Elevated diesel prices and ongoing yield improvement efforts by less-than-truckload carriers are expected to push rates to new highs in the second quarter.
Less-than-truckload rates hit a new high in the fourth quarter while the truckload market displayed “tentative signs of recovery.”
Less-than-truckload rates maintain record levels despite softness across the manufacturing complex.
Less-than-truckload rates are expected to log a new high in the third quarter, according to TD Cowen and AFS Logistics.
The TD Cowen/AFS Freight Index showed recent trends in truckload and less-than-truckload pricing will continue for another quarter.
The less-than-truckload industry needs an uptick in demand to maintain favorable pricing fundamentals.
AFS Logistics tapped Andy Dyer as its next CEO but made no mention of the departure of its former leader.
AFS Logistics announced Tuesday the acquisition of DTA Services.
News comes days before LaserShip’s private equity parent to announce $1.3 billion purchase of fellow regional delivery firm OnTrac.
