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Truckload rates have skyrocketed after hurricanes Harvey and Irma battered Texas and Florida, but the higher prices will also trickle down into states nowhere near the devastation, industry executives say.

Indications are that the truckload market is bouncing back from some rough conditions earlier this year, according to industry analysts at Stifel, Nicolaus & Co.

Forward Air Corp. recovered strongly after a $10 million loss one year ago, posting a profit of $19.6 million or 64 cents per share for the three-month period ending June 30.

Covenant Transportation Group announced profits plunged 58% in the second quarter, even though the truckload carrier surpassed the low expectations of industry analysts.

Fewer shippers moved their freight from truckload to intermodal in the second quarter, but a shift could occur with the December electronic logging mandate, according to two surveys.

Truckload companies continue to struggle in the first quarter, with executives in the industry assigning blame to continued excess capacity, bad weather and a weak used-truck market.

KEY BISCAYNE, Fla. — Truckload carriers struck an optimistic tone that a turnaround in the freight industry will occur in the second half of this year.

Truckload companies posted quarterly results that outperformed the negative predictions from industry analysts, although profits were lower for some.