Stay Up to Date on the LTL Industry, brought to you by Old Dominion Freight Line.
Less than truckload (LTL) refers to shipping services for relatively small loads of freight (typically between 150 and 15,000 pounds). One of the main benefits of the LTL industry is cost efficiency. LTL trucking allows shippers to combine several loads going to the same facility into one truck, creating economies of scale, with each shipper only paying for the space they use. On the flip side, LTL shipping can take longer to plan and organize. Shipments may also take longer since the truck has to be filled before it leaves and may have to make multiple stops or transfers on the way to a given destination.
For more information on Old Dominion Freight Line, click here.
Manufacturing activity remained in expansion territory for a ninth consecutive month in September, but supply executives flagged rising costs as a primary concern.
Less-than-truckload carrier XPO has added new service centers in Arizona and Missouri, bringing its North American terminal count to 300.
Estes Express Lines is deploying nearly $56 million into terminals, equipment and capacity serving Mexico, Canada, Alaska, Hawaii and Puerto Rico.
Less-than-truckload carrier FedEx Freight named Mike Rodgers as chief commercial and technology officer, following the recent termination of an executive.
ArcBest saw a modest acceleration in year-over-year tonnage growth during August as shipment weights surged.
Less-than-truckload carrier XPO remains positioned to hit its third-quarter guidance after releasing its August operating metrics Thursday after the market closed.
August year-over-year tonnage growth accelerated for less-than-truckload carrier Saia, aided by a softer prior-year comparison than in July.
Old Dominion Freight Line’s August update showed an acceleration in yield growth, with volumes closing in on positive territory.
FedEx Freight announced that it has terminated Chief Specialized Services and Commercial Officer Mike Lyons, who was appointed to the role ahead of the company’s spinoff from FedEx Corp.
Bankrupt Yellow Corp. has reached a deal to settle outstanding claims from pension funds, bringing an end to a three-year legal battle and clearing the path for creditors and former employees to get paid.
Following other recent network investments, less-than-truckload carrier Averitt announced Thursday the opening of a 100,000-square-foot distribution and fulfillment facility in Jackson, Mississippi.
Less-than-truckload carrier TP Freight Lines failed to make payroll and has suspended operations, a memo from the Teamsters said.
XPO has had its debt rating upgraded by S&P Global Ratings.
BlueGrace Logistics announced it has acquired Idaho-based 3PL Truk TMS.
Forward Air reported its best quarterly performance since its early 2024 acquisition of Omni Logistics.
July’s manufacturing data showed strength not seen in the past four years, a trend that bodes well for less-than-truckload carriers.
Shares of less-than-truckload carrier Saia fell on Thursday as a weaker-than-expected third-quarter margin outlook overshadowed a second-quarter report that surpassed expectations.
Less-than-truckload carrier XPO is seeing the fruits from several initiatives focused on improving freight selection, raising yields and streamlining workflows.
Old Dominion is positive enough about the rest of the year that it will ramp up capital spending.
ArcBest’s second quarter highlighted improvements in operations across its business units.
