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CH Robinson profit drops 22% YOY
- Thread starter Shakey
- Start date
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Of course their profits have declined. Last year we were probably 25 trucks after one load in some areas. There were bidding wars and it got a little mean. We'd book loads only to have them (in general, not specifically C.H.) cancel us because they found a truck for $50 bucks less. We were hauling for less than it was costing us to roll. I bet they make even less money next year when the Electronic logs come. Authorities are already trying to get the older vehicles off the road any way they can because they will be E-log exempt. Our drivers who have the 97 and 98 Petes get offers all the time to sell their trucks.
Brokers are going to go into shock once the many O/Os close their books and find something else to do. There's gonna be some changes in availability after December 17th.
Brokers are going to go into shock once the many O/Os close their books and find something else to do. There's gonna be some changes in availability after December 17th.
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Well it wouldn't be the first time our industry has undergone some serious changes, going all the way back to the de-regulation of the industry in the 1970's. The good carriers, and the good brokers will adapt, always have.....always will, and rates will follow accordingly, up or down as the market dictates.
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Yes, we'll adapt. Remember when we got hours of service regs in Canada back in 89? The sky was going to fall.. but we survived somehow. This will be no different. Most carrier are running by the law now anyway... the electonic logs will level the playing field so that those carriers/brokers who choose to bend the rules will have a harder time.
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Key word.. "harder time". There will always be way around, look at speed limiters. However it's a risk and one that is not worth taking.
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Good point. Every time there's a new tech phase or legislation, people think the industry will end. The electronic logbooks will even out the playing field for carriers. This is key for those carriers and fleets running 1 solo driver to texas twice a week....the rates have gotten crazy not because of solely undercutting, but because there are people carrying out 2 loads to dallas and back from toronto in 1 week, which hurts other carriers who run legal.
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Absolutely - with the exception that it won't even the playing field for those who have single drivers running multiple weekly trips to the Canadian West - that's another market that has been absolutely eviscerated ratewise by those who think that the regulations don't apply to them for over the road movements. Why pay over the road rates when you can get your load moved over the road at less than intermodal rates?