Home > Forum > What Is Going On? Where Did The Loads Go?

What is going on? Where did the loads go?

Feb 26, 2023 at 02:43 PM CST
+ 43 - 4
So what happened here? Where are the loads? Why won't these brokers return calls? Is this the "new way of doing business"?
Replied on Mon, Feb 27, 2023 at 07:01 AM CST
+ 1
They’re helping the large carriers to force the small carriers out of business
Replied on Mon, Feb 27, 2023 at 07:02 AM CST
+ 1

Pretty sure it's cause the Customers are paying the brokers super cheap and the drivers want a lot more than we even have.

I have a pretty massive lane, and have nowhere near enough in it to pay drivers.

Replied on Mon, Feb 27, 2023 at 07:41 AM CST
+ 1
"Aliens"
Replied on Mon, Feb 27, 2023 at 07:41 AM CST
Quote: "Pretty sure it's cause the Customers are paying the brokers super cheap and the drivers want a lot more than we even have. I have a pretty massive lane, and have nowhere near enough in it to pay drivers. "

Where are you on the list of brokers? I don't see any Beemac logistics anywhere.
Replied on Mon, Feb 27, 2023 at 07:42 AM CST
Ok. How are YOU making money and station afloat? If you have less money in to pay a man to haul it, then hour is it getting moved? And how do you stay in business? No sarcasm, just a legit question. Please, I'm just trying to navigate this system a little more efficiently. Not being a smart butt. I just want to tie in some loads to make a week. If I have to pull a cheap one to get to a good one then so be it.
Replied on Mon, Feb 27, 2023 at 08:19 AM CST
+ 2

Just Joined Bulk loads last week, So i doubt you'd see me listed.

I posted to the Forumn that I'm new to this, we generally do freight hauling and i'm trying to get us into a new market.

Didn't realize the rates were so wonky with this, I'd love to pay drivers well and make something myself but I have nowhere near what drivers asking for.

And since it doesn't work the same as general freight hauling I might have been shot in the foot. Where with Flatbeds and hotshots a drivers would love going back and forth on a lane. Hoppers and Tankers don't seem to like that.

Would anyone be willing to go over how that rate index works?

Replied on Mon, Feb 27, 2023 at 08:20 AM CST
+ 3
Quote: "Ok. How are YOU making money and station afloat? If you have less money in to pay a man to haul it, then hour is it getting moved? And how do you stay in business? No sarcasm, just a legit question. Please, I'm just trying to navigate this system a little more efficiently. Not being a smart butt. I just want to tie in some loads to make a week. If I have to pull a cheap one to get to a good one then so be it."

This just my way of thinking. If I’m not going to make money on a load. I will bounce to get a good load before I haul a cheap load. I also let the brokers know this
Replied on Mon, Feb 27, 2023 at 08:25 AM CST
+ 2
Well right now it’s only 14 teen loads posted on BL right now!!! I like to know what the hell is going on??? Also I am starting to see more& more dry vans and reefer loads!?? They could not move that cheap crap on van sites so they’re now bringing the cheap crap over to BL!! As if we need to add to more cheap products to haul. I tell you every body wants a truck yesterday and want it today for $1.50-$2.00 a mile. They want a truck, trailer, driver, insurance, registration!!!! And Fuel!!!! For that small piece of change. Even if you got paid off equipment how can you make it like that?? And lord forbid if you pop one of those $700 steer tires!!! You will lose at theses rates.
Replied on Mon, Feb 27, 2023 at 08:48 AM CST
Quote: ""Aliens""

Good answer. I knew it all along.
Replied on Mon, Feb 27, 2023 at 09:19 AM CST
+ 1
Quote: "Well right now it’s only 14 teen loads posted on BL right now!!! I like to know what the hell is going on??? Also I am starting to see more& more dry vans and reefer loads!?? They could not move that cheap crap on van sites so they’re now bringing the cheap crap over to BL!! As if we need to add to more cheap products to haul. I tell you every body wants a truck yesterday and want it today for $1.50-$2.00 a mile. They want a truck, trailer, driver, insurance, registration!!!! And Fuel!!!! For that small piece of change. Even if you got paid off equipment how can you make it like that?? And lord forbid if you pop one of those $700 steer tires!!! You will lose at theses rates."

