Stay Up to Date on the LTL Industry
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 .
The explosion in online shopping sparked by the pandemic has made a marked impact on the LTL industry. As online shopping grows, demand for LTL trucking has increased significantly, putting stress on an already-burdened industry. To better understand the state of the LTL industry, we teamed up with BlueGrace Logistics to survey shippers about their approaches to LTL trucking in today’s environment.
Download our report to learn more: Evolution of LTL
Last Friday, December 6, FreightWaves reported that Celadon intended to file Chapter 11 bankruptcy and now the company has made it official. On the surface, it sounds like Chapter 11 will give hope to at least some of the 4,000 employees at the company. Chapter 11 is the process used to describe a restructuring where […]
A number of trucking companies are expanding and/or upgrading their terminal systems.
Saia, Old Dominion fourth quarter updates show that one may be gaining at the expense of the other
Market Expert David Faulkenberry writes about the increasingly important “final mile” and why estimates of its size vary so widely.
Moving to a fixed quarterly RFP program with brokers has added consistency, accuracy and reliability to Bumble Bee’s relationship with intermediaries
Jim Blaze writes about the Alameda Corridor in Los Angeles, that takes some of the freight from the harbor to distribution centers. Is it still economically viable?
Freightquote by C.H. Robinson brings Robinson’s information advantage, capacity, and technology to small businesses.
Meet David Faulkenberry, FreightWaves final mile market expert, who joins the company’s deep bench after a storied career at XPO Logistics, 3PD, HomeDirect, GeoLogistics and more.
Mountain Valley Express, a less-than-truckload carrier headquartered in Stockton, California, has been acquired by an international buyer.
For anyone in and around the Corn Belt in 2019, the lasting effects of this spring’s flooding are still front and center in everyone’s mind. The economy has been impacted as two of the area’s largest industries have been hit the hardest – agriculture and transportation. Farming and freight are indelibly tied in this part […]
ArcBest posts weak third quarter numbers for asset and non-asset units
YRC’s third quarter earnings show weakness at regionals, some resiliency at YRC Freight
Biesterfeld: “We expect that North American routing guides will continue to reset at lower prices.”
Fleet Advantage says that data supports shorter trade cycles for trailers, allowing fleets to benefit from newer technology.
While Hyundai’s HDC-6 Neptune hydrogen truck concept garnered most of the attention on Monday at the North American Commercial Vehicle Show in Atlanta, it was not the only innovative product the global automaker showed off. Hyundai Translead, the company’s trailer division, showcased a refrigerated trailer concept that utilizes liquid nitrogen for refrigeration. Unlike the hydrogen […]
XPO Logistics stays ahead of macro weakness as net income, EPS jump in q3
Engines in Australian trucks may have been modified to allow them to break speed limits. Australian police have been reading premises across the country. In other Down Under News: APE eats up AHG; new boss for Orcoda; mobile phone driving surveillance laws; broken bridges; accident black spots; corporate debt.
Forward Air management guided for negative EPS growth in the fourth quarter.
Old Dominion posts first year-on-year revenue drop in 3 years as macro weakness hits home
Determining freight class is a key to shipping freight successfully. Learn more about the processes involved in this article.
Charley Dehoney writes about Jelani Hawkins, a former NFL player who has gone into trucking. Read about his new career.
Brexit is now only two weeks away but the dangers facing truckers and shippers continue to mount.
FedEx Freight goes national for its last-mile heavy freight deliveries
YRC Worldwide morphs into four U.S. divisions, 17 operating areas in effort to streamline operating structure
SMC3 has set its sights on providing data services to truckload after decades of serving LTL exclusively
Spain’s road transport sector faces a “profound” shortfall in drivers, says IRU
The 2019 Top Companies for Women to Work in Transportation also were recognized at the Women In Trucking conference.
YRC merges terminals in northern Michigan in first step of network optimization plan since landing new financing
Less-than-truckload volumes to continue to be pressured by weak September ISM report
The company is following through on a pledge to acquire 1,000 branded intermodal containers by the end of 2020.
Australian logistics continues to be dangerous for workers: a man was tragically crushed to death last week. In corporate Australia, companies are winning contracts. Meanwhile, trucks might get bigger in Australia, following an official recommendation.
