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Developing a Less-than-Truckload & Ecommerce Focused Shipping Strategy

Companies must embrace the combined nature of omnichannel to realize its benefits, and the same is true of combined less-than-truckload and e-commerce shipping strategies.

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YRC Worldwide, which controls the fourth- and eighth-largest less-than-truckload (LTL) units with its long-haul and regional trucking companies, is offering an early peak into its operating results for the fourth quarter 2018.

The real answer will come from more sophisticated pricing models that allow the shipper and carrier to adjust for all of the classification elements as well as day of shipment and even time of day.

YRC Worldwide, which controls the fourth- and eighth-largest LTL companies with its long-haul YRC Freight and YRC Regional units, is embarking on what could be a make-or-break contract with its 24,000 Teamsters union. Because YRC has struggled to regain profitability following its decision to buy rival Roadway Express in a debt-laden $1.1 billion transaction in 2003, any significant change in either units’ wage structure or fringe benefits could trigger another downturn for the Overland Park, Kan.-based company.

Companies must embrace the combined nature of omnichannel to realize its benefits, and the same is true of combined less-than-truckload and e-commerce shipping strategies.

YRC Freight, the company’s largest operating unit, saw tonnage per day in October fall around 7.1% annually, with November tonnage per day down around 1.4% annually.

The Thomasville, N.C.-based carrier reported that LTL tons per day increased 3.1% in November on an annual basis, which it said was driven by a 7% increase in LTL shipments per day that was offset by a 3.6% decrease in LTL weight per shipment.

Less-than-truckload (LTL) transportation services provider YRC Worldwide said this week it has launched a new entity through the meshing of its LTL network with a freight brokerage and customer-facing transportation management system (TMS).

LTL carriers have always been seen as a way to navigate tight capacity in full truckload, but the increased use of LTL capacity today means the ability to respond to on-demand shipping is diminished.

As capacity becomes a greater commodity in LTL, shippers need to start working to expand their LTL carrier options and find the carriers that can move freight promptly and at the right price.

This exclusive, & educational white paper is for shippers who are accustomed to shipping LTL freight or are starting to ship more LTL freight, it addresses capacity woes, use of last-mile delivery, and how to choose the right LTL carrier.

This white paper is a must-read for shippers who are seeking information on the less than truckload pricing market in order to plan for 2019.

For Kenneth Mink/The Fine Rug Gallery at Macy’s, the company’s exclusive lease partner and also the operator for Macy’s area rug business on Macys.com, the transition from carrier liability to cargo insurance was a long time coming.

Earlier today, Scottsdale, Arizona-based Emerge, a provider of its proprietary Private Freight Marketplace (PFM) and TMS focused on accelerating productivity and increasing visibility for supply chain stakeholders, announced it has raised $20 million in a seed round, which was led Greycroft Partners, a venture capital firm based in Los Angeles and New York, in addition to participation from other investors as well.

Higher driver turnover in 2019 will be inevitable, and with less than two months remaining in 2018, the best thing carriers and shippers can do today is to work on reducing the burden and stress on drivers.

Unfortunately, the use of Less-Than-Truckload DIM pricing is often overlooked for a simple reason; DIM pricing is usually associated with overnight shipping and parcels, not LTL.