Law protecting Teamster pensions clears major hurdle
ABF Freight, YRC Freight employees affected by pension-saving bill.
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.