LTL Carriers See Tonnage Drop Amid Low Shipper Demand

Tonnage fell in May for multiple carriers in Q2 as sluggish demand persisted in the market.  Manufacturing woes as well as carriers’ customer makeups are affecting carriers’ tonnage and weight changes. “For now, LTL carriers are effectively navigating a low-demand environment with a focus on profitable lanes, contractual relationships and reliable freight, rather than chasing volume with pricing concessions”. Read what’s happening here.