Coming off of a year that was clearly unlike any other we’ve ever seen, the truckload (TL) market appears to have largely weathered the storm on solid footing at the halfway point of 2021. With more people receiving vaccinations, coupled with stimulus funding leading to increased consumer spending activity, the truckload market continues to see a flurry of high levels of demand, elevated rates giving carriers the upper hand, and ongoing capacity issues due largely to the seemingly endless driver shortage.
And while market conditions have improved when compared to a year ago, there’s still a long way to go before things get back to a point of market equilibrium.
