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Contract Freight Prices Fall As Demand Drops Fast / Deflation In The Trucking World



Contract Freight Prices Fall As Demand Drops Fast / Deflation In The Trucking World. Truckers need to be aware of these fast changing dynamics so that they do not loose their business. Also with the Diesel prices spiking that adds even more issues to the shipping industry and the supply chain crisis.

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28 Comments

  1. The economic hardship,unemployment and the loss of jobs caused by covid is enough to push people into financial venture's. Am taking a trip into investing because I've lost so much during pandemic and post pandemic.

  2. Here I sit, no debt, I've got a truck and trailer paid off, and I'm gonna watch and wait for that whipsaw effect to drive rates up again, and I'll cash in again. Until then, I'm gonna donsome gardening and fishing.

  3. The chlorine shortage is going to cause me to go out of a job. The only thing I can do is prepare, possibly stockpile some chemicals so I can service my customers after the business I work for closes but if they aren't making chlorine then that will dry up as well.

  4. I truly enjoy you material. As I've felt this coming since the beginning of the excess printing. The policies and war on energy is as if there trying as hard as they can to extract all the money out of the average person. They definitely have a deep agenda.

  5. It's like having a crystal ball! Great insight on what's going on and the future of the remaining last few months of the America we once enjoyed so much!

  6. Damn I'm a truck driver. So far I been busy, I hope I can stay employed. I had a solid plan to pay off my last student loan of 54k. Losing job would definitely derail this.

  7. Truckers charge less but their costs are still rising. US diesel prices are up over $2/gallon in the last 12 months and are the 3rd highest prices ever. So profit margins for truckers are getting a double whammy and collapsing/compressing (margin compression).

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