Trucking and Freight Market August 8, 2024: The Great Trucking MESS 

Hi Miranda everything you are talking about is why my truck is setting idle. Paid my equipment off about a year ago and will not go back in debt for trucking. Keep your head up and good luck.

Well even if the rates go up it won’t matter because people will start saying they make 30k a month gross and next thing you know everyone wants a piece of trucking and rates go back down.

Can you imagine 4 more years of "building back better"?

i hope we all make it. All the owner operators out here stick together & teach each other to say No to cheap freight & expose fraudulent predatory brokers.

You do such a great job. You provide a lot of info in a short time. If people are not Subscribing to you they should be. I've been in Logistics /Transportation approx 27 years. You know what you are doing. Keep up the good work.

You are 100% correct on everything you said I’d rather face it and not not face it people who give you a hard time. Don’t pay them no mind I respect what you do. I see the same information you do thank you for all you do.

A&A express out of SD is closing business next week 8/16. They have 300ish power units.

🏴‍☠️Say no to cheap freight... Park your truck...

I just took a high paying load to Idaho and thought I will drop down to Salt Lake City and pick up a load back to Texas. I could not book a load coming back. By the time I called on them they were gone. The highest paying loads I saw were 1.20 a mile. So I just filled my truck up and deadheaded back to Texas where I picked up a load for 2.10 a mile. I will not take another load west not worth it to me. I don’t know how anyone can make it hauling loads for 1.20 a mile. My truck is paid for and I still need 1.60 mile to break even.

I work with flatbeds have been for 10 years now. Pre covid I would routinely get onion loads during the summer paying me between 2.30-2.70 a mile again this was pre covid. I am in shock that everywhere around the country they are moving onions at less than $2 a mile it makes 0 sense, Onions are such a volite commodity if you don't know what your doing it'll spoil and then you get a 30k claim. Some companies have no idea what there doing and are just grabbing loads to keep the truck running its as if they are running with there heads cut off.

Thank you for the update and your dedication Miranda!

While I am not a trucker, I have always had a strong interest in trucks and I do somewhat follow the trucking industry, just as I also follow the airline industry. I know the world is a very unsettling, crazy place right now, but I agree with you about trying to keep a positive attitude even when things are tough. Since I discovered your channel, I sincerely hope you keep doing what you are doing, your videos are very informative and professionally done. Thank you so much for sharing with all of us. Hang in there Miranda, maybe there will still be better times ahead, but even if there isn't, we are all with you dear!!! ❤❤

Thanks for what you’re doing

The number of people who think the president has anything to do with the freight market is astonishing.

Let me give u guys a tip Look guys In order to survive this market set yourself a daily rate after fuel and expenses rather your goal is $600 or $750 a day look for a load that’s straight thru paying $750-$1000 a 150-250 mile radius is the sweet spot even if you deadhead back your profit stays the same run like you’re hauling containers never take a cheap backhaul because you’re losing time,profit and helping the shipper and broker rob you.Taking that cheap backhaul will tie up your truck and if a decent load presents itself you’re stuck with that cheap non profit load DO NOT HAUL FOR FUEL MONEY ( atleast it covers your fuel) is an old saying that needs to be abolished DO NOT HAUL TO DEADZONES ONLY GO TO AREAS WHERES THIERS FREIGHT And always negotiate Stop letting brokers control/put a price on your work/equipment They work for us how tf are we getting pimped now if truckers don’t take back control theirs nobody to save us we have to get this shxt together it starts with us damnit fight back if it ain’t profitable leave that shxt on the board stop tarping and chaining for free

Coming from the customer side at a brokerage in which I cover a lot of my freight. One of the easiest ways for me to sell to carriers is by saying, Do you want to watch the spot market continue to go down or lock in a rate right now. This almost always works because it's true. It's tough out here for both of us so keep your head up and keep trucking.

Quiktrip and Maverik are very competitive on fuel prices.

I love your honest insight. I am a Trailer dealer and Business is in the tank. Maybe the worst I've seen in 40 years.

