If March 2024 is showing sky high job growth in trucking, does that mean that capacity is increasing and will the trucking bloodbath continue? Or is there another reason why trucking jobs are rising? What about those truck orders? Putting all the information together, I think that carriers are looking for ways to avoid selling equipment, not necessarily EXPANDING their fleets
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References:
https://www.freightwaves.com/news/weak-market-or-not-truck-transportation-jobs-saw-healthy-jump-in-march
https://www.freightwaves.com/news/drop-in-class-8-truck-orders-in-march-looks-big-but-analysts-arent-worried
source
If CDL drivers license were my only form of US identification my cousins and I vow to live together and provide 12 hour shifts to anyone affording us the opportunity to migrate into a higher class of life….. call the political broker…. trafficking the under served into a life of luxury all for the price of slave wages…… feels harsh to type it out this way but this it's an orchestrated attack on American livelihoods in my opinion
I think they are buying slightly used equipment, because if capacity is the same and labor is the most expensive part. We're are they getting loads to keep these trucks rolling?
Economy is dead numbers are cooked its election time inflation is up the roof
Great! More drivers=less miles for everyone!
The carriers need drivers in the seats so the equipment pays for itself so you are 100% correct, I had this conversation with higher ups at knight last week when I read them the riot act for continuing to hire new drivers while not having enough miles for the ones they already have.
What a industry. Who can haul it the cheapest till they go bankrupt. P.S.A . DON'T DRIVE TRUCK KIDS. SEVERELY UNDER PAID DEAD END JOB. LUV YOUR YOU TUBE 💛 THOUGH. LUV SPAZ ❤️ 🤓🤓🤓🤓
Hopefully the economy picks up so trucking can lifen up a bit. 🤔
I think I have the answer that you’re looking. You got your data from the government. The next time the government gives a statistic that’s correct will be the first time. You are very unlikely to hear a negative number come out of the government in an election year. I can tell you from my prospective that I work for won of the best and we haven’t hired since October . As for truck sales. I think that’s more a function of miles driven than number of drivers. If the miles are being run the trucks will get replaced. Companies may be holding on to the equipment a bit longer waiting for the price of money to come down but it looks like that play is going to turn out to be not a great play
Hit that 👍 if you are thinking about selling your truck and driving a company truck.
ukranians speak no english nor read get .28 cents a mile. yup
Lower?? My rates are goin up, increased surcharge again after last month's increase???
My friend had to shut his down and got a job driving. The company said they have had more owner ops than drivers in orientation lately
You make a great point I also think that there are a lot of company drivers laid off + some carriers are trying to get the pic of the litter
I don't know about you guys,but everything is in your dispatcher at this low market.I guess I had a lucky with my dispatch. I'm leasing the truck and still making 2.5k + per week. I'm averaging 8.5k to 9.5k with 2.6 to 3$ rpm, hauling the flatbed trailer. Please tell me how you guys doing with flatbed these days.
Make things seem better than they actually are…Bidenomics.😂
Here is the opinion from someone out here with MY EYES on the truck situation, Not a desk or data crunching. It IS over saturated, or high capacity, I think they will keep it that way to purposely keep the rates low allowing the money to continue being raked off the top, regardless of economy going up or down. Guess will will see. Fuel cost dropping can mitigate it some, but fuel does NOT go down in the spring / summer only up. …Thanks for you insights in the vid Miranda
ALL THE REASONS GIVEN ALL MAKE SENSE. JUST DEPENDS ON THE ENDIVIDUAL. BEEN ON THE SPOT MARKET FOR 42 YRS. THE SPOT MARKET IS DYING. THE GOVT HAS THE LEVERAGE OVER THE BROKERS, AND ALL THE CARRIERS. THE SHIPPERS HAVE THE LEVERAGE OVER THE BROKERS, AND THE BROKERS HAVE THE LEVERAGE OVER THE CARRIERS. TRUCKING IS A BAD BUSINESS. TODAY I SEEN A POSTED LOAD FROM MICH TO SO CAL FFOR 2600.00 THE FIRST LOAD I PULLED IN 1981 PAID ME 3400, BOTH DRY LOADS. JUST GET OUT AS SOON AS YOU CAN.
Peace Miss info thank you!!
Look at Swift & Knights trucking they all hiring Mexican from across borders to work for them cheap wages $600 week. There all over wearing there dog wages. Victorville Ca to El Central CA paying round trip $175.
