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Truckers quitting due to fuel prices?
Posted on 11/1/21 at 9:40 am
Posted on 11/1/21 at 9:40 am
Anyone else heard this?
A guy that used to work for me went into trucking 4 or 5 years ago called me last week ready to come back to contracting. He owns his own truck and said it is no longer profitable due to fuel and insurance prices. He seems to think the problems we already are seeing from trucking are about to compound as he knows many smaller guys parking their trucks until things level off.
I know some here are in transportation and curious if you are hearing the same.
A guy that used to work for me went into trucking 4 or 5 years ago called me last week ready to come back to contracting. He owns his own truck and said it is no longer profitable due to fuel and insurance prices. He seems to think the problems we already are seeing from trucking are about to compound as he knows many smaller guys parking their trucks until things level off.
I know some here are in transportation and curious if you are hearing the same.
19
Posted on 11/1/21 at 9:42 am to stout
he needs to raise his prices
Posted on 11/1/21 at 9:42 am to stout
I was looking at running a box truck or three and can’t quite make the numbers work because of the gas prices.
You’d have to have a larger fleet to make it worth it and I don’t want 30 employees.
You’d have to have a larger fleet to make it worth it and I don’t want 30 employees.
Posted on 11/1/21 at 9:44 am to TrueTiger
Raising prices may not be an option. Yet.
As supply goes down while demand stays high, raising prices may be feasible.
As supply goes down while demand stays high, raising prices may be feasible.
Posted on 11/1/21 at 9:44 am to stout
I wish they would all go on strike and shut down the whole country. Goes to show we depend on other countries way to much.
Posted on 11/1/21 at 9:45 am to TrueTiger
You would think so but a lot of those contracts are sent out for bid apparently and larger operations are bidding low to squeeze out smaller guys and due to reduced volume from the ports taking forever to offload cargo.
All of that going on but at least Pete took two months off to be with his baby.
All of that going on but at least Pete took two months off to be with his baby.
Posted on 11/1/21 at 9:45 am to roadGator
quote:
I was looking at running a box truck or three and can’t quite make the numbers work because of the gas prices.
Was literally looking at the same thing.
Posted on 11/1/21 at 9:47 am to roadGator
quote:
You’d have to have a larger fleet to make it worth it
That's what he is saying too. Reduced volume means the larger guys that are normally busy no matter what are now bidding on everything so the smaller guys are being squeezed out. The larger guys also get better deals on fuel since they buy in large bulk.
Posted on 11/1/21 at 9:47 am to the808bass
I’m tired of Corp bullshite but don’t want many employees.
Posted on 11/1/21 at 9:47 am to stout
quote:
Anyone else heard this?
I can't see how it isn't true in some regards... I mean shite, I'm paying $25 more a week in gas and I just commute to and from work for the most part.
I'd imagine those truckers are paying a few hundred more a week without any additional pay. Doesn't make sense to do it. Sit on your arse, collect UE, and ride it out.
Posted on 11/1/21 at 9:48 am to stout
I don't believe it. Most trucking companies will add a fuel surcharge to offset the higher fuel prices. It doesn't make sense.
Posted on 11/1/21 at 9:49 am to roadGator
Same.
Posted on 11/1/21 at 9:49 am to RockyMtnTigerWDE
quote:
I don't believe it
Read the thread. You have two guys that do it literally backing up what is in my OP.
Posted on 11/1/21 at 9:51 am to RockyMtnTigerWDE
quote:
I don't believe it. Most trucking companies will add a fuel surcharge to offset the higher fuel prices. It doesn't make sense.
Inflation baby!
Posted on 11/1/21 at 9:52 am to the808bass
I may end up taking a sabbatical and run campers from Indiana to delivery location.
My wife has one more year of grad school and my kids are grown.
I think it would be fun for 6-12 months.
My wife has one more year of grad school and my kids are grown.
I think it would be fun for 6-12 months.
Posted on 11/1/21 at 9:52 am to stout
I don't want to hear shite from these Truckers about Fuel prices
Trucks are charging $3-4 dollars per mile on all routes. That's double what it was 18 months ago. How TF is he not making money right now?
Fuel Prices were higher a few years ago and we were only paying $2-3 Per mile
Trucks are charging $3-4 dollars per mile on all routes. That's double what it was 18 months ago. How TF is he not making money right now?
Fuel Prices were higher a few years ago and we were only paying $2-3 Per mile
Posted on 11/1/21 at 9:53 am to stout
If Tesla can get its trucking fleet operations going, that will be a boon to the industry. Drivers will still be needed because no insurer will cover a self-driving fleet, lowering fuel costs and probably allowing for longer hauls.
Posted on 11/1/21 at 9:54 am to stout
Have insurance prices gone up, like everything else?
I find it hard to believe that truckers can't make it now, when many were making 6 figures recently.
I don't think diesel fuel prices have skyrocketed in price, like 87 octane fuel has.
Maybe I'm wrong about that. I just recall seeing diesel fuel still being expensive last year ( compared to regular fuel)
I find it hard to believe that truckers can't make it now, when many were making 6 figures recently.
I don't think diesel fuel prices have skyrocketed in price, like 87 octane fuel has.
Maybe I'm wrong about that. I just recall seeing diesel fuel still being expensive last year ( compared to regular fuel)
Posted on 11/1/21 at 9:57 am to East Coast Band
quote:
I don't think diesel fuel prices have skyrocketed in price, like 87 octane fuel has.
But it has. I put $85 in the F250 Friday and that was only because the station has an $85 limit. I could have reset the pump and it probably would have taken another $10 to top off the entire way. I was filling it up for around $60 under Trump.
Posted on 11/1/21 at 9:57 am to stout
Every owner op I know gets a fuel surcharge from most customers.
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