News / LTL players up their game and rates head up despite volume slowdown

Volume decline seems unable to put the brakes on US less-than-truckload (LTL) carriers, or bring pricing down as it has in other sectors – operators are upping their game, or expanding.

Forward Air increased its footprint this month with a $56.5m takeover of Land Air Express, an expedited LTL firm with more than 200 drivers and a network of more than 25 terminals, a deal expected to boost Forward’s revenues by $74m, to $94m.

“Our core LTL business is the key growth ...