able to afford to grow it bigger or fast enough. Let’s say a private carrier wants to add 1000 trucks which usually takes years. You’re looking at 150 million for trucks 50million for 1,000 trailers. So at 200million from the jump. That doesn’t include recruiting, pay, incentives, 401k match, insurance (most are self insured so add a billion in the bank for those 1,000 trucks) don’t forget if any lawsuits happen due to an accident that’s variable really but I think y’all get the point. Private fleets, mega carriers, midsize to large carriers dipping into the spot market is literally nothing new. Usually they do it during peak spot market rates but now they are drowning along with everyone else. They just have a lot of money to lose but some obviously haven’t. So all that to say this. We are in a recession. Most people right now are either out of work or lost their full time job to work 3 part time jobs. Everything is political. Trucking literally rises and falls on politics, regulations, etc. I don’t see how people don’t get that. Trucking will recover. My business is doing very well. If I could lease on more people I would. Part of my company is in a niche with great customers. Do we have to take crap pay on some loads, yes. But they still pay a lot more then spot.
@gilberrios3040
4 ай бұрын
That’s it you said it all!!!
@johnjoyce4893
4 ай бұрын
This☝️
@Solitaryman70
4 ай бұрын
You forgot to mention the “TAX SYSTEM “, the Mega’s can afford big time accounting firms to find them every Loophole available to cover their losses, Obviously everyone knows where all those losses are passed on too……As Robert Kiyosaki my favorite Entrepreneur said; ONE DAY THE BUBBLE 🫧 will BURST 💥…..So how is trucking going to recover and get better? Never gonna happen, all people are going to do is ADJUST AND READJUST AND ADJUST AGAIN AND AGAIN. Does it mean things are getting better because they play with our minds by dropping the price of fuel by a few pennies, then raise prices up again higher than they were before? NO. It is merely impossible for the Richest country in the World to be in a Recession. IMO, A Recession in the RICH 🤑 USA 🇺🇸 only means the people are Adjusting while the GREED AND GREEDY RICH enjoy nice fishing and Golf ⛳️🏌🏻♂️vacations. Keep on thinking positive people, the Rich Corporatists really love ❤️ CONFORMITY.
@tadlocktrucking4456
4 ай бұрын
Bingo!
@sonnygreen9698
4 ай бұрын
Politically correct 😂 Things will take a very large swing the other direction over a period of time if we install a different administration, it’s no different than the automotive industry or any other industry for that matter, the reason for the severe swings is the difference in political gains over the last 15-20 years.
@badboy63079136
4 ай бұрын
These shippers will learn the hard way what happens when thier private fleet drivers decide to go Union. This is a lesson they will not enjoy but it will take time to work through.
@jwonder1218
4 ай бұрын
Have anyone noticed shipping and receiving times are ridiculous? They literally make it impossible to reload with these time gaps and loading and unloading times. On top on that brokers are penalizing us carriers for not making on time PU or delivery. We need to ban together asap to combat the brokers as well as the Shippers. We have the power to bring them to their knees if we unify instead of just waiting for them to cut us a break🙏🏾
@peternikolayev9827
4 ай бұрын
The only break they cut is little rate increase for a bit which is not enough to make a real difference. The system has been banning together against the common man for a long time.
@WPRJersey
4 ай бұрын
Times are hard on them too. They don't have enough workers willing to actually work. Our younger generation just don't show up. IDK why. So a shipper or receiver who used to have 10 on a dock, now only has 3
@tadlocktrucking4456
4 ай бұрын
We just cant take 2 million drivers and find unity in such a diverse industry. If we all worked for one company then there could be better balance. As an owner operator....im at the mercy of my customers! Everyone is my customer and im only responsible for myself. Moving freight is my specialty. Miranda brings up what most drivers never see or understand.... Control is only an illusion. Driving still remains the dream.
@Robert-bt8cp
4 ай бұрын
Good Evening, I believe the shippers are looking at cost of course, with that said it is just a matter of time before they eliminate a vast majority of their broker business. Technology has obviously vastly improved and our industry has become more streamlined by the day. Why deal with brokers going out of business when they could post their own loads and don’t have the fear of paying twice if the broker bails or girls for bankruptcy. Trucking is no longer a career, too many unknowns and given thy I would advise anyone to purchase a truck. Just think we are two weeks away from the speed limiter announcement, what will that do everyone’s business? When I started in 96’ you made a decent wage, nowadays one could argue and be correct that trucking isn’t worth the time anymore. Stay safe.
