Trucking and Freight Market October 10, 2024: Spot Market Improving?

[@LiamGrayson10]

*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you..prevent inflation.*

[@SusanHamilton80]

I began investing in stocks and Def earlier this year, and it is the best choice l've ever made. My portfolio is rounding up to almost a million and I have realized that when a stock makes it to the news, chances are you're quite late to the party, the idea is to get in early on blue chips before it becomes public. There are lots of life changing opportunities in the market, and maximize it.

[@foralluser6525]

Waking up every 14th of each month to $30,000 it's a blessing to I and my family... Big gratitude to Michael Wayne

[@OwenWilson910]

Hello, I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?

[@Robert160-n5d]

Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Michael Wayne, has been an amazing experience.

[@Schiffmiller-i9z]

I'm favoured, $4,000 every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Mr Michael Wayne

[@stevendan9878]

Chicago market woke up like a dormant monster i got over almost 5 $ pm on 600 miles

[@krashanb5767]

Wow 😮 any more details?

[@somebody9785]

@@krashanb5767 probably had like 47 stops with stupid appointment times.

[@BlessednFree]

@@somebody9785yup and it was probably not dry vanilla

[@miguelmorales2367]

Probably had to dropp trailer off at the shippers and receivers and wait for them to call you once it’s ready .

[@ralph6164]

Probably had that 1 good load & where they sent him FL Cough Cough nothing but .88 cents per mile on the back haul absolute junk my guy tell the whole story 😂😂😂

[@RomanVarl]

Thank you for the update Miranda! 👍

[@banzaii6285]

Congrats on breaking 100K subscribers!! Thanks for the hard work🥰

[@TruckingMadeSuccessful]

Thank you!

[@chadrowe6948]

I'm not in trucking anymore but I get my trucking news from you. You're smart and gorgeous 😍

[@highwayrunner9719]

Your a simp

[@draganjevtic4068]

I 80 in Iowa last night between 10 p.m. and 11 p.m. a.m.,about 50 trucks with Canadian plates were driving west bound .Ontario plates,what's going on!!

[@richardstricklin]

So I don’t need to watch all your videos, but when I do watch your videos are very informative. I just wanted to say thank you

[@hktrucking142]

You are correct on your load to truck ratio. Theres a lot of loads in Georgia right now at 1 dollar a mile and less . But tge real short haul rate is around 1.25 a mile. Florida for the longest time has been 1 dollar or less a mile. The rate coming out of PA is about the same has GA, TX is the same also

[@guybuddyman838]

If anything good has come from today’s financial situation it is that we were spoiled before. Buying too much we didn’t need. I’m getting the hang of this poverty thing. 😅

[@somebody9785]

Not improving for flatbed. I sat Tuesday, Wednesday and today.

[@jackking9400]

I’m leased to Bennett. Find a load that pays. Sit 2-4 days. Open deck is bad. I didn’t think it would get this bad. Bidenomics at its best

[@brianmuse7215]

When the 5 year average gets past the Covid years that stat will change drastically. I'm waiting until March 25 to reinstate my authority, unless things get worse. Prayers for all the hurricane people.

[@waltersettler7404]

So how much would it cost you to fire it back up?

[@redcandi01]

@@brianmuse7215 can you explain more why you think it will change once past the covid years

[@brianmuse7215]

@@waltersettler7404 probably $25,000 all in

[@VicBeatz]

It's time to get out of trucking. I always thought it was dumb when I would see youtubers boast about how much they were making in trucking back in 2020/2021. They were basically inviting more people in to saturate the market.

[@aaronyoder6136]

Agree 💯

[@Stavros1977]

Yup they fked it up

[@georgiiarakelov6560]

I still make ~$10k as a company driver

[@VicBeatz]

@@georgiiarakelov6560 it's better to be a company driver right now

[@truckermixtapes]

❤she's a doll❤

[@RobertCockfield-e6u]

Finally some good news😊

[@MrLoudog7]

It might not be equilibrium. If we could get the actual truck numbers that are entering and leaving that would be amazing. I wish there was a simple way to get that number. we would have to go state by state and keep track of registrations or insured trucks . Any ideas?

[@markopetrovic2011]

Great to keep track an all of this. But not sure why you do not go on DAT load board to compare rates. Becase last and this week, ID, UT and CA was great. But all places you mentioned are down down down on $... Nice that you have same template every week, but we need more live rates like you use to do. I folow you 3 years maybe more...

[@cojo2744]

Thank you for what you do❤❤❤

[@Prodigal1]

Survived the Hurricane, hardest part was being out of power for 23 hours and then sweating my butt off with all the clean up of debris around the house . Power just came back on.

[@49ersfoldem]

🙏🏿😁

[@Prodigal1]

@@49ersfoldem Amen, GOD is good!

[@daveahah5857]

No loads in St. Louis. Cheap and all gone off board in seconds. 🤷🏻‍♂️ DV deadheaded to Joliet

[@i.am.ghost.]

