SVB is Now In the Hands of the FDIC

[Orange95]

Two coworkers of mine run trucks. One has 9. Same thing you said. Barely breaking even. If you figure in west and tear on the truck, it’s a loss.

The other guy only has one and got hooked up with a dispatcher that has contracted loads with one company so it’s steady. He’s doing fine.


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We currently run 45 tractors and 174 trailers. So far we've been lucky with company freight and we're anywhere from 2.85-3.40 on dry vans. We have several flat and steps, but they're normally contracted through NASA or Toyota/Mazda. There's also a brokerage that runs along side our company freight, and the rates have been low to say the least.

Today the brokerage was offered a 3 pick - 3 drop for $1600 originating in south Florida, followed by NC, then TN. If I remember correctly it was roughly 1100 miles. Definitely a pass on that one.

 

[CompOrange04GT]

We currently run 45 tractors and 174 trailers. So far we've been lucky with company freight and we're anywhere from 2.85-3.40 on dry vans. We have several flat and steps, but they're normally contracted through NASA or Toyota/Mazda. There's also a brokerage that runs along side our company freight, and the rates have been low to say the least.

Today the brokerage was offered a 3 pick - 3 drop for $1600 originating in south Florida, followed by NC, then TN. If I remember correctly it was roughly 1100 miles. Definitely a pass on that one.

We have 200 flats/steps for one.. my sector has 32 flats/steps

The amount of $1.25 loads is hilarious. I look at the load boards and laugh.

Though I got some concrete barrier work 150 loads. Worked out to over 3.03 a mile, was happy about that.

 

[03cobra#694]

It all makes sense now. @CompOrange04GT got into trucking so he could get the Applebees girls transported to his place. Do you need wide load permits?

 

[CompOrange04GT]

It all makes sense now. @CompOrange04GT got into trucking so he could get the Applebees girls transported to his place. Do you need wide load permits?

Nah overweight permits only, They distribute the weight better when they are taller

****ing monkey butt

 

[DSG2003Mach1]

We currently run 45 tractors and 174 trailers. So far we've been lucky with company freight and we're anywhere from 2.85-3.40 on dry vans. We have several flat and steps, but they're normally contracted through NASA or Toyota/Mazda. There's also a brokerage that runs along side our company freight, and the rates have been low to say the least.

Today the brokerage was offered a 3 pick - 3 drop for $1600 originating in south Florida, followed by NC, then TN. If I remember correctly it was roughly 1100 miles. Definitely a pass on that one.

most of our stuff gets moved out of FL as a backhaul and that shit is dirt cheap, beats running back empty I guess (assuming it's not citrus season)

 

[Orange95]

We take a ton of Kohler/Sterling freight into south Florida, and during the produce off season we deadhead trucks up to Newlyweds in Cleveland, TN or Kerry/Kenco in Calhoun, GA. Even with the deadhead it still pays better than a 44k load of Niagra water from Florida.

 

[72MachOne99GT]

I'm confused as to where all of this chaos is heading. What are the cliffnotes to the future?

I’m with you. It’s like I went to the movies, bought popcorn, now I’m staring out the windows to the parking lot instead of picking a theatre because I can’t follow any of this.

 

[MG0h3]

Strange. Awful quiet everywhere on this topic.

Not sure if it was the fed borrowing deal that stopped the bleeding or what.


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[Relaxed Chaos]

First Republic failed over the weekend.

First Republic Bank seized, sold in fire sale to JPMorgan

Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in U.S. history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase in a bid to stop further banking turmoil that has dominated the first half of this year. It’s the...

apnews.com

 

[DaleM]

First Republic failed over the weekend.

First Republic Bank seized, sold in fire sale to JPMorgan

Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in U.S. history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase in a bid to stop further banking turmoil that has dominated the first half of this year. It’s the...

apnews.com

My distrust of banks, bankers, and those creepy used car salesmen (financial advisors) is justified each day in America.