Latest posts about LTL
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Top 50 Trucking Companies 2023: Is this normal?
April 3, 2023
As the $830 billion trucking industry prepares for what could be the first full “normal” year since the pandemic caused tidal waves in supply/demand cycles, the “best of the best” are concentrating on strategy, operations and execution. Our trucking correspondent examines what’s ahead for trucking in 2023.
Yellow accuses Teamsters of ‘gamesmanship and saber rattling’ in proposed One Yellow change of operations talks
March 31, 2023
After the International Brotherhood of Teamsters (IBT) announced that it was cancelling a scheduled April 7 hearing over restructuring operations that Yellow says is “vital to the future of our company,” the company has fired back with a letter to Teamsters National Freight Director John Murphy accusing the union of “falsehoods and baseless insults.”
Q&A: Adam Satterfield, CFO, Old Dominion Freight Line
March 22, 2023
Logistics Management Group News Editor Jeff Berman recently spoke with Adam Satterfield, CFO of Thomasville, North Carolina-based national less-than-truckload (LTL) carriers Old Dominion Freight Line about various industry trends and themes, including: the current state of the LTL market, the freight economy, rates and pricing, and supply chain shifts, among others.
February Cass Freight Index report sees annual shipment and expenditures declines
March 14, 2023
February’s shipment reading—at 1.167—was down 0.3% annually, up against an easy annual comparison, while rising 3.8% over January’s 1.124 reading. And the February expenditures reading—at 4.020—was off 9.7% annually, while seeing a 1.9% decline, from January to February.
State of Less Than Truckload (LTL) 2023: Volumes down, yields up
March 12, 2023
The LTL market’s surprising profitability and ability to not only exist, but to become the most lucrative and well-managed niche of the overall $830 billion trucking industry, is astounding to even veteran leaders in the sector. How is this happening?
ODFL announces additional executive leadership changes
March 2, 2023
Following its recent announcement signaling a major executive leadership change, in which effective July 1, 2023, Kevin M. (“Marty") Freeman will succeed Greg C. Gantt as ODFL President and Chief Executive Officer, as per its Board of Directors, Thomasville, N.C.-based national less-than-truckload carrier Old Dominion Freight Line (ODFL) announced additional executive leadership changes this week.
Bridging the Less-than-Truckload Expertise Gap with Online Education & Learning
February 28, 2023
In this whitepaper, we show you how the transportation industry is increasing its focus on the final mile, but also the middle mile, where freight gets moved to distribution centers and fulfillment houses, and why LTL and truckload are battling for that space.
SMC3 opens up registration for LTL educational certification
February 27, 2023
Company is offering five courses with once-a-week sessions and on-demand components
Less-than-Truckload 2023 Online Education Schedule Curriculum Combining On-Demand & Live Learning
February 23, 2023
SMC3 announces less-than-truckload, LTL, 2023 industry-leading online education for carriers, shippers, 3PLs, and more pairs of self-paced instruction and education combining on-demand with live learning industry-leading discussions.
Roadrunner announces new Denver LTL service expansion
February 20, 2023
Downers Grove, Ill.-based Roadrunner, a national less-than-truckload (LTL) services provider, with a focus on long-haul metro-to-metro shipping, recently announced it has expanded its Smart Network offering, with new inbound service to Denver. Company officials said that this represents the first step of new market expansions, with 2023 openings also planned in Kansas City and Portland.
Yellow’s Hawkins dismisses LTL merger rumors with a no-way, no-how response
February 13, 2023
There will be no merger, acquisition or combination of any sort involving Yellow Corp. and any of its rival less-than-truckload (LTL) carriers. That’s the final word on that from none other than Yellow CEO Darren Hawkins, who says he has enough going on within his $5 billion company.
Yellow CEO Hawkins says he’s ‘bullish on America’ despite tougher LTL environment
February 9, 2023
Yellow Transportation, which has about 10% market share in the less-than-truckload (LTL) environment, paid the price for slackening demand in the overall trucking market in the fourth quarter. But Yellow executives say they are buoyed about the LTL market based on contract renewals coming in last month with 5-to-6% rate increases.
XPO turns in strong Q4 2022 earnings results
February 9, 2023
Revenue came in at $1.83 billion, for a 3.3% annual increase, and adjusted earnings per share, at $0.98, topped the $0.64 recorded for the same quarter a year ago. XPO officials cited various growth drivers that factored into its quarterly earnings growth, including growing volumes, pricing, margins, and earnings, in what is called a “challenging macro environment,” and growing its shipment count and tonnage, outperforming negative trends in the industry and typical seasonality.
PITT OHIO heralds West Coast-bound transit time improvements
February 6, 2023
Pittsburgh-based less-than-truckload (LTL), logistics and warehouse services provider PITT OHIO said it has made transit time improvements, to the West Coast, in the form of a partnership with Cypress, Calif.-based LTL and supply chain services provider Daylight Transport.
ODFL announces executive leadership change
February 1, 2023
The company announced this week that, effective July 1, 2023, Kevin M. (“Marty") Freeman will succeed Greg C. Gantt as ODFL President and Chief Executive Officer, as per its Board of Directors. It added that Gantt will retire from ODFL on June 30, 2023, with the expectation he will remain a company board member.