However, recent signals suggest that the industry’s momentum may be slowing. Saia, one of the largest LTL carriers in the country, reported that demand softened late in the first quarter and into April. The company noted that total shipments were only modestly better from March to April, citing ongoing macroeconomic uncertainty as a key factor.

The broader economic environment—marked by inflation, geopolitical tensions, and unpredictable trade policies—is creating a cautious backdrop for shippers. This uncertainty is impacting volume growth and applying pressure to the rate increases that had been supporting the industry. As a result, the previous resilience of many carriers may be waning as economic headwinds grow stronger.

Industry experts agree that while demand remains relatively stable compared to other freight sectors, the current trend indicates a possible further slowdown. Steve Allen, a senior analyst at Freight Insights, explained, “The strong rate increases we saw over the past year were driven by tight capacity and high demand, but now we’re beginning to see signs of softening. The next few months will be critical in determining whether this is a temporary pause or the start of a deeper shift in the freight landscape.”

Despite these challenges, many industry leaders remain cautiously optimistic. Some expect that rate increases will level off at a lower, more sustainable level, while others warn that prolonged economic uncertainty could extend the period of subdued demand. Companies are closely monitoring macroeconomic indicators and adjusting their strategies, emphasizing cost control and operational efficiency to navigate the evolving environment.

As the industry enters this new phase, the resilience demonstrated over the past few years will be tested further. The coming months will be crucial in shaping the future of the U.S. LTL market and determining its ability to sustain growth amid ongoing economic headwinds.