You can't Neccesarily blame just the brokers for this.

It's also an issue with owner operator companies accepting and driving the rates.

Most drivers are ridiculously cheap on van loads, I post a load for $2 a mile and my phone absolutely melts. Talking 100 calls in a minute.

My advice is be reasonable on what you want to ask for from a Broker. Think in your head they want to make at least 50$ per load before you start throwing out a crazy number. We'll remember you and your company and pass it around not to use.

All the things we ask for are just what's needed from customers as well. You can't just blame everything on Brokers. We're literally just in the middle of all this.

Replied on Mon, Feb 27, 2023 at 10:17 AM CST
+ 1
Quote: "Just Joined Bulk loads last week, So i doubt you'd see me listed. I posted to the Forumn that I'm new to this, we generally do freight hauling and i'm trying to get us into a new market. Didn't realize the rates were so wonky with this, I'd love to pay drivers well and make something myself but I have nowhere near what drivers asking for. And since it doesn't work the same as general freight hauling I might have been shot in the foot. Where with Flatbeds and hotshots a drivers would love going back and forth on a lane. Hoppers and Tankers don't seem to like that. Would anyone be willing to go over how that rate index works? "

Hoppers DO love that, but you have offer a rate that it can be done. $3/mile ALL miles tends to be the magic number, but that also isn't sustainable if there is unpaid time sitting at a location. You offered us some beans going from Abilene to Emporia. This isn't far enough to offer a one-way rate, unless the truck needs to account for some empty miles. Another thing that has to be accounted for is Bunge unload time. Sometimes you get lucky & get in and out of there, but just as much of the time you spend the day unloading there. Knowledge of origin & destination in this industry is more important than most, because most grain doesn't pay detention for the time that the truck wasted there. So if you only get this load; spent 4 hours trying to get unloaded; and get your re-load loaded, then you still won't have enough time to unload & get reloaded. So you just made $600 gross that day, which isn't very productive and definitely not a living wage for the driver or the owner of the truck. Those loads will, probably, still move; but they will be picked up by desperate trucks that need to get to Emporia for a reload. All I'm saying is this industry isn't so cut & dry as: "This load is a 97 mile haul."

Replied on Mon, Feb 27, 2023 at 12:06 PM CST
Quote: "Hoppers DO love that, but you have offer a rate that it can be done. $3/mile ALL miles tends to be the magic number, but that also isn't sustainable if there is unpaid time sitting at a location. You offered us some beans going from Abilene to Emporia. This isn't far enough to offer a one-way rate, unless the truck needs to account for some empty miles. Another thing that has to be accounted for is Bunge unload time. Sometimes you get lucky & get in and out of there, but just as much of the time you spend the day unloading there. Knowledge of origin & destination in this industry is more important than most, because most grain doesn't pay detention for the time that the truck wasted there. So if you only get this load; spent 4 hours trying to get unloaded; and get your re-load loaded, then you still won't have enough time to unload & get reloaded. So you just made $600 gross that day, which isn't very productive and definitely not a living wage for the driver or the owner of the truck. Those loads will, probably, still move; but they will be picked up by desperate trucks that need to get to Emporia for a reload. All I'm saying is this industry isn't so cut & dry as: "This load is a 97 mile haul." "

I posted this before you guys explained what the problem was to me, Posting the whole thing like that here kind of makes it out I'm intentionally cutting rates on it. I just didn't have enough information on the field, which is why I wanted to contact Drivers Directly to see what they thought on it.

I said I've probably shot myself in the foot on this, I've even been calling other Elevators to check on reloads to make it more profittable for the drivers.

Replied on Mon, Feb 27, 2023 at 02:15 PM CST
+ 2
Quote: "I posted this before you guys explained what the problem was to me, Posting the whole thing like that here kind of makes it out I'm intentionally cutting rates on it. I just didn't have enough information on the field, which is why I wanted to contact Drivers Directly to see what they thought on it. I said I've probably shot myself in the foot on this, I've even been calling other Elevators to check on reloads to make it more profittable for the drivers."

