In this episode of the BulkLoads Podcast, Jesse Runionsknown as The Freight Wizardreturns to share his expert analysis and forecasts for the trucking industry. With diesel prices climbing, freight rates dipping, and capacity still outpacing demand, Jesse breaks down why major trucking bankruptcies are happeningeven among companies with 95 years in business. He and Jared Flinn dive into the critical mistakes being made, from poor cost control to failure in forecasting, and offer real-world advice for owner-operators and fleet owners on staying profitable in todays volatile market.
Jesse discusses how increased costs like ELD compliance, new emissions systems, and rising labor expenses are squeezing margins tighter than ever. He also explains why cash flow is more important than ever and how to monitor key metrics like cost per mile, profit margins, and receivables. With predictions that the bottom of the market may not come until mid-2025, Jesse offers actionable insights on diversifying revenue, improving operational efficiency, and planning for long-term survival and success.
If youre looking to navigate the challenges of todays freight economy with better data and smarter decisions, this is an episode you dont want to miss.
