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As some of you know I operate a small refrigerated freight carrier company. We have 6 over the road trucks and refer trailers. I just got a call from my dispatcher panicked... within 48 hours the rates have ABSOLUTELY tanked, so much so that we are electing to sit in Salt Lake City and Denver. We have been getting between $3.00 - $3.30 per mile, rates are now $2.00 per mile and lower. We simply can not make a profit at this number, we are literally losing money with every additional mile. The funny thing is this is across the board, the spot market is very quick to react to market conditions and there is very little fat. What this tells me is there is NO freight to move ( we move food) and there is a serious excess capacity with trucks. Between fuel cost, increased and unwarranted insurance increases they are KILLING small carriers such as myself. I also heard that Walmart and swift are cutting a huge % of their company drivers and back filling with owner operators. My gut is the insurance and maintenance costs coupled with downed trucks because of the lack of parts makes it hard to make a profit.

I hired back a driver that went to a company that had 46 truck fleet and 18 of the trucks were down waiting for parts (3-6 weeks for some longer for others)

As some of you know I operate a small refrigerated freight carrier company. We have 6 over the road trucks and refer trailers. I just got a call from my dispatcher panicked... within 48 hours the rates have ABSOLUTELY tanked, so much so that we are electing to sit in Salt Lake City and Denver. We have been getting between $3.00 - $3.30 per mile, rates are now $2.00 per mile and lower. We simply can not make a profit at this number, we are literally losing money with every additional mile. The funny thing is this is across the board, the spot market is very quick to react to market conditions and there is very little fat. What this tells me is there is NO freight to move ( we move food) and there is a serious excess capacity with trucks. Between fuel cost, increased and unwarranted insurance increases they are KILLING small carriers such as myself. I also heard that Walmart and swift are cutting a huge % of their company drivers and back filling with owner operators. My gut is the insurance and maintenance costs coupled with downed trucks because of the lack of parts makes it hard to make a profit. I hired back a driver that went to a company that had 46 truck fleet and 18 of the trucks were down waiting for parts (3-6 weeks for some longer for others)

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[–] • 1 pt (edited )

mentioned Convoy in their comment here. This is important bc Convoy is part of the problem. https://www.geekwire.com/2016/greylock-leads-16m-round-demand-trucking-startup-convoy-reid-hoffman-joins-board/

Who owns Convoy?

Excerpt:

Investors that were part of the seed round include Bezos Expeditions — the investment arm of Amazon.com CEO Jeff Bezos — Salesforce.com CEO Marc Benioff; Expedia CEO Dara Khosrowshahi; Dropbox CEO Drew Houston; former Starbucks President Howard Behar; KKR CEO Henry Kravis; eBay founder Pierre Omidyar via Omidyar Technology Ventures; and several others.

We all know about Bezos. Salesforce recently made the news bc corrupt SOS Raffensperger got them on board to "assist" with GA elections. Omidyar is the original NeverTrumper and works closely with the UN and World Bank. Starbucks is woke as heck. Hoffman not only owns linked in but also funded the New Knowledge Alabama Russian bot hoax that effectively knocked Trump's pick out of the running.

Soooooo....these are people that are controlling the freight industry. Nice.

These people operate from a systems perspective - They look at a system - in this case freight - identify the components and find a way to gain control over each part. They've done this with every system in our lives.

thank you for posting this and sharing your personal experience. I'm so sorry this is happening to your business. Truckers are the lifeblood of our country - We take for granted all you do - until you aren't able to do it anymore, and we notice the huge effect your absence has on our everyday lives. My prayers - and the prayers of many others - are with you.

May interest

[–] • 1 pt

Amazing perspective! I stoped short of saying there was something/someone system wide or orchestrating this but you nailed it! Thank you for your thoughts and prayers!

[–] • 0 pt

Thank you - I'm glad your post is getting attention - it's excellent and important. THESE are the issues that need our focus.

I hope you will keep us updated.

[–] • 1 pt

Investors that were part of the seed round include Bezos Expeditions — the investment arm of Amazon.com CEO Jeff Bezos — Salesforce.com CEO Marc Benioff; Expedia CEO Dara Khosrowshahi; Dropbox CEO Drew Houston; former Starbucks President Howard Behar; KKR CEO Henry Kravis; eBay founder Pierre Omidyar via Omidyar Technology Ventures; and several others.

A regular who's who in the Deep State funded Global Cabalists.

[–] • 1 pt

Exactly - it's the same people everywhere in every system.

[–] • 1 pt

Funny they should see an opportunity when they have crippled the trucking industry with covid and high fuel prices. Classic way to take over an industry. Crush real estate prices then buy up all the real estate and rent it back to the people. In 2030 you'll own nothing and be happy! Doctor evil aka. Klaus Schwab.

[–] • 1 pt

Remind me again who gave the world the internet? (and don't say Al Gore. He gave us the Global Warming Hoax) :)

Knowing what we know now of our government agencies making huge money on patents, military contracts etc...Does anyone think they weren't in on the ground floor of the internet? Those billionaires are all bought and paid for by the Deep State. How do you make people think these are "geniuses?" Control the narrative.

[–] • 1 pt

So as it turns out, we are members of Convoy and as a load board it is absolute garbage! I searched multiple high-usage cities and they have NO LOADS. They would have to usurp DAY and 123loadboard to be taken seriously. I also noticed that they secured $250m in funding which is loose change for the collection of men you listed. If they were serious they would have bought DAT or brokers such as Teinity, TQL or Landstar. When you see this…the end is mear.

[–] • 0 pt

Wow, RD, let's work on this. maybe you can get the word out among your transportation colleagues.

Here's some more explanation - I forgot to mention Gates: https://digital.hbs.edu/platform-digit/submission/convoy-the-uber-for-trucking/

So what about Convoy made you join?

They would have to usurp DAY and 123loadboard to be taken seriously.

I assure you that they are serious - or they wouldn't be pouring money into it. There IS a reason for that - The question is: What is the reason?

I also noticed that they secured $250m in funding which is loose change for the collection of men you listed. If they were serious they would have bought DAT or brokers such as Teinity, TQL or Landstar. When you see this…the end is near.

Is is it "DAY" or "DAT?" What does that stand for?

Do you mean "Trinity" Freight? And do you mean Trinity Freight or Trinity Logistics?

Is this the TQL you mentioned? https://www.tql.com

If you could tell me the names it would help a lot. It's very possible they are invested under different names - like how Koch and Omidyar bought telecoms a few years ago.

[–] • 1 pt (edited )

Sorry, I was typing from my phone and phat fingered it, but I meant DAT loadboard. My dispatcher must have signed us up in an effort to view more loads. When I logged in, the available loads were non existent. I can't imagine it costing $250 Million to build? I am actually looking at the site now and trying to find a load out of Denver to ANYWHERE for refer, they have 13 loads all under 100 miles paying a few hundred bucks....worthless! This tell me they have ZERO broker adoption. I dont see how they keep the lights on.

If they bought a Brokerage suck as Trinity Logists, TQL or Landstar and pushed those loads to convoy it might work? As it sits now, they are a non entity.