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Top 25 LTL Trucking Companies
Journal of Commerce Rankings: LTL sector revenue drops despite Yellow ‘distortion’
William B. Cassidy, Senior Editor | Apr 2, 2024, 5:19 PM EDT
A 6% reduction in overall freight helped depress LTL revenue in 2023, the top 40 carrier rankings show, despite a gain in shipments many carriers enjoyed after Yellow’s collapse.
Surface
Trucking News
LTL
Saia, Fletes Mexico enter cross-border LTL partnership
William B. Cassidy, Senior Editor | Apr 1, 2024, 5:09 PM EDT
The partnership takes advantage of growing demand that is encouraging more cross-border LTL shipping between the US and Mexico.
Surface
Trucking News
LTL
LTL carrier FedEx Freight becomes more global under ‘Tricolor’ strategy
William B. Cassidy, Senior Editor | Mar 22, 2024, 4:55 PM EDT
The freight hauled by the largest LTL trucking company in the US will become more global under a reorganization of FedEx’s varied domestic and international networks.
Surface
Trucking News
Air Cargo Carriers News
LTL
ODFL expands in Northeast as LTL land rush intensifies
William B. Cassidy, Senior Editor | Mar 15, 2024, 8:00 AM EDT
The second-largest US less-than-truckload provider is building terminals, parking lots and freight density as competitors vie for real estate and customers.
Surface
Trucking News
LTL
Southeastern Freight Lines adds to regional LTL terminal network amid growth push
William B. Cassidy, Senior Editor | Mar 11, 2024, 12:11 PM EDT
The South Carolina-based company has nearly doubled the number of doors at a Kentucky service center, the latest in a series of expansions planned in the US LTL sector.
Surface
Trucking News
Industrial Real Estate News
LTL
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In a ‘stable’ LTL market, ODFL readies for eventual rebound
William B. Cassidy, Senior Editor | Feb 2, 2024, 1:58 PM EST
The second-largest US less-than-truckload carrier plans to increase its terminal capacity alongside freight demand, CEO Marty Freeman told the Journal of Commerce.
Surface
Trucking News
LTL
Roadrunner adds 135 LTL lanes, moves into Canada in major expansion
William B. Cassidy, Senior Editor | Jan 31, 2024, 1:50 PM EST
Building on recent market openings, the point-to-point, long-haul LTL carrier is launching its largest growth push since a 2021 restructuring.
Surface
Trucking News
LTL
As industrial freight lags, more LTL carriers look to ports to boost business
William B. Cassidy, Senior Editor | Jan 30, 2024, 1:23 PM EST
Trucking companies such as Averitt are seeking more diversified freight and deeper connections to customers through transloading.
Surface
Trucking News
LTL
Forward, Omni Logistics seal long-awaited deal to merge businesses
William B. Cassidy, Senior Editor | Jan 26, 2024, 2:48 PM EST
With an amended merger agreement, months of contentious litigation are behind the companies, clearing the way for their combined forwarding and LTL operations.
Surface
Trucking News
Air Cargo Forwarder News
Air Cargo
LTL
C.H. Robinson adopting standard US LTL e-bill of lading
William B. Cassidy, Senior Editor | Jan 22, 2024, 4:37 PM EST
The move by the largest US logistics provider to use a standardized electronic bill of lading accelerates digitization in the less-than-truckload sector.
Surface
Supply chain
Trucking News
Logistics Technology News
LTL
As Yellow ‘distortion’ fades, US LTL market searches for a catalyst
William B. Cassidy, Senior Editor | Jan 18, 2024, 12:51 PM EST
US less-than-truckload pricing is moderating as waves of disruption caused by Yellow’s bankruptcy recede, fuel prices fall and demand remains soft.
Surface
Trucking News
LTL
US LTL trucking market still in flux as freight shifts among carriers
William B. Cassidy, Senior Editor | Jan 12, 2024, 3:52 PM EST
Large LTL carriers were the biggest winners from Yellow’s shutdown, but smaller regional carriers are making significant volume gains as well, according to SJ Consulting Group.
Surface
Trucking News
LTL
ODFL Q4 operating data underscores softness in US LTL trucking market
William B. Cassidy, Senior Editor | Dec 6, 2023, 3:55 PM EST
The second-largest US LTL provider saw daily shipments increase less than 1% year over year in November, signaling continued softness in underlying LTL demand as the post-Yellow market settles.
