Less-Than-Truckload

YRC, which controls long-haul YRC Freight and LTL regional carriers New Penn, Reddaway and Holland, reported a slight dip in second quarter net income of $14.4 million on $1.33 billion revenue, compared with net earnings of $19 million on $1.26 billion revenue in the year-ago quarter.

There is another challenge in the LTL sector that directly impacts LTL shippers not getting what they need from carriers, with carriers widening embargoes on shipments in certain parts of the United States.

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.

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

Revived sector benefits from proprietary networks, e-commerce boom

While it has had a full-fledged less-than-truckload (LTL) fleet since acquiring Con-way in late 2015, freight transportation and logistics provider XPO Logistics said today that the former Con-way LTL business, Con-way Freight, has officially been re-branded as XPO’s North American LTL business

This webinar shows how companies are using real-time performance data to optimize the scheduling of their city fleets, as well as the routing of their standard, accelerated and time-critical shipments.

A new breed of leadership is creating a long-term vision to earn strategic relationships with shippers. Solid day-to-day execution and aggressive investment in technology set the direction for trucking’s new guard.

While LTL executives are bullish on the new administration’s “America First” emphasis, shippers should expect rate increases in the 3% range amid a “rational” pricing landscape.

It’s time to understand your parcel characteristics as well as how the carriers will view your business. If you can position yourself—and partners—to be a shipper that parcel carriers can serve profitably, you will be rewarded with better discounts and have stronger negotiating leverage.

LTL carriers adjusting to “more competitive” pricing environment

The first quarter is typically the slowest period of freight demand for LTL carriers. With a few notable exceptions, that was reflected in first quarter earnings reports of the major publicly held LTL carriers.

What do the Top 50 Trucking companies have in common? Seasoned management teams backed up by solid operations—and they’re not afraid to spend on staff and technology to stay on top.