LTL

By Jeff Berman · May 29, 2014
The Thomasville, North Carolina-based carrier with the sector’s lowers operating ratio said is revenue per hundredweight, excluding fuel surcharges, for the second quarter, is now in a projected range of 3.0 percent to 3.5 percent over the second quarter of 2013 and from a previous forecast of 2.0 percent to 2.5 percent.
By Jeff Berman · May 5, 2014
Effective January 1, 2015, FedEx will apply dimensional weight pricing to all shipments moved via FedEx Ground, and at FedEx Freight, the company’s less-than-truckload group, FedEx has updated its fuel surcharges for the U.S. and Canada by 3 percent.
By John D. Schulz · May 2, 2014
Arkansas Best Corp., parent of 90-year-old ABF Freight System (the nation’s eighth-largest LTL carrier with $1.7 billion in revenue last year) has changed its name to ArcBest Corp., effective May 1. Its stock symbol has changed from ABFS to ARCB.
By John D. Schulz · May 1, 2014
YRC swung from consolidated operating income of $9.9 million in the year-ago quarter to a consolidated operating loss of $32.4 million in the 2014 first quarter. That came on operating revenue of $1.211 billion, compared with year-ago revenue of $1.162 billion.
By Jeff Berman · May 1, 2014
Even though the impact of the difficult winter weather could not be overlooked, transportation and logistics services provider Con-way said in its first quarter earnings release today that things are heading in the right direction.
By John D. Schulz · April 14, 2014
They are an annual rite of passage, general rate increases (GRIs) in the less-than-truckload (LTL) sector of the trucking industry. But is anyone paying attention? And more importantly, is anyone actually paying these announced GRIs, this year in the 3.9 to 5.4 percent range?
By Jeff Berman · April 2, 2014
FedEx Freight, the less-than-truckload (LTL) subsidiary of FedEx, opened up a new container freight station at its facility in Chicago Summit, Ill. This facility will consolidate and sort freight heading to Puerto Rico.
SPECIAL REPORT
By John D. Schulz · April 1, 2014
Common denominators of our 2014 Top 50 include strong leadership, a growing list of diversified service offerings, and the desire to partner with their shipper customers—all essential characteristics for continued success in the new era of tightened capacity.
By LM Staff · March 27, 2014
Toronto-based less-than-truckload (LTL) carrier and transportation services provider Vitran Corporation has officially been acquired by TransForce, a provider of transportation and logistics services for $6.50 per share.
By Jeff Berman · March 27, 2014
The Ann Arbor, Michigan-based carrier said earlier this month that effective March 31 a 5.4 percent GRI will take effect.
By Jeff Berman · March 24, 2014
The freight brokerage market has another behemoth in the mix, with the recently announced definitive merger agreement of two non asset-based third-party logistics (3PL) service providers Chicago-based Coyote Logistics and Access America Transport (AAT), which is out of Chattanooga, Tenn.
By Jeff Berman · March 16, 2014
UPS Freight, the less-than-truckload subsidiary of UPS, recently announced it will implement a 4.4 percent general rate increase (GRI) that will take effect on March 31.
By Jeff Berman · March 16, 2014
While there was a bit of a decrease, the American Trucking Associations (ATA) reported today that the turnover rate at large truckload carriers for the fourth quarter of 2013 came in at 91 percent.
By Jeff Berman · March 11, 2014
ODFL increased its first quarter growth expectations to between 11.0 percent-to-11.5 percent compared to previous estimates of 10.0 percent-to-11.0 percent, when compared to the first quarter of 2013.
By Jeff Berman · March 7, 2014
Following the lead of FedEx Freight, who announced a general rate increase (GRI) earlier this week, ABF Freight System, the nation's sixth-largest LTL carrier, rolled out its own GRI this week, too.

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