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Freight Market Nears Equilibrium Amid Capacity Declines

6/8/2025

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Summary

Story summary

Analysts from Stifel and Goldman Sachs suggest the freight market is nearing equilibrium as supply and demand balance.
Carrier exits have decreased capacity in the less-than-truckload (LTL) sector, potentially enhancing pricing power.
May shipment data from Old Dominion, Saia, and XPO reveal declines of 6.8%, 5.0%, and 3.2% compared to 2024.
The market remains soft, with demand improvements anticipated to take longer.

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Story summary

Analysts from Stifel and Goldman Sachs suggest the freight market is nearing equilibrium as supply and demand balance.
Carrier exits have decreased capacity in the less-than-truckload (LTL) sector, potentially enhancing pricing power.
May shipment data from Old Dominion, Saia, and XPO reveal declines of 6.8%, 5.0%, and 3.2% compared to 2024.
The market remains soft, with demand improvements anticipated to take longer.