Research Corner: Optimism in the warehousing and LTL markets

Tony MulveyFreight Market Blog

The warehousing real estate market, led by Prologis, continues to show strength as retailers combat elevated inventory levels, as signaled by pre-announcements by companies like Target, Best Buy and Walmart. Occupancy levels are at or near record highs while demand for warehousing space has yet to subside.

The less-than-truckload market remained strong throughout the quarter, as five of the major LTL carriers reported stronger revenue per hundredweight on a yearly basis, constituent with the double-digit general rate increases that had been announced over the course of the past year.

FreightWaves’ head of research and communities Kevin Hill and senior analyst Tony Mulvey highlight below why warehousing and LTL companies are optimistic after reporting second-quarter earnings on this week’s edition of the Research Corner.

Check out FreightWaves’ YouTube channel for more supply chain content.