What Is Driving Trucking? Supply and Demand, Economy, Elections 

I been struggling this month.been doing reefer for 18 yrs.been getting 350(+-) mile loads for $1,000 to $1,400... Thing is if you waste 1 minute calling broker to negotiate the rate some other looser books it for less!! This mentality needs to stop!! Carriers that do that are just hurting everyone!! Say no to cheap rates!!

To many drivers from foreign countries

Im on my fourth week after signing my lease...week one was average, compaired to being a company driver...but each week has been better than the last...it is truely a blessing to be in this wonderful industry...my 2022 freightliner will be paid off in 2 years...i LOVE IT....PRAISE GOD...AMEN...

Foreign drivers will take any load for any price

Can you talk about those shady companies that keep editing their logs to keep drivers drive illegal which helps them make profits despite getting cheap loads

Some people see the world with one eye instead of 2.

Appreciate you doing the deep dive on the correlation with elections and the trucking industry.

I think everybody is struggling financially, and that’s regardless, of who the president is. A lot of people didn’t do better with Trump in office, but wages were still low then. The cost of living was just lower, so we could afford things. Fuel prices are higher now, and our dollar has been devalued even more. Americans don’t have confidence in their government no matter what party. We no longer feel like our politicians put us first. Which probably extends into the economy. If we feel like jobs will be lost, our taxes will be spent elsewhere, and, no matter who gets elected. It will suck for all of us in someway, I’m pretty sure that’s forcing a lot of people to just hold onto their money, no matter how small it is, and if they can’t save any extra, it’s probably because they’re in an area and working a job that barely pays. Trucking right now doesn’t pay enough, but it pretty much pays what two full-time jobs would. So I think there’s a lot of drivers that are tolerating the trucking industry for right now. Until you can make about $800 a week. Take home at a full-time job trucking will still come out ahead a little bit. I’m in the south end I can find lots of jobs that would bring 500 and 600 home a week pretax. by truck driving I’m still able to clear at least 1000 after taxes. It’s not the greatest but it is what it is. And at least keeps me afloat. I think Americans are just scared right now so we’re not moving. Everything is sort of sitting still on the shelves or in the bank. for me as a company guy the worst part about driving even at a mega is that I’m being pushed to drive harder than I normally would. Almost every run I have is a 14 hour run. And I often go over my clock. And when I bitch and complain about it, they just say it is what it is. Get it done. I’m grateful for the money, but I do miss the Covid days and the pre-Covid days were companies were more safety conscious, the money was better, and Work felt easier

What am i feeling...BLESSED...😊...IT JUST KEEPS GETTING BETTER AND BETTER❤

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

What I've seen so far in the past 3 years, is that the Broker and the freight companies both discovered that they can now get drivers to accept loads for bottom dollar and get away with it. I was working at AIFleet and the loads that I was starting to get where so bad that I felt my life was in danger! Sometimes these companies will simply go for the highest paying load at the expense of the drive’s safety! They're not the ones that are getting killed, what do they care! I'm going to be sitting out this freight recession until the money comes back!

You are awesome!

great video as always Miranda

Same to you. Thanks for the consistent info dragging my foot, as well as, trying to over come some hurdles to get in. Cheers

I was just reading on Suppliers vs Consumers. So I think demand plays a bigger role. Politics aside. If a consumer doesn't buy the producer ain't going to produce. During covid the rates were amazing. Broker cut, double brokering or otherwise. Turn around grab another purple unicorn haul. Cause everyone was panic buying. (Demand) Then everyone who's looking to get rich decided they could jump in a truck in less that 1mon from zero experience and become a millionaire having never done the industry before. I still suspect those business losses in our industry are related to that.

Thanks for the info Miranda!

Lookin good, thanks for the information and Support ❤

I've been busy with my reefer business. I added another truck n reefer trailer this past week. All I know is reefer. 🙏

Yeaaaahhh. Let's get into the facts!

Thks❤

Thanks!

I've been watching you for so long that when you say (ready? Let's go!) I actually say it with you and swing my arm up with a fist. Yes I've been programmed to do so.

Capacity and volumes are deciding factors before, during and after elections.

Miranda❤️

Thank You - OTR company driver - the affects on my carrier has cut mileage even though we are own by a huge manufacturer. From 14 k to 9 k month miles huge cut in pay.. drivers all across are feeling the cut and looking elsewhere for opportunities. Thant said under allot of trucks in the road. Truck stops are full as they normally are this time of year. I believe that freight opening is around the corner

Great content again, hopefully whoever took the office put the country and people first as long as we are put our country first everything would be okay!!

