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How High Driver Turnover in Less-Than-Truckload Carriers Impacts Shippers’ Freight Spend

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.

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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.

This is a must-read for shippers who are either LTL shipping pros, new LTL shippers who are needing education, or those moving more freight to the LTL mode as Full Truckload feels the capacity crunch squeeze.

A new labor agreement between UPS Freight, the less-than-truckload unit of UPS, and the Teamsters Union was reached over the weekend, with UPS Freight Teamsters members approving a new contract over the weekend.

XPO Logistics expects to generate approximately $100 million in incremental operating profit over the next two years from proprietary less-than-truckload technologies.

Earlier today, global freight and logistics services provider XPO Logistics said it has rolled out four new technology efforts that serve as the “core” of its LTL (less-than-truckload) 2.0 optimization plan.

Shippers need to understand what’s contributing to a higher than usual Less-than-Truckload peak season and how to prepare for it and keep freight spend in check.

The LTL market will climb nearly 15 percent between Q4 of 2018 and 2019, but the uncertainty and gradual push away from FT to LTL, as well as intermodal shipping, could snap that prediction, ultimately, we are sure of one thing; LTL growth will continue.

As more shippers move away from full truckload, less than truckload demand will rise sharply, and rates will increase much faster than anticipated, so what makes LTL superior, and why exactly does LTL have extra capacity?

United Parcel Service Inc. is telling its customers to make alternative shipping plans in case of a Teamsters strike in its smaller freight division, where unionized workers are set to vote on the company’s final contract offer next week.

In this all-new e-book, we discuss the 8 core areas that Less-than-Truckload shippers can focus on in order to have more efficient LTL shipping practices.

Recent developments regarding a new labor agreement between UPS Freight, the les-than-truckload unit of UPS, and the Teamsters Freight National Bargaining Committee over a new labor contract could have ramifications that potentially lead to a strike, or the semblance of one.

Third quarter revenue was up 11.5% annually to $4.34 billion, and quarterly net income attributable to common shareholders coming in at $100.8 million, which topped $57.5 million for the same period a year ago.

One key difference between BOSS and another fun acronym, BOPS (buy-online/pickup-in-store) cited by CBRE is that with BOPS online orders are picked up in store, whereas with BOSS, retailers ship items to stores that are not regularly stocked in stores.