The truckload (TL) market faces tough conditions, with forecasts indicating a rate recovery won’t happen until late 2025. Currently, shippers are demanding discounts, while carriers struggle with rising costs amid excess capacity. Dry van loads have shown minimal growth, and key players are diversifying into less-than-truckload (LTL) to stabilize revenues. Despite some optimism about seasonal demand, many carriers report disappointing earnings and a decline in independent operators. The influx of new carriers since the pandemic complicates the market, leading to increased competition and challenges in achieving profitability.

Source: https://www.logisticsmgmt.com/article/truckload_market_overcapacity_continues_to_cast_a_shadow/