Michael Welch dies. Had co-founded forerunner firm to what is now XPO Logistics
Ashley Furniture, Kellogg, Republic Plastics and Transport America are reducing empty miles and gaining support for sharing trailer space.
XPO Logistics may be getting back in the M&A game
Perception may not be reality, according to the American Transportation Research Institute, which says “discrimation” is the wrong word to use.
Technology is posed to assist the LTL shipping sector and in some cases, already has.
Saia’s expansion in the Northeast U.S. had its risks but appears to be paying off
Boris Blanche, managing director of the International Road Transport Union, believes upskilling, better recruitment practices and semi-autonomous trucking can help address the shortfall of drivers.
FedEx posts lousy fiscal q1 results but insists that the long-term outlook remains bright
FedEx passes on peak season surcharges but will hit the outsized stiff hard. Rates also to rise for 2020 services.
A. Duie Pyle extends service to the West Coast through partnership with Oak Harbor Freight
YRC Worldwide announces new debt financing agreement. The latest step in it’s latest restructuring.
Decision could make it easier for employers to make unilateral work-rule changes
Acquisition of Panalpina creates one of the world’s largest transport and logistics companies.
C.H. Robinson’s Bob Biesterfeld and Uber Freight’s Lior Ron will headline the Townhall Series at the upcoming CSCMP EDGE 2019 conference. The pair will discuss the changing nature of freight and address how technology is making that happen.
Roadrunner Transportation Systems announced that it has found a replacement for its chief financial officer role as the restructuring continues.
SONAR provides real-time data on Dorian’s progress and forecast, along with likely and actual impacts to transportation and energy infrastructure.
Even with all the publicity about the electronic logging device mandate, this year’s Roadcheck safety blitz in June still saw 37.2% of drivers placed out-of-service done so because of hours-of-service violations.
Old Dominion, ArcBest report sluggish monthly
Retailers of heavy goods like furniture face the same e-commerce delivery pressures as retailers shipping parcels, survey finds
FedEx Freight expands its last-mile delivery network to 19 US markets
Using data from FreightWaves SONAR, economist Ibrahiim Bayaan writes about the state of the U.S. retail market and what is ahead for this key sector.
FreightWaves chief analytics officer Dean Croke – who has also driven more than 2 million miles behind the wheel of heavy-duty trucks – previews Copilot by Pronto.
Women In Trucking will honor transportation firms at its Accelerate! Conference & Expo.
Logistics provider LBC Express (PSE: LBC) of Manila, the Philippines, has reported a massive rise in revenues in the second quarter of 2019 but a big slump in net profit after tax.
The new IMO regulation reducing ships’ sulfur oxide emissions aims to improve the health of the environment and human population, especially near coasts and ports. This also means increased costs and a shift in strategies for maritime shippers. A panel at the Edge 2019 conference will explore these regulations and their predicted effect on logistics.
Ohio-based container yard/terminal management software system Depot Systems has today been bought by Sydney, Australia-based WiseTech Global (ASX: WTC) for an undisclosed sum.
Australia’s road transport industry has a way to go in ensuring gender equity. Research has found that female workers encounter misogyny, bullying and discrimination. In other Down Under Trucking news: mistake is no defence to trucking crime; supermarket boosts safety after loading dock death; logistics giant snaps up drayage business; CTI Logistics expects a small profit.
FreightWise found a sweet spot in SaaS-based parcel and LTL managed transportation.
Global logistics provider Agility (DFM: AGLTY) reported a 20 percent increase in net profit for the second quarter of 2019. Agility reported a more modest rise in revenues.
FreightWaves, the industry-leading provider of 24/7 news, data and analytics for the global freight and logistics markets, announces the start of the nomination process for the 2020 FreightTech 100 Awards. “The 2019 FreightTech 100 Awards were a great success,” stated FreightWaves CEO Craig Fuller. “More than 500 companies were nominated for the awards, and those […]
A long-term strategy to maintain pricing discipline has propelled the once-damaged LTL sector to one of its best decades ever.
The FreightWaves Freight Intel Group’s latest research shows that a freight recession is taking place.
Volatility appears to be the only certainty for transportation stocks as trade concerns loom. The transportation stocks walked through a less than stellar earnings season, but renewed trade concerns has them bouncing about.
