The uncertain economy is wreaking havoc for less-than-truckload carriers. Declining volumes are causing unprecedented overcapacity and aggressive pricing reductions, while some shippers are shopping based primarily on price in what many experts are calling the worst market ever for the industry.These market conditions forced a number of companies to cut salaries, staff, and even 401K matches. Yet, despite these draconian market conditions, LTL providers are finding innovative ways to stay the course while awaiting a lifeline from the economy. Full Story......
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