The HELL on earth is coming for the trucking industry. Starting January, California is asking for smoke testing for trucks every 6 months. DOT is working on to don't allow anyone to cheat on logbooks. This is going to be the death for a lot of carriers, is going to force a lot of people stay out of California. So we'll have bigger rates in and out of California and way lower rates for the rest of the country where the majority of the trucking companies will move after quit hauling in and out of Cali.

[@charlieboy501]

Doing an emissions test every 6 months why would you think it will put us out of business some of you truckers are to quick to jump ship

[@i.am.ghost.]

@@charlieboy501, just go and have an emissions testing to your truck.

[@mikekahl4745]

Question for you flatbed guys, how much do you deadhead? 25% ,50% of your miles?

[@hktrucking142]

You mention Atl GA there tuns from ATL to Dallas only paying 98 cents a mile . This is for van rates,

[@markray4327]

Thank you Miranda

[@jackking9400]

Problem is spot market doesn’t factor operations costs. The longer it is used the faster trucks go out of business it is inevitable

[@HighwayMerc]

@@jackking9400 Spot market always has and always will be here..

[@AndrewDavis-xx2ce]

Good stuff! Thank you

[@darylb5564]

I’ve been parked at a warehouse in Savannah for days in an area that I think does a lot of international freight. I hope my observation is NOT indicative of the overall market because there’s nothing going on here. Before that I was in a truck stop in Florida and it was sad to listen to owner operators tell how bad things are

[@awaisali07]

How much does a carrier have to pay tolls in NY, NJ specily Bronx, Brooklyn, Queens NY, it's very informative if you can make a video.

[@qiarthur831]

With ezpass going NYC like $150, out $65, also don't forget njtp

[@awaisali07]

@@qiarthur831 Thank you so much

[@RomeoUrsu-fy9qo]

At $240 per hour for truck labor repair…market is improving for sure 😂😂😂😂😂 Many parts are almost double Yeah Definitely market is improving…and idiots are still pulling free or cheap freight

[@53step]

I thought open deck looked horrible all week didn't move my truck from my driveway ,07 cents doesn't excite anyone

[@ExemplaryMarketing]

Hello do you know anything about intermodal work ?

[@saintpatrick6681]

mass homeless, the overcapacity has been persistent because the trucks have no other expenses. just a wild guess.

[@JamesBaber-k4m]

Thanks girl!

[@gilbertoavina6156]

Walt do people skip to their preferred equipment type? I run containers and am mostly unaffected by what is discussed in these videos and i still watch from beginning to end 👀

[@krashanb5767]

Owner ops are barely making it, I wonder how are companies able to pay their drivers. .60-75¢ per mile is a huge chunk of a rate.

[@TruckingMadeSuccessful]

I have no idea :(

[@1977crabb]

@@krashanb5767 I have wondered that for awhile. I'm thinking that your equipment has to be paid for to do that

[@madridistas1234]

Haven’t really seen anything just good paying loads to Florida that’s about it

[@JPGodschild]

Thank God!!! ❤🙏

[@MuhammadBilalSays]

Thanks for good news

[@c65db]

How many trucks were displaced because hurricanes

[@TruckingbyHAKO]

you are amazing 😍🧿

[@chevykerri-ann6064]

Hello, the promo code for truck stop isn’t working for me 😩

[@edgarpelayo2011]

Do you recommend RTS Factoring ?

[@danidossantos21]

Too many fees…just changed factoring from rts to another company…going to give them a try and see how it goes

[@edgarpelayo2011]

@@danidossantos21 which fees do they have?

[@edgarpelayo2011]

@@danidossantos21 was it easy to get out from them once the contract expired ?

[@treylincoln9367]

Miranda, I see you using Dat again.

[@TruckingMadeSuccessful]

No I just get their hot market maps

[@treylincoln9367]

@@TruckingMadeSuccessful , you can purchase the hot market maps only. I didn't know that was possible.

[@TruckingMadeSuccessful]

No but they have a free resrource on their blog that is updated weekly. Link here: www.dat.com/blog

[@mrcabal1]

How is there so much over capacity after this long?

[@somebody9785]

Nobody wants to quit, they'd rather run for fuel money rates to stay one step ahead of the repo man.

[@vroor32]

​@@somebody9785💯%. True

[@antonioro1]

tens of thousands of immigrants entering the market - don’t need any high IQ for that, no one checking their papers or qualification.

[@Backhaul2024]

Not improving Houston was crap.

[@blackthought7250]

Hi ladies and gentlemen, let’s be smart this time. When the rates come back to better than what they were, let’s save our money that’s pay things off. Let’s not go buy that brand new shiny truck and let’s try to work on networking and getting contracts instead of working off the load boards

[@TrazimDollare1982]

Miranda❤️❤️❤️

[@3bctmd]

Over a ten year period what is the difference of contract carrier pay to spot carrier pay

[@TruckingMadeSuccessful]

Data goes back to only 2020. In 2020, it was from 25 cents to 42 cents more, in 2021 contract carriers were earning way less than spot carriers, as much as 30 cents less, and then in 2022 it was as much as 1 dollar MORE than spot carriers.

