LTL

The expedited surface transportation provider said it has kept customers and is adding business but needs to “aggressively” address profitability after a first-quarter loss.

Candor Expedite’s new service is designed to let perishables shippers use lower-cost freight modes and reduce product spoilage.

The third-largest US LTL provider is joining competitors renovating and opening terminals acquired from Yellow and expects to complete that work by early 2025.

Although electric trucks are improving, the electricity and charging networks needed to power them are not ready, Pitt Ohio’s Taki Darakos told a US House committee.

The LTL carrier said it will open 15 to 20 terminals this year in a cadence that will help improve efficiency in its network.

The transportation holding company has set a multi-year “medium-term” LTL revenue target of $2 billion, nearly double its 2023 LTL revenue.

The second-largest US LTL provider is protecting its “excess capacity,” and investing in terminals, equipment and people while waiting for improved freight demand.

With Class 8 truck orders dropping, ACT Research believes rising US freight demand will hit tightening truck capacity sooner rather than later.

XPO, Estes and Saia are starting to reopen terminals they acquired from bankrupt Yellow, adding to LTL trucking capacity as they pursue new business.

There are signs of growth in the latest Cass Freight Index, but US transportation markets lack a catalyst that would accelerate volumes.

A rebuilt facility with 75 dock doors and parking for 300 trailers will anchor Roadrunner’s network in the Southeast as the less-than-truckload carrier expands.

Improving economic indicators are drawing small carriers back to trucking, while the LTL market continues settling post-Yellow, analysts told a Journal of Commerce webcast.

A rebound in the US Freight Transportation Services Index is the latest of several indicators pointing to stronger seasonal freight activity, but excess capacity is diluting the impact of demand. 

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.

The partnership takes advantage of growing demand that is encouraging more cross-border LTL shipping between the US and Mexico.

The bankrupt LTL provider failed to exhaust grievance procedures in its own contract as it battled the Teamsters over restructuring plans, a US District Court ruled.

Maersk is the first container line to publicly promote a direct pipeline of ocean freight to what’s known as Section 321 shipments, though the model has been used for years by freight forwarders.

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.

The digital freight marketplace is making new software tools that target fake brokers and fraudulent pickups available to customers as well as competitors.

Rising shipper interest helped propel digital freight marketplace Transfix into LTL through a partnership with Rocket Shipping, and Transfix expects the LTL trend to continue.

The second-largest US less-than-truckload provider is building terminals, parking lots and freight density as competitors vie for real estate and customers.

Montreal-based TFI gains capacity and capabilities on both the northern and southern US borders by acquiring Hercules, a less-than-truckload provider specializing in cross-border freight.

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.

Higher daily shipment counts at less-than-truckload carriers in January and February underscore the impact of Yellow’s collapse last July.

Shippers seeking more flexible supply chains are turning to transloading, and not just for containerized imports, speakers at TPM24 said.

The second-largest US less-than-truckload provider reported a slight increase in shipments in February, and improving US manufacturing may herald stronger demand ahead.

Changing shipping requirements and competitive pressures are reshaping US less-than-truckload networks and LTL terminals themselves at an unprecedented rate.  

The offer made by CEVA in January appeared to be a done deal, but GXO’s competing bid delivered a 26% premium on the CEVA offer and was swiftly accepted by Wincanton’s board.

Using layers of technology from digital documents to artificial intelligence to tracking devices, shippers can detect and even head off the growing threat of cargo crime, experts say.

The leadership change atop the largest US truckload provider will likely come as a “significant surprise” to the market, according to one industry analyst.

The US LTL producer price index rose 2.6% in January from December, while the equivalent truckload measure fell 2.6%, underscoring differences between the sectors.

More accretive “tuck-in” deals that expand carrier niche services and coverage appear likely if the Fed cuts US interest rates and freight demand improves. 

A Mexican trucking association launched a strike Thursday, adding to the uncertainty cross-border shippers face in the fast-growing market.

After the latest round of bidding, the largest US truckload operator has now acquired 25 Yellow facilities, bringing it closer to having a nationwide LTL network. 

Yield and rates are rising at some of the biggest LTL carriers after a strong finish to 2023, although lower fuel surcharges may pull gains down to mid-single digits.

Forward’s chief legal officer will take over as interim CEO as Tom Schmitt exits following a contentious legal battle with Omni Logistics.

The US Treasury Department is the first major creditor to be repaid by the bankrupt LTL provider, which received the controversial loan early in the COVID-19 pandemic.

A pilot version of a truck appointment scheduling API is part of the hunt for new digital standards for supply chains that are still encumbered by manual processes.

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.

The largest US broker and forwarder expects ocean spot rates to subside after the Chinese New Year and for US trucking markets to slowly improve throughout 2024.