Last ones in, last ones out; usually lose money. Pick a market and it holds true.
“Now owner-operators who overpaid for equipment stand to get burned.”
Being the perceptive individual that I am, I caught the key word in that phrase right away.
Generally, when you “overpay” for something, it ends up poorly.
If you had the money, it’s probably a great time to buy in anticipation of becoming an owner operator in 2-3 years.
Next Friday will be my 22 year old son’s last day driving for a lumberyard.
He’s going to work for a large flatbed fleet and going OTR
Unfortunately, any market is driven by what the least astute participant is willing to pay. This market, like real estate, was overrun by the least astute. Also unfortunately the least astute are usually the first to cut and run, leaving the more astute to absorb the losses.