Less-than-truckload (LTL) demand improved through May. The acceleration was notable during the 10-day stretch heading into the Memorial Day weekend. However, the improvement comes off of a very low base that developed in April as COVID-19-related shutdown mandates resulted in most LTL carriers reporting year-over-year tonnage declines in the midteen percentage range with revenue declines in the 20% range.
These were some of the comments shared during Deutsche Bank’s call Monday on the LTL...
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