Atlanta is building Spaghetti Junction II. UK drug companies will take matters into their hands to get goods to market in no-deal Brexit; YRC consolidation is key to survival
If YRC Worldwide, Inc.’s (NASDAQ:YRCW) second-quarter results could talk, they would tell investors and shippers to give them the benefit of the doubt. But after a disappointing quarter, an equity price that’s down nearly 80 percent in the past 12 months, and a model that has destroyed untold amounts of wealth in the past 14 […]
Trucks are omitted from a study analyzing congestion pricing options; YRC scraps satellite radio in cabs; FedEx drops Amazon in dollars-and-sense decision
Old Dominion reported continued LTL volume weakness in July. Near-term volume relief may be hard to come by as domestic and global macroeconomic trends remain tepid.
In partnership with Slync… learn about how predictive exception management can keep freight flowing smoothly.
Empty miles are a billion-dollar problem for trucking fleets, but are they more of a problem than they were in 2002? Recent headlines indicate they may be, but they may not tell the true story.
CARB is making $40 million available in the form of vouchers to reduce emissions. Eligible equipment includes everything from rubber-tired gantry cranes, to airport cargo loaders to truck and trailer refrigeration units.
XPO second-quarter results allays analyst concerns as it navigates through a tough top-line
XPO Logistics posts flat second-quarter revenue, exceeds estimates on EPS, cash flow
The new tariffs, announced a day after the Fed cut rates, will affect mostly consumer goods.
Morgan Stanley, Susquehanna, and Deutsche Bank cut their price targets; Stifel maintained.
A roll-out of the much-hyped 5G telecommunications technology will not in itself revolutionize logistics, says Paul Soong, regional director of BluJay, which provides a wide variety of management software for the logistics and transport industries. Better management of business is the key.
When deploying a TMS, it’s important to understand what you want it to do, but also what it can’t do for you.
While many fleets and drivers are using ELDs, there are still some using AOBRDs, and time is quickly running out before the December deadline to switch arrives.
Saia Inc. (NASDAQ: SAIA) reported that its revenues and operating income were up in the second quarter of 2019. Headquartered in Johns Creek, Georgia, the less-than-truckload (LTL) carrier reported an 8.3 percent increase in revenue to $464.2 million and a 23.1 percent jump in its operating revenue to $51.2 million in the second quarter. Saia, […]
Matching tractors to trailers could improve efficiency and lower costs for trucking fleets is among the concepts that vehicle engineers continue to chase, but the North American freight system might not be able to benefit from these advancements.
CHRW grew net income by 6.3% but increasing earnings per share by 8% with buybacks.
ArcBest posted flat to down second quarter results as a weak LTL macro environment and too much truckload capacity hit its two main units.
Idle-reduction technology is still not being used by all fleets, despite laws and clear benefits of such systems.
eBay’s Managed Delivery will outsource warehousing, transport, and packaging services.
Convoy says a study of its data shows that carriers in its network are safer than industry averages and have fewer cargo claims than the average carrier.
Donald Broughton writes that as goes the freight sector goes the economy in this commentary.
E-commerce packages are flooding the U.S. The vast majority contain legal products, but U.S. Customs and Border Patrol worries about those that contain illegal or dangerous products.
New equipment will allow U.S. Customs and Border Protection agents inspect up to 50 trucks per hour along the U.S. borders with Canada and Mexico.
Denser shipments and higher prices combined for a 6.9 percent improvement in revenue per LTL shipment.
Company’s best-in-class model will be tested as LTL conditions remain soft
Old Dominion posts record q2 results as cost management offsets weak demand
After years on the transport mat, next day air flies off as UPS volume surges
U.S. next day air volumes set the pace for UPS’ second-quarter results
Ecommerce continues to grow and Amazon and its competitors continue to innovate and grow. Read insight into the phenomenon by Anothy Smith.
FreightWaves Freight Intel Group predicts an increase in trucking company failures in 2019. Read why they make that prediction in this article.
USPS’ pension problems could cost it more than money. CO2 as a KPI for freight? CPG edible firms need to start going online
Dothan, Alabama-based AAA Cooper Transportation said it will start offering a free GPS shipment tracking system to its customers starting on July 28.
Sandeep Kar has written a thought-provoking article about changes in trucks and how those changes affect truck drivers. He also writes about what the future may hold for truck drivers in the coming years.
Getting concert tours to where they need to go is a specialized gig
Michigan State University and the FreightWaves Freight Intel Group have developed research on spot market freight. Read about that research here.
