In today’s edition of The Daily Dash, the U.S. DOT has laid out its strategic plan for safely deploying autonomous trucks and passenger vehicles. Plus, LTL volumes stayed strong in December, and XPO names the head of its logistics spinoff.
Forward Air adds to non-airport less-than-truckload service by opening a facility in Bethlehem, Pennsylvania.
FlockFreight pools together LTL freight and ships it via shared truckloads in full truckload containers instead.
Flock Freight has added 50 new team members since June.
Cargomatic set off a prodigious chain of events after its launch in Los Angeles.
Shared truckload offers shippers the opportunity to utilize truckload services to deliver partial shipments – without leaving part of the trailer empty.
Shared truckload alleviates LTL pain points
FedEx Freight is expanding its freight distribution operation in Laredo, Texas, near the US-Mexico border.
Flock Freight, which is building a shared truckload solution for LTL loads, has achieved B Corp certification for its sustainability efforts.
Saia Inc. has a market capitalization of $3.33 billion and has 169 trucking terminals in 44 states.
In today’s edition of The Daily Dash, FMCSA is considering a petition to delay the HOS changes, Workhorse can sell electric vans in all 50 states, and drivers can take steps to improve their mental health.
PPP loans have been more prevalent for durable goods manufacturers relative to makers of nondurable goods.
Aerospace industry supplier wants to turn supply chain into a competitive advantage.
The concept of shared truckload isn’t new, but technological advancements in the space make the method more viable than ever.
FourKites says it has cracked the code on delivering more accurate ETA information for LTL shipments
The global pandemic offers industry players the chance to trade competition for collaboration and disrupt the status quo.
Carriers are getting more notice to pick up loads. Is this a result of Amazon relaxing their service expectations?
Carriers are hopeful that Q2 will be much less chaotic than last quarter.
For some essential goods providers, the rush has meant booking full truckload without enough freight to fill the truck.
Rates inbound to Seattle, California, and New York are climbing rapidly.
Tonnage headwinds and better yields are the story so far in 2020. Old Dominion Freight Line reports modest revenue decline.
This white paper, brought to you by Flock Freight, explores the countless inefficiencies that affect sustainability within the LTL shipping industry, as well as what green solutions are available for shippers.
Old Dominion Freight Line announces a 4.9% general rate increase after reporting market stabilization in January.
Keeping track of all the outstanding content published on Freighwaves.com each week can prove daunting, and we do not want you to miss a beat. Every FreightWaves article is designed to assist our readers in becoming the most informed professionals in the transportation and logistics industry. To make this task easier, we present an exclusive […]
Anthony and Zach break down the less-than-truckload sector and talk about its connection with truckload along with giving a quick update on the latest economic and freight market trends.
Robinson aggressively cut prices to hold truckload volumes steady and grow LTL volumes.
Rates seem to be recovering from 2019’s downward spiral.
McLean Trucking is one of the pioneers of the less-than-truckload (LTL) trucking industry. The company’s founder eventually became one of the pioneers of the global logistics and trade industry.
Recon Logistics President expects LTL rate increases in the new year.
Are the reports of FedEx’s struggles greatly exaggerated?
Workplace injuries are common for truck drivers. For LTL drivers during peak holiday season, the rush to deliver goods increases the chance of injury.
In a tough freight environment, the Chicago brokerage outpaced Wall Street’s expectations.
Decision could make it easier for employers to make unilateral work-rule changes
FreightWaves CEO & Founder Craig Fuller talks with Richard Greening, the Global Technical Director for the DDC Group. The DDC Group provides digitization and processing of freight related documents for logistics companies.
A trio of interviews from the recent ACT Research conference and a discussion with a leading thought leader on the third-party logistics (3PL) industry highlights this week’s edition of FreightWaves Radio on SiriusXM Road Dog Trucking. Evan Armstrong of Armstrong & Associates will kick the show off by giving his insights on the state of […]
eBay’s Managed Delivery will outsource warehousing, transport, and packaging services.
