A recent analysis by Stifel Nicolaus says less-than-truckload (LTL) rates will continue to decline into the third-quarter due to continued overcapacity in the LTL market. "With no strong rebound in demand expected, we believe pricing should continue to [decline] into 3Q09, even with much lower fuel prices/surcharges than 3Q08," the analysts say. "There remains significant overcapacity in the LTL industry."
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