@schultz1966
4 ай бұрын
Hey Miranda, I have worked for Walmart for about 5 years. I am relatively sure the company does not look at the spot market for backhauls. All of the stuff we pick up to take back to the DC's are regular vendors Walmart uses. Also, most of these vendors (shippers) use Walmart's information for verifying pickup information. I can't say for certain that it never happens, but I have never seen it. Also, most of the inbound freight to the DC's is shipped via outside carriers. I have no idea as to the amounts or percentages shipped via spot or contracted freight. The private fleet really carries a limited number of products from shippers. The main purpose of the private fleet is to maintain inventories at the stores. Anyway, I enjoy your videos. They really help by providing current information about the industry. I also hope those freight rates improve soon!
@clintonkirker5154
4 ай бұрын
There is a reason shippers reduced their fleets to begin with. It’s just those in charge don’t remember that reason.
@markm0000
4 ай бұрын
The cycle continues. Capitalism. No rest for the wicked.
@Justice4truckerscom
4 ай бұрын
Everyone needs to stop focusing on market rates and focus on what it costs to run a business. Look at what you're paying for items that you want or need and ask yourself is it justified knowing how much market rate is to haul that product. The answer is no. So obviously the shipper or customer is paying more to haul that freight then what carriers are getting. Stop hauling freight that is under operational cost. Operational cost is around what fuel cost is.
@kirksears6541
4 ай бұрын
Miranda is 100% correct. I work for a paper and cardboard company that owns it's own truck fleet. In the past 2 years we grew from 500 hundred trucks to 750 trucks. We would broker out a couple hundred loads a day in the past. Now we hardly ever broker out loads except on the weekends when our drivers are going home for the weekend to restart their clock. Also other companies and brokers reach out to us begging us to pickup their loads as backhauls for us.
@MS-oz2wu
4 ай бұрын
It seems like a good idea. Problem has been that running their own trucks seriously detracts from their core business. I asked a shipping department gal one time why they don't have their own trucks. She said they tried that. It just didn't work out. Think about all components to creating a fleet, keepin trucks busy 10 mos out of the year & in months they slow down. Keeping drivers is a big problem, maintenance, not just like a shipping dept like they have now, but another whole huge department for shipping. Theres many more points but to little space & time to write it out. Look at it this way a big corp would really have to buy another big corp like Swift. Cutting down on their own growth factor.
@Solitaryman70
4 ай бұрын
You mean Knight Transportation?
@MS-oz2wu
4 ай бұрын
@@Solitaryman70 Yes sir
@a700hp
4 ай бұрын
A shipper will have to purchase a truck, multiple trailers, insurance, driver, develop a safety program, a transportation manger, fuel, maintenance, regulations, it's cheaper for them to continue the way things are, doesn't seem cost effective
@smk4902
4 ай бұрын
Yes this has been going on and Amazon has the biggest impact.
@davidowen9671
4 ай бұрын
Miranda and folks, What is the longest time-frame you can imagine before Artificial Intelligence makes the truck driver obsolete... and what is the shortest? (For these purposes, let us rule out thermonuclear war and starting over again from flint stones.) So, we probably all agree that the transition will not be completed over the next five years. And probably we all would agree that there will not be commercial truck drivers a hundred years forward, the way things have been going. Anyone want to take a guess at narrowing this window, with supporting arguments and information?
@davidowen9671
4 ай бұрын
In my humble opinion, it would be ridiculous to posit that self-driving trucks will not have been fully phased in inside of 30 years.
@scottmong8763
4 ай бұрын
Some insider information from a friend with one of the leading truck manufacturers. November will mark the turn around in freight rates.
@HA-nx5qn
4 ай бұрын
If these shippers can take away all the loads from the brokers and carriers for hire and offer great hourly wages for their truckers, with a pension plan, health benefits and a great work life balance… as ex truckers. I would definitely dust up my CDL A and jump on board. Brokers carriers for hire and government oversight has WRECKED this industry.
@davidowen9671
4 ай бұрын
And why should things get better? As I have written to you here before, what is the combined population of India Pakistan Bangladesh Indonesia the rest of Southeast Asia Southwest Asia Sub-Saharan Africa Central- and South America???? And in a system of representative democracy, the more of these folks that are here, the harder it becomes to say no to more, unless someone thinks that the Bantu or the Sikhs will say --- will vote --- for no more Bantu and Sikhs! Res ipsa loquitor.
@Stavros1977
4 ай бұрын
Better days are coming. Freight has to move. Once Biden is gone, the economy will recover. I've been booking good paying reefer loads. Always stay positive.
