The trucking industry is navigating a prolonged downward freight cycle, prompting carriers to focus on profitability. In Q3, the truckload market experienced a slight 1.5% year-over-year increase, while less-than-truckload (LTL) carriers prioritized yield over volume, maintaining stable prices despite economic challenges. Although LTL costs per shipment decreased slightly, they have remained elevated over nine consecutive quarters. Truckload carriers face tougher conditions with excess capacity and low rates, despite some positive economic indicators. Projections suggest a modest increase in truckload rates in Q4.

Source: https://www.supplychaindive.com/news/ltl-truckload-market-some-positive-signs-in-soft-market-td-cowen-afs-freight-index/803755/