Less-than-truckload booking platform MyCarrier announced Wednesday it has acquired supply chain payments platform Curant.
Less-than-truckload carrier Tony’s Express of Fontana, California, has filed for bankruptcy protection, nearly three months after it terminated 200 truck drivers, dock and warehouse workers, and office personnel via text message.
Parcel analyst Satish Jindel predicts FedEx will opt later this year to spin off the Freight unit to the public market.
LTL executives highlight shippers moving spillover LTL freight to full truckload amid market weakness and low rates.
FedEx Express has parked more freighters, reduced aircraft capex and is integrating its daytime freighter network with the Freight segment’s less-than-truckload operation to provide linehaul connecting the U.S. and Europe to boost efficiency.
Historically, companies have had two shipping options: less-than-truckload or truckload. Both tend to require some level of sacrifice from the shipper.
Echo’s Frank Hurst spoke with FreightWaves about how the recent Roadtex acquisition has changed reefer LTL.
XPO’s Anthony Hoereth discussed the company’s strategic plan and investments that are driving a historic surge in LTL service levels.
It is crucial for shippers to build flexibility into their transportation plans. This ongoing volatile environment has created an opportunity — and a necessity — for companies to take another look at how they move freight.
Shippers and logistics service providers want and need to proactively manage their customers’ shipments, ensuring they keep cadence in line with delivery expectations. When something goes wrong in transit, this demands quick, timely notification from carriers so they can proactively reset expectations or enact contingency plans.
Reliance Partners brings per-load Shipper’s Interest coverage to freight brokers and carriers to their TMS, providing protection on cross-border, international, LTL and high-value shipments.
Online marketplace uShip has been investing in technology, sales and partnerships in anticipation of when the freight economy surges again.
The Yellow bankruptcy represents one of the biggest industry shakeups of the past two decades. Remaining less-than-truckload carriers and shippers alike continue to feel the impacts of the company’s shutdown.
The market is still depressed, but recent layoffs and closures have fueled enough uncertainty to make some players wonder about changing market tides.
Since the closure of the third-largest LTL carrier, Averitt Express has seen an influx of 2,000 daily shipments — and hasn’t missed a beat.
Cold chain failures lead to the same profit losses and headaches as other supply chain mishaps, but on a much greater scale.
What’s behind Paccar’s stunning Q2 profits? Inflation is part of the answer. So is a burgeoning parts footprint.
The less-than-truckload sector has been disrupted by a very public dispute between Yellow and the Teamsters. Rates have already seemingly responded and may continue to see support.
LTL contract rates and tender rejections in select markets will tell us if transportation networks can handle a sudden Yellow exit.
