Latest posts about LTL
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TD Cowen/AFS Freight Index points to a muted peak season and mixed activity across TL, LTL, and parcel markets
October 23, 2023
The new edition of the TD Cowen/AFS Freight Index, which was recently released by New York-based investment firm Cowen Inc. and Shreveport, La.-based 3PL and freight audit and payment company AFS Logistics LLC, highlighted mixed readings, as well as expectations, for truckload, less-than-truckload (LTL), and parcel activity, from the third quarter to the fourth quarter.
Refining LTL API Consumption for Optimal Efficiency and Enhanced Services
October 11, 2023
Clearing business hurdles, achieving efficiencies and elevating customer service with SMC³’s LTL APIs, a SMC³ Case Study.
Worldwide Express, GlobalTranz, and Unishippers band together to establish the WWEX Group
October 2, 2023
A trio of well-known logistics services providers, Dallas-based privately held freight brokerage and authorized UPS reseller Worldwide Express, Phoenix-based GlobalTranz, a full-service 3PL focused on freight brokerage and technology, GlobalTranz, and Dallas-based Unishippers, the second-largest privately held freight brokerage in the country, announced today they are collaborating on what they called a new “corporate identity,” entitled WWEX Group.
Estes’ $1.52 billion bid beats ODFL’s bankruptcy offer for Yellow terminals
September 22, 2023
The first big winner in the bankruptcy dismantling of Yellow Corp. is less-than-truckload (LTL) rival, Richmond, Va.-based Estes Express, the nation’s fourth-largest LTL carrier.
Rivals pick over old Yellow freight assets as shippers plan for LTL rate hikes
September 15, 2023
The dismantling of Yellow Corp. assets has begun, and so has the realignment of the $58 billion less-than-truckload (LTL) landscape.
Old Dominion Freight Line issues third quarter operating metrics update
September 7, 2023
ODFL reported that revenue per day was down 1.4% annually in August, driven by a 6.0% decrease in LTL tons per day, which was partially offset by an increase in LTL revenue per hundredweight. And it added that the decrease in daily LTL tonnage was related to a 1.2% decrease in LTL shipments per day and also a 4.8% decrease in LTL weight per shipment.
A. Duie Pyle rolls out new West Virginia-based service center
September 7, 2023
Company officials said this is A. Duie Pyle’s first service center in West Virginia, even though it has provided service for shippers there throughout the last year.
XPO adds nearly 60 doors to its Dallas-area service center
September 5, 2023
XPO said that it is adding 58 doors to this service center, noting that they will increase its Dallas-area capacity for shippers in the metro Dallas area across various sectors, including agriculture, energy, technology, and manufacturing. XPO previously announced it plans to add 900 net new doors throughout the United States by the first quarter of 2023.
TIA Q2 3PL Market Report sees modest shipment gains
August 24, 2023
Truckload was the only segment to see a gain for shipment volumes, up 1.9% sequentially, and down 1.4% annually. LTL was off 2.8% sequentially and 5.8% annually, with intermodal down 2.4% sequentially and 16.4% annually. Other modes were down 0.2% sequentially and 11.5% annually.
ODFL, Estes Express make stalking horse offers for defunct trucker Yellow’s assets
August 18, 2023
Richmond, Va.-based Estes Express, the nation’s fourth-largest LTL carriers with $4.4 billion revenue last year, has made a $1.3 billion bid for all of defunct Yellow’s 160 company-owned terminals.
Industry executives address the impact of Yellow’s exit on the LTL marketplace
August 17, 2023
With the dust settling from the exit of Yellow Corp. in the less-than-truckload (LTL) market, following its Chapter 11 bankruptcy protection filing earlier this month, various industry stakeholders have taken time since then to assess what Yellow’s departure, as well as its 8%-to-9% sector market share, means for LTL and the freight transportation sector, too.
Forward Air’s Schmitt highlights key aspects of acquisition of Omni Logistics
August 16, 2023
Logistics Management Group News Editor Jeff Berman recently caught up with Forward Air Chairman, President and Chief Executive Officer Tom Schmitt about what this acquisition means for the company, from a service and competitive perspective, as well as other industry topics, including Yellow's recent exit from the market and the 2023 Peak Season.
40th Annual Quest for Quality Awards: Service stars in the new era of collaboration
August 14, 2023
Which carriers, third-party logistics providers and U.S. ports reached the pinnacle of service excellence over the course of the past year? Our readers have cast their votes, and now it’s time to introduce this year’s winners of the coveted Quest for Quality Awards.
Quest for Quality 2023: Less Than Truckload (LTL)
August 14, 2023
World-class service prevails amid sharp falloff in demand.
Forward Air and Omni Logistics announce plans to combine, with a focus on expedited LTL market
August 10, 2023
Greenville, Tenn.-based asset-light freight and logistics services provider Forward Air and Dallas-based Omni Logistics, an asset-light, high-touch logistics and supply chain services provider owned by Ridgemont Equity Partners, announced today they will join forces, with the companies having entered into a definitive agreement to create a combined company through a cash-and-stock transaction.