@Solitaryman70
4 ай бұрын
😂🤣 Geez 🙄
@vroor32
4 ай бұрын
@@Solitaryman70exactly 🤣.... Every post this guy makes, like clockwork, gotta slide in Biden.... Yet he made his own business decisions by himself 😂
@blueodysseyllc
4 ай бұрын
It’s not a sure thing he’s going to be gone
@Kraxi95
4 ай бұрын
Dream on , inflation will rise more and more doesn't matter who is in office
@zerocal76
4 ай бұрын
YES, one incapable president getting replaced by another incapable one is exactly what will turn things around 😀😀😀
@lvicente2000
4 ай бұрын
These changes are all cyclical. Shipper will add equipment to do their own movements and a few years later they decide to stick to their core business and hire for transportation. They realize that managing equipment and drivers is a big hit in their P&L and leave the transportation to shipping companies . I’m more concerned of government working with mega suppliers and pushing the little guys out. Even this would be cyclical bc some transportation companies can’t manage growth but short term it will hurt the little guys. Supply and demand works its way out unless government keeps meddling in the equation .
@dwainsmilne
4 ай бұрын
Doom and gloom??if people want to know the truth about trucking then I would think that they would like to listen to yourself sweetheart but I guess some people want to listen to just bullshit to make then feel better (NOT ME) I want to hear the bold truth, good or bad!!
@STONEDECISION
4 ай бұрын
Stop apologizing for talking about what is. If people don’t want to hear the truth nobody is forcing them to stay here and listen. They can go where ever they want to stick their heads in sand. As for the rest of us, let’s go.
@marquezinj22
4 ай бұрын
All it would take is 24-48 hrs for all drivers to shut down and not accept any loads to help the rates and show them the impact of truckers but they continue settling for low rates so its just going to get worse. Sadly
@smk4902
4 ай бұрын
Bigger problem is what JB HUNT is trying to do with its intermodal network.
@NR-fn6uq
4 ай бұрын
WE NEED AN ALLIANCE FROM BIG CARRIERS COMPANIES AND ALL LEASE AND OWNER OPERATORS, SO WE CAN STOP LOW PAYING FREIGHT, ITS SO HORRIBLE, ONLY THIS WILL GET JOB DONE, GET TOGETHER AND REQUEST FAIR $ FREIGHT.
@ArmandoPerez-tj7bc
4 ай бұрын
Employees are a pain in the ass for a company that could do with outside labor. There are risks like liability and lawsuits in what is the most dangerous profession, minimum wages and employment overhead such as taxes, and insurances, and the always present threat of DC and politicians passing laws to protect the employee such as paying for detention, overlay and overtime. In many ways is shipper to pay more to outside carrier or contractor to haul the load without all these liabilities.
@timothyhorton6352
4 ай бұрын
If you are a private fleet and moving your own loads you shouldn't be using the spot market. That is a trucking company, not a private fleet.
@ericjamison8063
4 ай бұрын
I used to work for Batesville casket co and they considered backhauls a 100% profit because when they built the price of the casket in it was round trip. They used to be a top notch company then they went on the nyse and now they treat the drivers like common folks.
@skipdegraff6547
4 ай бұрын
Mexican drivers run for $700 a week 3600 miles 1099
@jeffharris7777
4 ай бұрын
Just scrolling through and wanted to say you're cute. C-ya 🤙
@johnwolf1475
4 ай бұрын
shiipers van be landlors acting as propety management or as investors--- investors dont deal with tenants nect shipment pllease
@Robert-bt8cp
4 ай бұрын
After re-listening to the video here are my thoughts. - I believe most shippers will stick to shipping, now could they try and hire more last mile drivers, yes. - I also do not believe most shippers want to be in the recruiting driver arena. They have enough on their plate trying to hire/retain warehouse personnel. - I think it does make sense however for the shipper to trim the fat if you will with outside shipping costs ie..broker business. - Why haven’t the brokers stood up and screamed the past two years regarding speed limiters? I think this is the biggest heist that is or will be occurring very soon, why? - If the speed limiters are implemented what value proposition statement can a broker provide to the shipper? All trucks will travel the same speed, all trucks have tracking and all trucks (most) are air-ride nowadays. - I believe that, yes the carriers will pay a price with speed limiters but the brokers will be most impacted. - Freight waves had a survey recently and to sum it up, the most important metric for a shipper is cost; it’s not tracking or are you wearing boots or flips flops; it is cost. - I do believe in time (not sure when) that mega-carriers and others, by the way it is already happening; they will not be able to put bodies in seats. The sacrifice vs reward vs risk just isn’t there any longer. - Recruiting or lack of is why we will see major changes in our industry. They’ve gone through in my opinion the last generation of youngsters who want to try and drive truck. - The lack of pay, the expense of being an OTR driver and giving up your life is not appealing to the masses. - If speed limiters are adopted I believe OTR in general will become a thing of the past eventually. This has been talked about since I started in 96’. - Trucking is in for a ride the next 5-10 years and unfortunately the men & women who are sacrificing their family life and their own livelihood will suffer the most. Let’s face it most of these companies are not in my opinion willing to take in the risk associated with the transportation well risk. I hate to say this, but they also do not want “us” to be the face of their company either.
