Less-than-Truckload

Bozeman discussed his acclimation to C.H. Robinson, coming over from Amazon, where he served as Vice President of Amazon Transportation Services, and leadership roles at Caterpillar Inc., Harley-Davidson, and Ford Motor Company prior to that. Other topics covered in this wide-ranging interview included: the freight econonomy; various initiatives C.H. Robinson has focused on in recent months, and the increasing role of the supply chain, among others. Their conversation follows below.

The company added that over the past year, 17,240 of its customers have leveraged the eBOL, with the expectation that the tally will increase in 2024.

The new edition of the TD Cowen/AFS Freight Index, which was recently released by New York-based investment firm TD Cowen Inc. and Shreveport, La.-based 3PL and freight audit and payment company AFS Logistics LLC, highlighted the impact of muted demand for truckload, less-than-truckload (LTL), and parcel activity, from the third quarter to the fourth quarter.

This new Bangor facility will extend access to Pyle’s LTL, warehouse and distribution and dedicated freight capabilities, in turn providing the company with the ability to serve more customers in the Bangor area. In tandem with its Portland, Maine-based LTL service center, the addition of this facility enables A. Duie Pyle to provide more comprehensive, full-service center coverage throughout Maine, the company said.

The company explained that prior to this announcement, standard shipping to New England from its terminals in Cumberland, Maryland, Baltimore, Maryland, and the Greater Philadelphia area could take upwards of three days, whereas through these recently-announced next-day lanes, PITT OHIO’S shipper customers will now see their freight arrive in 24 hours. Which the company said significantly reduces wait times, as well as top expectations.

Just as shippers are getting a pleasant New Year’s present with lower fuel surcharges in the wake of plunging diesel fuel prices, here comes a warning to not get used to it.

Minneapolis, Minn.-based global logistics services provider and freight forwarder C.H. Robinson is keeping a close eye on the current inventory situation, for the 2023 holiday season, in terms of how it has changed the flow of retail freight and subsequently led to retailers relying more on predictive ETAs (estimated time of arrival). C.H. Robinson Head of Retail Logistics Noah Hoffman provided LM with an overview of how predictive ETAs are helping retail shippers during the busiest time of...

The reshuffling of assets and capacity within the $58 billion less-than-truckload (LTL) sector has begun. The bankruptcy of Yellow Corp has made one thing clear: shippers ought to be prepared to pay higher rates, perhaps 6-to-8% higher in contractual renewals.

ODFL reported that revenue per day fell 0.9% compared to November 2022, which it said was mainly driven by a 2.3% decrease in LTL tons per day that was partially offset by an increase in LTL revenue per hundredweight. And it added that the change in LTL tons per day was attributed to a 2.9% decrease in LTL weight per shipment that was partially offset by a 0.6% increase in daily LTL shipments.

A key takeaway of the report highlighted how the GDP Goods Transport Sector reading saw a 6.5% increase, from the second quarter to the third quarter, which snapped a five-quarter stretch of negative or nearly negative sequential quarter growth. And TIA noted that this was in line with the U.S. third quarter advance estimate reading of 4.9%.

About a dozen trucking companies bought properties at a court-supervised auction that resold about three-fourths of Yellow’s properties for a total of just under $1.9 billion.

Logistics Management Group News Editor Jeff Berman recently spoke with Chris Jamroz, CEO of Downers Grove, Ill.-based Roadrunner, a national less-than-truckload (LTL) services provider, with a focus on long-haul metro-to-metro shipping. Jamroz provided his insights on the state of the freight economy, the current less-than-truckload landscape, and Roadrunner's future plans, among other topics.

A bankruptcy court in Delaware has approved plans by the administrators of bankrupt less-than-truckload (LTL) carrier Yellow Corp. to use auctioneers to sell the company’s rolling stock. Yellow filed for bankruptcy on Aug. 6 and ceased operations as the nation’s 13th-largest overall trucking company and third-largest LTL operator.

Quarterly revenue, at $1.98 billion, was up 2% annually, and adjusted earnings per share fell 7% annually, to $0.88, topping Wall Street estimates, at $0.66.

The increase will cost shippers “on average” around 7.5%, Saia said. It also said selected accessorial charges and minimum charges will be impacted.