Elections have consequences is the best way to describe the past and current market for the last 4yrs.

Thank you so much for looking at the economy as a whole. So many people just talk about how the trucking industry cycles down and cycles up. Our opinion is that things are going to get a lot worse. The reason you're seeing a slight improvement right now is because people haven't tapped out their borrowing capacity... yet. The fed's ability to stimulate the economy with imaginary money is coming to an end. Their magic hat is just about empty. The u s currency is losing its imaginary value. We're looking for something that is completely recession-proof. Thank you for all the unfort that goes into your videos. Keep up the good work!

Your glowing dear and that hair is looking extra silky today

HI, LUV your content as I find it very informative!! A little off topic but a RU-vid or course about the tools needed to best negotiate with a broker would be very interesting. IMHO. Keep doing what you are doing!

30,000 jobs gone from last year out of from some 3.5 million total jobs nationwide? That’s not even 1 percent of total capacity. In the recession of 08 and 09, they said there was 90 dollars available to be made out of every 100 dollars made in 07. And that was in a slump not seen in some 75 years.

On the politics and acting professionally; While Our Nation is being destroyed clearly now, right before our very eyes, people are suppose to act professionally! It's a bit like asking a burning man not to scream. Allow me to offer up support for myself, my family having been here since before the beginnings of this Nation and since this being a fact, had to suffer all the hardships of those times and the building of it all, as well as wars it is Overwhelming to see my Nation being destroyed right before my very eyes, and nobody is doing what needs to be done to stop it. History dictates only War and cleansing will stop the abomination/Obmanation that's happening now. 0:08

I had a great Monday-Friday job for 3 years great money great pto then it slowed down horribly. Now I am working weekends, nights and no holiday pay and no pto.

Fleets have an opportunity to help with consumer returns. Reverse logistics has become a nationwide challenge for retailers and businesses. U.S. consumers returned $816 billion of goods in 2022 alone, fueled largely by e-commerce purchases.

Great info! I think Americans tend to slow their spending in the months leading up to an election and after. We want to see how the economy does after the elections to decide if we can start spending on goodies again!

What I see on the roads is way more people and trucks are out 24/7. I’ve never seen the roads so packed every single day.

I believe consumers, due to lack of extra decresonary income, are being more frugal when spending, and money isn't going as far. Everyone is being cautious cost of fuel more regulation. Post election with a change and a steady improvement with the economy and cosumer spending we will see a better trucking industry.

Who? Is driving the changes to the Industry from what it was, to what it will permanently become, is more my concern. Thx for the vid.

Peace Peace Ms. Info just waiting on a sign from you to get back in the game again! That's my plan..

Wars is the biggest issue around the world. I think a lot of people have forgotten that, especially freight routes. Everyone needs to remember that freight has to go the long way now. Next since everyone kept hating on China is the next issue

I see 2 economies. One group is thriving. Investors have been doing very well. While driving throughout the country I've seen many new warehouses with for hire signs

Every time you see an intermodal train moving, you need to consider that about 400 drivers have been displaced by that train. The fact of the matter is that the train is far less expensive. Not only is the fuel used MUCH less, but the other overhead costs are much lower too. That $150K tractor is being replaced with a well car to move the container. The big difference is that the tractor will typically last 10 or so years and that well car will move every day for 50 years usually carrying two containers. It’s not the driver’s fault, and the politicians had nothing to do with it either. In fact, some of the long haul trucking companies are part of the blame. For example, Prime, Inc has a lot of their own intermodal refer containers moving freight long distance. At the same time most of their team loads have dried up. This is particularly bad for their drivers where Prime’s training regimen is centered around team loads. The politicians responsible for this is their own management. All Prime really cares about is that they are moving the same freight, roughly the same distance, for less money that goes into their pockets and saves their customers some coin too. Prime has a moratorium on hiring California drivers. Could it be that freight is being loaded on a train instead?

Theres a 10,000,000 drivers shortage. We need 10, 000 drivers from every country on earth to come here to drive then rates will skyrocket...........

According to just the numbers freight rates are down anywhere from 12 to 20% from 5 years ago. But once you factor in inflation and the devaluation of the dollar it's actually down about 50%. For some reason trucking companies are not making the adjustment.