Surface
Trucking News
LTL
Control of US LTL capacity in 2024 hangs on sale of Yellow terminals
William B. Cassidy, Senior Editor | Nov 27, 2023, 5:14 PM EST
An auction of Yellow’s 174 owned terminals is scheduled for Tuesday, with winning bids to be disclosed on Friday while a separate battle continues over 149 leased terminals.
Surface
Trucking News
LTL
LTL carriers aim high in pricing as market continues to settle post-Yellow
William B. Cassidy, Senior Editor | Nov 17, 2023, 2:32 PM EST
Large LTL trucking providers are raising tariff rates 5% to 8% on average, but the LTL PPI slowed its growth to under 1% in October.
Surface
Trucking News
LTL
Forward Air formally moves to terminate Omni Logistics merger
William B. Cassidy, Senior Editor | Nov 13, 2023, 2:25 PM EST
The expedited less-than-truckload provider has asked a Delaware court to let it kill the controversial deal that has caused its share price to plummet and raised the ire of activist investors.
Surface
Trucking News
Forwarding
LTL
Forward Air says considering canceling Omni Logistics merger
William B. Cassidy, Senior Editor | Oct 27, 2023, 8:59 AM EDT
The apparent change of heart from Forward management comes as Forward activist investors opposed to the $150 million deal try to oust the company’s chief executive.
Surface
Trucking News
LTL
Estes restoring critical IT systems following cyberattack
William B. Cassidy, Senior Editor | Oct 9, 2023, 12:29 PM EDT
The fourth-largest US less-than-truckload carrier said it had restored many of its core systems by Sunday, while continuing to pick up and deliver freight despite a week of disruption.
Surface
Trucking News
LTL
US LTL carriers gain freight, but employment plummets post-Yellow
William B. Cassidy, Senior Editor | Sep 6, 2023, 2:09 PM EDT
Saia and XPO are the latest LTL carriers to report volume gains in August, a month when trucking employment dropped more than 2% following Yellow’s shutdown.
Surface
Trucking News
LTL
Forward Air looks to hook high-value shippers in Omni Logistics deal
William B. Cassidy, Senior Editor | Aug 15, 2023, 3:43 PM EDT
Omni’s international and US forwarding customers are expected to send more freight to Forward Air’s expedited less-than-truckload network in the US.
Surface
Trucking News
LTL
Dynamic pricing helps LTL trucker boost volume in soft market
William B. Cassidy, Senior Editor | Jun 14, 2023, 9:51 AM EDT
Flexible transactional pricing is helping ArcBest LTL subsidiary ABF Freight increase shipment volumes and attract new shippers despite reduced demand from core customers.
Surface
Trucking News
LTL
US LTL trucking companies improving yield, profitability despite headwinds
William B. Cassidy, Senior Editor | Jun 9, 2023, 10:27 AM EDT
Data from analysts and carriers shows less-than-truckload providers are staying disciplined when it comes to pricing despite a freight recession and softer US economy.
Surface
Trucking News
LTL
More US shippers finding LTL savings, but no ‘price war’
William B. Cassidy, Senior Editor | Mar 3, 2023, 3:49 PM EST
Several US shippers tell the Journal of Commerce they are getting rate concessions from their less-than-truckload carriers, but the price cuts are far from universal and may depend on how shippers bid.
Surface
Trucking News
LTL
Rate hikes push 2022 US LTL revenue to record high, despite slowdown
William B. Cassidy, Senior Editor | Feb 21, 2023, 5:06 PM EST
Less-than-truckload (LTL) pricing may moderate in 2023 after two gangbuster years for carriers, but shippers shouldn’t expect a rapid retreat after broad-based gains.
Surface
US LTL shipments getting smaller: Forward Air
William B. Cassidy, Senior Editor | Feb 14, 2023, 1:40 PM EST
Shippers are still tendering approximately the same number of shipments, but they’re shipping less freight per shipment, the head of expedited LTL carrier Forward Air says.
Surface
Trucking News
LTL
3PL Echo moves to expand LTL business with new executive hires
William B. Cassidy, Senior Editor | Feb 8, 2023, 1:24 PM EST
Primarily an industrial transportation sector, the LTL business is moving into retail and is also becoming more involved in transloading at US port cities.
