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.
ArcBest’s firing of the founder and the CEO of MoLo Solutions is part of a reorganization to tighten sales functions across the company, it said.
The startup, led by veterans of last-mile delivery platform AxleHire, rolled out a new solution for perishable shippers.
Forward Air said Tuesday that low-teens tonnage declines over the past few months have calmed in early March.
FreightWaves, the leading provider of high-frequency data and news for the global supply chain, has launched FreightWaves Academy, an education platform geared toward teaching the ins and outs of transportation and trucking.
SCAC process can be managed online without much help from National Motor Freight Traffic Association.
ArcBest’s first-quarter update bucks the less-than-truckload industry trend as tonnage increases and yields moderate.
Less-than-truckload carrier Old Dominion sees volumes drop again in February but notes the worst of it may be behind them.
Less-than-truckload carrier Saia reported January and February tonnage declines that were in line with fourth-quarter declines when adjusting for weather.
ArcBest said Wednesday it has launched freight movement technology, allowing the contents of an entire trailer to be unloaded at once.
ArcBest said Tuesday it has further simplified its business model by selling emergency roadside and maintenance services provider FleetNet America.
Less-than-truckload carrier Saia announced it has added more next-day lanes to its network.
Some say LTL is embracing the notion that prices should be regularly adjusted based on customers’ shipment profiles and the carriers’ network needs. Others say the model poses stiff challenges.
The Teamsters union says it wants more details before agreeing to any of less-than-truckload carrier Yellow’s operational changes.
Less-than-truckload carrier Pitt Ohio announced a minority investment in national final-mile platform Aria Logistics.
The Teamsters union promises a fight heading into contract renewals with less-than-truckload carriers.
AskWaves looks at what shippers, carriers, 3PLs and receivers can do to improve less-than-truckload transportation in the grocery space.
This week: St. Christopher brings its benefit concert to a live audience; Lytx awards its customers’ drivers and coaches for top safety records; and XPO Logistics pledges another year of trafficking awareness training for employees.
Less-than-truckload carrier Yellow reported another large decline in volume leading to a fourth-quarter loss.
XPO’s growth strategy includes a wider net for capturing volume, but the less-than-truckload carrier is adamant it will remain price disciplined.
Shares are trading down sharply after Forward Air reported shipping fewer pieces per shipment than expected in the fourth quarter.
XPO takes share in the fourth quarter, posting adjusted earnings ahead of consensus.
Echo Global Logistics said it has hired former Roadrunner president Frank Hurst and XPO operations vice president Phil Resendiz to lead its less-than-truckload efforts.
TFI’s chief downplayed any talk that goes beyond operational synergies, but analyst Jason Seidl said TFI wants to marry ArcBest.
Less-than-truckload carrier Yellow filed revised notifications with the Teamsters seeking more subdued changes to operations after receiving pushback from the union.
Less-than-truckload booking platform MyCarrier is automating insurance coverage for the 10,000 shipments it is booking daily.
TFI posted in-line fourth-quarter EPS. Revenue was down in a tough operating environment.
For more than 50 years, a familylike bond has existed between FedEx management and employees. After a round of job cuts unprecedented in scope, that bond rests on shaky ground.
FedEx Freight on Friday announced the second round of temporary furloughs of drivers in past three months.
LTL carrier sees likely flat operating ratio in Q1 compared to Q4 of ’22.
ArcBest’s fourth-quarter was worse than expected as the carrier manages through the downside of the less-than-truckload cycle.
Amid falling tonnage throughout the less-than-truckload complex, Old Dominion posts another large earnings beat.
XPO, on its way to becoming a pure-play LTL carrier, received an upgrade in its debt rating from S&P Global Ratings.
Less-than-truckload carrier Old Dominion moved forward with a long-term succession plan Tuesday, announcing that its chief operating officer will replace its CEO in July.
The National Motor Freight Traffic Association has been getting along for nearly 67 years. Now with new leadership and an expanded road map, it’s finally getting going.
Less-than-truckload carrier Saia implements a 6.5% general rate to offset cost inflation and advance network investment.
Current battery-charging cycles could compromise LTL network efficiency, according to the president of AAA Cooper Transportation.
An online auction on Tuesday will sell the assets of family-owned Art Mulder & Sons Trucking of Holland, Michigan, two months after the refrigerated LTL carrier ceased operations after 50 years.
Less-than-truckload carrier Pitt Ohio announced it has sped up service on numerous lanes in and out of the state of New York.
Bank of America analyst Ken Hoexter now has a buy rating on most of the truckload carriers he follows.
XPO announced Tuesday it has hired Wall Street analyst Ali Faghri to head its strategy initiatives.
Estes Express Lines announced Tuesday that Webb Estes has been named president and chief operating officer.
Morgan Stanley said trucking fundamentals could be “bottoming” in a Monday note to clients while Susquehanna called it quits on several stocks.
Andrew Clarke, the ex-C.H. Robinson Worldwide executive, would relish the opportunity to return as its CEO, according to sources.
FedEx Freight Direct now offers returns of big and bulky items.
Less-than-truckload provider Roadrunner has announced its “biggest-ever transit improvements.”
Analysts waxed pessimistic about C.H. Robinson’s near-term outlook, arguing that the company’s culture needs to change.
Forward Air announced it will buy fellow expedited less-than-truckload provider Land Air Express in a $56.5 million transaction.