You know I was talking to my aunty and was telling her that I don't eat outside and love to cook at home and cut my own hair instead of paying to barber and don't like to buy anything unless I really really need it. Then she told me if you don't spend money then how they will earn money? then I told her it is not my problem what they will do to make money because we are in game of making money. I go to work and make money and save it more and more just like companies do when they need you they keep you to make money and the day they don't need you they lay you off and they won't care about your situation then why would I care about someone else situation. We are playing game of money who ever will make more and save are better off.

If you are not already you should use Ground News since it lets you know the neutrality of the sources as you are reading the article. For instance there may be six or seven articles on the same news topic and it will make it very easy to understand which are left leaning right leaning and neutral sources.

❤❤❤❤❤

Anyone know if Muller in Polk county Fl. Moved or went under ?

👍🙏🤞...glad I'm retired!...miranda ? What is a cluster ????...

It will begin to improve shortly

Cheap Indian drivers coming India undercutting freight rates

Professionalism in my politics? I think not! Vermin Supreme 2024: Less Trucks, More Ponies

Miranda, you have expressed your political disposition, when you gave the old thumbs up to blue hair. (You were talking about drivers wearing uniforms. How can I possibly remember such a thing. Apologies for the self reference, but what a weirdo I am. Also the most intelligent person by a wide margin who is ever going to be on a trucking RU-vid channel. Now everybody can hate me.)

Great insights! Preciate ya. Thanks!

Is it worth getting into trucking 2024 ?? Just curious about getting my CDL soon

I'm seeing a lot of companies going bankrup which is effecting trkn

What we have currently is the new trucking market! There just too many truck drivers.

Hola

I think it's a combination of all of the above. I get not wanting to turn your channel into a cesspool of political bickering, but "politics" has A LOT to do with it. Whoever is in charge has the power to push the economy in a direction through their priorities/policies, regulations and spending. Economy/consumer confidence good - people, companies making money = money being spent, goods to haul, building materials to be hauled etc. Economy/consumer confidence not so good - people not spending as much, companies cutting back, less to haul. Prices going up because companies want the same profit margin = people buy less. A vicious cycle. Cost of Oil (Effect of policy) drives the cost of EVERYTHING, from manufacturing to transportation. The state of the economy drives trucking, loss of capacity (not enough yet) and seasonality for the slight up tick 🙂.

Which demographic is the majority in the trucks? or which demographic WAS?? Which demographic are most likely to pay their payments??

Can I hotshot with gas 2500 , 2009?

Let me predict what will happen here all or most small and large carriers will go out of business and other than one truck mc's there will be nothing left for even brokers because they are killing trucking and I've been around for 25 years in a few industries and i know alot i also booky own loads and i can tell anyone they are wronv that loads aren't paying all the brokers are taking 65% off the loads, shippers are fed up because most loads take long to move but it will be shipper to single driver companies and thats it because people dont have proper business etiquette. Mist people starting little trucking companies dont understand that any company needs money in reserve to do proper business and just for 3 trucks about 1 mill or more us needed in reserve to run those trucks without a truck payment because saving from weekly grosses is a waste of time this is why most carriers are going out if business they are broke and being broke brings loss of revenue

Therefore expect more bankruptcies and less trucks

The game was called supply and demand no matter who sells it

I started trucking knowing rates we're not good at 3 bucks but just okkay enough to pay bills but now i am just dead with these dollar per mile shitt

Greetings from Flagstaff. I’m curious what do you think will happen after the elections?

Any company that deliberately edits your and you don’t agree, please find another job. If you’re going to cheat at least do it because you want to because when you get caught up, and you will if you do it long enough, the company is going to say they didn’t know you were operating illegally.

In my opinion I believe the freight industry will recover after November. Regardless of the election outcome, I see opportunities in reverse logistics in the near future. fleets and owner-operators could find opportunities to alleviate some of the retail pain points associated with returns and reverse logistics by picking up a few extra lanes hauling returned goods back to their source.

It's more political I believe because if you notice; the more support that the former administration is getting(meaning President Trump support for re-election), the more confidence you're seeing in things improving and driving markets...

Miranda I feel your pain. You have to decide do you as a gold fish 🐠 wanna continue trying to swim in a Shark 🦈 Tank? Or do you want to be a real Player and upgrade to at least #150 Trucks and #200 Trailers, if you’re a small Carrier, I would EXIT STAGE LEFT ASAP. SMALL meaning less than #100 trucks and dropped trailers at different locations, Walmart requires at least 8 or more or they won’t even look at you. Plus the Federal Government is closing all the TAX LOOPHOLES for all small fish trying to swim with the big fish…. You gotta expand if you want to survive. IMO. (In my Opinion). OH, BTW, forget about the General Election. Worry about the MID-TERM AND LOCAL ELECTIONS, that’s where the real power is. The Presidential election is just a huge distraction, like a Clay Pigeon that distracts everyone from seeing the bigger picture. Good Luck from Bolingbrook Illinois.

