Filed in LTL
Wednesday, May 04, 2016
Total gross first quarter revenue for XPO was up 404.4 percent annually to $3.5 billion, with net revenue up 510.5 percent to $1.6 billion. While gross and net revenue were up, the company reported a net loss of $23.2 million, or $0.21 per diluted share and an adjusted net loss attributable to common shareholders of $9.3 million or $0.08 per share.
Posted on 05/04 at 10:49 AM
XPO Logistics •
At last week’s NASSTRAC Conference in Orlando, Fla., LM Group News Editor Jeff Berman caught up with Jack Holmes, president of UPS Freight, the less-than-truckload subsidiary of UPS. On June 30, Holmes will retire from UPS after a 37-year career with Big Brown that saw him rise from the overnight docks in Philadelphia to the executive suite in Richmond, Va.
Friday, April 29, 2016
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.
Monday, April 11, 2016
YRC Freight, the nation’s third-largest LTL carrier with over $3 billion in revenue, is upping the ante in the time-definite market. With the introduction of its “Accelerated” shipping option, YRC says it is cutting transit times by up to one or two days from its standard service.
Friday, March 18, 2016
The torch is being passed at UPS Freight as a legendary trucking executive prepares to retire after a remarkable 37-year career that saw him rise from the overnight docks in Philadelphia to the executive suite in Richmond, Va.
Posted on 03/18 at 07:54 AM
UPS Freight •
Tuesday, March 01, 2016
With “tepid” freight demand dampening LTL profits, analysts and carriers executives say that fuel, capacity utilization, and mounting regulation will play a large role in 2016 rates. Here’s what shippers should expect.
Chicago-based project44,said last week it rolled out new volume LTL (less-than-truckload) rating API, which has been deployed by Sunset Pacific Transportation, the largest LTL consolidator in Southern California.
Posted on 03/01 at 11:38 AM
Monday, February 22, 2016
Light asset-based less-than-truckload (LTL) carrier SHIFT Freight recently announced it has expanded its service offering to five new states for inbound and outbound shipments, as well as added liftgate service for pickups and deliveries.
Thursday, February 11, 2016
The Cudahy, Wis.-based company said it has refocused its LTL network standards as part of a move to further enhance service consistency, which it said will provide customers with better visibility to delivery dates and better work and collaborate with RRTS to better manage supply chain operations and economically manage transportation costs.
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Monday, February 08, 2016
A recent Wall Street Journal report stated that third-party logistics and freight transportation services provider XPO Logistics shut down seven freight terminals that were part of the Con-way Inc. less-than-truckload (LTL) network, Con-way Freight. Con-way was acquired by XPO for $3 billion last year.