Keep that willingness to learn, and you'll be alright. Also if there isn't money to be made for the truck, then I'd stay away from it. That's a good way to get a bad name for yourself in the ag world, and unlike door swingers we all talk to each other. Usually when we are in line cursing our brokers, or on the cb driving 15 mph over the speed limit to make an unload whilst cursing our brokers lol. Keep the mutually beneficial mindset, and you'll do good things. A good truck will truck his heart out for you, and be with you during the hard-times; whilst most shippers won't (there are exceptions).

Replied on Mon, Feb 27, 2023 at 02:15 PM CST
Quote: "I posted this before you guys explained what the problem was to me, Posting the whole thing like that here kind of makes it out I'm intentionally cutting rates on it. I just didn't have enough information on the field, which is why I wanted to contact Drivers Directly to see what they thought on it. I said I've probably shot myself in the foot on this, I've even been calling other Elevators to check on reloads to make it more profittable for the drivers."

That's probably my fault. I talked to him about our morning conversation AFTER he had already posted this. I explained how you were figuring it all out, and I was trying to be helpful. Hopefully, we'll find a way to work together in the future.

Replied on Mon, Feb 27, 2023 at 03:19 PM CST
+ 2

It is the lowest freight volumes in 9 years currently. When rates crumble in Van, Reefer, etc then they try to find different avenues of hauling. Hoppers are cheap to pick up or rent from a neighbor and try while you let another trailer sit. Direct freight rates have fallen huge in the last 6 months on bulk. It is the standard boom and bust cycle of trucking. I prefer to think of truck capacity as an overall pool and not devided into specific types of freight. If it gets bad enough on dry van people will install a wet kit and find a end dump carrier to pull for.

Part of the drop in bulk freight rates are companies and brokers entering the market with no experiance. They utilize spot rates from general freight to guide their bidding process on bulk commodities not fully understanding the complexities of issues such as food saftey, product density, and potential wait times. We will see these people driving rates down until their "normal" freight picks back up. Then they will disappear and we will have to work with shippers to get rates back to a profitable level. While I understand that some asset based busniess might have to do this just to survive, I dont agree with brokers entering a market for short periods then exiting, it benifits no one other then their bottom line.

Replied on Mon, Feb 27, 2023 at 03:49 PM CST
+ 1
Quote: "Pretty sure it's cause the Customers are paying the brokers super cheap and the drivers want a lot more than we even have. I have a pretty massive lane, and have nowhere near enough in it to pay drivers. "

Then why take it in the first place? Sometimes even brokers should know when to say, "sorry I can't get it done for that".

Replied on Mon, Feb 27, 2023 at 04:00 PM CST
+ 2
Quote: "You can't Neccesarily blame just the brokers for this. It's also an issue with owner operator companies accepting and driving the rates. Most drivers are ridiculously cheap on van loads, I post a load for $2 a mile and my phone absolutely melts. Talking 100 calls in a minute. My advice is be reasonable on what you want to ask for from a Broker. Think in your head they want to make at least 50$ per load before you start throwing out a crazy number. We'll remember you and your company and pass it around not to use. All the things we ask for are just what's needed from customers as well. You can't just blame everything on Brokers. We're literally just in the middle of all this."

Just because a door swinger will run for $2.00 a mile, that in now way indicates what bulk hauling is worth. You can't load or unload a hopper on every street corner like you can a box or open deck. If you think they are the same, you definitely shot yourself in the foot. Additionally, I think you need to remember if you come at us with ridiculous rates, we remember you too, and will not haul for you. You see, the street runs both directions. As I statrd before, you need to know when to tell your shipper, his rate is not doable and walk, just like we do. All business isn't good business.

