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Trucks, Trailers and Hauling for Shows

Fastenal price hike!


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  #1  
Old 01-19-2019, 04:12:39 PM
Andrew Mackey Andrew Mackey is offline
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Exclamation Fastenal price hike!

My son in Colorado wanted to ship out his personal belongings from NJ to CO. He told me that he just found out that Fastenal has hiked their prices by 60% as of January! He is now planning to rent or buy a trailer and haul it himself. Any other shippers hiked their rates so much? They wouldn't give him a reason, but fuel costs and a lack of drivers and trucks may be issues.
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Old 01-19-2019, 05:27:43 PM
Doug Tallman Doug Tallman is online now
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Default Re: Fastenal price hike!

I saw on another forum someone was claiming they were being pressured by the bigger shippers. Don't know how true it was. Somebody at the top probably figures it's a way to increase revenue.
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Old 01-19-2019, 05:33:44 PM
CharlieB CharlieB is offline
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Default Re: Fastenal price hike!

Yes, there is a driver shortage.
I have a relative who is a long-haul truck driver. His company is desperate to hire drivers.
He has learned that nationally there are currently 37,000 vacant driving jobs available.
Wages and working conditions are poor, and the industry is not attracting new blood.
Owner-operators are also becoming scarce because government regulations have driven the cost of purchasing and operating a truck so high.
Caterpillar engines used to be the standard of excellence for big rigs. No more......
https://www.todaystrucking.com/cater...gine-business/
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Old 01-19-2019, 06:07:26 PM
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Firewoodguy Firewoodguy is offline
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Default Re: Fastenal price hike!

Andrew, you're right. 6 months ago I could ship a 400 lb engine from WA to PA for $175 and the price now would be about 400-425 from what ive gathered. Tell Jr I asked about him and still have that ericsson 2" kit I hope to have finished soon.
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Old 01-19-2019, 06:51:07 PM
K-Tron K-Tron is offline
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Default Re: Fastenal price hike!

Three months ago I inquired about shipping a 30" cube weighing 300lbs from Alaska to Long Island via Fastenal and was quoted $950. There is just no way, the contents arent worth a third of that. I have used Fastenal quite a bit over the years throughout the continental USA and they have been quite affordable. A 60% increase in shipping rates is going to stop people from using them. I suspect most will jump to YRC and the like.

Chris
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Old 01-19-2019, 07:41:21 PM
uglyblue66 uglyblue66 is online now
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Default Re: Fastenal price hike!

Call me dumb as a rock but if they were making money driving an otherwise half empty truck at the old rate,why would they "take pressure" from other companys to increase thier rates? Now they have shot themselves in the foot and will be driving half empty trucks and will have to go up on their products to cover fuel cost and such instead of using the empty space to take care of it. DUH.
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Old 01-19-2019, 08:02:56 PM
Pat Barrett Pat Barrett is online now
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Default Re: Fastenal price hike!

The local wholesale marketer that sells to the convenience stores and restaurants is constantly running radio ads saying they have new business and need more drivers, even with like a sign on bonus. Seems there is a shortage of drivers and a shortage of decent pay for them. I'd bet the good paying companies are the ones charging the higher rates for hauling. Many other factors play into rates, fuel prices, state and federal regulations, which tighten each year. It's almost not profitable to be a owner operator, any more, All you do is break even.
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Old 01-20-2019, 12:54:44 AM
fyn409 fyn409 is offline
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Default Re: Fastenal price hike!

I hope that is not true. I used them for the first time a few weeks ago. Shipped and entire truck engine (850lbs) from Michigan to Texas for $200. Now the guy paid for the shipping on New Years eve, so maybe he got it at the old rate. It was a good experience and I thought a decent price. If they hiked it 60% pretty sure that will be the first and last time I use them......
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Old 01-20-2019, 08:37:31 AM
uglyblue66 uglyblue66 is online now
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Default Re: Fastenal price hike!

When gas went to 4 bucks a gallon folks raised their rates claiming fuel cost.
I can't see the honesty in raising the rates and blameing fuel cost when it has went DOWN to half that cost now.
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Old 01-20-2019, 12:15:02 PM
slip knot slip knot is offline
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Default Re: Fastenal price hike!

I asked the local Fastenal about shipping thru them and they acted like they had never heard of it. They're kinda independent bunch here. All they want to service is business' Walk ins hardly get noticed.
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Old 01-21-2019, 10:27:27 AM
TomA TomA is offline
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Default Re: Fastenal price hike!

Quote:
Originally Posted by slip knot View Post
I asked the local Fastenal about shipping thru them and they acted like they had never heard of it. They're kinda independent bunch here. All they want to service is business' Walk ins hardly get noticed.
I asked the gal at Fastenal about shipping me some cutting edge bolts when they didn't have enough in stock. She looked at me puzzled and said shipping??? I said never mind, I will order online.
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Old 01-21-2019, 10:54:11 AM
WesPete66 WesPete66 is offline
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Default Re: Fastenal price hike!

Quote:
Originally Posted by slip knot View Post
I asked the local Fastenal about shipping thru them and they acted like they had never heard of it.
Don't ask the people in the stores, they probably have never heard of it.. You have to go to the website to arrange shipping (something logistics, name seems to change). I've only used it once but would be a shame for it to go away..
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Old 01-21-2019, 06:31:04 PM
Bob Krummel Bob Krummel is offline
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Default Re: Fastenal price hike!

Quote:
Originally Posted by uglyblue66 View Post
When gas went to 4 bucks a gallon folks raised their rates claiming fuel cost.
I can't see the honesty in raising the rates and blameing fuel cost when it has went DOWN to half that cost now.
A big factor in new freight rates is that the old fashion log book has become a thing of the past. Mandatory new regulations using GPS and other tracking systems along with electronic logging to record hours behind the wheel mean that when your time is up, it is up and you must take a break. Shippers of perishable freight are having a difficult time with these new regulations. This, and a driver shortage among other factors, contribute to higher rates.
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Old 01-22-2019, 06:35:05 PM
Andrew Mackey Andrew Mackey is offline
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Thumbs up Re: Fastenal price hike!

Firewoodguy, The Rider was mine. Hope to see it running soon! I'll tell Andrew you were asking for him. Ever get that BMW running? Any new projects?
Andrew
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Old 01-22-2019, 07:32:47 PM
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Default Re: Fastenal price hike!

Ahh. It was your kit! Jr must have snuck that sale for fuel $ before he made the western trip. LOL. I think we’re about 2/3 thru the build. Next big step is making the water pump since their are no castings on that part. The bmw r50 i had on the road last fall. Got about 3 rides out of it. . Been looking for a Bulletstyle stieb sidecar with no luck. Few projects on the table when I’m not cutting/splitting firewood, 5x6 rock crusher fetched below Pburg that needs a heavy duty skid and a 76 land cruiser that needs some sheet metal work. See you in May at JT if the country is still somewhat intact.
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