Trucking News
Logistics Technology News
LTL
Truckload
Pitt Ohio, Daylight to expedite LTL freight from eastern US to West Coast
William B. Cassidy, Senior Editor | Jan 30, 2023, 4:54 PM EST
An expedited linehaul service using team drivers will cut transit times connecting Pitt Ohio’s eastern territory with California within three days.
Surface
Trucking News
LTL
US LTL carriers look past downturn by expanding for next rebound
William B. Cassidy, Senior Editor | Jan 27, 2023, 3:51 PM EST
The promise of economic improvement in the second half of this year and 2024 has LTL trucking companies adding terminals, doors, and services despite the current slowdown.
Surface
Trucking News
LTL
US shippers still facing LTL rate pressure: Cowen/AFS study
William B. Cassidy, Senior Editor | Jan 17, 2023, 12:08 PM EST
Less-than-truckload rates are rising despite economic headwinds as accessorials, general rate increases, and a trend toward higher freight rate classes support a high pricing floor.
Surface
Trucking News
LTL
Forward expands air-ground network, aiming for high-value freight
William B. Cassidy, Senior Editor | Jan 10, 2023, 4:24 PM EST
The acquisition of competitor Land Air Express expands Forward Air’s nationwide ground airport-to-airport network and capacity, Forward’s CEO says.
Trucking News
LTL
Roadrunner expedites West Coast-to-Chicago service to meet inland demand
William B. Cassidy, Senior Editor | Jan 9, 2023, 5:41 PM EST
The largest US point-to-point LTL carrier is speeding service from Southern California to Chicago, reducing the transit time to one to three business days as demand for velocity remains high.
Surface
Trucking News
LTL
US LTL market softening, but not by much: 3PLs
William B. Cassidy, Senior Editor | Oct 24, 2022, 1:31 PM EDT
US shippers will find LTL savings in 2023, but the biggest savings will go to those who can accurately forecast demand and fit freight to carrier networks, according to BlueGrace Logistics.
LTL
ODFL’s LTL volume takes seasonal dip in August
William B. Cassidy, Senior Editor | Sep 7, 2022, 1:12 PM EDT
LTL shipments at Old Dominion Freight Line fell about 3 percent year over year in August, following a more seasonal pattern than August 2021 when shipments jumped 17 percent.
LTL
US LTL trucking ‘in a good spot’: ODFL CEO
William B. Cassidy, Senior Editor | Jul 27, 2022, 4:19 PM EDT
The gap between truckload and LTL grows wider as LTL carriers maintain pricing discipline and focus on network density to drive revenue and profit growth.
LTL
LTL carrier Pitt Ohio expands in Northeast with Teal’s buy
William B. Cassidy, Senior Editor | Jul 6, 2022, 5:16 PM EDT
Pittsburgh-based Pitt Ohio is filling a gap in its regional map by acquiring Teal’s Express, a New York-based less-than-truckload (LTL) carrier.
LTL
LTL sector steadily bridging gaps in US supply chain
William B. Cassidy, Senior Editor | Jul 6, 2022, 5:05 PM EDT
Less-than-truckload (LTL) transportation is more than it used to be, and that’s leading to acquisition and expansion in a US trucking sector that is slowly becoming more international in its focus.
LTL
LTL outlook strong despite economic fears: SMC3
William B. Cassidy, Senior Editor | Jun 28, 2022, 5:21 PM EDT
The less-than-truckload industry is positioned to ride through a rocky soft patch in the economy and even a short recession with higher pricing, carrier executives at the SMC3 Connections conference said.
LTL
Roadrunner speeds network amid high LTL demand
William B. Cassidy, Senior Editor | Jun 24, 2022, 7:30 AM EDT
Long-haul LTL carrier Roadrunner is cutting transit times in 66 lanes and adding more direct routes and truck drivers as freight demand from its shippers remains strong, company executives say.
LTL
UK trucking operator plans entry into US LTL market
William B. Cassidy, Senior Editor | Jun 10, 2022, 11:15 AM EDT
Pall-Ex Group, a franchise network of more than 700 truckers hauling palletized freight across Europe, wants to set up shop in the US and is looking for a beachhead in the LTL market.
LTL
Demand keeps pressure on US LTL capacity, rates
William B. Cassidy, Senior Editor | May 11, 2022, 5:08 PM EDT
Demand for LTL capacity is rising even faster than carriers can add terminals and doors, pushing rates higher still.
LTL
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