Trucking Will Be Challenging For A Little Longer: Interest Rates 

Great topic choice. In educating the mass that’s in the industry that knows zip on how credit/interest rates/ logistics are all correlated. Keep going as this is the only channel that doesn’t spew nothingness when compared to the rest.

It's been my experience that Flatbeds are seasonally weak going into summer months. That said, I was just quoted an annual insurance rate of $4,105.00 on 1million lability and 100K cargo. Assuming 70K miles/annually, that puts my overall fixed expenses at around .10cents/mile. Sprinkle in .55cents/mile for fuel and .10cents/mile for maintenance and I'm looking at .75cents/mile to run the truck. In 2021, which was the last full year that I operated, my overall operating costs were .80cents/mile on 72,917 miles. Of course I have no debt on my equipment and it's been parked since September of 2022. Like I've been saying, We older guys that have sat out the last couple of years with paid off equipment are you young pups worst nightmare! We can run far more lean and efficiently than you can, and, based on our decades of experience are given much more favorable insurance rates than you young pups can ever dream of getting!

It doesn't matter if we get into a terrific market. Brokers will just keep more and say we are in a terrible market

Congrats on your microphone upgrade. It makes a massive improvement in your sound quality.

I really look forward to her posting new videos. I take my break to watch the sound of her voice is so relaxing and her pretty smile hits me as You will learn something today even if you don’t want to

Always enjoy your commentary and your thoughts, I have on the road since March. Taking a break for five days [very badly needed ] have great weekend

Awesome insights. Preciate ya!

Thank you for the info Miranda!

Each One Teach One. Keep Shinin Queen. Preciate You. Keep on Trucking 🚚. ONE LOVE ✨️

Great video thanks

Miranda, im glad you're educating your business partner.

Great info! Thanks! I enjoy your videos because, they help me prepare for what's ahead! I am wanting to buy my own truck and become an OO. I think I will wait until next year! I believe that with all the used inventory and prices on them falling, I should be in an ideal position to get started!!

Yup I agree, still going to be slow until later on in the year.

I sure love your devotion to this industry!

👍...good luck !

Hey there, NICE DECISION Sound upgrade Interest rates are always fodder for bad decision making foundations. Still have live within the means of your vision. Some of are more short sited than others.. Keep up the great work. LOYAL VIEWER. #ThatsTruckin

Your awesome Miranda ❤thnx

Love the new Shure Mic

Thank you for letting us know that we have to hold out a little longer.

Your perspective is spot on. More sonar would be nice, but that’ll always be true. I’ve got two microscopes running right now (context from a later vid), and this 💩 ain’t supposed to move for a while. They’re playing the long slow game so hard, we’ll be into the next currency (bitcoin) exchange before they settle. I really really think we’re seeing the new normal. Yes it’s seasonal but it’s a long winded season so. Count it. I’m getting back in shortly here in a few. I’ve done more with less. All that stuff that hasn’t been moved is still needing to be moved, once those conditions start to crackle look out.

Hi Miranda, you’re correct. Like I said in one of your recent videos, the slight improvement is seasonal coupled with a minor drop in capacity. There was a change in the Fed’s plans to cut interest rates because of persistent high inflation. We are bordering on stagflation . I remember it from the 1970’s , it sucked! There is a huge affordable housing shortage in the US but excessively burdensome regulations, high inflation and high interest rates many people can’t afford to buy a house , especially first timers. Other than seasonal upticks and continual capacity shrinkage I don’t see much improvement coming unless and until we have a change in Government at the top. Fuel prices temporarily easing is actually a bad thing as it keeps those struggling carriers/independents dying off slowly by 1,000 cuts, one cut at a time!

Good Morning, Whether the rates stabilize or not, I doubt any positive gains in trucking. I agree with other comments, our industry is consumer driven not necessarily market driven, yes there are some similarities, however without the consumer buying products trucking is in for a long ride. I would also mention that as well all know this is an election year, regardless if PeterPan were to be elected it won’t change much for the foreseeable future. Economic pain is not immediate and neither are the gains. Here’s the truth folks, this is what trucking is. Trucking rates are about normal the issues are inflation and prices as well are all aware. I started driving in 96’ and trucking has always been an honest hardworking and underpaid career, that’s just reality. I made real, I mean real money for the first time and most likely the last time in trucking, during the pandemic, that’s it. Of course I made during my career but again this is what trucking is. Unless we have another industrial economic boom where factory jobs and other are created, trucking is now the bottom of the barrel job. We will never see what we did again during the pandemic, we may see some stabilizing rates but the rates are what they are and always have been. Stay safe.

You are on it with this video I have commented before that Debt is the snowball effect that is killing the trucking industry

Have a great weekend! Try to forget about work for a couple days....do something you like, that's why you work so hard 🙂, I do admire your drive tho ❤

I may have purchased a desk like that (could be the exact one, can't tell) years ago, love the glass look. It now sits at my parents and they use it. Trucking may be a "perfect competition" situation where no one has a differentiator in place: no patents, economies of scale, network effects, Innovation. No friction's one can build to reverse the dynamics of perfect competition so people would have a hard time getting any profits.

Lower interest rates are not always good for the economy. As a matter of fact, central banks use high interest rates as a tool to reduce inflation. A way to think about it is that the interest rates is the cost for private banks to essentially print money. They don't literally print money, but they create it via loans, credit cards, and debt in general. This is all to say, when the rates are low, it's cheaper to create money and vice versa. So it's all a balancing act.

