Stifel Nicolaus (www.stifel.com) reported small year-over-year yield growth and but deteriorating operating ratios for publicly traded less than truckload (LTL) carriers in Q2. Decelerating yield gains may indicate that the segment has reached a plateau. The Stifel Industry Sector Snapshot for the LTL sector indicated year-over-year revenue per hundredweight (yield) increasing at an extremely low rate. Year-over-year yields for the LTL carriers have risen for thirteen straight quarters after six quarters of declining yields from Q4-2008 through Q1-2010. The pace of growth has greatly decelerated, raising concern that the sector may struggle to continue its growth streak next quarter. Year-over-year operating ratios deteriorated slightly to 95.3% from 94.7%, but improved relative to Q1 2013 and are still slightly above pre-recession levels. Weight per shipment decreased 0.1% during the quarter, but increased sequentially over Q1. Composite net income, excluding YRCW, was relatively flat with its year-ago figure.