Trucking Just Got Scarier: More Capacity Into Spot Market?! 

All the truckers and the big carriers just all need to take a 2week vacation at the same time

No, you’re not doom and gloom. You’re telling people the truth and they can’t handle the truth the world is changing so much as I was sitting around talking to old drivers today we was talking about the days of old and I said those days are gone. I have no clue what’s gonna come out of this. The strong will survive.🤣💯🚛 keep up the great work

Just pretty much retired from the game yesterday... I'll keep my license but not for trucking my brothers farewell please be safe out here and bless up.. #rubbersidedownforlife

Park your trucks for couple of weeks,you will survive and see what is going to happen...a miracle😁

Nobody's buying anything. We broke!

Capacity is king, too many trucks and not enough freight. Overheated rates from Covid are coming down, nothing lasts forever !! Been pulling tankers for 42 years, seen so many changes, nothing surprises me. Thanks Miranda, great video as always !! Take care..

I just quit the company that i had been with for the last five years due to this market. Also, while they wont say it, they are "in trouble." All i was told (as a driver) is that "there's no loads." Theyve gone from a 'no forced dispatch' to 'we dont want you denying a load.'

Nothing lasts forever...not even bad times.

I think after all the Covid drivers and brokers go away we’re going to be left with the drivers that were meant to be on the road,the ones that feel like if you couldn’t drive any more it would break your heart….and that is going to be a wonderful day,I hope I get to see it!

Because your honest and don’t like beat around the bush. Why I subscribe to your page. Have good weekend. 😊

Thank you for the information. Have a great weekend Miranda.

It's not just trucking, look a shipping in general everything is doing bad, shipping, trains. Thanks for the update 👍

Thanks for staying consistent with this channel! It’s really helpful and keep it up!

thank you for all you do...I get the best news about trucking from you....I love resources.... I be digging but can't come up the information you do....keep it up

When folks started making videos that they became millionaires driving trucks, it opened the flood gate for new drivers resulting in high supply that exceeded demand. High supply of truckers/trucking options means increased competition and manufacturers can low-ball freight brokers and transporters. And here we are feeling the domino effect. It is the manufacturers' market and not truckers' market. Any profession that opens itself up for easy access will water down its influence. There are reasons medical and legal professions are difficult to get into---to protect their value.

Thank you for your work. Your channel is a real news source for the market that we are in. I am an owner operator and I really appreciate the information that you give us. It is hard to find honest numbers and news which is why I find your channel such a valuable resource.

Another way folks can keep up with freight market is keep up with pallet scrapper values. Few years ago when freight was up, 40x48 pallet was paying pallet scrappers $5.00 a pallet and currently paying $1.00.

Love the way you break it down❤

Thanks for the Awsome ( not so awsome) update. Dispite not being the update i was hoping , ive been enjoying these truthful updates.

Thank you for the words of encouragement at the end of your video. We need more of that in our world. :)

I love the clarity and real you bring to the trucking business. I'm a USAF veteran and now small trucking business owner and your channel has brought nothing but great information. Keep it up!! 💯

Keep up your honesty and Thks ❤

Keep up the great work you have been doing 👍

We were discussing with my pals what can trigger the rates to go up. Great video as always. Thank you 😊

So glad I ran across your channel. No gloom and doom you’re just telling the truth. Thirty yrs in and seeing what you are saying.

Great analysis. Keep the info stream coming.

Thank you for your vids. They are very educational.i always learn something

I've been in the trucking business for over fifty years. The last time it was this bad Jimmy Carter was president. You will get through this down turn. For being in trucking for five years you have a pretty good hand on this business. Keep up the good work.

" I have a problem, and just can't help myself" 🤣🤣 Yeah, me in some other areas..

