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.
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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.
Donald Broughton’s third article about the impact of the gross domestic product and how it can be useful for business intelligence and forecasting is a must-read.
All of the carriers on Transplace’s platform will integrate with Descartes MacroPoint by January 2020.
The Port of New Orleans has reopened after Tropical Storm Barry swept through the region, although officials still stress dangerous flooding conditions for area residents.
Hurricane Barry made landfall in Louisiana on July 13, and as it did, it caused disruption to travel and cargo movement in the region.
Cowan Systems has acquired family-owned regional carrier Carlisle Carrier as it looks to strengthen its Northeast presence.
Less than truckload carrier LME has suddenly closed its doors.
Although volumes are down across modes, rails don’t need top-line growth to improve cash flows.
U.K.-based Kontainers is releasing a new version of its freight booking software platform aimed at the small and mid-size enterprise market and priced per transaction. The software-as-a-service company said Kontainers Essentials, the third iteration of its ecommerce platform, enables smaller freight forwarders “to immediately compete with new digital first market forwarding entrants.” The five-year old […]
Commentary by Bill Driegert, Senior Director of Uber Freight, explores the current and near-future of on-demand freight.
Brian Aoaeh writes about changes that need to be made to the food supply chain to deter food waste and food loss.
YRC’s CEO hints at more changes to come after it announces closing of its New Penn HQ
The next steps in turning the heart of last year’s Dynamex court decision on independent contractors into the law of the land in California takes place this week in the state’s Senate. And Joe Rajkovacz, the director of government affairs at the Western States Trucking Association (WSTA), is expressing confidence that changes in the proposed […]
Paul Tessy will oversee Canadian firm’s international segment as it looks to expand reach in the U.S.
New Penn Motor Express to close its Pennsylvania headquarters after 88 years.
This morning (July 8) Morgan Stanley’s transports equities analysts cut their 12-month price targets for most of the companies they cover, but said that following the release of second quarter earnings it may be time to invest in the cyclical stocks again. The analyst team, led by Ravi Shanker, expects second quarter results for transportation […]
FreightWaves’ Freight Intel Group has released a new study of the impact of IMO 2020 on the U.S. trucking industries (and other industries). Read what may happen to diesel fuel prices.
FedEx preaches patience and looking beyond FY2020’s results. It will be a tough sell.
Charley Dehoney has written about the growth of digital freight brokerages and what they bring to the market and the industry.
As freight conditions continue to deteriorate, along with tariffs imposed on a variety of goods and a prolonged U.S.-China trade war, some less-than-truckload carriers are closely examining their operational budget to remain competitive.
Brian Aoaeh has written a thought-provoking commentary on the impact of climate change on supply chains, and what governments, companies and startups can do to mitigate supply chain disruptions.
In March and April, Amazon handled 45 percent of its own packages.
ELDs and artificial intelligence have increased the number of opportunities for drivers by allowing for solutions that offer load matching and more.
Donald Broughton writes the second part of his look at the Gross Domestic Product (GDP) and how transportation professionals can tweak GDP numbers to better understand and forecast the business environment they are competing in.
The American Trucking Associations will steer clear of the fight over longer-combination vehicles
The FreightWaves Freight Intel Group has released another study – this one on autonomous trucking. Read what they foresee for the trucking industry and drivers in the years ahead.
FedEx sues U.S. Department of Commerce claiming trade restrictions are difficult to meet and places additional burden on common carriers to ensure shippers comply.
Purchase, combination of 2 logistics firms broadens vendor consolidation, volume LTL footprint
The FreightWaves Intel Group surveyed over 800 carriers, shippers and brokers about the entry of Amazon into online freight brokerage. Read about the survey’s results and what respondents think Amazon will do to their businesses.
The FreightWaves Freight Intel Group is producing research culled from FreightWaves SONAR and other sources. Read about its first several research papers and how to learn more.
LTL giant claims new requirements would also add costs to its in-house driver training.
Small carrier profits are about to be pressured by a large government organization and it’s not the FMCSA, DOT, or CVSA.
Working with over 100 outside carriers and brokers, Walmart (NYSE: WMT) is likely to be a shipper of choice for many already. But even one of the U.S. freight industry’s largest customers realized it could do better for drivers. The Bentonville, Arkansas-based company came in third in a field of 135 shippers for theShipper of […]
Ten regional haul fleets will participate in NACFE’s Run on Less Regional challenge to measure fuel efficiency and other metrics in real-world operation.
