A new report shows the uneven effects of continued demand and capacity imbalances playing out across multiple transportation modes. AFS Logistics, a third-party logistics (3PL) provider, along with TD Cowen, announce the third quarter 2024 release of the TD Cowen/AFS Freight Index, a snapshot with predictive pricing for truckload, less-than-truckload (LTL) and parcel transportation markets. While LTL carriers are holding the line with pricing discipline, parcel rates are showing the effects of aggressive discounting and excess truckload capacity continues to suppress a pricing recovery. “The current state of freight markets empowers shippers to wield pricing power and re-evaluate how to best make use of logistics networks,” says Tom Nightingale, CEO of AFS. “Carriers, on the other hand, continue to step up the sophistication and nuanced defenses of their revenue streams, with subtle and frequent ancillary price increases.”
How stagnant demand impacts truckload, parcel and LTL, July 23, 2024,