[@JesseBarriga-x7e]

How many trucks do you dispatch ?

[@TruckingMadeSuccessful]

I only have 2 trucks in my fleet that are working at the moment since we downsized.

[@fugitive1205]

❤❤❤❤

[@Pushyhog]

leave trucking, u get into tv an motion pictures.

[@TruckingMadeSuccessful]

No way, will always choose trucking

[@wanderingfido]

Whataya mean "lukewarm" ain't special? 😝

[@Hempfuelgroup]

Was trucking more stable & secure during Biden or Trumps terms ?

[@TruckingMadeSuccessful]

My experience wouldn't be helpful, because I started shortly before COVID which was instability. I actually just realized I have no idea what "normal" trucking looks like- it was a few months of normal trucking in 2019, then covid, and then the crash.

[@stevenmiller6725]

2019 was not a good year. Celadon went bankrupt that year as did a few others. So being worse than a bad year is really not good.

[@ophidiaparaclete]

To profit from others demise? The American way.

[@BigCed]

Trucking needs trump

[@JulianBashir-8472]

Already had him. Only thing he did was change 1 new regulation about the 30 min break could now be on duty. Need more change that that. And dems arent the answer either. I will say I’d expect less new regulations with reps than dems though. But as long as lobbying is legal there is really no hope. It will never improve under any prez regardless of who it is. Pretty sickening

[@sigstuko5270]

Im in Kansas City area can someone load me up ill take 3$ per mile empty now

[@Robert-bt8cp]

Good Morning, I have a question for you. If contract rates are $.67 more per mile many will/may ask themselves this question, are company drivers really making $6,700.00 more per month than the rest of us? Use any mileage average/benchmark you want 5k, 7k or 10k miles per month. We know company drivers are not making $3-$7k more per month than the rest of us. So when we contract market drivers are making $.67 more what does this really mean? This is why I believe rate per mile is total propaganda and a way to easily have market manipulation.

[@TruckingMadeSuccessful]

Company drivers that work for large carriers definitely dont earn that money from what I know and have heard, but the large carriers that work contracts do earn that in my opinion. Now if we talk about company drivers (W2s), they do earn more than owner operators right now for the most part. The reason I had to downsize is because of that. My guys were easily making 12K per month, while the company was barely breaking even. Obviously its not my team members' fault that this was the reality, but ultimately I had to make the decision to downsize and go back to our original model of work without any hired drivers, at least for the time being.

[@Robert-bt8cp]

@@TruckingMadeSuccessful I appreciate the reply, I understand the premise of yours and many others situations. When I step back at look at the big picture I truly believe everyone is getting screwed here. I’ve commented several times on your channel and it’s old news I’ve been doing this since 96’, my point is many company drivers earn equivalent or less now than twenty years ago. What really bothers me is the strike last week, the dock workers proved, go home for 2 1/2 days and you’ll get what you want/need. For almost thirty years I’ve heard drivers TALK, run their mouths and bottom line is, we are weak. The Canadians go home, the Mexican truckers go home or shut down. Both groups look at us in the middle like they should, weak. If what you’re saying is accurate and mega carriers are making $.67/mi more than the companies are totally screwing their own workers, many make $80k or less. Stay safe.

[@Robert-bt8cp]

@@TruckingMadeSuccessful Here’s the other item that really pisses me off too. There’s a recent article from overdrive magazine, it says, “The average cost to run a truck is $2.27/mi.” Ok, well what many drivers do not understand is in order to meet that “need”, this isn’t based on loaded miles, you drive your truck empty as well. So we need to average $2.27 for all miles, that means and yes, deadhead matters. Deadhead will reduce your loaded mi along with other expenses by $.50 in some instances. Anyway….keep giving them hell and hopefully others will catch on to the bs…lol. Stay safe.

[@Stavros1977]

The trucking industry is currently on pause I'm waiting on the election. If Trump gets in trucking will be okay if the lady gets in who knows what will happen 🤷

[@teamdada2194]

Hahahahaha no its not getting better regardless of stats. Kamala will end the mailbox sticker carriers permanently. Hope she gets in and changes this country for the worse as I am killing it in this market hahahaha

[@maximusk545]

I saw Yearoveryear and he asked me to say Hello to you Weekoverweek 🤣

[@TruckingMadeSuccessful]

What about monthovermonth?? Can’t seem to find him anywhere!!!

[@maximusk545]

@@TruckingMadeSuccessful He is going to show up tomorrow 🤣 I will pass Hi when he comes. I think he will be with Houroverhour 🤣

[@TruckingMadeSuccessful]

🤣

[@Stavros1977]

You forgot dayoverday 😮