Keep it Real Gal! We’re all out here to survive and Thrive! People now days want a one off perfect solution for any and everything without having to do the work for it! You bringing the facts keeps the field level. Some won’t be able to swallow it, and that’s ok..it’s their problem not yours! Remember…you’ll never have a hater doing better than you! God Bless and Stay Safe! ….and YES…I subbed😏

You are speaking the truth 🙌 👏 💯

WE DON'T FEAL SORRY FOR THE BIG COMPANIES LET THEM FALL THERE THE REASON THE RATES ARE BAD

Thank you, you are great

As general life formula suggests a big savings are followed by big expenses) So let’s wait until cycle turns into our favor.

I have been out here OTR for 39 years it has been up and down throughout the 39 yrs.as soon as it looks better. there are a lot of people and company settings on the side lines waiting to jump back in. 😢

Well said Melinda! Shark Tanks, Kevin O'Leary, emphasized in a recent interview that the current economic conditions offer an ideal opportunity to launch a business. This isn't due to a booming economy, but rather because tough times force businesses to operate with efficiency and lean practices. Many companies that began with abundant venture capital never learned the importance of frugality and cost management.

Your not the doom and gloom of trucking ! You the honest, trustworthy, caring, helpful, genius of trucking ! God bless Miranda ! Yeah ! Have a great happy Bluegrass Gospel singing along life, Miranda ! The happy picking and grinning, jamming bluegrass gospel music radio stations are on Pandora, for everyone ! Also can get your favorite songs and albums on RU-vid ! Have fun singing along with Bluegrass Gospel Music ! It always makes me happier ! L.O.L. ❤😊

Truth and facts are always the best way to go. Got one for you 5klbs Port Townsend, WA. to Florida going for .08 a mile. That's the lowest I seen so far. They might ass well said we got a free one for you.

Amen. Always love your truth about the trucking industry. When it comes to insurance. Being truthful with your customers. Telling them the difference between what you're paying and the new cost. They will love the truth and integrity, and the business can see new potential. Amen. Our family has 120 years over the road. Amen.

Thanks for the video! ❤

That last part you said where you were thankful because when it goes up you’ll be there ready for it

I'm a trash truck driver and I'm looking into welding. They will teach me to weld the compactors and trash boxes. Of course, the trash will be out to work on them but, it's time to get out the seat. I'm 30 and been driving for a while. It's time for a change

thanks for such a informative video learned to much from you god bless you

We all have to STOP driving for 3 weeks. Take a mcdonald's job, Walmart or whatever for 3 weeks. All of us at once and things would change

I won $20 bet. The spot on the wall is still there. Ty for the videos we absolutely appreciate it.

When I first started trucking we split 9cents as a team hang in there. It's Aways been tough. Thanks for telling it like is

Keep up the good work❤

This is interesting & yeah, troublesome too. I'm a company driver with a large debt free carrier. We do have fewer loads from various regions. But so far I do have work & miles to run.

This summer gonna be more bloody!

I met guys 6 months out of trucking school buying new Petes and KWs with 3k monthly payments. I wonder how they doing now???

lots of ❤❤❤❤ to you Miranda

Keep up the great work

Keep up the good work 🫡

As a small business I don’t see the doom and gloom, I see a incredible opportunity to sell the service side of trucking,I’m finding shippers are tired of mega carriers excuses

Instead of "Gloom and Doom" let's go with "Precise and Pretty" Ha Thanks again...we're gonna make it....

Hey LETTSSS GOOOO!!! ThAnks

That’s critical information

I do not subscribe to channels that are sunshine and rainbows when the reality is far different. A truly healthy mind is willing to face reality regardless of how good or bad that reality is. You be you and keep sharing.

Keep up the good Honest reporting #Truckingmadesuccessful…

_And there are many people out there that constantly need positivity but it’s those very same people that does not understand that the universe demands balance it’s also very rare to find a woman who has this intuitively in the form of realism, keep doing what you’re doing is helping me to calculate moves_ _Nevertheless, it seems like Big trucking companies are the ones that are failing, while fleets with less than 20 trucks are only feeling a pinch and on Operater’s are doing just fine_

Hey Ms Miranda blessing

A realist, and a very well informed one. What will the next catalyst be ?? Excellent question.........I have no idea.

I welcome the information, Thank you!!!

