Downward shift

LTL sector revenues drop despite Yellow ‘ distortion ’

By William B . Cassidy

The US less-than-truckload ( LTL ) sector didn ’ t totally escape the freight recession in 2023 despite the dispersion of approximately 48,600 daily shipments from bankrupt Yellow to other carriers , tighter capacity and an uptick in LTL pricing in the second half of the year .

Six of the 10 largest North American LTL companies saw their revenues decline last year , according to the Journal of Commerce Top 40 US and Canadian LTL carrier rankings , prepared by SJ Consulting Group . Only 14 of the top 40 increased their revenue . rawf8 / Shutterstock . com

32 Journal of Commerce | April 22 , 2024 www . joc . com