I appreciate your honesty and I am sure your teamputs in 100% of an effort to keep your drivers moving with the best possible freight.

There are a lot of things at play. Companies are using different ways to move their freight. Box trucks don’t require cdl and on the consumer side I get a lot of deliveries that used to be semi trucks and now are hotshot or box truck. Amazon relay uses them and others. It waters down the supply. Also, the quality of new drivers is scary and is why they take cheap freight. Not diving into that but you see it at truck stops. They can barely drive. You see it on the highways too. Then there is the robbery via outrageous insurance prices to O/O, all the different taxes required to be paid. Anyway, we need advocates for the industry. I don’t have the answers but I see the problems, and feel the pain of being squeezed financially.

At this point, i don't think trucking will ever make it from comatose...

Swift, prime all the big carriers are pulling as much spot freight away from everyone. Those carriers are taking freight at a seriously low rate to force everyone out of business.

You say the truth Miranda n I like that way you explain.. everything is understandable you have a wonderful weekend

I like everything about this channel up and down, we are all humans with emotions. So, you are the best!!!

First of all I like how you cover all aspects of trucking drive-ins I personally am a flat better so I like it when you go over the statistics and stuff for that. I will say I don't know how Atlanta is up on that board and I know you covered it because there's really nothing for flatbeds out of there. Which is surprising with all the road construction in bridges and everything they're building,!!

Hello Miranda. I feel your frustration cause I feel the same way this week. This was very crappie. Nobody would negotiate on any of the lanes the offers were all below my running costs. It just plain sucks. A few of them I told them to put it on your own dam truck. They laughed

Thank you for what you're doing!

Canadians truckers and Mexican “double plates” dominate the dry van market right now 😢

Capacity never seems to leave fast enough, pretty much take that out of the picture, can’t sit around and wait for other companies to go out of business usually when the independent number falls the lease purchase and company capacity raises regardless

Please stay encouraged! And Thank you so much for all you do!❤❤❤

We are all in this together stay strong in your faith sister.

Thank you for being real....that frustration is how I feel as well...

If you have a fleet of trucks put them on with FEDEX CUSTOMS CRITICAL out of Uniontown Ohio. It’s power only the insurance and benefits are amazing the money is in their Reefer units. You want the dedicated accounts like Cardinal Health it’s great pay. The dedicated lanes are non stop because it’s expedited freight great loads if you have the units and you’re willing to negotiate for the long term relationship. There’s plenty of work to go around.

Heard a Bloomberg analyst saying today trucking is at the bottom. He said better days are coming soon. Another great video !! Thanks Miranda ✌️🇺🇲 Keep on Truckin Girl !!!!!

Go to a established carrier like Mercer Transportation. They cover many costs for you as well. You get paid when you deliver on the spot.

It's funny. Most fb line haul loads I'm seeing on dat are $1.80 pm. Short loads to 'nowhere', offer $3-$3.50 per mile.

These videos are gold! Keep up the good work!

Thanks for your Vlogs. You are really a great motivation for a lot of truckers out there who w Are frustrated.

Amen, Amen, life is always opening us to new points of view. Thank you for all you do for all of us to give us new points of view, Amen, Amen.

Thank you for your analysis. It’s true, the industry is tough for drivers.

Great work. Be safe be well. The economy is in a free fall worldwide. Buckle up folks.

Thanks for the education. I feel your pain as a leased on O/O. . Especially trying to compete with our company drivers too.

This market will stay bad for long haul. broker already know how cheap they can move freight and even if that can pay well they won’t, brokers will keep their pockets full first.

Love your content every time I watch. Always straight forward, the way you break everything down is amazing and time consuming so I always watch from beginning till end. For the end of this video always remember whatever your religion, God always has you. God will overwhelm you not to break you but to build your strength.

Unemployment is actually not high at all. It's at 4.3%. In 2014 when freight was decent it was around 6%. The last quarter saw GDP growth above expectations and recently new unemployment claims are the lowest they've been in about a year. The issue is that things aren't as good as they were during the post-pandemic boom. People remember two years ago but they don't remember how bad things were in 2008, 2009 and 2010. The issue is capacity, which is slowly but surely coming down and should reach equilibrium by the end of the year.