I’m deeply and gravely concerned. I wasted money to get a class A CDL license and I’m so close to go and test out and yet I’m hearing terrible news… I guess it’s FDNY firefighter for me next month. I think I’m going to work for a mixer company on the side so that way, at least my CDL is being put into use. #NY#2Jobs#Local

Thank you for sharing knowledge

You are right.evolve or die.i love your honesty.cant understand why the most important part of the economic eco system is treated the worst.i wish all the drivers could strike for a week.that would end this recession.

we need to start a movement, I wanna see what would happen if we all shutdown for at least one week

❤Fact is you not doom and gloom. Actually ❤you're a beautiful intelligent woman who actually gives a Damn about hardworking ppl. God bless you 🙏🏾 and thank you for your time and support 🙏🏾

Last week was terrible for me as a company driver flat bedding. Went from Idaho to Denver sat for 30 hours. Denver to Salt Lake sat for another 30 hours waiting for a reload. Salt Lake to Denver and now im home for the weekend. It was frustrating

It CAN get scarier, and it just might. In a down market Owner Ops need to focus like a laser on their expense line. If cutting expenses isn’t enough, then you’ll need to run-run-run until things change.

I was apart of an Agent conference for a top 10 brokerage in the country and they said there would need to br atleast over 15k+ carriers to exit the market for a month straight for the capacity to straighten out the shippers... Our brokerage has let go 30% of our workers and piled on multiple roles on people without extta pay. All my dedicated drivers ive worked with over the last 7 years only 2 of 12 are left. The 10 that left were in the last year... 5 of them were in the business for over 15 years. Im leaving my brokerage in the next few months and buying a Mercedes Sprinter and doing expedited local loads paying 3k a week. Better than working for someone and dealing with the Truckload mess thats been hard on everyone the last two years. Ive been with my customers for 6 years now and ill be saying goodbye 😢

I have ran a trucking company and a bus company. Bus companies are already required to have 5 million dollar policy. Because the profit margins are greater for a bus, the rates do not hurt at all. However, this could be the catalyst to eliminate capacity. This would be a boon for the mega and regional carriers.

The following should have an effect on you, Cababotage. Have you heard recently about Cabotage, sabotage, by Mexican B1 visa drivers now driving dropping their mexican loads and simply changing their license plates to US license plates. They then drive loads into the US. One story is they drive loads from Texas to CA and then taking loads from CA for a $1.00 a mile back to Texas and going back to Mexico.

Queen of trucking truth

I just got a quote from National Indemnity for $23,000 a year, god awful amount. I drive construction season, about 6 months a year. They refused to give recognition to this fact. I can't find a 6 mo policy. How convenient. When figured it out it came $.34 a mile just for insurance. Outragous.

Swift says they are cutting trucks but they continue to hire like crazy. Got message last week asking for trainers (mentors) because my terminal has over 80 trainees waiting for trainers. Yet go to terminals seeing lot of drivers without loads. Been in transportation industry for 25 years (many different companies) and never seen it this bad. Very scary indeed.

Soon. You. Need to. Bring the. Topic. Trucking. Cannabalist..then after that. Trucking armaggedon.. Cappiche

Okay here is my thoughts on what is going on. Yes market conditions are abysmal but there is also the momentum that has set in and making things worse. It is basically like a reverse feeding frenzy. Things might not actually be so bad if not for this reverse feeding frenzy momentum. If my speculation is correct then the question would seem to be how to break this momentum direction. It could be that any uptick in shipping demand might break it or something else might do it. Or it could even be many little things done by us collectively that do it like all of us resisting bad offers, tightening our belts more, doing more maintenance yourself, being very careful and proactive in your inspections, eking out a bit more MPG, never idling the truck, etc. If you have idle time then you should be deeply scrutinizing the condition of your vehicle/s. Proactive maintenance is a major factor in the success of this kind of business. If we can collectively put even a bit more upward pressure on market conditions that may stymie and even halt this reverse feeding frenzy we are being assaulted by. I know it doesn't sound like the major impact that we want but we have to make lemonade with the lemons that we have. Best wishes all.

