Less-than-Truckload

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?

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.

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 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.

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.

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.

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.

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.

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.

Company officials said that with the addition of these lanes, the carrier can now move freight within one-day to and from PITT OHIO’s New York State-based terminals in Albany, Buffalo, Utica, and Watertown to terminals in it its Mid-Atlantic core territory. What’s more, the company added that, through this expansion, its shipper customers now have one-day transit times from nine PITT OHIO terminals to and from Albany, Buffalo, and Utica, with five Mid-Atlantic terminals now running next-day service...

LTL leader PITT OHIO is now transporting freight within one days’ time to and from their terminals in Albany, Buffalo, Utica and Watertown to terminals in their Mid-Atlantic core territory.

Transportation powerhouse Ellen Voie, president & CEO and founder of the associate Women in Trucking advances her expertise in the complex Less-than-Truckload LTL industry with SMC³ LTL Online Education Certification in Less-than-truckload.

Through five online, self-paced on-demand courses and classroom-style lectures, SMC³ shares its lifetime of LTL expertise with logistics stakeholders and future supply chain leaders looking to take their careers to the next level.

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

In this case study and accompanying resources, we examine how SMC3’s BatchMark XL solved both Newell Brands' and J.B. Hunt's ways to expedite the less-than-truckload analysis of rates and bids.