Cheap Freight of The Day

MikeJr

MikeJr

Guru
Staff member
Jan 21, 2010
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Thunder Bay, Ontario
30
NJ inbound to the GTA

Reporting: myself

As I just booked a load with a member here I don't necessarily want to publish the price but am I the only one noticing this increase in supply, decrease in demand and therefore price drop in this region?

Perhaps I'm premature in discussing this, it's only been a few day fluctuation and may only be short term...

Your educated thoughts?

Mike
 
Inbound rates have been getting soft over the past month or two to begin with. I'm still thinking it's temporary too though.
 
With 40,000 less jobs in the province of Quebec alone since the beginning of the year it's not too surprising. Not many of those jobs were office jobs. Mostly shop jobs. fewer jobs = less production=less loads coming in. And with US on a huge 'By America' plan what do we expect of course there are less outbound loads
 
Yes Mike I took it cheaper than I wanted no doubt but a load in hand today is better than coming home empty tomorrow. Good thing I got a boat load to go to the island.. Inbound lanes have been a little tough for a month or so but I believe brokers are playing Russian roulette trying to drop rates on inbound this month as next month it may be them getting bent over. Outbound has been overly strong for the last couple months and I believe that is a major factor for the so called inbound shortfall. Maybe it is time too push a little harder on the outbound rates!!
 
you think Nj is cheap?

our rates from NC & SC just got cut by like $800...

and we posted some of the loads, some carriers actually wanted them, but we didn't take them thinking it was way too low.

so shippers are aware of the supply/demand changes right now and are forcing rate reductions down our throats!
 
Ok, it's not just me...

Regarding inbound rates:
We are all familiar with the usual seasonal changes from states this time of year like: FL, GA, SC, NC, TN, LA, TX, CA, etc... but I started this thread for another reason...

I've seen (over the last 4-5 years) TL inbound pricing increase rightfully so in areas like:

IL - I've seen increases of 30%
PA/NJ/NY - I've seen increases of 40%++
OH - I've seen increases of 30%

I understand that the market dictates 'average' payables. I've been accustomed to seeing these areas increasing for so long (slowly over the past few years) I was just surprised to see them decline. It's just shocking to see in the 450-600 mile radius is all...

Could be short term, will have to wait and see.

Happy Halloween all, I'm set to win the costume contest this year at our office... Fingers crossed.

Keep well,
Mike
 
G Roch said:
pic plz! are you dressed as a pirate?
Click to expand...

That's funny.

I'm dressed as a 'vacationer'. Hawaiian shirt, board shorts to match, straw hat, zinc nose, crocs, a corona, large camera, suitcase and sunglasses...

The only pic you will find of me anywhere on the internet is my linkedin profile... I'm keeping it that way.

Will update on the $50 prize...

Keep well,

Mike
 
Speaking of cheap freight....a client wants us to reduce our FTL temperture controlled loads to NJ from Toronto to $1000.00 ?????? Never one service failure for the past 4 years......any thoughts?
 
I also believe the outbound seems a little stronger lately but frankly, it doesn't even make any sense. There's no new manufacturing setting up shop to speak of, only maybe some better consumer spending in the US so what is left maybe is operating closer to capacity. The products that I find are pushing this are seasonal to a degree though. So I'd be skeptical to do much to outbound rates. Brokers may be enjoying some margin honeymoon on inbound freight though volume isn't really up much.

I think the perception that shippers are seeing the market change and demanding lower rates on the spot is wrong. Shippers for the most part are operating under contract because they actually don't like to deal with the spot changes. If it persists, then through RFP season you'll see players adjusting rates accordingly though.

Spot buyers tend to be low level buyers.
 
Maggs said:
Speaking of cheap freight....a client wants us to reduce our FTL temperture controlled loads to NJ from Toronto to $1000.00 ?????? Never one service failure for the past 4 years......any thoughts?
Click to expand...

some large broker swooped in and cut your rates. it's the mindset we're seeing.
 
Nope wasnt a broker...another carrier, but first 2 outbound loads they did failed terribly. I will leave that at that! So we are back at it. One day some of the owners of the goods to be moved will realize its not about LOWER rates! I have faith!
 
I think I know who the shipper is. Another broker used to offer us some loads on that lane paying us the $1000. I thought on reefer that was too low. Sometimes people get involved who don't know the market, sometimes it's based on a TMS solution provider trying to squeeze more savings to their customer to justify themselves. But is it a 'spot' thing? No. It will probably happen again at some point.
 
it's all about service and getting the product to the consumer.

once they realize the cheap rates are hurting them they will use a new system to choose their providers.

the system we often use to get pricing is we get rates from 2-4 guys, if someone is way too low in comparison they get knocked out right away. obviously this would be for project freight, not spot market.
 
Speaking of cheap freight....a client wants us to reduce our FTL temperture controlled loads to NJ from Toronto to $1000.00 ?????? Never one service failure for the past 4 years......any thoughts?

$1000 to NJ that is a terrible rate and the fact you have been providing outstanding service just make you shake your head at the way the industry is. I would rather leave the truck in the yard than run to NJ for that.
 
High paying loads of the year. 2900 miles this is getting crazy.

Just got this email.
Hello we have been awarded a project starting on February 3rd of 250 loads moving from fort Mackay AB to Freeport TX approx 190 of them will be legal tandem step/flat bed loads. My payout rate per load is 4100 no tarps required. If you think you can help me out with this project please let me know.

Shane YarndleyDispatch Supervisor – Brokerage - Milton Ontario| Tel 905-636-7700 | Fax 905-636-7701 | -s.yarndley@qlinetrucking.com | www.qlinetrucking.com
 
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T800 your rate is cheap (but inline with AB to TX) and given the volume and the headaches I would pass to. There is money to be made but how much is you time worth??
 
It is not my freight.
It is a copy of an email that I received
 
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