Demand for 3PL services to handle last-mile shipments of heavy goods will grow by double digits annually through 2025, according to a report by Armstrong & Associates and the National Home Delivery Association.
FedEx must convince stakeholders that it will stay the course on cost reductions.
FedEx’s 2023 second-quarter results proved its ability to quickly slash costs but also showed the damage a demand slowdown is inflicting on its top line.
Estes Forwarding Worldwide and project44 have developed a rating API that provides expedited quotes for LTL shippers.
Even though the final piece of XPO’s breakup has been put on hold, the company’s bullish growth ambitions for less-than-truckload have not changed.
Less-than-truckload carriers are hopeful a recent round of general rate increases stick on the downside of the cycle.
Yellow Corp. will modify and refile proposed network changes after meeting with local unions.
7L Freight is making truck procurement more convenient for logistics companies by combining dynamic rate management with electronic booking.
Consumers can take drop-offs to any of 2,000 FedEx Office locations
ArcBest announced CFO David Cobb will retire in October 2023.
Yellow is seeing large tonnage declines continue as the fourth quarter advances.
Asset-light less-than-truckload provider Forward Air sees tonnage fall off sharply in November.
The White House announced $36 billion in bailout money for the Central States Pension Fund that will benefit thousands of less-than-truckload drivers for Yellow and ABF Freight.
Less-than-truckload tonnage declined at an accelerated pace through November.
XPO announced it will retain its European business as capital markets abroad have weakened.
The deceleration in less-than-truckload tonnage during the fourth quarter is worse than analysts expected.
Drivers affected by FedEx Freight’s furloughs will receive return-to-work guarantees and a $300 weekly incentive while they are out of work.
AskWaves looks at how carriers are better communicating rules tariffs to customers.
XPO becomes the latest less-than-truckload carrier to announce voluntary furloughs.
Less-than-truckload demand has taken another step lower, according to carriers attending the Stephens investor conference.
The furloughs are set to begin in early December, and will be voluntary, the unit says.
In a stunning announcement, an analyst and his company that could be seen as skeptical of XPO’s prospects won’t be tracking the company moving forward.
Less-than-truckload carrier Yellow Corp. navigates second year of volume declines amid network overhaul.
The unit’s “space and pace” program will bypass the class-rates formula in favor of pricing based on dimensions and weight.
XPO announced Tuesday that it has spun off brokerage unit RXO, which is now a separately traded company.
ArcBest beats expectations in a noisy third quarter. Tonnage declines and cost inflation during the fourth quarter will put the model to the test.
Less-than-truckload carrier Saia slightly missed third-quarter expectations and noted volumes softened as the quarter progressed.
XPO Logistics’ third-quarter results were at the high end of preannounced ranges. The fourth-quarter outlook calls for continued growth but with some cost pressures.
TFI posts strong third-quarter results and boosts its dividend by 30%. But much of the focus is on the work in progress at T-Force Freight.
Forward Air highlights several growth opportunities that will push results higher again in 2023 even if the economy slows further.
Old Dominion said Wednesday that it’s likely more than half way through this volume downturn.
A single format for exchanging bills of lading data in the less-than-truckload industry will replace multiple electronic formats.
The National Motor Freight Traffic Association is moving to simplify how shipments are classified.
A Yellow Corp. plan would consolidate two of its regional LTL networks with its YRC Freight national operation.
XPO Logistics issued long-term financial targets for its less-than-truckload segment and its brokerage unit, which will be spun off next month.
While earnings estimates remain largely intact for 2022, a September slowdown pushed analysts to take another look at 2023 forecasts.
A highly regarded survey of less-than-truckload shippers showed Peninsula Truck Lines was the top overall provider based on value and loyalty.
XPO Logistics announced the spinoff of its brokerage unit has been blessed by its board with share distribution scheduled for Nov 1.
AskWaves looks at some of the challenges in the long-haul segment of an LTL network.
The ABF subsidiary ArcBest began hiring days last year to help aid in recruitment; FreightWaves was invited to one.
FedEx announces a 6.9% tariff rate increase for all of its services except LTL.
Jason Seidl of Cowen says that slowing consumer and industrial activity will be felt in third-quarter results.
R2’s LTL service is designed specifically to service small-medium-sized shippers – bringing well-rounded expertise in one platform that gives shippers the same advantages of a large shipper.
FedEx says weak international demand was the issue behind its fiscal first quarter pre-announcement. But the signs point to company-specific deficiencies.
FedEx Corp. announces most U.S. shipments must be tendered by Dec. 14, one day earlier than last year’s deadline, if they are going to arrive in time for Christmas.
Less-than-truckload carrier Yellow Corp. sees tonnage fall by mid-teen percentages in the first two months of the third quarter as it implements the first phase of its restructuring.
Less-than-truckload provider Forward Air continues to register notable revenue growth more than one year into freight swap.
More signs of slowing in the less-than-truckload industry appeared Thursday when ArcBest provided a third-quarter update.
Third-quarter updates from less-than-truckload carriers highlight a freight market that continues to slow.
AskWaves takes a look at managed transportation services in the less-than-truckload market.
The startup will hit an $11 million annual run rate in September.
Pitt Ohio initiates direct service into and out of New York state.
XPO recorded several records in its second-quarter earnings as it prepares to turn over Brad Jacobs’ CEO seat to Mario Harik.