Final-mile providers face surging headaches to go with surging demand for large-format shipments
FreightWaves Market Expert Anthony Smith writes about the issues impacting the U.S. housing market. As important as these issues are, they have a ripple effect on other areas of the U.S. economy, including trucking.
Incentive to get safety advocates, Congress on board
Walmart has exported its on-time, in-full requirement on the international marketplace. The results are improving but there is a lot of work to do.
YRC names T.J. O’Connor as COO; O’Connor to remainas head of YRC Freight
Driver hiring includes many steps to ensure compliance, and many fleets turn to outside help to assist in that process.
Volvo and Mack used trucks are now backed by factory warranties of up to 24 months and 250,000 miles for parts and labor on certain components.
Justin Hall has left the chief customer officer post at YRC almost 3 years to the day that he took the newly created job.
Class 8 truck orders posted their worst month since July 2016, according to ACT Research, barely topping 10,000 units in May. Class 5-7 medium-duty orders followed suit
Saia’s interim report also showed a slowdown in LTL activity.
Market expert writes about how current trade issues between the U.S. and China, the U.S. and Mexico and the U.S. and the EU may disrupt supply chains and cause economic problems.
The top-paying fleets continued to increase driver pay in the first quarter, with some now paying as much as 65 cents per mile in an effort to retain high-performing drivers.
Third-party logistics providers will see their growth dented by the threatened tariffs on Mexican imports. The question is by how much?
The supply chain has become a pawn in the battle over immigration, and freight businesses are the ones who will be hurt.
Simplicity is the key in managing increasingly complex final-mile operations. That and basic blocking and tackling
LTL carrier Averitt Express has opened a large international DC near Port of Savannah to manage increased volumes at the port
Inefficient warehouse operations lead to confusion, delays and added cost. By incorporating a TMS, shippers can gain better data and improve the end-to-end process of warehouse and shipping management.
C.H. Robinson (Nasdaq: CHRW) added to its European business with the acquisition of an Italian truck brokerage. The Eden Prairie, Minnesota-based company announced it bought Dema Service S.p.A. Dema Service is a privately owned logistics company providing road transportation services across Europe. Headquartered in Pescara, Italy, Dema Service has approximately 100 employees and three offices […]
Trucks without mirrors are entering the testing phase, but they could soon become a reality.
Old Dominion has made a commitment to donate up to $250,000 to the American Red Cross Disaster Relief fund.
UPS makes largest renewable natural gas buy in history with a 170 million gallon purchase
The three stocks get an upgrade not just on Cowen’s optimistic view of the market, but by how much their prices have been hit.
Saudi Arabia Customs successfully transported a container to the Port of Rotterdam using blockchain for the packing list and commercial documents.
Consumers are increasingly purchasing furniture and other large, bulky items online, forcing last-mile delivery providers to adapt.
In an ever-increasingly connected world, the ability of systems to speak to each other is critical. Fleet Complete’s CONNVEX solution is an example of an underlying system that helps that communication, including critically, between commercial vehicles and providers.
XPO shareholders reject Teamsters union proposal to split company’s chairman and CEO roles.
Amazon has broken ground on its Kentucky air hub, which will bring 2,000 jobs and up to 100 planes to the area.
Weather can cause significant delays to freight. FourKites is trying to help solve that by adding real-time management to its products.
Forward Air names Chris Ruble COO, Matthew Jewell chief commercial officer
Expedited carriers and brokers discuss the reasons for weakness in expedited spot markets.
Kuwait, Middle East-based logistics provider, Agility, generated consolidated revenues of 378.8 million Kuwaiti Dinar (US$1.25 billion) in the first quarter of 2019, the company reported today. That’s a 1.9 percent increase on the revenues generated in the first quarter of 2018.
YRC Worldwide (NASDAQ: YRCW) reported a $31.7 million consolidated operating loss on first quarter 2019 revenue of $1.182 billion. The loss widened from a year ago and revenue fell slightly, down from $1.215 billion in the first quarter of 2018. CEO Darren Hawkins placed the blame for the revenue decline on labor uncertainty and severe […]