ABF Freight, YRC Freight employees affected by pension-saving bill.
Denser shipments and higher prices combined for a 6.9 percent improvement in revenue per LTL shipment.
Companies may not be doing enough to secure their cargo from their own employees.
Cowan Systems has acquired family-owned regional carrier Carlisle Carrier as it looks to strengthen its Northeast presence.
In March and April, Amazon handled 45 percent of its own packages.
Transport honchos see better times in 2nd half–maybe
LTL giant claims new requirements would also add costs to its in-house driver training.
Incentive to get safety advocates, Congress on board
The relationship between truckload and less-than-truckload (LTL) is like two cities positioned around the epicenter of an earthquake.
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 […]
WEX, Inc. (NYSE: WEX), a multi-channel provider of corporate payment solutions, reported earnings of $1.72 per share, down 9 percent year-over-year, but $0.03 per share higher than the consensus estimate. Additionally, the company increased earnings guidance for the year. Total revenue increased 8 percent to $381.9 million. Adjusted operating margin was 470 basis points lower […]
CEO Gantt lowered capex guidance by $10 million to $480 million, likely reflecting top line headwinds, but we’re waiting to hear updated revenue guidance in the conference call.
Despite a crash in truckload spot prices (approximately 50% of ECHO revenue), the freight brokerage beat analyst expectations.
Recent shipping trends reflect a slowdown in user demand across the air, rail, maritime and truckload modes of transport. Those trends seem to have passed by the $42 billion per year less-than-truckload (LTL) segment. Carriers have been in control of the market for two years, demand remains solid, and pricing is disciplined and rational. There […]
Will it make money? Does it matter?
E-commerce has changed consumer buying habits, but it has also changed the supply chain for less-than-truckload carriers, who have had to adapt in various ways to keep pace.
A look at how Roadrunner Freight’s business model differs from most LTL carriers.
Saia, Inc. is providing LTL shipment and tonnage data for the first two months of the first quarter. These are the results.
Protecting market share is part of the battle over longer trucks.
LTL shippers account for around 13.6% of America’s trucking sector, shipping almost $48B each day or about 63 tons of goods per person per year. 48% of consumers are demanding next day delivery according to retailers.
BlueGrace Logistics celebrated its 10-year anniversary on February 22. Founded in 2009 with only eight employees, the company currently has 600 employees and is one of the largest third-party logistics (3PL) providers in the United States.
ODFL spends money on aggressive capex building out its network of service centers and maintaining a low tractor-to-trailer ratio, as well as, increasingly, share buybacks.
YRC unit wants to cut terminals, replace Central Freight with YRC Freight on interline pact.
Strong Q4 drives full-year performance.
Sponsored by Redwood LogisticsWhile Redwood has moved freight in and out of the Southeast for quite some time, this acquisition provides the company with strong operational presence in the region. This geographical expansion is a key component of Redwood’s overall acquisition strategy.
Aterian Investment Partners Principal Michael Fieldstone said that his firm supported XGS CEO Darrel Harris and his management team and would provide capital to complete improvements to the business.
Want to save time on LTL shipping? Our Rapid Pricing Program can help!
Joplin, Missouri-based Contract Freighter Inc (CFI) will “assume responsibility” for Chicago-based freight transport company, Optimal Freight, at the start of the New Year. Financial details of the transaction are not available at the time of writing.
If you are involved in the process of arranging LTL freight shipments, you need to know about the most recent updates from the National Motor Freight Classification.
The beleaguered carpet hauler was over-leveraged and running out of cash.
A number of analysts have stepped forward and issued counterarguments to a negative report on Thursday about XPO, and the company itself has announced a share buyback program.
Venture to allow Hunt customers to access all truck carriers on one interface
XPO Logistics is rolling out four new LTL optimization technologies and has announced a fast-track and free process for military members and veterans to receive their CDL.
