Less-than-truckload rates hit a new high in the fourth quarter “as carriers flex[ed] pricing power despite limited demand,” a quarterly report from 3PL AFS Logistics and financial services firm TD Cowen said on Wednesday. Rates are expected to cool modestly in the seasonally weak first quarter. The LTL rate-per-pound component of the TD Cowen/AFS Freight Index stood 67.9% above its January 2018 baseline during the fourth quarter. That was 100 basis points higher than the third quarter and 490 bps higher y ...