Page 1 of 3 1 2 3 >
Topic Options
#2451592 - 02/14/18 07:20 AM Truck freight “maxed out” Economy approaching peak?
360view Offline
master

Registered: 01/18/06
Posts: 4537
Loc: USA
https://www.trucknews.com/business-management/trucking-capacity-maxed-ftr/1003083634/

Last year we had a thread with posts about whether gains or losses in truck and railroad freight were good predictors of the USA economy.

http://board.moparts.org/ubbthreads/ubbthreads.php/topics/2280745/1.html

Do not forget the semi serious quote:

“The market can stay irrational for longer
than your finances can stay liquid.”

Top
#2451594 - 02/14/18 07:29 AM Re: Truck freight “maxed out” Economy approaching peak? [Re: 360view]
GoodysGotaCuda Offline
5.7L Hemi, 6spd

Registered: 11/23/04
Posts: 24492
Loc: Texas
I know we're building trucks like crazy and do expect to see a pretty healthy 2018.
_________________________
1972 Barracuda - 5.7L Hemi, T56 Magnum 6spd - https://www.facebook.com/GoodysGotaHemi
1976 Dodge Warlock - "Her Truck" - 360/727 2wd
1969 Dodge Dart Custom Sedan - Grandma Edition - 318/904
2016 Subaru WRX - E30 Tune ~320whp

Top
#2451601 - 02/14/18 08:07 AM Re: Truck freight “maxed out” Economy approaching peak? [Re: 360view]
300by500 Offline
master

Registered: 12/19/05
Posts: 2847
Loc: Bowling Green KY / Nashville, ...
I’ve been a Fedex Ground contractor since 1987, the growth we’ve had in the past year is like nothing I’ve seen before!
_________________________
https://i.imgur.com/tmuGzov.jpg

Top
#2451628 - 02/14/18 09:44 AM Re: Truck freight “maxed out” Economy approaching peak? [Re: 360view]
jcc Offline
No politics

Registered: 12/21/03
Posts: 17201
Loc: Trumussia
Meaning "maxed out" in the vein of declining pool of CDL drivers thru retirement, medical and growing regulations? Combined with a replacement up and coming driver pool that sees on the horizon driverless trucks in little more then a decade? One will fuel the other I suspect. Increasing shipping costs from the above will be a drag, in the meantime "maxed out", likely. twocents
_________________________
Seeking more civil pastures

Top
#2451636 - 02/14/18 10:05 AM Re: Truck freight “maxed out” Economy approaching peak? [Re: 360view]
ruderunner Offline


Registered: 12/18/14
Posts: 1993
Loc: ohio
After the last 8 years it's a welcome change.

Top
#2451650 - 02/14/18 10:44 AM Re: Truck freight “maxed out” Economy approaching peak? [Re: 360view]
Orange_Crush Offline
Belieber!

Registered: 02/03/03
Posts: 17980
Loc: Charlotte, NC
I can tell you that the truckload rates we're paying have gone up by about 40%.

Most of the LTL carriers out there seem to be having trouble finding drivers and the new electronic log requirements are making the owner/operators and small consolidators jack up their prices like crazy.

I wouldn't say freight costs are through the roof (yet), but they have definitely gone up considerably.
_________________________
1970 Dodge Charger R/T Hemi Orange U-code 4-speed
1971 Jaguar E-Type Series 3 V-12 4-speed 2+2 Signal Red.

Top
#2451727 - 02/14/18 02:23 PM Re: Truck freight “maxed out” Economy approaching peak? [Re: 360view]
NewbombTurkk Offline
master

Registered: 01/31/03
Posts: 3832
Loc: West Virginia
brick and mortar stores closing all over......stuff has to get to our doors somehow........
_________________________
1969 Buick Sportwagon 455 Stage 1 Ram Air SOLD
Nationwise Auto Parts Alumni 1982-1984

Now 1972 El Camino, original 402

Top
#2451736 - 02/14/18 02:41 PM Re: Truck freight “maxed out” Economy approaching peak? [Re: NewbombTurkk]
Neil Offline
I Live Here

Registered: 01/19/03
Posts: 12951
Loc: Eagle, Idaho
Local truck driving school has been doing heavy radio advertising for awhile now. Not sure if people aren't enrolling as they figure the self-driving future makes it a waste of time?

My brother drove a local delivery truck and quit as many businesses here pay terrible for most anything blue collar. CDL driver when my brother last drove was $10-12 hr.

Top
#2451738 - 02/14/18 02:48 PM Re: Truck freight “maxed out” Economy approaching peak? [Re: Neil]
Orange_Crush Offline
Belieber!