We look at Old Dominion’s latest operating metrics update.
ArcBest posted excellent operating results for the third quarter, but executives failed to clarify the company’s pension liabilities, which were the subject of a controversial short seller report last month.
UPS will clean out LTL pipeline before Teamster contract votes are counted.
OD’s top line revenue grew 21.2% year over year to $1.06B and earnings per share swelled 71% to $2.12. Even more impressively, Old Dominion achieved a 78.4% operating ratio, a company (and possibly industry) record and 280 bps improvement over Q3 2017.
Rating agency Moody’s Investors Service said it upgraded its ratings on about $3.2 billion debt issued by XPO Logistics, Inc., (NYSE: XPO) citing a “positive operating environment” in 2019 for transport and logistics companies, as well as XPO’s strong performance.
The Indian trucking ecosystem suffers from a lack of visibility and transparency, which Vaahika is looking to address by digitizing logistics and creating a bridge between carriers and shippers.
Stifel’s John Larkin captivated the audience with a wide-ranging presentation on transportation and logistics across modes during Tuesday’s lunch at the McLeod User Conference 2018.
FreightWaves spoke to ArcBest officers about Off Wall Street’s research report, which they said raised concerns about off-balance sheet liabilities related to pensions.
FreightWaves spoke to GlobalTranz CEO Bob Farrell and AFN Logistics CEO Owen Schnaper about the deal.
Amazon is scaling up its asset side on both last mile delivery and linehaul, pursuing a low-cost strategy of leased vehicles, independent contractors, and power-only deals with enterprise carriers.
Overall revenue at Roadrunner is up, but it remains burdened by high interest charges necessary to have given the company a strong capital base.
Opus9 launched its digital platform, automating every step of the truckload and LTL shipping process, Tuesday. The new platform is intended to “digitize an old industry and bring it forward,” according to Vice President of Product Management Jeff Hiller.
It’s the first time LTL carrier Old Dominion has ever posted an OR under 80, even as it added more than 900 new employees.
The asset-light expedited LTL carrier posted strong volume and yield growth, and is tacking on intermodal businesses by M&A, but playing catch up with its truckload brokerage.
Data on producer prices shows that overall inflation pressure cooled in the economy last month, as big declines in food prices offset gain in other areas of the economy. Trucking prices remained essentially unchanged for the second consecutive month, but remain elevated relative to this point last year.
ts best performance in year-over-year increases in revenue per hundredweight (excluding fuel surcharge) in years was not enough to turn a first quarter profit for YRC Worldwide.
PT expenditures rose about 40% for the quarter.
Even with a higher cost burden, it still managed an improvement in its operating ratio.
A push for density-based pricing is happening in the less-than-truckload (LTL) segment of the transportation industry, but it’s nothing new.
Data from the Producers Price Index showed that prices for trucking services remain high, and a spillover in demand may be causing a surge in intermodal rates.
Stifel returns to trucking with an array of notes on individual carriers and a comprehensive industry update. Analysts expect 12% increase in truckload rates y/y, spillover into LTL and intermodal, and no relief in sight for the driver shortage.
Producer price inflation remained relatively modest in February, but trucking prices grew at the fastest pace since 2011
E-commerce sales are putting pressure on retailers and that is leading to additional changes to the movement of freight and logistics.
While producer price inflation for the overall service sector has remained fairly benign, hovering between 2-2.5%, freight trucking inflation has been accelerating rapidly. After a dismal 2-year period of declining rates within the trucking industry, prices have picked up, with inflation reaching a 6-year high in January.
Blockchain is a foundational technology, said Jason Kerner, vice president of sales engineering for Project44, that will allow the building of transformational technologies in the future.
According to the Department of Transportation, nearly 20% of all trailers are traveling empty down the highway. That doesn’t account for trailers that are running less than full. That empty space, whether it is enough room for one pallet or ten, is a revenue opportunity lost.
