Why Is Trucking So Bad Right Now? When Will It Get Better? 

Well done 👍 are you running profitably doing containers?

Smart trucker, smart trucking. Own all your equipment and get paid Rebuild, don't replace Good job, trucker Smart, smart, smart!!!😁

@bobakforouzan7437 it's enough to stay afloat. There are good and bad weeks.

@@gilbertoavina6156 So.... no payments and insurance provided and making enough to "stay afloat". lol yeah you're winning........

@captaincaveman2501 yes in an environment where many drivers are going bankrupt and are upside down on their loans and leases. You're damn right I'm winning.

Absolutely!

TQL is only begging because they suck.

😂😂😂😂

Until November 5th. Things are guaranteed the star changing quickly. First things first shut down the borders. 2nd ➡️ deport deport deport ALL None US CITIZENS.

To have such a narrow view of the world at that age is astounding

100% correct , too many people talking lies

Nothing he said was false. Before social media, you didn't have people getting on Instagram, Facebook, and youtube talking about make $10k a week just driving a truck.​@JohnJohnson-mf3dv

@@JohnJohnson-mf3dv no distractions

Yup! I’m running and making money. All the hassle and problems mentioned here don’t even exist in my markets.

I’m a company driver on the food service and I make 145k

@@bigpat2436yeah and then you woke up. You need to make over a $ per mile, never have days off and then you might get those money…

As a trucker that used to do Uber, I can tell you that's bs.

@@younglove3362 Uber in NY

​@@younglove3362haha thought so

Thank you, Sir. This is a major theme. If babied (e.g., oil changes 6 times a year), can a new Class 8 truck --- and now we hear they are 180ish, not 250+ --- be counted on to last for 10 years/1.2M miles, engine, transmission, differential,after-treatment? I have put this question to a dozen mechanics and career drivers, never to get a confident and believable answer.

My stepdad $1.50 per mile in 1985. Have some respect for yourself.

@@JW-lw8pc are you referring to CPM? Gross loaded or all miles? Or just NET? Just throwing an anecdote $ out there from a 40 years ago from a family member that I would be surprised that you saw his P/L in real time. I like to know the Gross number and Net number of that year you speak of, with how many miles he drove.

More like when Biden cut off what Trump started in using our own natural resources instead of buying from out of the country.

Predictions can be made when the future is predictable. Use the scientific method and observe and you'd honestly be shocked 😲 by what you come up with.

Josh is awesome!

@@TruckingMadeSuccessful yeah I am going to have to shout him in one of my videos and try to help his channel, I love to follow the trucking industry even know I am no trucker, thanks again for your channel, I understand quiet well what goes into making frequent videos

Is going to lead you to bankruptcy…..

Because the banks would come after you for what you still owe and put a lien on your other bad assets like the house you live in bank accounts 401 etc at a court hearing.been done before

@@darrelv764 Interesting, if you are that deep in, then i would think you would be looking for the exit. By selling everything for cash, moving everything out of your own name and getting ready for the inevitable ........ bankruptcy ........ You are in a death fall like it or not, crossing your fingers is not going to help .... like it or not.

😂

Do you really want to know? If knowledge is power, and with power comes responsibility.... What will you do?

@@jon__doe I already know. The answer is self evident. Do you?

We just need 4 more years of Democrat control! Sleepy Joe has a plan! Vote for the blue freakin’ idiots!

@@Prodigal1 Yes. The quandary is what to do with that.

@@jon__doe Well, I am 62 and after 34 yrs OTR, 20 as an O/O I sold my truck last November. I’m playing steering wheel holder for 2-3 yrs to replenish my retirement funds then I wave goodbye to this deteriorating profession. For those younger that want to stay in it I suggest you don’t vote for leftist politicians that war against fossil fuels driving up fuel prices, who allow the border to be wide open and who bring in Euros and other foreign born drivers to fill the mythical shortage. Raise the requirements for entry as both drivers and carriers. Vote for leaders who cut back on government spending which has led to inflation and thereby forcing the Federal Reserve to raise interest rates to keep inflation from spiraling out of control thus making borrowing money too expensive . Or if you’re young enough get out of this profession and get a normal job where you are home every night with Overtime after 40 hours , weekends off, etc.

Keep hoping. Hope definitely solves problems. 🙄

100%

Q222 was already planned. It was a way to put the US economy back in debt (take the free money back). If everyone has good credit and a cash cushion in the bank, then banks and alternative lenders are not making money. The failure of the US truckers to follow suit with the Canadian and Mexican truckers is what caused the current economic status for the trucking industry.

While your statement is justified, many "mega" carrier's are not looking to add. They are to the degree of replacing those that left, for numerous reasons. Today's news about Forward Air may have many of their contractors looking to bolt but to where? We've all heard about Prime's decision to cut some lanes and subsequently the possibility of laying off company drivers. FedEx is talking about restructuring and closing a few terminals. CEVA did some lane restructuring last year, letting go of contractors. Word through the grapevine, nothing I can find to confirm on this rumor, is that Amazon is looking to lower its rates paid to contractors who haul their freight. T-Force is in a little financial pinch and rumor has it that they may close down the LTL freight side. Last I knew, that was still union and heard that the contract is up in about a year or so. If I'm not mistaken, T-Force also owns CFI and what once was Transport America, so there may be some slimming down in those divisions also. My worry is, it's going to be late 2025, to early 2026 before we see any type of recovery. I just hope as a country, we make it before a total collapse.

I'd much rather do a diagonal with puts in the short-term and calls in the long-term.. cash in both ways. Anton Kreil would be proud..