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
Most of the move has no impact on ecommerce or last mile, but one small change could bring some new demand.
It’s a wide range of opinions that are expressed in FMCSA’s call for comments on changes in the HOS rule.
High spot market trucking rates have caused more carriers to move to that market, but the majority of carriers in a new Transporeon Group survey have remained loyal to their shippers.
The rank-and-file rejected the agreement, but the union says it didn’t meet a minimum level to not accept a deal. UPS appears baffled by all of this.
Driver churn continues to plague the industry as the turnover rate at large truckload carriers has reached its highest point in five years.
Rising driver wages and fuel costs pushed up the cost per mile to operate a commercial vehicle in 2017, according to an annual report released by the American Transportation Research Institute (ATRI). The group said it cost $1.69 per mile to operate a truck last year, up 6% from 2016’s cost.
Tired truck drivers? That’s a big concern based on a new survey by the National Safety Council that found 97% of transportation employers are worried about employee fatigue.
Tender volumes are taking many by surprise, but not those that understand what is happening with the use of ELD’s by small carriers, especially in the dry van segment.
Volvo Trucks will introduce an all-electric truck in California next year before making them commercial available in North America in 2020, the company said.
Military members looking to become truck drivers may have an easier time in doing so as the Federal Motor Carrier Safety Administration (FMCSA) has authorized states to waive the commercial learner’s permit (CLP) knowledge test and driving skills tests.
The long-anticipated Federal Aviation Administration (FAA) reauthorization bill is up for a vote and it does not include the controversial meal-and-rest break provision that the American Trucking Associations (ATA) and other industry forces were seeking.
The smartest minds on Wall Street use charting analytics to quickly identify and then track trends in multiple data sets. Why? Because it works. And now freight professionals are learning how to do the same.
FreightWaves spoke to ArcBest officers about Off Wall Street’s research report, which they said raised concerns about off-balance sheet liabilities related to pensions.
XPO’s seasonal numbers are up 20% from last year. Those sorts of needs is why Amazon has a unique program for a unique group of people.
Schneider National has a Crisis Communications Team that is responsible for planning the safety of employees, equipment and customer freight during hurricanes and other adverse weather situations. Here is some of what they have learned.
Despite publicizing that hours-of-service (HOS) violations would be the focus of this year’s International Roadcheck, Commercial Vehicle Safety Alliance’s (CVSA) annual June event resulted in 43.7% of all drivers placed out of service done so because of HOS violations.
Longer service week aimed at meeting e-commerce related demand
With all the talk of the impact from Hurricane Florence as she comes ashore, likely in the Wilmington, NC, area on Thursday, much of the impact will take place for days and even weeks after the storm is long gone.
Probably to no great surprise to attendees in the room, American Trucking Associations’ Chief Economist Bob Costello painted a very positive picture of the current and near-term freight environment during the ATA’s 2nd Annual Economic Summit last week in Washington, DC.
Speaking at the American Trucking Associations’ (ATA) 2nd Annual Economic Summit on Thursday in Washington, DC, ATA President & CEO Chris Spear touted the accomplishments of the association but told attendees now is not the time to become complacent.
Coverage of three companies were launched with a “buy” rating, while three of them got “hold” ratings.
Drones may someday soon become a primary delivery method of last-mile, but they likely won’t be the only solution, as flexibility in methods will be key to successful delivery.
A Florida trucking company is responsible for the equipment of three colleges getting to away games. It wants to boost that number to 10.
Joe DeLorenzo, director of the Office of Enforcement and Compliance for FMCSA, went through some of the common problems the agency is seeing since the ELD mandate went into effect, and there have been plenty.
Low-speed vehicles are not often considered when companies are looking for commercial vehicles, but upgrades to a line of electric compact utility vehicles could change that.
In today’s pickup: is there too much focus on OR? Also, Old Dominion had a solid July, and there’s a proposal for a new interstate highway.
Overall revenue at Roadrunner is up, but it remains burdened by high interest charges necessary to have given the company a strong capital base.
XPO’s Last Mile business in Canada previously had been serviced out of retail stores. Now it has its first facility.
Opus9 launched its digital platform, automating every step of the truckload and LTL shipping process, Tuesday. The new platform is intended to “digitize an old industry and bring it forward,” according to Vice President of Product Management Jeff Hiller.