Hang in kid. Your still doing a great job.

You have to know when it's a good time to run from your problems and time might be it.

Keeps on fighting and posting, it’s tough market right now!! Hopefully after new government takes over layout many new policy!!

Let’s go into the towing side !! They always have work and great cpm

You're a sweetheart ty Miranda!

Thank you again Miranda for your viewpoint and opinion 🙏💜

Miranda.. At one point I was A Union Carpenter.. So, I can speak from those experiences best.. I am election year.., everything thing slows down to see what gang gets into power (So, they can see how money will be spent the following year). Now.. Hanging said that.. We are going into A "Depression", and people are buying less as well, but.. We are Year away from self driving trucks so there is still hope.. January should prove tobe A good thing.

Thank you for all the priceless information. Your time and research has and is a huge help in my business.

Use CNG trucks fuel is $2.49 and no dpf emissions or Def.

Love your presentation You give us a better understanding of what is happening, appreciate you thanks.

You mentioned some people claim we are on the brink of a recession evidenced by the high unemployment numbers. In reality the unemployment numbers are at historically low levels, 4.3% is the latest reading. We were below 4% for a number of years and the rest of the economic numbers have been pretty solid as well. What we do have is the Fed maintaining the borrowing costs at the highest level in more than 20 years and keeping it there for far too long. This is causing businesses to not invest because borrowing is to costly and hiring has begun to slow down as well. The housing market in particular has been hit hard by the high interest rates. The hope is the Fed will begin to cut rates in September but even if that happens it will take months for the effects to trickle through the economy.

Would you imagine if freight is that bad now, how much worse is it going to get if we actually go into a recession. Only thing that would fix the issue is if enough carriers, drivers get tired and exit the industry, but with unemployment getting hire that might not be a step everyone will be willing to do. What a terrible time to own a trucking business. If we only see some light at the end of the tunnel. This tunnel keeps getting longer and longer and perhaps the exit is the Upside Down if Stranger Things. I am glad I got out of trucking, never again would I own a freaking truck and hopefully that applies to driving one at least in OTR setting.

As soon as you get a CDL to drive a truck you lose some of your Rights as a United States citizen.

This video was well put together

Thank you for what you do. I enjoy getting updates on the market

Oregon has mostly lumber loads going to California they pay 1 $ per mile

Thank you for an update. Really hard time. Who the hell takes those crapy loads…..

All my love and support with you. I hate this industry too, but can’t give up until goal is reached.

Smile or not still beautiful! I decided to take a vacation so for the next three weeks I’m going to try to not look at the load board

I agree, stay out of the PNW especially with winter right around the corner.

Thanks for the update young lady keep your head up ☺️

Life is a challenge!! Keep your smile, things will be better in few months. The recession will hit.. and trucking industry as already feeling it.. after this were gonna be good for few years 💪🏼😎 Lets go

Thank you, I always love watching your videos!

Thanks for covering this even though it sucks. I work for a contract carrier and we have been slow so I wonder if this is impacting us as well

I was talking to my friend on the way to trade school for HVAC and I told him when our gas prices go up for our trucks and we’re not able to move around. Easily it is hard for us to deliver your goods because then we move that price to the manufacturer or the warehouse holder, they understand and so they raise the price on you the customer. We always talk about the downsizing in the trucking industry like who’s business went under or who got off with good luck in the market we’re currently in or who got laid off now we never do we talk about why that is. It’s because they have lost manufacturing jobs in America such as oil rigs offshore drilling our own materials that are every day use , these were essential jobs under the Trump’s administration I believe as a truck driver I am an economist and my goal is always to move the economy forward so I leave this comment for the first time ever from watching content for five years I appreciate your time and effort in your analytics 🫴🏿🔥

Well.... your analytic skills are on point. You know how to research information, maybe some Day Trading on the side to supplement your income. Squeeze it in between being a Mom and dispatching trucks and making these videos 🤣. Thank you for all the hard work, we appreciate you ❤.

