These declining spot prices will force contract rates down too. Inflation is rising; putting idea of rate cut into trash can for 2024. Will be very interesting what happens regarding legacy carriers; after they announce dismal Q1 #’s. This is as bad as I’ve seen it as small carrier; in business since Jan 2015. We are at a low “bottom” that seems intent on persisting for months. It’s kind of fun when things are tough; aka “survival mode” vs easy times. Our finances as small carrier are as bad as they’ve ever been; but sustainable; because we don’t have equipment payments. For legacy carriers; that have constant equipment replacement pipeline; and the associated payments for this; it’s GOT to be barely sustainable, if sustainable at all. Can’t wait to see Q1 reports; and how shareholders respond. I’d yank my $ and re-buy when cheaper; which seems to what will happen.
James Bauman dba Kirplopus MC 895097
These declining spot prices will force contract rates down too. Inflation is rising; putting idea of rate cut into trash can for 2024. Will be very interesting what happens regarding legacy carriers; after they announce dismal Q1 #’s. This is as bad as I’ve seen it as small carrier; in business since Jan 2015. We are at a low “bottom” that seems intent on persisting for months. It’s kind of fun when things are tough; aka “survival mode” vs easy times. Our finances as small carrier are as bad as they’ve ever been; but sustainable; because we don’t have equipment payments. For legacy carriers; that have constant equipment replacement pipeline; and the associated payments for this; it’s GOT to be barely sustainable, if sustainable at all. Can’t wait to see Q1 reports; and how shareholders respond. I’d yank my $ and re-buy when cheaper; which seems to what will happen.