Due to the economy there is a huge amount of excess capacity in all aspects of transportation. LTL, Truckload, everything. Yes the truckload drivers are driving less, but they are still working. We gave up 5% of our pay and they have given up pay also, in the form of mileage.
For decades the competition of companies like ours has been companies like ours. By this I mean the survivors have lived off the inefficiencies of competitors and shippers. Shrinking markets and less route density are the biggest nails in the coffin for most carriers not surviving. For our company to survive and prosper in the next 20 years you can not look at our company as only an LTL carrier. Industry annalists believe our company is one of the only LTL carriers poised to prosper from "out of the box" thinking. To accomplish this you must figure a way to not just haul the customer's freight, but you must partner with the customer to offer a service that helps their bottom line and profitability. To do this you must be global in your market reach, flexible in the process you offer, and ready to react to innovations in supply chain optimization. Innovations in supply chain means third party logistics... Menlo, and alternatives to LTL... Truckload. Do you allow the customer to shop for these services with someone else? Or do you try to put the money they spend in your own pocket?
If you could go back to the late seventies and be a fly on the wall in the CF Board Room, what might the conversation be in strategical planning for the creation of the Con-Way companies? They changed the whole industry in 1983 and we are on the edge of changing it again. CF created a new product in response to a changing world (Japanese principles of manufacturing in America) and we are doing it again. Change is necessary and change is required for profitability.