I've done just about every kind of hauling possible I guess....
I regularly ride with a messenger bag - I use it for my commute and carry clothing/lock and sometimes transport my camera back and forth. The messenger bag is fine for this. I occasionally overload it if I stop for groceries and buy heavy things, but am now very, very aware that I need to be extremely careful if I do. I was carrying my work stuff (thankfully not my camera!) plus 2 cans and a large yogurt when it threw me - I also didn't have the straps really done up properly (just a few blocks to home...... lesson learned....) I prefer a messenger bag over a backpack because the load rides lower and feels more stable - messenger bags *must* have a chest/stabilizer strap otherwise they want to spin around all of the time.
Panniers - great for carrying moderate loads - can hold a lot more than a wearable bag and carry the weight much lower. I've never experienced any shimmy or shake with panniers, but you do need to take some care about how you load them. If you have a preferred clip out foot (I always clip out on the right), be sure to either balance the load well or even weight it towards your clip out foot - if it's heavy on the clipped in side you tip that direction.....
Trailer - great for carrying a great deal of stuff or very heavy stuff. I wouldn't pull a trailer around for just a few items as the trailer itself is rather heavy, but for big stuff it can't be beat. A trailer with a good deal of weight does take some getting used to.... It does to some extent drive you and I've had the feeling of being pushed more than once. I imagine it's a bit like a locomotive - slow to accelerate and slow to stop, slow up hills but once rolling it goes fairly easily. I do everything a lot slower and more deliberately when towing - I've never and don't intend to really test out how fast the thing can corner. I do, at times, get concerned about my braking power - since I tend to pull a good deal of weight when I use it, I try to avoid very long or very steep descents and definitely have to be aware of what I'm going to attempt to scale, so using it takes a bit more route planning too. I think if I used it on a daily basis I'd want a different bike to tow it.... my cross bike is geared OK for towing, but the brakes suck.... my commuter isn't geared well to climb with 100-150 extra lbs....



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