Tariffs and a decline in manufacturing are anticipated to further reduce demand for truckload services.

Truckload demand is expected to continue declining due to tariffs and economic pressures, with estimates suggesting a 1% tariff increase could reduce demand by 0.15% and a 10% increase could lower it by 2%. This decrease in demand correlates with rising consumer prices leading to less purchasing. The Port of Los Angeles has reported a 5% year-over-year decrease in cargo volumes. Additionally, manufacturing activity is declining, contributing to a stagnant truckload market. Industry analysts warn that ongoing economic challenges may prolong the freight recession experienced since 2022.