Loading ...Hiding in Plain Sight Economics — Truckers Are Accepting Rates 15-25% Below Their Costs
“This market is so incredibly depressed right now. We’re getting winter rates in the middle of summer, but there are still some lanes that can demand a higher rate.”
“Trucking is not a way to get rich right now,” said Mark Durfee, general manager of Giltner Logistics, based in Twin Falls, ID. “There are no earth-shattering rates out there. Oregon, Washington, Idaho and Utah are soft. The Southeast is soft. The Midwest is soft. You tell your California grape shipper to give me a call. I’ll find him a truck.”
https://www.zerohedge.com/economics/truckers-are-accepting-rates-15-25-below-their-costs
And Powell wants to keep raising interest rates. I think he’s bull shitting!
And yet I live in the Pacific Northwest near I-90 and watch the traffic…there are more trucks on the road than ever before and they all drive like insane maniacs. It doesn’t matter what time of day it is…lots of trucks. This doesn’t jive with the article.