FourKites meshes historical and real-time data for proactive management tool
Weather can cause significant delays to freight. FourKites is trying to help solve that by adding real-time management to its products.
Stay Up to Date on the LTL Industry
Less than truckload (LTL) refers to shipping services for relatively small loads of freight (typically between 150 and 15,000 pounds). One of the main benefits of the LTL industry is cost efficiency. LTL trucking allows shippers to combine several loads going to the same facility into one truck, creating economies of scale, with each shipper only paying for the space they use. On the flip side, LTL shipping can take longer to plan and organize. Shipments may also take longer since the truck has to be filled before it leaves and may have to make multiple stops or transfers on the way to a given destination .
The explosion in online shopping sparked by the pandemic has made a marked impact on the LTL industry. As online shopping grows, demand for LTL trucking has increased significantly, putting stress on an already-burdened industry. To better understand the state of the LTL industry, we teamed up with BlueGrace Logistics to survey shippers about their approaches to LTL trucking in today’s environment.
Download our report to learn more: Evolution of LTL
Weather can cause significant delays to freight. FourKites is trying to help solve that by adding real-time management to its products.
Forward Air names Chris Ruble COO, Matthew Jewell chief commercial officer
Expedited carriers and brokers discuss the reasons for weakness in expedited spot markets.
Kuwait, Middle East-based logistics provider, Agility, generated consolidated revenues of 378.8 million Kuwaiti Dinar (US$1.25 billion) in the first quarter of 2019, the company reported today. That’s a 1.9 percent increase on the revenues generated in the first quarter of 2018.
YRC Worldwide (NASDAQ: YRCW) reported a $31.7 million consolidated operating loss on first quarter 2019 revenue of $1.182 billion. The loss widened from a year ago and revenue fell slightly, […]
YRC Worldwide (NASDAQ: YRCW) posted a $31.7 million consolidated operating loss on first-quarter revenue of $1.182 billion, which declined slightly from first-quarter 2018 revenues of $1.215 billion. In first quarter […]
Getting better use from your logistics assets, whether it be drivers, trucks, trailers, or general staff, is a major theme of Transparency19. And the Rapid-Fire Demonstrations on the second day […]
Convey, the six-year-old company trying to reinvent supply chains, has announced a partnership with MercuryGate that it said will improve the last-mile delivery experience for shippers and end customers. Convey’s […]
XPO Logistics, Inc. (NYSE:XPO) was prepping late last year for a massive acquisition, one that Chairman and CEO Brad Jacobs said Tuesday would have effectively doubled XPO’s $17 billion a […]
TravelCenters of America announced higher fuel volumes and revenue, but one-time charges led to a quarterly loss.
Transplace has announced the appointment of Matthew Harding as senior vice president of data science. Harding, who rejoins Transplace after a nine-plus year stay at Chainalytics, will lead the company’s […]
The two leading shareholder advisory firms have said they will support an International Brotherhood of Teamsters proposal to separate the chairman and CEO positions at XPO Logistics, Inc. (NYSE:XPO) and […]
Rank-and-file approve by 60-40 margin.
Company behind rivals in its pricing position, Jacobs says
Convoy has worked closely with shippers on various projects, including its Convoy Go program that gives owner-operators access to drop-and-hook freight. It has now formalized those efforts in the Innovation Lab.
Good execution has CEO Jacobs in ebullient mood.
Eaton, maker of electrical systems and powertrain components posted record revenue in the first quarter.
Bottom line comes in light. Investors wary to unimpressed.
Recent shipping trends reflect a slowdown in user demand across the air, rail, maritime and truckload modes of transport. Those trends seem to have passed by the $42 billion per […]
Three states and several utilities will study the needs of electric trucks along the I-5 corridor to make long-haul electric trucks a reality. Plus, the future of Cummins, flex fuels, and are the Chinese taking our railway jobs?
Company accelerates re-purchases as it had planned.
Fleets are rapidly deploying video solutions, finally convinced of their benefits, and Trimble is one of the companies benefiting from this.
Nikola Motor Company founder & CEO Trevor Milton admits that he is smart enough to know that there are smarter people than him in the world, and he wanted to leverage that expertise when building his new truck. Enter the industry’s top suppliers.
Nikola Motor introduced its hydrogen-electric truck to the world, and it has a few big supporters, including Anheuser-Busch.
Coretex supplies fleet management solutions. Known for its refrigerated trailing monitoring capabilities, the company has recently expanded more into the cab with a new ELD and other services.
