July's 55.6% PMI highest in 4 years; LTL carriers getting bullish

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The July Manufacturing PMI reached 55.6, the highest since May 2022, indicating robust expansion in manufacturing activity and signaling broader economic growth. This positive trend is also boosting less-than-truckload (LTL) carriers, with several reporting higher tonnage volumes and improved demand sentiment, suggesting a sustained recovery in industrial output.

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