Registered: 02/03/03
Posts: 17980
Loc: Charlotte, NC
Originally Posted By Neil
Local truck driving school has been doing heavy radio advertising for awhile now. Not sure if people aren't enrolling as they figure the self-driving future makes it a waste of time?

My brother drove a local delivery truck and quit as many businesses here pay terrible for most anything blue collar. CDL driver when my brother last drove was $10-12 hr.


I don't know what most companies pay, but one of my wife's relatives is a line haul driver for Old Dominion and he brings in 85,000+ a year. I know their city drivers (pickup and delivery drivers) get 25.00 an hour or more.

I think a lot of freight companies offer comparable pay and, judging by all the signs I see on trailers nowadays saying "drivers needed," I have to imagine that it can't be too hard to get a job if you have a clean driving record and urine.

I know that there's a lot of talk of driverless trucks in the future, but if I needed a job that paid decently, that's what I'd go for and I'd just ride it out until that day came (if it ever did).
_________________________
1970 Dodge Charger R/T Hemi Orange U-code 4-speed
1971 Jaguar E-Type Series 3 V-12 4-speed 2+2 Signal Red.

Top
#2451809 - 02/14/18 05:04 PM Re: Truck freight “maxed out” Economy approaching peak? [Re: Neil]
feets Offline
Senior Management

Registered: 01/20/03
Posts: 27242
Loc: Irving, TX
Originally Posted By Neil
Local truck driving school has been doing heavy radio advertising for awhile now. Not sure if people aren't enrolling as they figure the self-driving future makes it a waste of time?



They're advertising to try and capitalize on the explosive growth in the market. Everyone needs drivers.

Top
#2451964 - 02/14/18 10:27 PM Re: Truck freight “maxed out” Economy approaching peak? [Re: 360view]
NV69B7RR Offline
master

Registered: 11/08/06
Posts: 5899
Loc: Reno, Nevada
Many of the local companies here are really hurting for CDL drivers.
_________________________
68 AMX track car
72 Demon 340
71 Duster 340 Resto http://board.moparts.org/ubbthreads/show...part=1&vc=1

Top
#2452012 - 02/15/18 01:43 AM Re: Truck freight “maxed out” Economy approaching peak? [Re: NV69B7RR]
Dave Hall Offline
top fuel

Registered: 01/21/08
Posts: 1989
Loc: Cotati, CA
All of the big dollar owners of these trucking companies can hire any monkey to drive. Knight, Swift, and some of the others send rookies out over the road with 53' vans. Most of these guys are getting paid by the cheap load and living at poverty level. The electronic logs are awesome and easy to use. No one needs to be in a drivers seat for more than 11 hours. There is no such thing as a driverless truck. Who inspects it every time it stops? When I drove, either empty or at close to the 80,000 limit, I walked around the thing and checked stuff out. Every time it stopped! Those are the only two ways the truck moved. In the amazing words of the owner," we don't haul sheet metal and we don't haul air"! haha Amazing the things you find. Slashed tires, brakes gone, compressors leaking oil, etc, etc. Who fuels the driverless truck? It's not going to be a cost effective alternative. You'd have as many guys on the ground as you would in the seat. It's funny that for all the bitchen about the Unions bringing this country down, they are at their most needed these days. My family has been in trucking for more than a collective 100 years. My Mom will be 83 Feb. 26 and she still bills freight. 50+ years in the Teamsters! Unfortunately she tells the tales of the illiterate, union drivers and their inability to properly handle paperwork. It's funny also that the Teamsters make so much noise and don't make sure that their members are of superior quality. These companies that sign union contracts should be getting the best of the best.

Top
#2452191 - 02/15/18 01:25 PM Re: Truck freight “maxed out” Economy approaching peak? [Re: Dave Hall]
jcc Offline
No politics

Registered: 12/21/03
Posts: 17201
Loc: Trumussia
"There is no such thing as a driverless truck."

But there is such a thing as truck driven by a computer. An on board human will be little more then a monitor, as you allude to, with limited skills/experience required. The driving force behind "driverless" trucks is multi faceted, expected shortage of experienced drivers, unlimited operating hours, less driver error, promotion of greater safety to the public while lowering costs thru greater driving speeds, and the main plus from a financial standpoint, lower costs.