Nikola Motor Company formally introduced its hydrogen-electric tractors, the Nikola Two and Nikola Tre (for Europe) at Nikola World 2019. Here are some photos from the event.
Nel Hydrogen and Nikola Motor are working together to ensure that as Nikola begins deployment of its hydrogen-electric trucks, there is hydrogen fueling stations in place to support them.
The founding of Nikola Motor Company did not happen overnight; it actually dates back to a time when a six-year-old boy was bothering his railroad-working father and was sent to see a train engineer.
If you can get your hands on a Nikola Two hydrogen-electric truck in the near future, it could save you money compared to a diesel model, the company said. Getting one, though, will be hard due to early demand.
Nikola Motor envisions a world that is better off tomorrow than it is today, and it starts with a zero-emission future, the company said, as it introduced five emissions-free vehicles, including two semi trucks.
As workers decide their fate, management works to wean itself off high-volume business.
Bolt System has introduced a new driver app that is designed to streamline paperwork processes and improve the overall driver experience.
After 20 years, Lytx has found itself evolving much in the same way that fleets and society at large have. Founded in 1998 as DriveCam, the company has transitioned into a data business providing insights unthinkable just a few years ago.
Four drivers were inducted into the National Private Truck Council’s Driver Hall of Fame on Monday and the organization also recognized the nation’s safest private fleet operations in a ceremony.
The increase comes after a first quarter update that was strong on the pricing side but a little weaker on the tonnage picture.
Ancra has introduced automated decking, which adjusts itself up and down the trailer based on keypad inputs from the user, eliminating the need to manually adjust support beams.
Providers are in the process of shutting down older 3G cellular networks, and that means the fleets running equipment on these networks could see disruptions.
No pension hikes in the cards under the agreement.
The fluctuating price of fuel makes it difficult for carriers and shippers to know the exact cost to move freight. Genesis Fuel is offering a way to pre-buy diesel at a set price, adding certainty to the cost for both parties.
E-commerce has changed consumer buying habits, but it has also changed the supply chain for less-than-truckload carriers, who have had to adapt in various ways to keep pace.
Two-person teams to be briefed, then local leaders and rank-and-file.
Becoming a Shipper of Choice requires many steps and processes, but it starts with communication, trust and building a relationship.
A new survey of small fleets and owner-operators found they would like to utilize many of the same tools larger fleets do to control costs, including more technology like predictive maintenance.
Group hopes to set standards for `shippers of choice’.
What makes a commodity and agricultural commodity? That is one question that the Federal Motor Carrier Safety Administrations hopes to answer soon, it said, during a regulatory update session at the Mid-America Trucking Show.
Last-mile delivery companies have a new option for managing their businesses as Rand McNally will soon offer a local fleet version of its DriverConnect platform.
Freight levels have dropped from last year, but panelists at the ACT Research conference this week said they have simply returned to more normal levels.
It’s been about 50 years since a truck maker has successfully entered the Class 8 market in North America and lasted, said Dominik Beckman, director of marketing and dealer operations for Hino Trucks. So what makes Hino think it can do that now?
A fold-down ramp is just one of the innovations Morgan Corp. has introduced recently at it looks to build truck bodies to match the growing demands of e-commerce last-mile operations.
Navistar’s Steve Gilligan discussed several technological opportunities for truck makers, including autonomous and electric trucks, during this week’s ACT Research conference.
Several logistics and transportation software providers claim to have machine learning capabilities, but in many cases, the results don’t match the hype.
Rate increases are slowing and could even turn negative later this year, although fleet profits should remain strong for much of the year.
There are plenty of conflicting data points on the direction of the economy, which might suggest that everything may be just fine in the near term.
Flip a switch. Seems easy enough, but for those fleets that think that’s all they have to do with their ELD come December 16, 2019, they may quickly find their truck driver sitting idle, which is why now is the time to start the transition from a legacy AOBRD.
Shippers are buying far more than LTL these days, McReynolds says.
Big data is opening up opportunities for shippers of all sizes, and used properly, it can help reduce shipping rates and improve customer service.
The labor rubber is about to hit the road.
Existing pact extended two months to allow for rank-and-file ratification vote.
Heavy snow melt and rains have caused historic flooding in 16 states and the FMCSA has lifted certain regulations as a result.
FedEx execs counseled patience, but will Wall Street listen?