@Solitaryman70
4 ай бұрын
Well Said, the well kept secret is ; In Reality any load that is booked has 7 days to deliver from when the Driver picks the load up and Signs the BOL, after 7 days the Shipper considers that a Service Failure…Brokers and Dispatchers will never let drivers know this because they want their Company Bonuses, Speed Limiters 😂, why would they schedule loads at 50 mph? It’s all a trick to get the drivers to do more work for less money, and then Praise them for delivering ON-TIME for the appointments the Company sets, NOT THE SHIPPERS. As long as the freight is delivered within 7 days from the pickup time, the shippers don’t give a hot crap. BTW, The Rail has 14 days.
@NicholasEstrada-tp8cj
4 ай бұрын
Listen hopefully we are all grown ups here to take good and bad news , great video. Peace 🙏.
@dangranot5703
4 ай бұрын
Over the last few years I've had a few customers that have started their own fleets. I've even had a couple of them call me to see if I had any loads for them for a backhaul! The thing to keep in mind is that, as a shipper, it's a lot easier to save, or even make money, with their own fleet, when freight rates are high. The state of the industry right now won't be kind to their bottom line any more than it is to ours. Of course, the Amazons and Wal Marts of the world would love nothing better than to 100% own their own supply chain, eliminating any outside market forces entirely, but most companies aren't anywhere near their size.
@Jose-gq8wc
4 ай бұрын
30 years ago, family dollar and dollar general nestle had their own drivers. Then they did away with them and went to a third-party carrier for their store delivery. And now they are back with their own drivers again. Cost are high to keep third party can't blame them
@blackspiderman1887
4 ай бұрын
I would be nervous but I don't think they realize what's involved when it comes to owning a fleet. It's very expensive and mismanagement can have you end up being in a worse situation than before. Owning a truck is very expensive and they will find themselves breaking even or taking a loss if they don't know what they're doing
@ryanhale8013
4 ай бұрын
Trucking is done get out while you can
@starkicker5623
4 ай бұрын
interest rates are extremely high to curb inflation. that price trickles down to the general consumer/trucker
@rlfedler
4 ай бұрын
I like reality. If I know the truth, I can deal with it. Thank you ..
@legenda4341
4 ай бұрын
Politics will destroy this country.
@TonyRoche1
4 ай бұрын
Thanks for the heads-up..i had my suspicion since i been seen this playing out with our Walmart accounts
@mrcoffee70
4 ай бұрын
Shippers will have second thoughts about their own fleets after the first nuclear lawsuit is filed against the after a crash.
@RomanVarl
4 ай бұрын
Cutting out the middleman has never hurt the commerce (historically).
@waden404
4 ай бұрын
you are NOT doom n gloom. Heck, i quit my otr job 2 weeks ago because i REFUSE to sit in these dock doors anymore. I want "normal" again. I still like n watch your channel.Company i was drtiving for (based out of Farmington, NY) is a sinking ship and per the vp of operations, "yes, we are taking on water." It has changed to forced dispatch (seeing as how i got my butt chewed for denying two overnight loads that I DO NOT do.) I bailed out a week later when it took them a week to get me home to fl from gettysburg.
@TruckingMadeSuccessful
4 ай бұрын
It's a mess! Cant wait for normal times to come back
@davidowen9671
4 ай бұрын
@TruckingMadeSuccessful And why should things get better? As I have written to you here before, what is the combined population of India Pakistan Bangladesh Indonesia the rest of Southeast Asia Southwest Asia Sub-Saharan Africa Central- and South America???? And in a system of representative democracy, the more of these folks that are here, the harder it becomes to say no to more, unless someone thinks that the Bantu or the Sikhs will say --- will vote --- for no more Bantu and Sikhs! Res ipsa loquitor.
@davidowen9671
4 ай бұрын
Friend, a guy has to be at least "micro rich" or rather stupid before quitting even a lousy job. What, quit and storm off in huff, only to need to come back , hat in hand begging 2 or 3 months later?
@al-mubdizahir8704
4 ай бұрын
Ppl say doom and gloom. I say education
@alouette87
4 ай бұрын
People keep flooding trucking industry. At least 300 thousands new drivers came to trucking since 2022. Thousands ukrainians, russians, uzbeks and ect coming to USA and immidiatly after they get work permit here they apply for CDL..
