Liz WayneGuestIf you've been waiting for confirmation that this market is fully turned, here it is.
Year over year, broker buy rates are up 46.7% on Vann, reefer's up 48.5%, and flatbed is up 52.1% year over year.
If you were buying a flatbed load for two grand last June, that same load is costing you more than three grand a day.
This is an actual structural repricing of the market, and it's still accelerating.
So why is it happening? This is the important part because this isn't a demand story.
You've got enforcement actions taking trucks off the road, pending legislation creating uncertainty, and compliance friction that's making it a lot harder for marginal carriers to jump back into the market the way they did in past cycles.
And look, the carriers who survived the bloodbath, they're finally getting paid.
Diesel's actually come down, which helps their cash flow, but it doesn't come close to offsetting what's happened with insurance, driver wages, equipment costs, litigation risk.
The cost floor for running a truck is just permanently higher than it used to be.
Now, here's the nugget in this report that I found most interesting, the actual regional data.
If you've been waiting for confirmation that this market is fully turned, here it is.
Year over year, broker buy rates are up 46.7% on Vann, reefer's up 48.5%, and flatbed is up 52.1% year over year.
If you were buying a flatbed load for two grand last June, that same load is costing you more than three grand a day.
This is an actual structural repricing of the market, and it's still accelerating.
So why is it happening? This is the important part because this isn't a demand story.
You've got enforcement actions taking trucks off the road, pending legislation creating uncertainty, and compliance friction that's making it a lot harder for marginal carriers to jump back into the market the way they did in past cycles.
And look, the carriers who survived the bloodbath, they're finally getting paid.
Diesel's actually come down, which helps their cash flow, but it doesn't come close to offsetting what's happened with insurance, driver wages, equipment costs, litigation risk.
The cost floor for running a truck is just permanently higher than it used to be.
Now, here's the nugget in this report that I found most interesting, the actual regional data.
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