Name: James Welch: Focusing on LTL Basics
Uploaded: Apr 29, 2013, 6:14 PM EDT

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Senior Editor Bill Cassidy interviews YRC Worldwide CEO James Welch, who is getting closer to his goal of returning the troubled less-than-truckload operator to profitability. Welch is aiming for an operating profit at YRC Worldwide in 2013; last year the company reported its first quarterly operating profit since 2008. The CEO is focusing on what he calls the LTL basics: pick up and deliver freight on time, and "don’t bust it." For further information, consult Bill’s story, too . Contact William B. Cassidy at wcassidy@joc.com and follow him at twitter.com/wbcassidy_joc .

<div class="phx-topic abstract-wrapper"><p>The forwarder reported solid results to close 2024 as unknowns linked to US longshore labor, tariff policy and changes to de minimis rules fueled trans-Pacific freight demand.  </p></div>

The forwarder reported solid results to close 2024 as unknowns linked to US longshore labor, tariff policy and changes to de minimis rules fueled trans-Pacific freight demand.

Feature image

String of market uncertainties helped drive strong Q4 for Expeditors

<div class="phx-topic abstract-wrapper"><p>The first in a series of “development flights” loaded with packages from Hong Kong landed at the Scottish west coast airport this week with a view to launching scheduled weekly services in March.</p></div>

The first in a series of “development flights” loaded with packages from Hong Kong landed at the Scottish west coast airport this week with a view to launching scheduled weekly services in March.

Scotland’s Prestwick airport tested by China’s e-commerce giants

<div class="phx-topic abstract-wrapper"><p>The European Commission wants member states to exert greater control over low-value imports, while its consumer watchdog has launched an investigation into e-commerce giant Shein.</p></div>

The European Commission wants member states to exert greater control over low-value imports, while its consumer watchdog has launched an investigation into e-commerce giant Shein.

Europe joins US in call for end to e-commerce ‘de minimis’ exemption

<div class="phx-topic abstract-wrapper"><p>The former Wisconsin congressman and Fox Business host was confirmed by a 77-22 vote on Tuesday. </p></div>

The former Wisconsin congressman and Fox Business host was confirmed by a 77-22 vote on Tuesday.

Senate confirms Sean Duffy as Secretary of Transportation

<div class="phx-topic abstract-wrapper"><p>Average rates hit a 2024 high in early December but have declined steadily since, with not even an early Lunar New Year able to prevent the slide.  </p></div>

Average rates hit a 2024 high in early December but have declined steadily since, with not even an early Lunar New Year able to prevent the slide.

Air cargo rates fall out of Asia despite rising volume on US, Europe trades

<div class="phx-topic abstract-wrapper"><p>Labor peace at US East and Gulf coast ports is now ensured through September 2030 after the union’s rank and file approved the new labor agreement. </p></div>

Labor peace at US East and Gulf coast ports is now ensured through September 2030 after the union’s rank and file approved the new labor agreement.

ILA ratifies new six-year deal with higher entry pay, automation protection

<div class="phx-topic abstract-wrapper"><p>Sustainable financing will help the Oslo-listed operator hit net-zero goals, but it brings risks with higher capex costs to cover operations of its ro/ro fleet.</p></div>

Sustainable financing will help the Oslo-listed operator hit net-zero goals, but it brings risks with higher capex costs to cover operations of its ro/ro fleet.

Wallenius’ ‘ambitious’ financing framework underpins ro/ro fleet renewal

<div class="phx-topic abstract-wrapper"><p>Shipper, forwarder and customs broker associations want to see the members of the Digital Container Shipping Association accelerate efforts to create interoperable process standards. </p></div>

Shipper, forwarder and customs broker associations want to see the members of the Digital Container Shipping Association accelerate efforts to create interoperable process standards.

Trade groups renew push for ocean carrier movement on digitization

<div class="phx-topic abstract-wrapper"><p>The tonnage injection comes amid an uptick in Asian manufacturers expanding business in Latin America, particularly Mexico.</p></div>

The tonnage injection comes amid an uptick in Asian manufacturers expanding business in Latin America, particularly Mexico.

