Photo via FreightWaves
According to FreightWaves, manufacturing activity continued its expansion streak in June, marking the sixth consecutive month of growth in the sector. This sustained industrial momentum comes at a time when the trucking industry is grappling with supply-side pressures, creating favorable conditions for carriers specializing in less-than-truckload (LTL) services that consolidate shipments from multiple shippers.
The coincidence of robust manufacturing output and constrained trucking capacity suggests that shippers will likely compete for limited transportation resources, potentially supporting pricing power for LTL carriers. With manufacturers increasing production runs and inventory replenishment, demand for the flexible, cost-effective shipping solutions that LTL carriers provide is expected to remain elevated in the near term.
