LTL Execs See Rising Demand, Rates Behind Growth in Quarterly Profits

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n a flurry of second-quarter earnings reports, many less-than-truckload carriers reported higher profits as they hauled more freight and increased freight rates in an improved economy.

Of nine publicly traded LTL carriers reporting for the three months ended June 30, most posted double-digit income or record revenue growth.

Fleet executives and transportation stock analysts said that trend should continue as the industry moves into what is traditionally its strongest shipping season of the year.

“In general, the LTL companies that we follow seem to be having good numbers,” David Campbell, an analyst with Thompson, Davis & Co., told Transport Topics.

For the full story, see the Aug. 16 print edition of Transport Topics. Subscribe today.

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