by Kim Souza (ksouza@talkbusiness.net)
The less-than-truckload (LTL) market is faring better but still has freight volumes below pre-pandemic levels, according to Jason Miller, logistics professor at Michigan State University, who took part in a Journal of Commerce webcast on Oct. 24.
He also said the over-the-road full-truckload market is soft at best with October spot rates down a bit from a year ago.
Miller said the earliest he sees a recovery taking shape is last in the first quarter or early in the second quarter of 2025. He said a weaker global economy does not bode well for exports and despite the higher container volume coming into the U.S. this year, there has not been an uptick in freight demand large enough to move the needle.