@taspats8701
4 ай бұрын
still too many trucks on the road
@johncalvo1743
4 ай бұрын
I don't really buy it. The ultimate consumer pays for shipping costs one way or another. A shipper who belly aches about shipping rates simply raises the price of his goods. When you think about the effect on the final price of a single item, it is barely noticeable because of the volume in a 53-ft trailer. Case in point: Let's say you are an orange producer and you want to ship 30,000 lbs. of oranges. This is a relatively light load. So a $1 a mile increase over a 1500-mile trip is $1500. A medium-sized orange weighs about 130 grams. This is about .28 of a pound. So 30,000 lbs. / .28 = 107,142 oranges in that 53-ft trailer. When you divide the $1500 increase in shipping rate by 107,142 oranges, the increase in the price of a single orange is not even a penny and a half. So this notion that a shipper sweats the rate is ludicrous. If anything, I think that a lot of shippers have been burned by fraud, so they are fed up and are trying something new. But ultimately, this will fail when reality sets in. In the case of the orange producer, why the hell would they invest millions in equipment and administrative costs, and take on enormous risk, when they can just simply raise the price of the orange by a penny? The price of goods is out of hand all across the spectrum. That money has to be going SOMEWHERE. Now I'll tell you what the REAL PROBLEMS are: 1- Third-world labor is working for scraps, so their employers can haul cheap. 2- Brokers are pitting carriers against each other on the loadboards. It's a race to see who hauls the cheapest. Small carriers have bills to pay so they panic and capitulate. 3- Brokers are taking too big a piece of the pie. Maybe not as shameless as before, but nevertheless, they are still doing it. 4- Rampant fraud and the lack of enforcement has turned the industry on its head. 5- The Megas continue to be subsidized for each student they "train" for their CDL, so the influx of garbage drivers that give good drivers a bad name never ends. 6- Over-regulation and BIG Government has basically made it a pain in the ass for everyone. So what is the solution: The solution is very SIMPLE. Do not haul for anything less than a great rate. For me, this means $3 a mile. Why is this THE solution? Because if EVERY SINGLE TRUCKER adhered to this principle, guess what? They WILL get the $3 a mile. WHY? Because the freight HAS TO MOVE. There are no ifs, ands, or buts about it. THE FREIGHT HAS TO MOVE. But this will never happen because for this to work, the vast majority have to stand together. I get emails every day from brokers asking me to quote my best rate for loads. I don't bother to answer. I will not be used as a pawn in their little game of "who will haul the cheapest". FUCK THEM. The other solution is to require companies to pay a certain wage. In international trade, there is an illegal practice called "price dumping". This is when a producing country that has an extremely low cost of living sells their goods to us ridiculously cheap, in order to win business and take over market share. Our domestic companies can't compete with these prices because it costs a lot more to produce that same good in our country, than in China, let's say. So, our government imposes tariffs and other protectionist practices to support our domestic producers. There is nothing wrong with this. When a trucking company hires foreign labor at ridiculously low wages, to me this is a form of "price dumping". I like to call it "wage dumping". Our trucking companies can't compete because our domestic drivers will not work for scraps like the foreign drivers. So off the bat, the foreign trucking outfits have a competitive advantage over domestic ones.
@scottmiller4745
4 ай бұрын
I leased my truck to a private fleet. Doing well, just did my numbers. 2.28/mi for the last 4 weeks after all expenses other than my truck payment and only 6 more payments to go. I'm at .33cpm on fuel. I run short loads only in the midwest so I get home every weekend. Drive less than 2000 miles a week at 60-62mph. So... trucking isn't dead and learning to be hyper efficient will save you. Funny thing is 95% of trucks just keep blowing my doors off every day so the rates must be amazing.
@trancedunn8064
4 ай бұрын
Couple few days late thanking Miranda❣️commenting in the comments section But if strippers take over trucking the no parking anywhere is gonna be so much worse Wait….. My bad My words were mixed up 🤣😂🤣😂🤣😂 We heart Miranda
@smk4902
4 ай бұрын
I'm not sure if a shipper can do it more cost efficient than a hired carrier. You must be really big for that. Amazon maybe.
@RoadDogRiley
4 ай бұрын
Walmart, Georgia Pacific, Ashland Furniture, Denver Mattress, American Furniture Warehouse, and the list goes on. It has been mostly furniture companies in the past. Walmart has had their own trucks for a while, but they are big. Papa John's does most of their own too. I'm not sure of any of the new shipper fleets, but I can see it being a trend.
@johnwolf1475
4 ай бұрын
dont ever apoligize- for giving truth let the ego struggle
@blackthought7250
4 ай бұрын
They said the intermodal was gaining more traction. JB Hunt has cornered the market. Also WALmart is going to completely prioritize there loads. I work for SWIFT. They stated intermodal was picking up faster than anything.
