Heads up — one big LTL carrier just saw profits slide this quarter.
The Greenwich, Conn.–based LTL carrier reported net income of $82 million for the three months ending Sept. 30, down from $95 million in the same quarter last year. 🔻
What that means for drivers: when profits dip, companies start looking closer at costs and margins. That can show up in a few ways you’ll notice on the road — slower equipment upgrades, tighter hiring, or more pressure on pricing and accessorial charges. 🛠️📦
Practical things to watch for:
- 📉 Pay pressure: Negotiations for pay increases or bonuses may slow if the carrier tightens budgets.
- 🚚 Equipment & maintenance: Investment in newer tractors or trailers could be delayed — if you see older gear or slower repair turnarounds, that’s one sign.
- ⛽ Fuel & surcharges: Watch fuel surcharge updates and any changes to how accessorials are approved or billed.
- 📦 Lanes & capacity: Some lanes could be re-priced or consolidated — keep an eye on route changes and load availability.
If you drive for this carrier or move LTL freight on its lanes, stay plugged into dispatch, check your pay statements closely, and document detention, loading issues, and accessorials so you can dispute anything that looks off. ✍️
Share your take — have you noticed any changes with your lanes, pay, or equipment in the last few months?
Share your take. Know this before your next haul.
#LTL #Truckers #Freight #Rates