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Hercules Ag

INFLATION AND RATES.
Posted Wed, Jun 14 2023 09:48 AM CST
BO CARPENTER
BO-TOM ENTERPRISES LLC
CENTERVILLE , IA
515-601-7304
Posts: 6 		Let's not be so hasty dropping rates just yet. In this volatile time with a volatile and highly fluctuating fuel market, I believe it is wise to remember that inflation is still on the rise. We are paying nearly double price for equipment repairs,(labor rates @ dealerships and repair shops) parts prices are 50% more than a couple of years ago, and the cost of trying to retain good drivers is much higher than ever. Our rates should be going up, not down, in this highly volatile economic climate. So make sure that you keep these things in mind when you are negotiating rates with brokers, buyers, etc. Remember what we do and what we have to do to be successful in the livestock Transportation industry. We do double the work of a freight Hauler, and we risk so much more for not much compensation, as it is. Rates need to reflect what's expected of us and everything we put on the line. In closing, just keep in mind that if everything else is costing more with such high inflation, so to should our rates, as to reflect the rising need, and cost of the value we all hold in this industry. REPLY REPLY WITH QUOTE
Posted Fri, Jun 16 2023 06:49 PM CST
KEN KOHLHOF
K DOG TRUCKING LLC
DANNEBROG , NE
308-380-7777
Posts: 2
Originally Posted by: BO CARPENTER
Quote: "Let's not be so hasty dropping rates just yet. In this volatile time with a volatile and highly fluctuating fuel market, I believe it is wise to remember that inflation is still on the rise. We are paying nearly double price for equipment repairs,(labor rates @ dealerships and repair shops) parts prices are 50% more than a couple of years ago, and the cost of trying to retain good drivers is much higher than ever. Our rates should be going up, not down, in this highly volatile economic climate. So make sure that you keep these things in mind when you are negotiating rates with brokers, buyers, etc. Remember what we do and what we have to do to be successful in the livestock Transportation industry. We do double the work of a freight Hauler, and we risk so much more for not much compensation, as it is. Rates need to reflect what's expected of us and everything we put on the line. In closing, just keep in mind that if everything else is costing more with such high inflation, so to should our rates, as to reflect the rising need, and cost of the value we all hold in this industry."

Pretty good businessman talking here. He’s run the calculator and he knows. Couldn’t agree more. 		REPLY REPLY WITH QUOTE