@ChampHTX
4 ай бұрын
Let us not distract ourselves. The real player facing this threat is brokers. Shippers already know this but when will we take marketing our services SERIOUSLY and I mean everyday every week and every month serious? I’ll say prepare.
@periscope1368
4 ай бұрын
Let’s not spread misleading disinformation. That’s what I think. Noting perfect in this and one not moving that expense in house (if not only partly), because in 80% of cases that one would end up loosing business. I can cut one of my fingers if someday more than 20% of shippers will have any meaningful capacity of traditional fleet. Such a news sounds to me same like news about Oil that won’t be needed anymore any time tomorrow.
@guycufaude7057
4 ай бұрын
A typical company says a driver earns 1 day off per week. We are an 8 day week organization, thus 45.6 days. Companies believe that is too much. For the first time, I might get that time. Because of age and medical issues. Based on the life cycle, I am living on borrowed time.
@guycufaude7057
4 ай бұрын
I wouldn't fret to much about the shipper. The tunnel vision missed a few factors. The employees will not like it when they realize they only get 45.6 days off instead of 110. Plus not being to call in sick, undercover angle time.
@civosborne
4 ай бұрын
The rail comments make sense. I'm an OTR driver but I've only moved 3 conventional loads this last month. The reason is I'm about to move our 5th power unit from Houston to Chicago for local Drayage work on the railyards.
@RadiantAtlantis
4 ай бұрын
Not all shippers can do it ; more needed space for trucks. Need to create another trucking company withing the former company. Need more money to hire and buy new trucks and drivers. Extra financial responsiblity to shippers. Good luck dealing with DOT and their credit score when they screw up…. All in all extra responsibility to shippers , not all of them have the capacity nor the sucker balls to make it . DOT please deal with shippers 😂
@smk4902
4 ай бұрын
Today I saw a train loaded with 53' domestic containers. All the big trucking companies had their names on those containers.
@muskratjoel
4 ай бұрын
My company moves empty trailers on trains
@haaiitii
4 ай бұрын
Shippers is a small part of the problem, they are paying more for the shipping, private fleets cover THEIR personal loads but what about the loads that hit the market? the problem is the brokers/agents taking 30% to 40% off the load
@scatter-vision21
4 ай бұрын
If the shipper or Broker has no way of moving the load, they would have to re-negotiate with the shipper or the shipper would just have to pay more because without us, their loads won’t move. But unfortunately, with truckers being so desperate, either with high payments and insurance and caught in the trap. They’re going to take those loads. And end up going out of business, because we have way more to pay. Then everybody gives us credit for. You make barely enough to pay your truck payment your insurance maintenance but they don’t care about family, which we still have to support.
@Truckingup
4 ай бұрын
We are in a major recession and have been. Companies are reporting poor earnings and are laying off. The US dollar just doesn't buy what it used to. People are cutting back on expenses and that reduces rates over all. We are heading into another financial collapse. Markets must correct. The only way that happens is Wallstreet enters a recession that matches the real economy. The 08 crash devastated trucking. This one will be worse. The 2020 recession was fixed by the fed printing 10 trillion for covid relief to companies and individuals. Everyone got rich and rates exploded. Now inflation for that 10 trillion has come home to roost. So we see two options. Option one is print more money to stimulate the economy and great greater inflation a few years from now. Or allow the free market to correct itself. From best I can see this current market and rates are the best we see until the fed decides what to do once Wallstreet starts to pull back. I know people think Trump will save it all. But who was president when the 10 trillion was printed? If this hurts someone's feelings I'm sorry. It's best to understand the economy and where it is at then to fantasize about some miracle cure. Reganonomics worked. We just didn't see the fruits of that until the Clinton administration.
@tsocity213
4 ай бұрын
Hey LEEETSSSS GOOOO!!!! Thank youu🎉🎉. Shippers expanding their own fleets. Is a recipe for disaster. Imagine having 300 trucks that you didn’t before. Now they will find out the ridiculous maintqnce costs.
@hecctorluispagan2072
4 ай бұрын
Unfortunately in this scenario owner operators are quickly exhausting their utility to the shippers. Shipping companies like Amazon for example are growing so quickly and settling up Distribution Centers locally. It will eventually be more cost effective to just hire truck drivers at this rate. Their goal is to increase volume in order to scale and report positive quarterly earnings to shareholders.
