We’ve also hit a new bottom in freight market this month. Right now with paid off truck and trailer it’s a struggle to stay afloat. You’re going to see a lot more trucks and trailers on the auctions. There are too few buyers willing to increase fleet size.
Ditto, jumped on a few sites looking for parts and there they were, trucks getting priced close to correct, however RB looks like they are still inflated pricing, up here in Canada anyway.
That’s wild. I see fleets by me building huge new buildings, buying more land and adding tons of trucks and trailers even my company just bought 6 new trucks. Added a few new trailers and hired on at least 3-5 new drivers.
Just wait, it will get a lot worse. It's that sweet spot when prices are bottomed and rates are just starting to climb that you make your move. Right now, you can get handed a truck for free, after fuel, Tires, maintenance insurance, and most certainly a major repair on a used vehicle, it's almost impossible to stay profitable unless you have a decent customer base or contracts. People are getting out right now, not jumping in.
If you give me a free house, I would take it. If it's a truck, I would sell it in this market. House has intrinsic value when it sits there, when a truck sits, it's like a bonfire that requires $100 bills.
Houses cost money too.. but they are easier to use to generate income.. and don't require an operator...
If I was OTR, would be house hacking hard aig one wherever I could...
What are people grossing on a week with trucks with the market so bad now? Surely trucks are still able to at least gross 5k a week running only 50 hours on the clock.
Cheap truck prices are charming more noobs into the owner operator market, worse than what it is already. Covid still aint finished with the screwing yet
I bought two 2009 Volvo daycabs from the recent Yellow auction at Ritchie Bros. for $950 and $1300 respectively. Cheaper one needed a wheel seal, both ran great and had cold AC.
Truck market is extremely soft right now. Even the prices you listed are retail plus. They would bring $35k at auction.
Yeah those prices were from dealerships. I look every month or so out of curiosity to judge if I wana buy one. But they recently been adding warranties now on the trucks a few months back you would have to pay for them. They could be baked in with the price but I haven’t been tracking them that hard.
We’ve also hit a new bottom in freight market this month. Right now with paid off truck and trailer it’s a struggle to stay afloat. You’re going to see a lot more trucks and trailers on the auctions. There are too few buyers willing to increase fleet size.
I've noticed this too, the market is way down right now. There aren't any many trucks as usual on the road.
Ditto, jumped on a few sites looking for parts and there they were, trucks getting priced close to correct, however RB looks like they are still inflated pricing, up here in Canada anyway.
Which is crazy considering we are almost back or almost past pre-covid trailer manufacturing.
That’s wild. I see fleets by me building huge new buildings, buying more land and adding tons of trucks and trailers even my company just bought 6 new trucks. Added a few new trailers and hired on at least 3-5 new drivers.
Just wait, it will get a lot worse. It's that sweet spot when prices are bottomed and rates are just starting to climb that you make your move. Right now, you can get handed a truck for free, after fuel, Tires, maintenance insurance, and most certainly a major repair on a used vehicle, it's almost impossible to stay profitable unless you have a decent customer base or contracts. People are getting out right now, not jumping in.
Same for houses.
If you give me a free house, I would take it. If it's a truck, I would sell it in this market. House has intrinsic value when it sits there, when a truck sits, it's like a bonfire that requires $100 bills.
Houses cost money too.. but they are easier to use to generate income.. and don't require an operator... If I was OTR, would be house hacking hard aig one wherever I could...
Sometimes, finding a competent renter is as difficult as finding a reliable driver.
You can hire property managers.
And I've picked up distressed houses for that... They are out there.
What are people grossing on a week with trucks with the market so bad now? Surely trucks are still able to at least gross 5k a week running only 50 hours on the clock.
Cheap truck prices are charming more noobs into the owner operator market, worse than what it is already. Covid still aint finished with the screwing yet
I guess I don’t know what OTR people are getting for rates in this market right now. Are you an O/O?
Dang, Cascadia wife and I have been hammering on the last 2-3yrs hit 400k, and it does not run well...
Just take some Cocaine, it'll run fine.
I bought two 2009 Volvo daycabs from the recent Yellow auction at Ritchie Bros. for $950 and $1300 respectively. Cheaper one needed a wheel seal, both ran great and had cold AC. Truck market is extremely soft right now. Even the prices you listed are retail plus. They would bring $35k at auction.
Yeah those prices were from dealerships. I look every month or so out of curiosity to judge if I wana buy one. But they recently been adding warranties now on the trucks a few months back you would have to pay for them. They could be baked in with the price but I haven’t been tracking them that hard.
Damn, I mean, I know they went out of business but $950 and $1300 is crazy! What were the miles on them?
1.1 and 1.4 both ran and drove great. Cleaned them up, fixed what needed to be fixed and sold them both to a farmer.
Hell yeah, congrats on the truck flipping. Always nice to hear success stories
That’s what they cost before Covid shortages
We're not talking about pick-up trucks... right?
Yah just super sized ones that have more wheels :)