By John D. Schulz ·
May 1, 2023
As the $830 billion trucking industry prepares for what could be the first full “normal” year since the pandemic caused tidal waves in supply/demand cycles, the “best of the best” are concentrating on strategy, operations and execution. Our trucking correspondent examines what’s ahead for trucking in 2023.
By SCMR Staff ·
April 12, 2023
Latest TD Cowen/AFS Freight Index shows tumbling truckload rates, cooling LTL costs and conflicting forces are pressuring parcel rates.
By John Schulz ·
March 27, 2023
The Teamsters union and Yellow Corp., the union’s largest employer in the less-than-truckload (LTL) sector, aren’t wasting any time throwing shade on each other. The Teamsters’ labor agreement with Yellow does not expire until March 31, 2024. But hard feelings over the “One Yellow” terminal reorganization may be poisoning the waters well before negotiations even begin.
By Jeff Berman ·
March 22, 2023
Logistics Management Group News Editor Jeff Berman recently spoke with Adam Satterfield, CFO of Thomasville, North Carolina-based national less-than-truckload (LTL) carriers Old Dominion Freight Line about various industry trends and themes, including: the current state of the LTL market, the freight economy, rates and pricing, and supply chain shifts, among others.
By LM Staff ·
March 14, 2023
February’s shipment reading—at 1.167—was down 0.3% annually, up against an easy annual comparison, while rising 3.8% over January’s 1.124 reading. And the February expenditures reading—at 4.020—was off 9.7% annually, while seeing a 1.9% decline, from January to February.
By John D. Schulz ·
March 12, 2023
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?
By SCMR Staff ·
March 8, 2023
TIA’s latest 3PL Market Report shows members have managed to grow business despite challenging conditions.
By LM Staff ·
March 2, 2023
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.
By LM Staff ·
February 27, 2023
Company is offering five courses with once-a-week sessions and on-demand components
By Jeff Berman ·
February 20, 2023
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.
By John D. Schulz ·
February 13, 2023
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.
By Jeff Berman ·
February 9, 2023
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.
By LM Staff ·
February 6, 2023
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.
By LM Staff ·
February 1, 2023
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.
By Jeff Berman ·
January 26, 2023
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 to and from Watertown, in Northern New York.