LTL Industry Shrinks 24.4 Percent

Total U.S. LTL revenue down to $25.2 billion in 2009, study showsThe less-than-truckload industry shrank 24.4 percent in 2009, as total U.S. LTL revenue plunged from $33.3 billion to $25.2 billion, according to an industry study.The recession triggered by the 2008 global financial crisis spurred the worst decline in freight revenue in several years, the study by SJ Consulting Group revealed.The