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.
C.H. Robinson CEO Dave Bozeman focused on process and costs when meeting with analysts at the TD Cowen conference Thursday.