I’m a one truck operation and I say you are spot on. I have dear friends high in management at 3 mega carriers and they have all told me what you just did lol. Value your videos and input. Keep it up
Don't know about the rest of the country ,but Midwest is popping!!!! Its just Tuesday and i got 900 miles already this week!!!!
What are your thoughts on Lyle at No Hippie trucking modeling Swim Suits
Lies FedEx UPS Saia ABF old D there's trailers are 1/2 load and pulling single trailers on line haul open your eyes there's a big problem somebody lying ???? Just look on road pay attention see for yourself????
Could be all those people that lost they trucking jobs from all those companies going under that are hopping on other carriers
6 months of loosing carriers never equates to an increase in capacity. It may align supply and demand but that is totally different.
Great observation Miranda! The big players insure themselves. That means they pay insurance based on mileage. So all they need is to cover minimal cost per quarter. Unfortunately the drvers will be sitting more.
Heeyyyy!!!!!! LEEEETTTTYSSSSSSSS GOOOOOOOOOOO !!!!!!! Thank u
I think carriers are not buying trucks is because of the new 2027 emissions. I think there will be a run on 2026 trucks and they are waiting.
It's a buyers market period if you can dance in the current market than your golden
The video you shared was amazing! Your content is always informative and keeps us updated on the ever-changing market trends. However, I would like to bring to your attention an important matter that needs to be highlighted more often – the liabilities that carriers have to deal with in the transportation industry. We are a trucking company based in Southern California, and most of our business operates within the state. Despite having maintained direct customers for over 15 years, we experienced our first major accident in September 2021. Our driver was driving on the 101 Northbound when a drunk driver came from the opposite direction and drove on the wrong side of the freeway towards our truck. Our driver skillfully maneuvered to the right shoulder to avoid a head-on collision. The drunk driver's car went under the trailer, knocked off the axles, and then spun out, hitting a motorcyclist. Unfortunately, the motorcyclist was thrown off his bike and sustained multiple injuries, including the amputation of a leg. Later, it was revealed that the motorcyclist was also under the influence of drugs and was speeding. It's important to note that our driver did not make contact with the motorcyclist, and we only avoided the collision with the drunk driver. However, despite this, a lawsuit was filed against our company and our driver personally. The insurance company went back and forth with their lawyers and finally settled the claim for $250,000 for the motorcyclist. We believe that even when we did not do anything wrong, the trucking company will be targeted because people and lawyers know we have to have a $1,000,000 insurance policy. It's a rigged system against us. According to our lawyer, settling the claim outside of the Jury would be more cost-effective. This is because, in California, a law is in place that would hold us responsible for the hospital damages which were over $650,000, if the Jury were to find us 1% at fault. Due to this settlement, we will have to deal with the repercussions, which will likely be paying a higher premium on our next insurance renewal.
Just trying to fill unseated trucks that they can’t get good trade or resell value on
Best driver job war field.life insurance included…Any body interested…😢
This may be indicative of a massive reset going on the the industry. We try to reconcile how trucking jobs might increase statistically, while at the same time capacity fluctuates. It may be that drivers are shifting from low money as O/Os. and going to large carriers for less money and fewer miles. Truckers with an eye on the market know that freight volume is down, along with RPM. Like may industries, trucking may be going through a consolidation, leaving large carriers in control and the market for small carriers tougher. Look at other industries: how many "mom and pops" stores are left in your community and how many "big box" and dollar stores are popping up? My point in this is that there will always be room in any market for excellent "mom and pops" carriers with good marketing skills, but for the majority of the market the mega carriers will likely gain market share in a turbulent market like this. In other words, if you're not an entrepreneur trucker, maybe look at finding a solid large carrier as a W2, and let your star shine there.
Great low mileage trucks out there at a steal.Great drivers around !!
I see more carriers installing driver facing cameras which prompts a part of their drivers to find employment elsewhere.. in fact it seems like they're the only companies hiring at a decent rate right now.. $ isn't everything though..
Pay the drivers for the work they do and there probably would not be that many jobs available
Thanks!
MHO, I don’t think the rates will be low, till the election is over
Miranda secretly controls the trucking industry with an iron fist, she is taking the money off the top and using it on God knows what
Where do companies get driver apps lately? We've been struggling very bad with candidates with very low numbers
Union has to jump in its coming to the tiping point now we has to stop the truck for 1 week rather die once or every day
I joined hurricane Express a couple of months ago and they are hiring people like crazy! I have seen 15 to 30 people in each orientation twice a week. It's madness!!
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