@duvasio8956
4 ай бұрын
Guys please stop complaining. Trucking is about having fun . We had crazy rates for 2 years now they are worse but you mix the bad with the good and you're still running at a profit. If you cant survive in todays market then get out now. These rates are great. I'm still making more than a company driver and that's all that matters. We aren't going to get rich in this industry but we will have fun and make some money while we're at it. I see trucking more as a hobby than a job. This is something you can do to pass time, drive some miles and hey maybe at the end of it make a couple of bucks. Stop acting like this is a job because it's not.
@bouquetchocolatesandconfec77
4 ай бұрын
Company driver here - I see shipper with there own fleets Walmart, Amazon.. also I see carriers become there own cold storage facilities like DOT logistics.. DOT logistics has it own cold storage with there fleets attached. ** rail and inter-modle is where i physically see the volume and trend heading.. there will be only so many for hire fleets after shipper get retooled….
@sword-and-shield
4 ай бұрын
No, shippers won't be running the show., unless they can over run the middleman. The Market? Never like it was, they made sure of that. Up a bit more when demand surges, sure.
@joeymontanda8997
4 ай бұрын
I’m always excited to see a shipper expand there growing fleet it promotes better pay, home time, consistent pay, but at the same time turn over rate, overhead pay, and available freight at the time might lead to a greater expense shippers might not be ready for. As a swift OTR driver our first quarter we were down 2 billion and I’m still doing well and have a job. Not a lot of trucking companies can afford the loss with the gain.
@Anthony-bs2tn
4 ай бұрын
You look stunning in this video your hair is perfect, the lipstick is beautiful, your eyes 🤓are making me crazy ❤ 😘🙏😊😎💪😍
@kinfudamene9180
4 ай бұрын
In addition, to operate in the spot or contract markets, they will need to register with the FMCSA as a for-hire carrier as well as a Private fleet. That will require a different organizational setup, if any available, which also will have additional cost and regulatory burden.
@josephgrama5563
4 ай бұрын
I do not agree with this at all and I will explain why .....1 will companies buy and expand fleet this is a maybe but most won't because of the cost of truck insurance and driver and if and when they have less frieght moving they still need to cover thsy expense ....2 the main problem is and unregulated broker mark up on loads and it's simple if a load that the shipper pays 2000 for and broker puts it on board for 1200 or 1300 low end just because that's the mile per rate in that lane as they go by......and the carrier working direct with that shipper is still getting that 2000 a load I know this to be true I see it out the mills I pull put of direct there load pay never changes but every day on the board the pay goes up and down and the logistics department says they pay the same to.carrier and broker...and third as far as during covid there was no more demand for then any other time of year and the saying they were using on TV is a trucker shortage was false anyone in the business knows this it had to do with them telling business to close . .also lastly the California rail movement of frieght.....no one wants to truck in or.out of California with there emissions and dot ..please other trucking company owners comment on this tell me im.wrong
@scatter-vision21
4 ай бұрын
I think that the respect for drivers owner operators has gone to almost nothing. Truck drivers are very desperate when booking loads I don’t know if it’s Driver’s or Dispatcher’s booking it for them but the loads that pop up are low and they fly off the Load Board. When Broker’s and shipper, see this, they’re going to take advantage of it because at the end of the day, most of them are more calculated than your average truck driver.
@brianprzybylski8441
4 ай бұрын
I have a customer that I haven’t run for in a while, who is sending their OWN in-house drivers home and selling their loads on free market because “it’s not worth sending my drivers when I get such cheap rates right now”. So he’s actually doing the opposite and making his fleet smaller at the moment.
@danteholton2242
4 ай бұрын
I’m not concerned because trucking isn’t their core competency. Also, I thought they were only allowed to haul their own products. Either way, a lot of shippers simply don’t want the hassle of trucks and would rather focus on their strengths.
@VanceBrown-r7v
4 ай бұрын
Can anyone explain if the RAILROADS are being affected by the low freight rates in their industry? 0:06
@blakemathies946
4 ай бұрын
There is risk in running their own private fleet. If they grow and their industry shrinks, they are now sitting on a bunch of equipment which eats capital thwy could be investing. If their truck hits somebody and they aren't legally structured correctly, they could lose their entire company in a lawsuit. They may not be considering all of these risks. They will have to make the same decisions when it comes to growing their fleet. How much do I expand and how much do I broker out given future projections. They more there is talk about recession the more they will be hesitant to invest in their own equipment and will contract those loads out instead.
@mafosa8519
4 ай бұрын
Not only are companies self hauling.. There backhauling through brokers.
@bradleymcwilliams6348
4 ай бұрын
Absolutely a concern. Basically, competition that only has the concern of breaking even. They don't need to make a profit in trans, just save on cost. We complain about $1.50 a mile, but if the shipper can break even at $1.40, then guess what, $1.50 is too expensive...
