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Really great read.

I am writing this up presently and this was a fantastic resource.

Merci

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Thanks. Really interesting sub-industry — I’m looking forward to your take!

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Do you have any view on the unit economic of the LTL industry?

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What did you have in mind? LTL profitability is best measured at the whole network level and also at the terminal level.

For an individual account or a single piece of freight, the contribution margin might look positive at almost any price. But the industry today is in a good place due to the tremendous price discipline, which requires operators to look beyond the contribution margin and demand that each account helps improve the overall operating ratio.

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