Replied on Tue, Feb 28, 2023 at 07:21 AM CST
Quote: "Just because a door swinger will run for $2.00 a mile, that in now way indicates what bulk hauling is worth. You can't load or unload a hopper on every street corner like you can a box or open deck. If you think they are the same, you definitely shot yourself in the foot. Additionally, I think you need to remember if you come at us with ridiculous rates, we remember you too, and will not haul for you. You see, the street runs both directions. As I statrd before, you need to know when to tell your shipper, his rate is not doable and walk, just like we do. All business isn't good business. "

Yeah, As I've mentioned repeatedly. I'm new to this. The research That I did do seemed to be more from the shippers prospective where it mentioned that there was a recent increase in rates to .40/bu which was a high. There was no me telling people I have amazing rates. I'm here trying to learn how you guys work and to work with you on getting a good rate. Until I came and asked a few questions there was no way for me to learn this stuff, which is why I came here.

Ideally I could a find a person who already has a parallel lane they're running who needs a reload and we could work out a good rate and relationship. That'd be great. Awesome even, but it feels like that's not going to happen here because of a few factors working against me as a broker.

So it seems It'd be best If i just leave this load board in general and just try and find somewhere else to get these specific trucks, cause there seems to be way to much hate for brokers here.

Replied on Tue, Feb 28, 2023 at 09:49 AM CST
+ 1

not sure where the loads went ' was doing awesome till first of the year now cant do anything the rates are crap and no loads but you see alot of trucks rolling but im not hauling for dollar a mile i just let everything go before i do that; animals and people have to eat so what has happen

Replied on Tue, Feb 28, 2023 at 10:33 AM CST
Now it’s gonna be time for a cage match to the death, think of it as the ultimate competition for a business owner, 30 trucks all competing for one load of freight, think of it as the Darby queen on steroids.
Replied on Tue, Feb 28, 2023 at 12:35 PM CST
+ 1
Quote: "Just because a door swinger will run for $2.00 a mile, that in now way indicates what bulk hauling is worth. You can't load or unload a hopper on every street corner like you can a box or open deck. If you think they are the same, you definitely shot yourself in the foot. Additionally, I think you need to remember if you come at us with ridiculous rates, we remember you too, and will not haul for you. You see, the street runs both directions. As I statrd before, you need to know when to tell your shipper, his rate is not doable and walk, just like we do. All business isn't good business. "

Whenever I see cheap rates from a broker I always block them. I’m not interested in working with someone like that.
Replied on Tue, Feb 28, 2023 at 12:36 PM CST
Quote: "Yeah, As I've mentioned repeatedly. I'm new to this. The research That I did do seemed to be more from the shippers prospective where it mentioned that there was a recent increase in rates to .40/bu which was a high. There was no me telling people I have amazing rates. I'm here trying to learn how you guys work and to work with you on getting a good rate. Until I came and asked a few questions there was no way for me to learn this stuff, which is why I came here. Ideally I could a find a person who already has a parallel lane they're running who needs a reload and we could work out a good rate and relationship. That'd be great. Awesome even, but it feels like that's not going to happen here because of a few factors working against me as a broker. So it seems It'd be best If i just leave this load board in general and just try and find somewhere else to get these specific trucks, cause there seems to be way to much hate for brokers here."

I don’t think there is hate at all, just a lot of frustration. Sometimes if you don’t know a market or segment of the industry, it’s best to stay out until you figure it out. If I were a broker looking to enter a new segment, I’d poll the trucks before booking a load, that way you would already have carriers you know would haul it.
Replied on Tue, Feb 28, 2023 at 09:19 PM CST

Probably a bit of a seasonal low.... Also noticed your profile says you are based in Tennessee. If you are going to make a living hauling bulk commodities you should really be located in the Midwest or Great Plains.

Replied on Wed, Mar 01, 2023 at 06:50 AM CST
+ 1
Quote: "Just Joined Bulk loads last week, So i doubt you'd see me listed. I posted to the Forumn that I'm new to this, we generally do freight hauling and i'm trying to get us into a new market. Didn't realize the rates were so wonky with this, I'd love to pay drivers well and make something myself but I have nowhere near what drivers asking for. And since it doesn't work the same as general freight hauling I might have been shot in the foot. Where with Flatbeds and hotshots a drivers would love going back and forth on a lane. Hoppers and Tankers don't seem to like that. Would anyone be willing to go over how that rate index works? "

Rates are getting ridiculous. But we have the same issue. Even paying on percentage, the rates are dropping and the wait times increasing. It's hard to retain drivers or to even hire a low risk driver. So many job hoppers out there and guys who dont have a job because they have a checkered past.

