With the shutdowns mid-March through April, the LTL carriers are starting to see an improved demand in May. The month of April showed volumes for some trucking companies down by nearly 20 percent. The reported improved May numbers are showing signs that the US is starting to take positive steps toward economic recovery as some businesses are coming back online and operational.
Per the Journal of Commerce’s discussions with investment analysts in April and May, the LTL trucking carriers advised the biggest drop in freight volumes came from manufacturing related cargo which ranged from 10 to 25 percent as the business closures and stay at home orders interrupted the industrial industry.
As we begin to move to the next phase of the re-opening process as outlined by our Pennsylvania governor, we hope these positive trends continue not only for the LTL carriers, but for the ocean and airline carriers as businesses begin to resume operations.