I agree with everything you have said. Well done 👍

I pay attention when u speak😮

Thank you for the information. It makes me want to know what is going or what companies are in some of those cities.

Thanks, Miranda! You’re the best.

I hope a .50% rate cut is coming in September. Thank you for the update

You are a great journalist thank you.👍

❤❤❤❤ have a good weekend

Your information is always 💯.. Appreciated

If looking at chart to determine how well your business will perform, then you’re in the wrong business.

Harris - Waltz should do everything in their power to save the failing trucking industry... That moves America. Everything you wear or have at home, your home.. was posible because of a truck that transported that product.. Broker transparency, minimum rate per mile rather than average, adequate truck parking across the country and in every city with Harvey truck traffic. We need help..

Miranda , did you read the live event in Atlanta, FreightWaves experts discuss the volatile state of the freight industry plus Expeditors’ airfreight business up in Q2 even as ocean freight fell!. I don’t think that we have any hope . Love your channel !!

Spike in credit card default. Spike in mortgage defaults Spike in student loan defaults Spike in evictions Spike in car repos Car and truck sales plummet Banks insolvent Commercial property selling at 80-90% discount. 4 largest banks hold 168-200 trillion in derivatives. Japan collapsing China collapsing America collapsing. Everything is being propped up artificially. Inflation more like 200-300 % How does this impact truckers?

Thanks for being real

It’s 3 world economy now.

Flat bed bad in Oregon-lumber mills running at a loss and they drive rates down- everyone who can afford to should park-I am

we have been in a ression for quit some time

Believe I read something on Freight waves via one of the news outlets about several businesses closing down their operations in various parts of the country which means less freight to be shipped in those areas. It’s a bad economy and over capacity. Regardless of demand watch for diesel prices to climb soon as a larger percentage of each barrel of oil gets diverted into the production of heating oil for winter (used by much of the east coast). I admire your intestinal fortitude to stay in it and fight. You’re young, I wouldn’t recommend you stay in it but I wish you the best. (Bake dancing doesn’t appear to be a viable career alternative for you😂)Like I said before,I am winding it down back as a company steering wheel holder just long enough to replenish my retirement savings that got depleted from repairing and maintaining my last truck and then retiring.

Thank you for sharing this with us 💪🏾

Thanks for your insights. Preciate ya!

I feel like getting rid of my truck and trailer and truck is paid for.....insurance is killing me and I have no accidents. I'm going crazy

Covid shutdown brought everyone who had a CDL back into the market & inspired countless 1000's to get a CDL. This is just one factor, but IMO the biggest! As a lifestyle for drivers, it's not so simple to walk away from driving. It becomes a major focus interspersed with sporadic sleep, not just the bread & butter. Life gets put on hold ; the networking of relationships both business and personal, are very difficult to maintain in a truck. I feel your frustration when the only satisfaction from this industry is monetary, and there isn't anymore of that! One must weigh the headaches, constant stress & constant barrage of intelligent insults. I stepped out of the truck back in Jan. to reevaluate. A long vacay may be in order Miranda! God Bless hun.

your doing a awesome job

Thank Miranda.

New drivers getting there cdl hoping to get a good paying check but in reality after your taxes and the stress of the job with low wage and high cost of living on the road drivers are going to quit or find a new job.

Yes keep it going girl That's just the reality of things. Enough with lays . This industry is a mess and people keep caming on to this industry just to find out this is not the business to make a profit at this time. And im talking to new owner operators who are trying to finance a truck , you might have to return the truck and you are going to mess up youre credit line

Excellent video, gracias

When they Quit making International MaxxForce Engines that really Hurt the Trucking industry Greatest Truck ever Mad

You’re real mad I understand your frustration but keep up good work I know it hurts work for free ! What you mean by getting out of this do you’ve options for a lot of us this is it no other options!

Keep your head up beautiful 🌹🫶🏾 best wishes ✨