Domestic US LTL Update
Carriers continue to keep operational restrictions in place to minimize person-to-person interaction when making pickups/deliveries which is increasing carrier operating costs, especially in the LTL market.
There are limited signs of increased volumes moving into March as restrictions are beginning to be lifted in certain areas. Reefer demand and rates are showing more signs of rising as produce season begins in California and Florida.
Even with this, it has been noted that in many markets the price differentiation between intermodal and over the road transportation has all but disappeared.
