Filed in LTL
Wednesday, August 01, 2012
While the recession left the national less-than-truck (LTL) carriers reeling, we’re happy to report that this sector is more “in balance” than in past years, with capacity now aligning with demand. For the first time in at least five years, the sector is showing positive operating margins—albeit scant—while rates have started to clearly reflect that equilibrium.
Being nimble, quick, and responsive to constantly changing customer demands has kept many of the nation’s top regional LTL’s alive over the past four years. But this year’s story revolves around the improved scores cross the entire regional category, signaling that this year’s Quest for Quality winners have come out of the Great Recession with a full head of steam.
With pricing power back in the hands of the rejuvenated LTL sector, carriers are now laser focused on margins while concentrating on profitable freight.
Net income of $41.8 million—or $0.74 per share—was up 30 percent annually. And operating income—at $80.1 million—saw a 33.2 percent annual improvement, with revenue—at $1.45 billion—seeing a 7.2 percent improvement.
Posted on 08/01 at 02:04 PM
Con-way Freight •
Shippers are increasingly telling me that the number of options in the less-than-500-pound shipment market confuses them. The one thing that many can understand is that costs continue to climb despite the deregulation of rates. However, enormous savings can be achieved by knowing your shipment weight and distance, direction, and cube as well as the capabilities of your carrier.
Tuesday, July 31, 2012
Much has been written and said about the less-than-truckload (LTL) sector on this Web site and in the pages of this magazine. Make no mistake, though, the sector these days is in a much better place than where it was not all that long ago.
Posted on 07/31 at 12:29 PM
Thursday, July 12, 2012
Company officials said the eight-door, five-acre facility will serve as a gateway to the Great Lakes shipping area in northern Minnesota and northwestern Minnesota.
Posted on 07/12 at 10:03 AM
Tuesday, July 03, 2012
Multiregional less-than-truckload (LTL) carrier Saia said this week it has acquired truckload and brokerage services provider Robart Transportation Inc. and its subsidiary The RL Services Group LLC.
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Sunday, July 01, 2012
The logistics industry has yet to climb back to the profitability it hit in 2007–the precipice from which it dropped during the recession. According to the report’s author and industry analysts, it may be a while until the overall industry hits full stride again.