It's frustrating because there isn't a lack of freight in traditional hot spots, just a lack of pay. Kansas had over 5000 loads listed today and everyone I call on this week didn't pay enough to cover fuel, washouts, and driver pay.

Things are rough right now.

Replied on Wed, Mar 01, 2023 at 09:51 AM CST
+ 2

Again, why do you have to have a membership with Bulkloads, in order to login and look at available loads with Circle A brokers??? And when Levi from admin called me, he said he wasn't aware of this. Then after he looked into it, he explained that Circle A only post their loads on BL! Wrong! Wanna know where most of the loads went? I too lost all the loads I had with direct shippers. Glad BL was able to find a great amount of extra income, and take away more from paying members.

Replied on Wed, Mar 01, 2023 at 12:07 PM CST
+ 2
I guess two things stand out to me, it’s not uncommon for stuff be slow this time of year and it’s not uncommon for truckers to complain about it, But in all the years I have been on here this is the first time I have seen just as many brokers complain about the same issues, and it’s the first time I have seen a bunch pour in here from other markets looking for work, and asking everyone to reveal trade secrets, and the truckers seem all to happy to hand them over in what appears to be a effort win a popularity contest.
Replied on Wed, Mar 01, 2023 at 12:27 PM CST

I remember a couple of years ago, JBHUNT came on here, asking for info and help for starting up a hopper division....and the popularity contest was like a torpedo!!! But with today's concerns...crime has open range.

Replied on Wed, Mar 01, 2023 at 02:21 PM CST
+ 1
Quote: "Just Joined Bulk loads last week, So i doubt you'd see me listed. I posted to the Forumn that I'm new to this, we generally do freight hauling and i'm trying to get us into a new market. Didn't realize the rates were so wonky with this, I'd love to pay drivers well and make something myself but I have nowhere near what drivers asking for. And since it doesn't work the same as general freight hauling I might have been shot in the foot. Where with Flatbeds and hotshots a drivers would love going back and forth on a lane. Hoppers and Tankers don't seem to like that. Would anyone be willing to go over how that rate index works? "

Well that makes YOU the problem!!!!! Freight haulers come over here and ruin the rates. If you have a lane with a horrible rate....you accepted it. I truly wish all the freight haulers would stick to what you know. You all have cut the rates by half since 2019.
Replied on Wed, Mar 01, 2023 at 02:50 PM CST
Quote: "Well that makes YOU the problem!!!!! Freight haulers come over here and ruin the rates. If you have a lane with a horrible rate....you accepted it. I truly wish all the freight haulers would stick to what you know. You all have cut the rates by half since 2019."

And that's exactly why I feel Bulk loads is a bad place to work with.

I've been really transparent on this and how I've been going about it.

I'm not even trying to get that heavily into the market, a customer reached out to me about this, not the other way around.

Which says Waaaay to much about the relationships you have with them. After everyone told me how bad it was I gave the load up.

Replied on Wed, Mar 01, 2023 at 09:41 PM CST
Quote: "Hoppers DO love that, but you have offer a rate that it can be done. $3/mile ALL miles tends to be the magic number, but that also isn't sustainable if there is unpaid time sitting at a location. You offered us some beans going from Abilene to Emporia. This isn't far enough to offer a one-way rate, unless the truck needs to account for some empty miles. Another thing that has to be accounted for is Bunge unload time. Sometimes you get lucky & get in and out of there, but just as much of the time you spend the day unloading there. Knowledge of origin & destination in this industry is more important than most, because most grain doesn't pay detention for the time that the truck wasted there. So if you only get this load; spent 4 hours trying to get unloaded; and get your re-load loaded, then you still won't have enough time to unload & get reloaded. So you just made $600 gross that day, which isn't very productive and definitely not a living wage for the driver or the owner of the truck. Those loads will, probably, still move; but they will be picked up by desperate trucks that need to get to Emporia for a reload. All I'm saying is this industry isn't so cut & dry as: "This load is a 97 mile haul." "