I wish we all took a weekend off!

The eighty’s were my lesson years. The only difference was we didn’t have the BRIC’s counties then avoiding using the US dollar. You are a smart lady and you will survive this very difficult situation. A five million dollar insurance policy will break the whole trucking industry. The major carrier might become self insured and post five million dollar bonds but this more than likely isn’t sustainable. With a change in the political landscape we might see a major turn around in the economy.

There's only one way to raise the rates. And that is holding to your numbers, but don't load nothing under $2.25 that's going over 650 miles.....

8:07, Amen sister

Can you do a vido how b-1 drivers and 2 plates Mexican company’s are affecting the capacity and rates

Talking truths, is Not Doom and Gloom.

I personally feel good things are on the horizon and rates will begin to rise as well as tender rejection rates...just a hunch but mark my words..." we are due "...

Big companies still buy trucks trying to avoid the new emmision standards when trucks are gonna be more expensive

I read a couple of articles that said several mega carriers stated they have reached their bottom and will not run their trucks for any less. I have only a couple points. One, mega carriers have been responsible for driving rates down for the small and single truck operations for years. Now they are reaping what they’ve sewn. Second, for the life of me I don’t understand why some think shippers are in total control of rates. They are only in a position to push rates down because the people transporting the freight allow it to happen. If the majority of trucks said no, what would happen to the freight? They could only allow it to sit for so long and it would eventually have to move. All the wiz bang AI computer algorithm rate forecasting bullsh💩 starts with the rates carriers agree to move it. Brokers consistently tell me if trucks want rates to go up, they need to stop hauling it for the rates offered. Additionally, If shippers are in complete control over rates, did they all magically agree to pay what they did a couple years ago? NOT…

5m policy good thing it’ll drive capacity out and rpm will sky rocket haha

Hi Miranda! Thank you for your videos, I had learned a lot from you! My question is - if things are so bad in Trucking, why don't change of Industry? Regards!

Business been boomin GAD Only thing that hurts is this expensive ass Insurance!!!

We haven't seen the market like this since 2008. For all you saying we need to shut down to get things back on track, i agree. But how many will actually do this? It wont be the big companies and most others are all bark and no bite. We can do this without folks losing money. We plan a 2 day pause with drivers doing their reset at that time. If there's enough that come off the road and show up for a protest against these problems then it would work

More like facts and truth; nothing wrong with that!

thw companies turning to the spot market will take out the margins. aka shrink the capacity

The north east is slow trucking loads are slow on dry box

Point of order: You mentioned that reality’s a hard pill to swallow. I believe that THAT’S no pill: it’s a SUPPOSITORY!

They are going to raise it to 2million they have been trying to get up. for the last 10 years.

The only thing that will turn the industry quickly will be a hurricane like Katrina. But even then, that will only last for a few months. The economy is going to have to turn around before things get better on a steady basis. With the FED announcing that they are not going to cut rates anytime soon, it will be at the very least Q1 of next year before things change significantly.

tell it like it is 👍

WELL, I AM NOT PUTTING MY TRUCK ON. MIGHT HAVE TO GET RID OF IF.

I've been a driver for 32 years and this is absolutely the worst trucking environment I have seen. There is a very large company that most people know about up in Canada that is about to go under. Keep your eyes on challenger motor freight in Cambridge. They are doing a massive purge of drivers and equipment. What we're going to see over the next 2 years is a reduction of about 25% of the North American Fleet. The ones that survive will start making mome but the only thing that is going to correct what we are seeing is an adjustment to the overcapacity of available trucks. That is only going to happen through bankruptcies..... There is no silver lining as far as something happening that allows everybody to remain and suddenly start making money again. There's too many trucks and there's too many drivers. This is simply the market reacting to an over capacity. It goes back to basic economics. The relationship between supply and demand. It's gonna be disastrous for many many people but eventually the amount of trucks will equal the demand and eventually the Market will sort itself out and those that survive will continue.