Less-than-truckload shipping

And that CAS data point certainly supports that.

And August was actually the first month where we've had truckload, LTL, and intermodal volumes all flashing positive for the first time this cycle.

And so the breadth, it has improved in the freight economy.

So that's definitely a good sign.

But all the same, encouraging to see.

We've always talked about how...

That's beneficial for the LTL market, to be sure, in addition to retail slash CPG.

But how do you sort of view what the ISM data is telling us in light of what's happening out there? And your cash report also speaks to a lot of this as well, I think.

And, you know, large fleets have the ability to be able to renegotiate contracts or, you know, specific routes.

And this is dependent, very dependent on the application and whether it's LTL over the road or whether you have a specific fleet that does a specific application, whether it's cement mixers, dump trucks, you know, into your construction equipment type of situations that it differs between fleets.

all of them but regardless at the end of the day you know there's still a cost to operate a diesel truck you know and that number one cost is going to be fuel you know first and foremost and after that you've got maintenance and the older your equipment is the top you know top of the the actual maintenance side of it um it's it's those costs are going to continue to just arise

Yeah, I imagine.

I don't think people appreciate the procurement process that haven't been doing it, uh, for a long time, so I totally agree with you there.

And I see, too, that you, you just bought LT, you just brought LTL.

You brought ProcureOS into the, into the platform.

I'd love to hear, number one, about that, because I'm an LTL guy.

Yeah.

And then what's next on the agenda there once you build that out?

So, you know, LTL is a, is an obvious next step for, for the team.

Uh, I can't take credit for that.

So, you know, freight is really tough for us.

We have a ton of LTL customers.

It's refrigerated and our product is very, very heavy.

So we weigh out a truck.

But the trucks are very inexpensive in terms of revenue for us.

So part of it was we're just large enough to where we got more pallets on a truck.

Our business shifted a little more into full truck load business instead of LTL.

So that was that was a real key one for us.

They had gone public in 1990.

In '91, I think it was, there was a unionized, uh, LTL carrier, uh, down in Arkansas called Jones that ha- was over-levered.

They filed bankruptcy, and American Freight, back then it was Arkansas Freightways, pre-American Freightwaves, the stock more than doubled the very next day, and then they ended up having an earnings of-

Because of the bankruptcy.

Because of the bankruptcy.

A, uh, uh, unionized LTL carrier in their backyard-

Went under

... and went under.