Very well put, hoppers, or pretty buck all the bulk trailers are "speciality" trailers meaning you can't stop in any city that has a factory or store to get reloaded. So extra pay or paying all miles is needed to make any $$
Replied on Thu, Mar 02, 2023 at 07:12 AM CST
Quote: ""Aliens""

Zoo administration, white house
Replied on Thu, Mar 02, 2023 at 07:27 AM CST
Quote: "They’re helping the large carriers to force the small carriers out of business"

And are insurance is high because we have to pay for the large companies mistakes when new non Experience drivers get put on the road Bunch of thieves
Replied on Thu, Mar 02, 2023 at 08:22 AM CST
+ 1
Quote: "Ok. How are YOU making money and station afloat? If you have less money in to pay a man to haul it, then hour is it getting moved? And how do you stay in business? No sarcasm, just a legit question. Please, I'm just trying to navigate this system a little more efficiently. Not being a smart butt. I just want to tie in some loads to make a week. If I have to pull a cheap one to get to a good one then so be it."

i think most people will agree it never pays enough

i doubt anyone on here will ever call and say i think you are offering too much for this load lets trim some off

i have been in the middle of nowhere hauling a higher paying load into a known dead spot ( have a soft spot for it )

but your last sentence if you have to haul a cheap one to get to a good one

1st its cost me the same either direction

2nd the broker or shipper doesnt care where you want or need to go your cheap one back to a good one could have been my good one out of where i was .. everyons cheap one home or back to good freight was somebodys good freight out

i am not being a smart ass either the question you asked is real the finding freight both ways is always a deal

but with your train of thought on cheap one back to a good one what if your good freight could be my cheap one back to my good one?

Replied on Thu, Mar 02, 2023 at 09:31 AM CST
Quote: "It is the lowest freight volumes in 9 years currently. When rates crumble in Van, Reefer, etc then they try to find different avenues of hauling. Hoppers are cheap to pick up or rent from a neighbor and try while you let another trailer sit. Direct freight rates have fallen huge in the last 6 months on bulk. It is the standard boom and bust cycle of trucking. I prefer to think of truck capacity as an overall pool and not devided into specific types of freight. If it gets bad enough on dry van people will install a wet kit and find a end dump carrier to pull for. Part of the drop in bulk freight rates are companies and brokers entering the market with no experiance. They utilize spot rates from general freight to guide their bidding process on bulk commodities not fully understanding the complexities of issues such as food saftey, product density, and potential wait times. We will see these people driving rates down until their "normal" freight picks back up. Then they will disappear and we will have to work with shippers to get rates back to a profitable level. While I understand that some asset based busniess might have to do this just to survive, I dont agree with brokers entering a market for short periods then exiting, it benifits no one other then their bottom line. "

well said !!!

Replied on Thu, Mar 02, 2023 at 10:46 AM CST
The hard times haven’t even started yet and people are at each other’s throats, what do you suppose it’s gonna look like 6 months from now? The previous year showed two quarters of negative GDP so Biden changed the definition of a recession to make it look better, but the Data doesn’t lie, 30% of Americans are more than 90 days delinquent on their car loans and bankruptcies are surpassing 2008 levels, there are a glut of ships parked outside China right now with no freight available, consumer credit card debt is exploding, the CEO of JP Morgan is warning that a complete bank failure is a real possibility, as Jerome Powell and Janet Yellen are freaking out.
Replied on Thu, Mar 02, 2023 at 11:11 AM CST
Quote: "The hard times haven’t even started yet and people are at each other’s throats, what do you suppose it’s gonna look like 6 months from now? The previous year showed two quarters of negative GDP so Biden changed the definition of a recession to make it look better, but the Data doesn’t lie, 30% of Americans are more than 90 days delinquent on their car loans and bankruptcies are surpassing 2008 levels, there are a glut of ships parked outside China right now with no freight available, consumer credit card debt is exploding, the CEO of JP Morgan is warning that a complete bank failure is a real possibility, as Jerome Powell and Janet Yellen are freaking out."