Bendix is now making its advanced safety systems available for retrofit for models where it was not factory-installed. Plus, U.S. finds little support for postal rate changes, detention time increasing and air cargo boom may be over.
Acquisition to add $75 million in annual revenue.
Revised package worth $3 million more.
While propane doesn’t pack quite the punch diesel does, it does produce enough power to handle many of the tasks at a fraction of the overall cost, advocates say, so why is not a more popular fuel for commercial operations?
Revenues are falling at Roadrunner Transportation Systems, but management remains confident the company is heading in the right direction.
The nominees have been announced and voting is now underway in the inaugural FreightWaves Shipper of Choice awards. The Shipper of Choice Award is in partnership with Convoy.
Volvo has started testing connected vehicle technology in California, plus Michigan governor pitches fuel tax hike, California legislator wants to phase out diesel engines and Alibaba buys into delivery company.
Wagers’ position goes, and so does he.
Modern transportation management systems (TMS) have lowered the cost while increasing the power of the solutions, opening doors for shippers of all sizes to benefit.
Electric trucks dominated the vehicle conversations at this week’s Work Truck Show in Indianapolis, plus the cost of charging vehicles, overtime pay changes and another trucker protest planned.
Innovations in last-mile delivery continue, but each faces challenges to widespread adoption, although UPS, which will trial Thor electric trucks, encourages fleets to test out new technologies.
UPS’ Carlton Rose, president of global fleet maintenance and engineering, said he expects electric power to be the long-term solution in medium-duty, but it isn’t there just yet.
The credit metrics for XPO have weakened but are still good enough for a BB rating.
Electric vehicle charging infrastructure is still in its infancy, but is making progress.
Flashback Fridays previews the soon-to-open Freight Alley Haul of Fame and showcases four trucking companies that contributed to the history of trucking.
Technologies can help prevent rollovers, but a new startup company believes influencing driver behavior is the best approach to preventing rollovers.
Protecting market share is part of the battle over longer trucks.
Compliance issues can result in large fines for companies, which is why some companies find outsourcing compliance programs to experts can be a financial win.
World’s largest ocean freight forwarder continues to grow volume, but impact of liner alliances also take toll on margins.
As the U.S. government works to ease restrictions on where drones can fly, they could become an attractive target for hackers.
Facilities to be shuttered now benefiting from increased business, perhaps NEMF diversion.
Sponsored by Redwood LogisticsThe deployment of technology solutions requires many steps, but using a provider that offers an open systems architecture approach can help ease the transition, eliminating both time and cost.
It is said that moving freight is all about relationships. If that is true, what value does a routing guide provide? A great deal, it turns out.
Today, everything about your business – your brand, all your customer sales and service interactions, your transparency and accessibility – are part of the consideration set of the customer, and that means a different approach to selling.
At least 40 percent of drivers are still using AOBRDs, and nearly 80 percent of those don’t plan to switch to ELDs until the second half of 2019, just ahead of the deadline.
Government continued to pay for services even though it was aware of carrier’s reweigh policies, YRC, others say.
Carrier didn’t give employees 60 days advance notice, suit alleges
UPS has sued a pot delivery company in California saying the company is infringing on hits trademarks; also FreightWaves announces a War on Detention, Connecticut wants to add tolls, and Ford leaves South America.
Was this a battle of wills at the very top?
With the completion of the rights offering, the beleaguered carrier has a completely new capital structure.
Shippers responded to tight capacity and high rates in 2018 by turning to managed transportation providers, and if the predictions for 2019 come true, they will likely continue down this path.
Cargo thefts fell 19 percent in 2018 compared to the year before, according to SensiGuard. Plus, the EU cuts a deal on truck emissions and another trucker protest is planned for this week.
Jacobs now must manage through loss of $600 million of his largest customer’s business.
Share buybacks a better use of capital, Jacobs asserts.
Decision triggered by changes in Verizon Wireless product distribution.
“It’s all about the cost savings, and, by the way, we’re also using the lowest emission option.”
ODFL spends money on aggressive capex building out its network of service centers and maintaining a low tractor-to-trailer ratio, as well as, increasingly, share buybacks.
LTL space in Northeast will be at premium once NEMF goes out. Here’s how everyone is adjusting to the new reality.
How do you re-distribute $400 million of LTL freight? Not easily.
An intersection in New Jersey has been deemed the worst for truck bottlenecks, plus Nikola Motor may be adding a purely electric truck; GM and Tesla are working together, and FedEx Express signs on to a new cargo terminal.