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Forum - Wall Street Pit    Stock Due Diligence for All

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From: efbailey (Rep: 1753) reply to deaconmikeDate: 04/17/2019 09:10
Forum: Wall Street Pit - Msg #2783300Thread #674076861 (Rec: 0)
Re: Truck drivers see orders, miles fall in latest U.S. slowdown signal - Reu...

i thought of you when i saw the article, makes sense. also i figured some co's were prolly loading inventory before tariffs kicked in.



Reply to deaconmike - Msg #2783299 - 04/17/2019 09:05

Re: Truck drivers see orders, miles fall in latest U.S. slowdown signal - Reuters

This has been going on for 2 months,,,at least from what I've seen.
I noticed a slowdown starting back in January.
I ship a lot of potatoes out of North Dakota all winter long thru May & this
past January was the 1st time in ten years I saw rates drop during winter.
And then once my trucks made it to Indiana it was super tough finding
reloads back. And when you did, the rate was super cheap,,, $1.50-1.75 per mile
when it usually is 2 to 2.30 per.

Rates are low all over the country & the number of available loads has
dropped also. But, I think it's just a typical cycle. I've seen it like this over the
years. You'll have a year to year & a half where there's more freight than trucks
and the rates are decent,,,followed by 6 months of what we have now,,,then it
switches back.
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