What is the source of your information?

"JPMorgan Chase CEO Jamie Dimon said in the bank’s earnings statement that although the economy is still strong and that consumers and businesses are spending and healthy, “we still do not know the ultimate effect of the headwinds coming from geopolitical tensions including the war in Ukraine, the vulnerable state of energy and food supplies, persistent inflation that is eroding purchasing power and has pushed interest rates higher.”

This statement was from Jan 13th and I can't find anything more current.

Replied on Thu, Mar 02, 2023 at 11:25 AM CST
Quote: "The hard times haven’t even started yet and people are at each other’s throats, what do you suppose it’s gonna look like 6 months from now? The previous year showed two quarters of negative GDP so Biden changed the definition of a recession to make it look better, but the Data doesn’t lie, 30% of Americans are more than 90 days delinquent on their car loans and bankruptcies are surpassing 2008 levels, there are a glut of ships parked outside China right now with no freight available, consumer credit card debt is exploding, the CEO of JP Morgan is warning that a complete bank failure is a real possibility, as Jerome Powell and Janet Yellen are freaking out."

Bankruptcy Filings Drop 6.3 Percent

Bankruptcy filings fell 6.3 percent for the 12-month period ending Dec. 31, 2022, continuing a fall that coincided with the start of the COVID-19 pandemic. But individual filings under Chapter 13 increased significantly.

Annual bankruptcy filings in calendar year 2022 totaled 387,721, compared with 413,616 cases in 2021, according to statistics released by the Administrative Office of the U.S. Courts.

Business filings fell 6 percent, from 14,347 to 13,481 in the year ending Dec. 31, 2022. Non-business bankruptcy filings fell 6.3 percent, to 374,240, compared with 399,269 in the previous year.

Replied on Thu, Mar 02, 2023 at 11:57 AM CST
Quote: "What is the source of your information? "JPMorgan Chase CEO Jamie Dimon said in the bank’s earnings statement that although the economy is still strong and that consumers and businesses are spending and healthy, “we still do not know the ultimate effect of the headwinds coming from geopolitical tensions including the war in Ukraine, the vulnerable state of energy and food supplies, persistent inflation that is eroding purchasing power and has pushed interest rates higher.” This statement was from Jan 13th and I can't find anything more current. "

Replied on Thu, Mar 02, 2023 at 12:09 PM CST
Quote: "Bankruptcy Filings Drop 6.3 Percent Published on February 6, 2023 Bankruptcy filings fell 6.3 percent for the 12-month period ending Dec. 31, 2022, continuing a fall that coincided with the start of the COVID-19 pandemic. But individual filings under Chapter 13 increased significantly. Annual bankruptcy filings in calendar year 2022 totaled 387,721, compared with 413,616 cases in 2021, according to statistics released by the Administrative Office of the U.S. Courts. Business filings fell 6 percent, from 14,347 to 13,481 in the year ending Dec. 31, 2022. Non-business bankruptcy filings fell 6.3 percent, to 374,240, compared with 399,269 in the previous year. "

Replied on Thu, Mar 02, 2023 at 01:31 PM CST
Quote: "**NOTHING CAN STOP THIS.......(It's Really Bad) - YouTube"

I would like to see the quote. It seems contradict the quote I posted from Jan 13th.

Your other statement about people being in default of car loans fails to mention that those are subprime loans or people with less than good credit. People with questionable credit are always going to be at risk. Add the current inflation and the cost of things being high, they are more likely to be unable to pay their bills.

All this being said, I am not in disagreement that, from a working man's perspective, it's getting increasingly difficult to make ends meet with the cost of everything getting higher.

I have a hard time understanding why prices in stores are going up when freight rates are so low. The cost of shipping is going way down (from a consumer perspective).

