LTL

By Jeff Berman · June 9, 2011
Company officials said that this new terminal will provide New York and New Jersey customers areas outbound LTL services to Illinois down through Texas and every state west of the Mississippi River.
<p>Jason O’Mahony, logistics and operation manager, ParknPool</p> By John D. Schulz · June 1, 2011
Before developing its web-based carrier rating tool, this niche vendor of outdoor furniture was spending 17 percent of its sales on transportation. This year, those costs are going to be about 5 percent of sales—a turnaround that earned the company our 2011 Best Practices Award.
By John D. Schulz · May 17, 2011
During its first quarter earnings call, YRC stated the terms of its latest debt swap plan, and has engaged Morgan Stanley to arrange a new $400 million asset-based loan facility that CEO Bill Zollars says will “enhance our liquidity and strengthen our balance sheet.”
By Jeff Berman · May 6, 2011
Earlier today, less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) reported a $102 million net loss in the first quarter and a $2.14 loss per share. Despite the losses, company officials said this represented an improvement over the first quarter of 2011, which saw a net loss of $274 million and $13.15 per share.
By Jeff Berman · May 5, 2011
First quarter earnings for Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services, saw total revenue-at $129.4 million-increase by 45.3 percent compared to the first quarter of 2010.
By John Schulz · May 2, 2011
YRC Worldwide, the financially ailing second-largest less-than-truckload (LTL) company which has lost in excess of $2.7 billion the last four years, says it has reached another “milestone” in its long-awaited restructuring plan now scheduled for completion in July.
By Jeff Berman · April 27, 2011
Coming off of its first monthly decline in three months in February, truck tonnage returned to growth mode in March, according to data released by the American Trucking Associations (ATA).
By Jeff Berman · April 25, 2011
YRC Worldwide recently announced it is making “significant progress” in steps it is taking to meet the agreements required in its effort to achieve its financial restructuring objectives by the end of July.
By Jeff Berman · April 22, 2011
The ATA reported that during the fourth quarter of 2010, truckload (TL) and less-than-truckload (LTL) carriers bumped up their payrolls, with small truckload carriers boosting employment by 0.8 percent within their driver pool and large TL carriers adding 0.3 percent to payroll by adding linehaul drivers and reducing local driver pools.
By Jeff Berman · April 4, 2011
Freight transportation services provider Hub Group Inc. said today it has acquired asset-light transportation company Exel Transportation Services, a subsidiary of Deutsche Post World Net.
By Jeff Berman · March 17, 2011
Net income for the quarter—at $231 million—was down 3 percent from last year’s $239 million, but quarterly revenue at $9.66 billion was up 11 percent from last year’s $8.70 billion. Operating income—at $393 million—was down 6 percent year-over-year.
By LM Staff · March 1, 2011
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) said yesterday that it has reached an agreement in principle with key stakeholders for a comprehensive restructuring plan.
" crop="yes|center,center|0,0|yes" class="img-responsive" style="width:140px; height:140px; object-fit: cover;" > By Jeff Berman · February 7, 2011
Following a decline in December freight shipments, the first month of 2011 continued that trend, according to the most recent edition of the Cass Information Systems Freight Index.
By Jeff Berman · February 4, 2011
Less-than-truckload (LTL) transportation services provider YRC Worldwide (YRCW) reported net income of $23.1 million—of $0.49 per share—for the fourth quarter of 2010.
By John D. Schulz · February 4, 2011
There is a not-so-subtle change in pricing power away from shippers and toward carriers in the (less-than-truckload) LTL sector. Shippers may have already noticed discounts are falling, and rates are rising.

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