Of our customers that have been able to move large portions of their volume to regional or alternative carriers, we have seen national carriers like FedEx and UPS ask for some of that diverted volume be returned to them. And for those shippers in particular, it certainly does feel like their bargaining power has been elevated (if not returned) compared to the collective shipper experience of the last two years.
However is this a pendulum swing for the entire industry? Perhaps, though it’s currently not an experience we see dealt evenly across the board. It’s certainly reasonable to assume that the national carriers are feeling the weight of a collective carrier diversification effort by shippers; however, when carriers will decide to act on that feeling is still anyone’s guess. For the LTL market in particular, this seems less likely to be the case. LTL carriers are still very much realizing their pricing power.