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Truck Freight Might Be Seeing Bottom

Published Wednesday, May 20, 2009

NEW YORK.  Truck freight may be showing the first signs of a turnaround after 39 months of depressed freight volumes including sharp declines since last October,  according to truckload executives addressing an audience of financial analysts here. Major LTL carriers, however, reported no changes in freight levels, which have been consistently dropping since December. “The last couple of weeks have been better, not just for us, but for our competitors as well,” Steve Russell, CEO of Celadon Group, said during a panel discussion at the Wolfe Research Global Transportation Conference.  “Our billed miles have seen a meaningful improvement ...

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