摘要: |
Freight volumes in the $83 billion less-than-truckload (LTL) market are down, yet profitability per-shipment is up. So, why is there this dichotomy in such a basic law of supply and demand? "The current state of the LTL marketplace is still very good from a historical perspective, but slowed down a bit in the fourth quarter of 2022," says Kent Williams, executive vice president of sales and marketing at Averitt, the nation's 11th-largest LTL carrier. Analysts and top trucking executives say that this current market is a conscious result of decisions made several years ago by the industry collectively. Tearing a page from parcel giants UPS and FedEx, top LTL carriers began pricing their services more accurately and with more discipline, pointing out overweighted shipments, charging for necessary accessorial payments, and generally being smarter about how they ran their businesses. |