Carriers boost tonnage on Asia-WCSA to meet growing manufacturing demand

<div class="phx-topic abstract-wrapper"><p>While the breakbulk sector failed to capitalize on the forward loading of steel to get in front of US import tariffs, it now has bigger concerns with US proposals to penalize Chinese-made MPVs.</p></div>

While the breakbulk sector failed to capitalize on the forward loading of steel to get in front of US import tariffs, it now has bigger concerns with US proposals to penalize Chinese-made MPVs.

MPVs pass on steel frontloading surge as fleet concerns loom

<div class="phx-topic abstract-wrapper"><p>Acquisition activity in the truckload space continues, with price benchmarking vendor Greenscreens.ai the latest to sell. </p></div>

Acquisition activity in the truckload space continues, with price benchmarking vendor Greenscreens.ai the latest to sell.

Triumph acquires broker-focused pricing technology provider Greenscreens.ai

<div class="phx-topic abstract-wrapper"><p>A drop in consumer confidence, spurred by higher inflation and tariff fears, makes a significant increase in freight demand and truck rates less likely until late in 2025. </p></div>

A drop in consumer confidence, spurred by higher inflation and tariff fears, makes a significant increase in freight demand and truck rates less likely until late in 2025.

Soft US freight demand, economic uncertainty restrains truckload pricing

<div class="phx-topic abstract-wrapper"><p>The second tender from the Zero Emission Maritime Buyers Alliance calls for a carrier or a consortium of liners to move the equivalent of 1.5 million TEUs across the Pacific on ships powered by renewable synthetic fuels.</p></div>

The second tender from the Zero Emission Maritime Buyers Alliance calls for a carrier or a consortium of liners to move the equivalent of 1.5 million TEUs across the Pacific on ships powered by renewable synthetic fuels.

Global shipper group ‘bullish’ on e-fuel tender bids from ocean carriers

<div class="phx-topic abstract-wrapper"><p>Tariff concerns and fears of labor unrest helped grow volumes at key ports along the West Coast last month, with the gains coming at the expense of the Northeast and mid-Atlantic.</p></div>

Tariff concerns and fears of labor unrest helped grow volumes at key ports along the West Coast last month, with the gains coming at the expense of the Northeast and mid-Atlantic.

International intermodal surge continued in January on US West Coast

<div class="phx-topic abstract-wrapper"><p>Supply chain security technology provider Overhaul forecasts another big year for cargo theft in 2025, although not as big as a 49% year-over-year increase in 2024. </p></div>

Supply chain security technology provider Overhaul forecasts another big year for cargo theft in 2025, although not as big as a 49% year-over-year increase in 2024.

US cargo crime forecast to rise 22% as thefts spread inland

<div class="phx-topic abstract-wrapper"><p>Dayton Freight Lines and A. Duie Pyle are partnering to provide next-day service from the East Coast to all parts of Ohio as shippers demand more speed. </p></div>

Dayton Freight Lines and A. Duie Pyle are partnering to provide next-day service from the East Coast to all parts of Ohio as shippers demand more speed.

Regional LTL partnership to speed service linking Midwest, Northeast

<div class="phx-topic abstract-wrapper"><p>Adam Roth, executive vice president at NAI Hiffman, highlights the inverse relationship between transportation costs and real estate investment and the “rule of 1.5.”</p></div>

Adam Roth, executive vice president at NAI Hiffman, highlights the inverse relationship between transportation costs and real estate investment and the “rule of 1.5.”

<div class="phx-topic"><p>Global protectionism and geopolitical shifts are prompting companies to delay real estate decisions. Adam Roth, executive vice president at NAI Hiffman, highlights the inverse relationship between transportation costs and real estate investment and the “rule of 1.5.”</p><p><i>Inland24, Chicago, Illinois</i></p><p><b>Sponsored by CenterPoint Properties</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6363936408112"></dynamic-object></div></div>

Global protectionism and geopolitical shifts are prompting companies to delay real estate decisions. Adam Roth, executive vice president at NAI Hiffman, highlights the inverse relationship between transportation costs and real estate investment and the “rule of 1.5.” Inland24, Chicago, Illinois Sponsored by CenterPoint Properties

The 1.5-year impact rule

<div class="phx-topic abstract-wrapper"><p>Michael Brazeal, manager of development transactions at CenterPoint Properties, shares insights on adapting to post-COVID tenant demand, optimizing supply chains and building partnerships to support tenant growth.</p></div>

Michael Brazeal, manager of development transactions at CenterPoint Properties, shares insights on adapting to post-COVID tenant demand, optimizing supply chains and building partnerships to support tenant growth.