Trucking is driven by the consumer and the consumer is broke with record debt and panic has not even hit the consumer yet. Expect a downward spiral for at least 18 more months. Beyond that, it's a wildcard about what will happen. Time to get off of loadboards and hit the streets, deal direct, develop loyalty and higher net profits.

Trucking has been good for me. My niche is ice cream loads. Prices never went below $2.50 a mile. Ice cream otr loads are back to 14k. It's not just trucking that was suffering but many other businesses as well. It's bidenomics 👎

Thanks teach You're flat bedder and have need for wc to Midwest on normal schedule if you have any ideas Thank you Good show as always

The high interest rate affects your factoring. Factoring companies charge you a prime rate for brokers who pay past 30 days. So be careful with dealing with brokers who are poor payers.

Its fantastic and only getting better and better....work, work work....and you will earn, earn ,earn...my gross stays high, and every week i have net...i live miles and miles below my means...all my bills are paid...i will be paying my lease off way early...and once its paid off my net will be even better...I DDNT UNDERSTAND WHERE ALL THIS NEGATIVITY IS COMING FROM....QUIT WHINIG AND...WORK AND DONT LIVE BEYOND YOUR MEANS....Flatbed is Amazing...its not brain sugery...

Miranda ❤️

Appreciate the information info, u need a vacation 😊

cutting rates will cause mega inflation.. the house market has not slow down and people are buying at 7% if the rates go to 3-4. housing would double. rates need to stay hi a few years period

Nonspecialized (dry box/reefer) is done, it will NOT improve. Why? Trains, warehousing, The Big Three. First mile, final mile, line haul loads. More than 50% of nonspecialized loads today are line-haul loads. By summer 2025, 90%+ of nonspecialized will be line haul loads.

I try to become an owner operator but every time that I watch your videos, it makes me to feel like, what if I couldn’t be successful.

I sure hope next April our market is better. Especially rate per mile😊

Red looks good on you. Most people it doesn't.

We gonna be in a bad market as long as we take cheap freight !!! I get outbid on every load asking 3$ per mile. We complain about low rates when we are the ones accepting those low rates lol

Take a vacation 🏖️ beautiful. Get some time off out trucking lol 🤪

Get rid of the brokers!

I think a lot of capacity will leave due to not being able to afford insurance renewals and again in November because of the drug restrictions taking away people’s cdls

How long in ur opinion until industry normalizes? 1-2yrs?

I was watching through a blind eye.

Thanks for the numbers. Honey boo boo sweet pumpkin child. LUV SPAZ

One thing the Fed has proven over and over again is they suck at predicting rates. At this moment if I had to make a bet I would look at the polls. If you think we will have a change on Pennsylvania Ave then make your bet accordingly. If you think there will be no change in November but things are going to change make your bet. I’m very happy to be a company driver

I just delivered a load invoice was 52k for a half load. 5 years agona full load was 55k. That's product price. People can't afford it.

Inflation reports are public. Inflation is over. The only components making inflation look high is transportation (from energy and insurance) and the high interest itself on housing.

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Higher interest means that operators with truck payments will take less money for loads; out of desperation to make those higher truck payments. Brokers will try to exploit truckers more. Insurance companies should lower premiums to keep trucks rolling and keep the economy from collapse. 🤷🏽‍♂️

TRANSPORT TOPICS: Werner CEO says freight is turning back to Normal, what do you think? Don’t know why they keep deleting the LINK? Has nothing to do with pornography. What Gives?

In a year we will be wealthy as never before

Glad I’m paying 6%

LOL the title should be a lot longer.

We stepdecks are gonna starve this winter

Is 2008 returning to bite everyone in the balls again? Surviving on debt is financial suicide.

Flatbed is booming....

Not getting better

Are there Bull vs Bear Markets in the trucking industry? IMO, we will be in a BEAR market until Mid #2026. As Stagflation hasn’t even reached its Peak Yet. Does anyone have at least $350K more than they had last year? 😢 Didn’t think so. So how will the average Consumer keep up with inflation? If the average consumer thinks the markets reflecting Credit Card debt as a positive indicator that consumer spending is rising; YIKES 😳, and the housing markets are owned by Very Large Investment Groups; that actually have no interest in Selling. Most potential buyers are now RENTERS, anywhere from $2700 to $4500 dollars a month. Instead of hoping things will improve for the average consumer, I’d start covering up all parts of the body where the hairs are Short….OUCH, If you get SICK 😷 AND NEED SURGERY; as the Medical Healthcare System becomes more privatized, and sending more and more people to early graves 😢, if anyone sees an end to this madness, please POST IT. We’re all listening.

Just a cuttie 🥧

Rates up and down

If I said it once, I've said it twice ...We need Trump back .

I’m curious how Saudi’s canceling the petro-dollar deal will impact the future trucking market!

Ho9 Pop😊😊😊😊😊😊😊😊😊😊😊😅😅😅

People are still driving trucks?! Lol how is anyone still in this scam industry!? Lol 😂

Actually, when rates get cut is when trucking will get even worse. Federal Reserve cuts rates when the economy can no longer sustain high rates. Federal Reserve lowers them to stimulate growth. When the Federal Reserve cuts, they will go all the way to zero, however, when rates get cut, inflation will go higher.

your are beautiful. 2025 fuel will come dwn. buy 10 car hauler Do not go above i40 ever ,se to sw..

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