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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.

Page 28 · Latest LTL Posts

A confluence of positive economic events is causing trucking industry officials and economists to predict tighter trucking capacity perhaps as soon as the second quarter of 2011, experts are saying. The effects will be most noticeable in the $290 billion truckload sector, which has more severe capacity restraints on drivers and equipment than the $26.5 billion LTL sector, which still has overcapacity stemming from the last recession.

Following the lead of its industry brethren, less-than-truckload (LTL) transportation services provider Old Dominion Freight Line (ODFL) said it is increasing its base rates by roughly 4.9 percent, effective November 15.

Despite recording a quarterly loss, less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) made some inroads in revenues and tonnage on both an annual and sequential basis for the third quarter.

Coming on the heels of the ratified labor agreement by Teamsters employees at less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW), LTL player ABF Freight Systems announced it is taking legal action against the International Brotherhood of Teamsters and various YRCW subsidiaries, as well as other entities.

Less-than-truckload (LTL) transportation services provider YRC Worldwide Inc. (YRCW) took a significant step forward in its recovery plan, announcing that more than 60 percent of its roughly 40,000 Teamsters members voted to ratify a modified labor agreement.

YRCW expects third quarter positive adjusted EBITDA with a range of $42 million to $46 million, and for the second and third quarters YRCW expects cumulative adjusted EBITDA within a range of $82 million-to-$86 million, topping the $50 million covenant level required as part of its credit agreement.

Soon after less-than-truckload (LTL) transportation service providers YRC Worldwide and ABF Freight System announced matching 5.9 percent general rate increases, FedEx Freight said this week it is upping its GRI a bit higher at 6.9 percent, effective November 1.

Following news earlier this week that less-than-truckload transportation services provider YRC Worldwide (YRCW) won another round of concessions from the Teamsters Union, the company announced on September 29 that its board of directors has approved a tentative agreement with the Teamsters.

During the depths of the recession, the trucking industry found itself in a situation where shippers clearly had the upper hand when it came to pricing. This was true in both the truckload (TL) and less-than-truckload (LTL) sectors. But since that time the economy has shown some gradual signs of a recovery, which subsequently led to a rate recovery of sorts on the TL side. Now, it appears, the LTL sector is catching up.

Less-than-truckload carrier Old Dominion Freight Line (ODFL) announced it has opened up new service centers in South Houston, Texas and Kalamazoo, Michigan in an effort to better serve shippers in these locales.

Global third-party logistics services provider OHL announced it has opened up new locations in Sparks, Nevada and Dallas and is also moving its existing location in Gainesville, Georgia to a larger facility.

On its fiscal first quarter earnings call earlier today, FedEx announced some significant changes for FedEx Freight, its less-than-truckload (LTL) unit

The International Brotherhood of Teamsters intends to ask the roughly 23,000 Teamster members of less-than-truckload transportation services provider YRC Worldwide (YRCW) to approve additional wage concessions, according to a report from the website of Teamsters for a Democratic Union.

YRC Worldwide, Inc. may be poised this month to impose a general rate increase of 5.9 percent.

Transportation and logistics services provider Con-way Inc. said today that John G. Labrie, president of Con-way Freight, the company’s less-than-truckload (LTL) subsidiary, has left the company to pursue other interests.