Less-than-Truckload

In this case study, we look at how SMC³ BatchMark XL rapid rating tool drives greater efficiency in LTL bids and analytics for Newell Brands and J.B. Hunt.

Taking another step to execute what it calls its inorganic growth strategy, Greenville, Tenn.-based asset-light freight and logistics services provider Forward Air said yesterday it has entered into an agreement to acquire the assets of Bowling Green, Kentucky-based Land Air Express, a privately-held expedited less-than-truckload (LTL) services provider.

ODFL reported that revenue per day increased 7.3% annually, driven by an LTL revenue per hundredweight increase, which it said was offset by an 8.6% decrease in LTL tons per day.

Company officials said that expanding its supply chain services to strengthen routes and transport goods in West Virginia, increases its service commitment to shippers by expanding access to key areas and clients across the state. And they noted that by adding West Virginia to its service footprint, it completes the company’s Northeast/Mid-Atlantic core footprint.

FedEx Freight, the less-than-truckload subsidiary of global logistics and freight transportation services provider FedEx, announced it is rolling out a new pilot initiative, which it described as an industry changing space and pace pricing pilot for select customers.

Yellow posted third quarter net income of $4.8 million on $1.36 billion revenue in the third quarter. That was about half its year-ago net income of $8.3 million on $1.30 billion revenue. Third-quarter operating income was $49.1 million, which included a $1.1 million net gain on property disposals. In comparison, operating income for the year-ago quarter was $48.4 million.

Yellow posted third quarter net income of $4.8 million on $1.36 billion revenue in the third quarter. That was about half its year-ago net income of $8.3 million on $1.30 billion revenue. Third-quarter operating income was $49.1 million, which included a $1.1 million net gain on property disposals. In comparison, operating income for the year-ago quarter was $48.4 million.

Third quarter earnings for Greenwich, Conn.-based XPO Logistics were very strong, according to results issued earlier today. Quarterly revenue—at $3.04 billion—was down 7% annually but was up 3% when excluding third quarter 2021 revenue from its intermodal business, which was sold in March 2022.

The Digital LTL Council of the National Motor Freight Traffic Association (NMFTA) has established a new standard for Electronic Bills of Lading (eBOL). It is part of what the Digital LTL Council calls its “crucial efforts to advance digitization of the industry in order to improve supply chain efficiency.”

As unexpected weather-related events become more common, what are the chances that freight embargoes could disrupt a somewhat upbeat outlook?

XPO said it expects to report $3.04 billion in quarterly revenue and operating income to come in between $181 million-to-$185 million, with EBITDA pegged at $348 million-to-$352 million.

Culver City, Calif.-based Boa Logistics and Flow Cold Storage (Boa), high-growth, third-party logistics (3PL) services providers focused on refrigerated less-than-truckload (LTL) received a majority investment from West Palm Beach, Fla.-based Cambridge Capital, an investor in niche supply chain leaders and the applied supply chain. Cambridge Capital said that this investment—in partnership with Boa’s management—will be instrumental in keeping Boa on its path to expand its dedicated cold-chain freight consolidation platform, as well as to capitalize...

ODFL reported that revenue per day increased 14.5% annually, driven by an LTL revenue per hundredweight increase, which it said was slightly offset by a 0.9% decrease in LTL tons per day. And it added that the change in LTL tons per day was due to a 2.7% decrease in LTL shipments per day, which was partially offset by a 1.8% increase in LTL weight per shipment.

Johns Creek, Georgia-based multi-regional less-than-truckload (LTL) carrier Saia recently announced it has set up shop with a new terminal in the Chicago area, in Franklin Park, Illinois.

Following an early July announcement in which it said it planned to kick off a New York State service expansion, effective in mid-August, Pittsburgh-based less-than-truckload (LTL), logistics and warehouse services provider PITT OHIO said the expansion is now live.