Those in the industry know the United States Less-Than-Truckload (LTL) market is experiencing major growth. As the economy continues to improve and stimulate growth across multiple manufacturing sectors, in turn, there is an increase in demand for LTL shipments.
According to David Ross, LTL analyst for Stifel (SF), better times lie ahead in LTL thanks to lower taxes, reduced regulations, and increased capital spending. And already we’re seeing a clear picture of this growth, with publicly traded carriers in the $35 billion LTL market reporting a second-quarter increase of 4 percent in reported tonnage over the same period last year.
We take a closer look at the different factors driving this growth. Read more