@davidowen9671
4 ай бұрын
Apologies Sir, but I don't understand you. A supermarket chain, for example, will have all the same list of costs (including admin) that a big or small carrier would have. And no business wants to lose money in any of its divisions.
@bradleymcwilliams6348
4 ай бұрын
@@davidowen9671 You're certainly correct, they wouldn't want to lose money on the trans, but break even to cover the cost would be much cheaper than an outside carrier, who not only has the same cost, but is only making profit off the trans, not the sale of the item. When the grocery sells you an item, but that item has a lower trans cost, they've made more profit. Make sense?
@edwinjewell5359
4 ай бұрын
Shippers who expand have a problem thou its called Liability and lawyers will be chomping at the bit. Your expansion on inhouse expansion is flawed.
@michaelhurst4818
4 ай бұрын
This analysis is vague at best. What defines a private shipper? A manufacturer, distributor or retailer? How much of the private shipper is dedicated to what part of the supply chain? What does that fleet consist of? Trailers or power units and trailers. Amazon as a large private shipper uses for hire ground carriers. Even Amazon air fleet is looking to provide space on their aircraft to provide the revenue required to maintain a private fleet. The market is adjusting to mega companies realizing there might be value in owning a ground fleet. The driving force for these private fleets is on time performance with savings a close second. The metrics for these two factors are so close, owning a private fleet for your product is logical. On top of state by state increased regulation for hire ground companies are struggling to remain relevant.
@kinfudamene9180
4 ай бұрын
Mega shippers might consider building their inhouse private fleet in the likes of Walmart, Target, etc.; if their move can yield sustained net economic advantage. Such a move entails clear additional variable and fixed cost of operation, which could soon prove to be unsustainable and inefficient if they fail to perform due diligence in their decision. If such a move were such an economically attractive alternative, we would have seen the good number of large and medium size shippers without private fleets jumping on it a long time ago over the years when they were paying far more for their loads to carriers than they do today. I don't see anything special for them in the current economic environment that should lure them to go private with their own fleet. It might sound simple and straightforward on the surface while the devil is in the details, which a nieve and simplistic shipper might take a plunge for the sake of instant gratification as opposed to long term economic justification.
@Epic_gentleman
4 ай бұрын
That will make no sense for shippers. Fuel plus maintenance and repairs will sink their profits really fast. They will FAFO! Lol
@typruitt7478
4 ай бұрын
The most significant aggravations you deal with on a daily basis are when a shipper throws a load out to twenty brokers. These twenty brokers then take up your time getting twenty different rates from carriers. Per your remarks, we don't need brokers. Cargo should be negotiated between shippers and carriers.
@RLittle1
4 ай бұрын
Shippers aught to try buying their own trucks and seeing just how much it actually costs to operate them!
@MaRover66
4 ай бұрын
Doom Queen ❤
@vernon9121
4 ай бұрын
Most the shippers already lost and are making the loss a cost to everyone. They know you don't profit at these rates. As franchises get their own trucks with higher driver pay yet the driver gets few miles. The Government is making the extra lanes nation wide in anticipation of high use. But who is going to drive if you don't get any savings.
@brianschwarz33
4 ай бұрын
Some shippers will do it for a short time til they find out their not efficient enough. Takes a lot of personnel to plan,move and maintain trucks. They can't nearly be as efficient as a company that's only purpose is to move freight.
@504youhoob
4 ай бұрын
this is the thinning of the herd and those who can last will reap those benefits. I believe there is a hurricane of freight coming. Like when the water is dried out and pulled back before this hurricane hits. Get your equipment in check your going too need it. Stay strong 💪
@Anthony-bs2tn
4 ай бұрын
Our economy hit rock bottom in 1933 , when we went off the gold standard. Need to wipe the slate clean and start over.
@alanpennington6824
4 ай бұрын
Most of the big business had their own fleet years ago. The only constant in trucking is change. As the cost of trucks go up. It will change back.
@jorjesosa9601
4 ай бұрын
The drivers they find for $12.50 an hour, will teach them very fast that they need owner operators.
@davidofthemeadow
4 ай бұрын
Everyone is saying that they don’t think that you are doom and gloom but I disagree, you are definitely doom and gloom but that’s what I come here to hear.
@Deicidebellona
4 ай бұрын
The reason a lot of shippers are doing this is because the fraudulent so called double brokers. They are getting tired of paying twice . Plus a lot of shippers are going direct with smaller carriers that have been in business for awhile
@sosanotsammy21
4 ай бұрын
Yea times are getting tough... its time to cut the fat out the industry, just truckers and shippers. Let the leverage games begin. It really is the hunger games
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