Less-than-truckload (LTL) freight is in the midst of a boom. Market conditions are favorable for continued growth.
The state of LTL freight offers a grand opportunity to overcome the significant obstacles created through economic growth, e-commerce, and global markets.
Average weight per shipment is up for the sixth consecutive quarter, reports Jeff Berman of Logistics Management, and economic growth.
Use of LTL freight increased in response to shortening supply chains, emphasis on smaller, lighter loaders, tight capacity, and growth in e-commerce and the economy, says John D. Schultz of Supply Chain 24/7.
Pricing compared to fall 2017 reveals a 10-percent average increase in LTL freight rates.
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