Truckload carriers hopeful but not calling cycle turn yet

Following dismal first-quarter results, heads of two of the nation’s largest truckload fleets provided constructive market commentary at a Wednesday investor conference. That said, the long slog back to market equilibrium continues as the industry slowly purges the excess capacity added during the freight boom.

“By no means am I here saying I think we’re at a turning point or an inflection point, but I do believe, just like it took a long time to get this low and we stayed this low for this...

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