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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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Whether conducting an LTL RFP with the intent to manage transportation spends or increase provider options, a professional bid application adds structure to the process, resulting in improved efficiency, reduced risk of errors and quicker bid turnaround times.

As you face capacity issues and rising freight rates, download this Making the Case report to learn how to optimize your LTL operations and get more strategic with your carrier and provider partners.

Taking the calculation, complexity, and cost out of LTL shipping.

This paper details how SMC3 designed Bid$ense for complete procurement transparency, and how you’ll move ahead with ease and confidence toward best-choice carrier qualification and truly strategic LTL procurement.

The Thomasville, N.C.-based carrier reported that LTL tons per day increased 15.3% in May on an annual basis, with the main drivers being an 11.0% increase in daily LTL shipments and a 3.9% increase in LTL weight per shipment. And for the second quarter-to-date period, LTL revenue per hundredweight is up 6.7% annually.

As a direct result of the thriving ecommerce landscape, SMC³ recently talked with FedEx Supply Chain executive Ryan Kelly about reverse logistics and how less-than-truckload carriers are capitalizing on this developing trend.

The investment comes in the form of roughly $90 million, which, XPO said, will go towards 770 new tractors over the course of the remainder of 2018, during which time the units will be integrated into the XPO LTL fleet. These tractors will both replace, and add to, the existing fleet, with the current total number of tractors now at approximately 8,000 in North America, according to XPO.

National less-than-truckload (LTL) carrier Old Dominion Freight Line (ODFL) recently announced it opened five United States-based service centers in the second quarter, which it said is part of its growth strategy in an effort to stay up with shipper demand.

Given the decent health of the economy, specifically the freight economy, it comes as no surprise to see the less-than-truckload (LTL) market having a strong 2018. Less Than Truckload Pricing Report. Old Dominion Freight Pricing

How continuous pool optimization is helping companies work smarter and more profitably in today’s fast-spinning logistics environment.

As global trade shifts with the changing times, shipping management is becoming more important, more time consuming, and more expensive for companies.

In a 2017 American Shipper Report on global sourcing, 58% of shippers indicated that their biggest concern today is rising transportation costs.

Earlier this month, LM Group News Editor Jeff Berman caught up with Greg Gantt president and CEO of national less-than-truckload carrier Old Dominion Freight Line (ODFL) at the National Shippers Strategic Transportation Council (NASSTRAC) conference in Orlando, Fla. Gantt provided Berman with insight into various industry-related topics.

YRC reported consolidated operating revenue for first quarter of $1.215 billion and a consolidated operating loss of $4.3 million, which included a $3.2 million loss on property disposals. By comparison, YRC’s 2017 first quarter included operating revenue of $1.171 billion and $300,000 consolidated operating income, which included a $2.7 million loss on property disposals.

John Wiehoff, CEO of C.H. Robinson recently spoke with SMC³ about emerging technologies in the industry, unique supply chain opportunities, and how C.H. Robinson uses technology to optimize its business.