Trucks hauling frac trailers are selling for 30% LESS than they were 6 months ago.
Read that again.
Equipment auctions are liquidating entire fleets. Cleveland Lease Services...gone. Lone Star Directional...gone. Superior Energy Auctioneers can barely keep up with the fire sales.
"There are more rigs than work."
Here's the reality nobody wants to say out loud:
Oil is under $60/barrel. The EIA says it's averaging $51 in 2026. At these prices, operators aren't drilling...they're cutting. Fewer wells = fewer loads. Simple math.
The Permian is cracking. Idled rigs stacking up in stockyards. Tool shops in Odessa seeing 25% drops in sales. Even the restaurants where roughnecks eat are emptying out as guys get laid off.
If you're hauling oilfield loads, you already know. Rates are down. Loads are drying up. And nobody's promising a turnaround anytime soon.
This ain't fear mongering. It's math.
The guys who make it through this are the ones paying attention right now. Not the ones pretending everything's fine.
Stay sharp.