What the effects of AI in trucking

Honesty I think that it will be at least 2028 before you actually start seeing anything coming out of this. This whole thing is upside down.😎💯

Trucking is done, and it will never recover....economy is about to crash

BROKER side hasn't been seeing much problems for finding customers But shippers are tightening their belts and not passing on the cost to their customers and instead squeezing the brokers which intern squeeze the trucks Every day I see brokers say they're keeping their margins by forcing the trucks that are desperate to take the loads. They're dealing with more fires to put out because of the quality of service drop

All I can say is if you think politics have absolutely nothing to do with the economy there’s no hope for you. Please just do your own homework before you listen and buy into what other people think. This is the most horrible administration in history and if you don’t think so, I seriously question your ability to think for yourself. God bless

Of course, the election matters. This free trade agreement messed the trucking industry, among other things.

As long as carriers continue to accept cheap freight, this cycle will go on forever. The shippers are loving having slaves work for them. They are laughing at how cheap some folks are hauling for. I work for a mid sized carrier/broker. We run 250 of our own assets/refrigerated. I primarily work in brokerage. I have recently submitted bid packages on numerous customers and my rates are spot on, as I know what it costs to run trucks. I'm winning zero awards, and not even getting in the ballpark. There is nothing that I see that indicates this will change any time soon. You've got people out here thinking that $2 per mile is a good rate. It was an ok rate 30 years ago when costs were 400% less, but if you are running for $2 per mile, look in the mirror, because you are the problem.

High interest rates

Flatbed...forever😂

Cant we all get along and kick the brokers, bureaucrats and dems out of the country? Fjb. And his illegal immigrant buddy's!

YIKES 😳, POLITICS? No Comment, who cares? When they’re bank accounts becomes like mine, then I’ll listen to them.

Trump 2025 need changes remb 4 years ago 4 years ago making $275.00 per truck now $160.000 no lie ?

I stand with poopy pants Joe.

The biggest factor is fuel. This one is simply. Trump equals a dollar or less more per gallon.

Scammers are driving the market

The thing about the economy is that these big conglomerates are trying to recoup their bottom line from the pandemic. It has to do a lot with price gouging from the top and that’s why the economy looks the way it does even though it’s getting better

DEBT IS THE CAUSE OF THE DYING TRUCKING INDUSTRY

Midwest is dead….

Lots of people are complaining about Indians drivers cutting rates and that is why truckers are losing money which is not true. Something is called competition either you fight or fly. Indians drivers too buy trucks and they have to pay truck money and they buy like you diesel but only difference is they work more than you and never say no to work because they came from poor country and know the value of money that is why. So fight and compete to win.

This is trucking lol it’s overwhelming pro trump

Let’s keep it professional, Trump is a businessman and not a politician just like me! Let’s go Brandon!

Trump 2024 and beyond!!!!!

TRUMP 2024

It’s something MORE Buckle up buttercup It’s going to get rough We’re not at the bottom yet

Except for regulations or lack there of, politics has NO effect on trucking. The SPECULATION around politics and what may or may not happen does, which is the same with most markets like oil. Why so many people talk and talk and talk about politics and toss it into everything makes no sense outside of a my team is best your team is worst shenanigans. By far the largest issue we have right now is the GREEDflation that is happening where companies have been given too much free reign and they are gutting the entire economy in order to have a higher quarterly profits. The freight market will not get better as long as these companies are going leeching everything away with these massive prices. We are already seeing companies like Walmart, Target, and Walgreens pulling back and luckily they will force many other companies to pull back too. The best way to show this is the auto market, there is no way a base level Ford F150 should have EVER been selling over 50k and even now in my area seeing prices for F150 XLT and Lariats going for 60 to 80 thousand dollars. This same thing is happening with food and other household goods with prices rising over 30% with those companies like Nestle etc CLAIMING costs going up, but looking at their filings we can see the only thing going up is their profits. If we have no money we can't buy and if we can't buy trucks don't run and until these companies are either reigned in by governments or they reign themselves in this market will stay a mess.

Please continue these informational videos (there life/time savers) and thank you for sharing your knowledge. 🔥♥ 🚚🚛🛻