The millennial "perception" is IMO, truck drivers are on a downhill grade on a dead end street.
_________________________
Seeking more civil pastures

Top
#2452221 - 02/15/18 02:18 PM Re: Truck freight “maxed out” Economy approaching peak? [Re: 360view]
HoosierTA Offline
master

Registered: 01/21/03
Posts: 4014
Loc: Bloomington, IN
I live way out in the country on a dead end road with four houses on it. Due to Amazon, Northern Tool, and Ebay a delivery vehicle is on our road 3 times a week I suspect.
_________________________
'70 Challenger R/T 383
'16 Hemi Durango SSV (work vehicle)
'15 Ram Police SSV

Top
#2452231 - 02/15/18 02:32 PM Re: Truck freight “maxed out” Economy approaching peak? [Re: HoosierTA]
bigdad Offline
Still Posting A Lot

Registered: 02/12/04
Posts: 29880
Loc: S.E. South Dakota !
I have worked in transportation , buzz word logistics for my entire adult life .

Most of it spent in specialized over dimensional flatbed type loads but, last 4 in dry van ..

The rates are unbelievable, multiple reasons for it .

some already mentioned here .

very hard to explain to the customer why their costs are double ,and it will indeed affect everyone .

Top
#2452253 - 02/15/18 03:27 PM Re: Truck freight “maxed out” Economy approaching peak? [Re: Dave Hall]
Morty426 Offline
master

Registered: 03/12/08
Posts: 8658
Loc: Sacramento CA
Originally Posted By Dave Hall
Unfortunately she tells the tales of the illiterate, union drivers and their inability to properly handle paperwork. It's funny also that the Teamsters make so much noise and don't make sure that their members are of superior quality. These companies that sign union contracts should be getting the best of the best.


And there is the reason that Unions are dying. You are right they should be the best and the Union should make sure they are the best.

Instead the Union is all about the Union and they do everything in their own interest and not in the interest of the members. That was my experience.

Top
#2452289 - 02/15/18 06:05 PM Re: Truck freight “maxed out” Economy approaching peak? [Re: 360view]
360view Offline
master

Registered: 01/18/06
Posts: 4537
Loc: USA
How long after trucking “maxes out” will the USA economy turn down and enter a recession?

18, 24, or maybe 36 months?

Is it possible that transportation delays and higher freight costs
could CAUSE a recession
rather than just WARNING ahead of time
that a downturn is coming?

I do not know how many have visited the outback of Australia
but the long “road trains” there have me thinking that
in the USA the earliest “driverless trucks”
will be two, three or four robot trucks following a lead truck with a human driver.
There is a considerable fuel saving from “drafting” close behind other 18 wheelers.

Top
#2452293 - 02/15/18 06:18 PM Re: Truck freight “maxed out” Economy approaching peak? [Re: 360view]
Neil Offline
I Live Here

Registered: 01/19/03
Posts: 12951
Loc: Eagle, Idaho
Rapidly expanding real estate bubble, just like 08, will do it before anything trucking related will. Prices for anything for rent or for sale is going up way faster than wages and peeps are buying beyond their means (again). Here it's not young kids, but the same boomer age real estate "pros" who are back and looking for a fast retirement buck as their "working days left" clock is winding down.

Radio ads for a local bank is promoting loans against your house so you can buy that new Razor side-by-side, etc.

Top
#2452417 - 02/15/18 11:04 PM Re: Truck freight “maxed out” Economy approaching peak? [Re: Neil]
Dave Hall Offline
top fuel

Registered: 01/21/08
Posts: 1989
Loc: Cotati, CA
iagree this is an absolute and will continue to rise and fall as the population continues to expand exponentially with no end in sight. I remember vividly being taught that at some point the human birth rate would equal the death rate. I even believe that some number was given. The history books were wrong! laugh nervous

Top
#2452420 - 02/15/18 11:23 PM Re: Truck freight “maxed out” Economy approaching peak? [Re: Morty426]
Dave Hall Offline
top fuel

Registered: 01/21/08
Posts: 1989
Loc: Cotati, CA
Morty! You are right about these unions with tenure and seniority. Not labor unions that work people on performance. Guys that end up in the hall all the time get tired of it at some point and go do something else.

Top
Page 1 of 3 1 2 3 >

Advertisement
Forum Stats
25,578 Registered Members
32 Forums
194,826 Topics
2,275,924 Posts

Most users ever online: 1,424 @ 06/20/18 07:18 PM
Moparts Newest Topics
Edelbrock's New Web Site
by BSB67
11/15/18 07:10 AM
1968 Plymouth Road Runner
by tomsjack
11/15/18 03:28 AM
adj rockers
by GVH
11/14/18 10:40 PM
2005 oem Mopar radio swap ... Issues ?
by Doc Fiberglass
11/14/18 10:07 PM