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 .
The explosion in online shopping sparked by the pandemic has made a marked impact on the LTL industry. As online shopping grows, demand for LTL trucking has increased significantly, putting stress on an already-burdened industry. To better understand the state of the LTL industry, we teamed up with BlueGrace Logistics to survey shippers about their approaches to LTL trucking in today’s environment.
Download our report to learn more: Evolution of LTL
The Teamsters union said Thursday it has rejected less-than-truckload carrier Yellow Corp.’s plan to restructure operations at more than 200 terminals.
Knight-Swift Transportation said it’s not backing away from M&A opportunities following its $808 million purchase of truckload carrier U.S. Xpress.
In a first-quarter earnings preview, Deutsche Bank analyst Amit Mehrotra said he expects an in-line type quarter but voiced some concerns.
Volume weakness persists at FedEx, but cost reductions are acting as strong offsets.
R&R Express announced Wednesday it has acquired Denver-based carrier Load to Ride.
After culling underperforming freight for the better part of two years, less-than-truckload carrier Yellow sees volumes inflect positively.
Antwan Banks has been chosen to oversee the National Motor Freight Traffic Association’s cybersecurity relationship efforts with the trucking industry.
Less-than-truckload carrier XPO said it added 30-year industry veteran Wes Frye to its board as it pursues a six-year financial improvement plan.
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.
