Shane Ferrozzo

No bio

[Craig Fuller 🛩🚛🚂⚓️ @FreightAlley]

"Worst freight market since the Great Financial Crisis."

This statement is common across social media. Now we have some evidence to support it.

The worst trucking market prior to the current one was in 2019, the "Trucking Bloodbath." At one point, 10 large trucking companies filed for bankruptcy in a single week.

New England Motor Freight (NEMF)'s bankruptcy opened the year (3000 employees) and Celadon (5500 employees) ended it. There were hundreds in between.

The current trucking spot rate is below the 2019 seasonal equivalent. While this alone is bad, the worst news is that operating costs for trucking companies (not including fuel) are up more than $.30/mile in that same period.

On a cash flow-adjusted basis, spot rates are down to $1.19/mile & this does NOT include any increases in the cost of capital to finance operations.

[Shane Ferrozzo @S_ferrozzo]

@chunks227 @JamieErdahl Eli is a HOF and clutch but is he Brady or Mahomes maybe I’m wrong on eli

[Shane Ferrozzo @S_ferrozzo]

@chunks227 @JamieErdahl Add Payton manning his last season into that he was bad that year at the end , and I’d throw Eli into the not elite QB category just my opinion he rode a defense

[Shane Ferrozzo @S_ferrozzo]

@FreightAlley Do you track fleets exiting the market / canceling? 1 truck owner ops on their own authority count equal to a legit full scale trucking company entering market? Shocked to see this still increasing in the current market decline.

[Shane Ferrozzo @S_ferrozzo]

@FreightAlley I am starting to see minor dip in open deck in spot market the last 6 weeks but not as drastically as Van

[Shane Ferrozzo @S_ferrozzo]

@FreightAlley This is Van / reefer specific or includes open platform also?

[Chris Snow @ChrisSnowCGY]

On this day 81 years ago Lou Gehrig died. At age 37. Across @MLB he will be honored, a grim reminder that were he diagnosed today his fate would be the same. Please watch this. Share this. Participate. Challenge others. And visit https://t.co/WV7nTupcLD to give. #weaksidestrong

[Golden State Warriors @warriors]

Steve Kerr on today's tragic shooting in Uvalde, Texas.

[Shane Ferrozzo @S_ferrozzo]

@FreightAlley Open deck still busy and still lots of part issues holding up 100% production from plants never seen it swing so fast back and forth and quickly

[Shane Ferrozzo @S_ferrozzo]

@FreightAlley Huge opportunity to capitalize on the inefficiency that is O/O trucking #bigbrands

[Shane Ferrozzo @S_ferrozzo]

@MikesStadiumSC @PaniniAmerica @Topps @Leaf_Cards @UpperDeckHockey @theantedwards_ @AnthonyFerrozzo

[Bleacher Report @BleacherReport]

.@theantedwards was autographing basketballs with time still left on the clock 😂 https://t.co/5pFnzainZz

[Shane Ferrozzo @S_ferrozzo]

@DohnJoe21859104 @BenDeryKARE11 @kare11 16’’ in Eagan

[Bill Simmons @BillSimmons]

Mike Zimmer can’t coach another game.

[Shane Ferrozzo @S_ferrozzo]

@TherealWadeO @PaulCharchian Agree

[Shane Ferrozzo @S_ferrozzo]

@relientK @ledtear Same as the odds they play Candy Hearts in Minneapolis I hope tbh

[Shane Ferrozzo @S_ferrozzo]

@FreightAlley Does a decline in tender rejection have anything to do with RFPs being done in period of time a hot market = higher contract rates in place with shippers even for a low cost carrier

[Shane Ferrozzo @S_ferrozzo]

@NWSTwinCities @jeremy_lutz @NWSTwinCities @jeremy_lutz cliff and Lexington in Eagan @kare11 @WCCO