The truckload industry’s downturn is “closer to the end than the beginning,” Derek Leathers, Werner Enterprises’ chairman and CEO, told investors Tuesday at the Wells Fargo Industrials Conference in Chicago. He’s encouraged that spot rates held the uptick from May’s International Roadcheck, when some operators parked equipment to avoid safety checks by law enforcement, but said the market still hasn’t reached an inflection point.
The company continues to see rate pressure in the current bid...
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