<div class="phx-topic"><p>Strategic locations and green initiatives are essential in today's industrial real estate landscape. Michael Brazeal, manager of development transactions at CenterPoint Properties, shares insights on adapting to post-COVID tenant demand, optimizing supply chains and building partnerships to support tenant growth.</p><p><i>Inland24, Chicago, Illinois</i></p><p><b>Sponsored by CenterPoint Properties</b></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6363935724112"></dynamic-object></div></div>

Strategic locations and green initiatives are essential in today's industrial real estate landscape. Michael Brazeal, manager of development transactions at CenterPoint Properties, shares insights on adapting to post-COVID tenant demand, optimizing supply chains and building partnerships to support tenant growth. Inland24, Chicago, Illinois Sponsored by CenterPoint Properties

Evolving industrial real estate needs

<div class="phx-topic abstract-wrapper"><p>Dylan Nowak, Gulf region sales director at C&amp;K Trucking, shares insights on logistics career growth, effective supply chain strategies, the vital role of employee engagement and his key takeaways from recent industry disruptions.</p></div>

Dylan Nowak, Gulf region sales director at C&K Trucking, shares insights on logistics career growth, effective supply chain strategies, the vital role of employee engagement and his key takeaways from recent industry disruptions.

<div class="phx-topic"><p>Data-driven approaches are crucial for enhancing customer success and operational resilience. Dylan Nowak, Gulf region sales director at C&amp;K Trucking, shares insights on logistics career growth, effective supply chain strategies, the vital role of employee engagement and his key takeaways from recent industry disruptions.</p><p><i>Inland24, Chicago, Illinois</i></p><p><b>Sponsored by C&amp;K Trucking</b></p><p></p><div class="wrapper-narrow"><dynamic-object type="brightcove" resource-id="6363702996112"></dynamic-object></div></div>

Data-driven approaches are crucial for enhancing customer success and operational resilience. Dylan Nowak, Gulf region sales director at C&K Trucking, shares insights on logistics career growth, effective supply chain strategies, the vital role of employee engagement and his key takeaways from recent industry disruptions. Inland24, Chicago, Illinois Sponsored by C&K Trucking

Navigating logistics challenges

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Video

<div class="phx-topic abstract-wrapper"><p>Senior Editor Bill Cassidy interviews YRC Worldwide CEO James Welch, who is getting closer to his goal of returning the troubled less-than-truckload operator to profitability.</p></div>

Senior Editor Bill Cassidy interviews YRC Worldwide CEO James Welch, who is getting closer to his goal of returning the troubled less-than-truckload operator to profitability.

<div class="phx-topic"><p>Senior Editor Bill Cassidy interviews YRC Worldwide CEO James Welch, who is getting closer to his goal of returning the troubled less-than-truckload operator to profitability. Welch is aiming for an operating profit at YRC Worldwide in 2013; last year the company reported its first quarterly operating profit since 2008. The CEO is focusing on what he calls the LTL basics: pick up and deliver freight on time, and "don’t bust it."</p><p>For further information, <a href="http://www.joc.com/trucking-logistics/ltl-shipping/yrc-worldwide/yrcs-welch-aims-2013-operating-profit_20130429.html">consult Bill’s story, too</a>.</p><p><i>Contact William B. Cassidy at <a href="mailto:wcassidy@joc.com">wcassidy@joc.com</a> and follow him at <a href="http://www.twitter.com/wbcassidy_joc">twitter.com/wbcassidy_joc</a>.</i></p><div class="wrapper-full"><dynamic-object type="youtube" resource-id="2kCQ187vlZU"></dynamic-object></div></div>

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