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LTL hard-hit by recession

Published Thursday, January 15, 2009

The freight market will not recover until the end of the year at the earliest, with LTL carriers in the most dire straits because of overcapacity and weaker demand, according to Longbow Research analyst Lee Klaskow. “We don’t expect the freight market to come back until the fourth quarter of 2009,” Klaskow told FleetOwner. “The numbers are horrible right now. Whether we’ve reached the bottom point is anybody’s guess, but the first half of 2009 is going to be ugly. But it won’t be quite as bad in the third quarter, and then ...

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