Where I have troubles is in taking to heart sources of information that don't match what is major bankers are actually saying and what agencies are reporting.

There is way too much hype, fear mongering, and couch quarterbacks spreading questionable information or who are spectating and calling it fact.

Youtube and social media mean nothing. I want to see the source and quote of what was actually said and in the context with was said.

I am in no way saying you are wrong and I'm not disputing that banks might be suffering. But I would like to see a reliable source for your information.

Replied on Thu, Mar 02, 2023 at 08:58 PM CST
Quote: "I would like to see the quote. It seems contradict the quote I posted from Jan 13th. Your other statement about people being in default of car loans fails to mention that those are subprime loans or people with less than good credit. People with questionable credit are always going to be at risk. Add the current inflation and the cost of things being high, they are more likely to be unable to pay their bills. All this being said, I am not in disagreement that, from a working man's perspective, it's getting increasingly difficult to make ends meet with the cost of everything getting higher. I have a hard time understanding why prices in stores are going up when freight rates are so low. The cost of shipping is going way down (from a consumer perspective). Where I have troubles is in taking to heart sources of information that don't match what is major bankers are actually saying and what agencies are reporting. There is way too much hype, fear mongering, and couch quarterbacks spreading questionable information or who are spectating and calling it fact. Youtube and social media mean nothing. I want to see the source and quote of what was actually said and in the context with was said. I am in no way saying you are wrong and I'm not disputing that banks might be suffering. But I would like to see a reliable source for your information. "

How do you define reliable source? For example when was the last time Jerome Powell or Janet Yellen were right about anything? They have missed the mark every step of the way, how do they have any credibility at this point? Fear mongoring, isn't that what the government and mainstrem media do on a daily basis? Isn't that what got us involved in Korea, vietnam, and the middle east? And now Ukraine?

I don't blame you for being skeptical, but some of these you tubers have had a 100% batting average for the past few years, interest rates, inflation, bond markets, did exactly what they said they would, leading me to believe the central bankers and government have been cooking the books the same way a trucker cooked his paper logbooks.

Replied on Fri, Mar 03, 2023 at 07:41 AM CST

7.2 trillion on credit cards,we havent seen anything yet,ceo of bank of america said when people run out of credit,thats when things happen,been out here for 42 years,time like this pick and toose wisely,look at what your bottom is and do what you can to stay afloat. if it dont work,let it lay and bounce out of there,its a lot easier on the truck than hauling something cheap to get out of somewhere.

Replied on Fri, Mar 03, 2023 at 09:54 AM CST
Quote: "How do you define reliable source? For example when was the last time Jerome Powell or Janet Yellen were right about anything? They have missed the mark every step of the way, how do they have any credibility at this point? Fear mongoring, isn't that what the government and mainstrem media do on a daily basis? Isn't that what got us involved in Korea, vietnam, and the middle east? And now Ukraine? I don't blame you for being skeptical, but some of these you tubers have had a 100% batting average for the past few years, interest rates, inflation, bond markets, did exactly what they said they would, leading me to believe the central bankers and government have been cooking the books the same way a trucker cooked his paper logbooks. "

WHAAAAAAT? A truck driver cooked his paper log book? No way.. Fake news!! :)

Replied on Fri, Mar 03, 2023 at 09:10 PM CST
Quote: "WHAAAAAAT? A truck driver cooked his paper log book? No way.. Fake news!! :)"

C'omon man! Say it ain't so!

Replied on Sat, Mar 04, 2023 at 11:08 AM CST

A lot of it supply and demand issues right now, a short crop across the western corn belt has driven prices up and end users have cut production creating a lot of extra trucks, also it's always a little slower the first 3 months, once farmers deliver their March-April corn contracts and head back into the field I'm hoping things pick back up.

Replied on Sun, Mar 05, 2023 at 01:14 PM CST

Here is a shot of whats going on across the big pond right now, helps explain why so many brokers and trucks from other markets are suddenly pouring in here right now looking for something to do.

Chinese Ports Full of Empty Containers; Foreign Investors Accelerating Withdrawal - YouTube