LTL

YRC Worldwide (NASDAQ: YRCW) unveiled plans of a new $700 million lending agreement with the U.S. Department of the Treasury, which in turn will receive a stake of nearly 30% in the company. The July 1 press release outlines the latest lifeline for the less-than-truckload (LTL) carrier. The loan...

In a March 4 press release, Old Dominion Freight Line (NASDAQ: ODFL) reported a small decline in revenue compared to the year-ago period. The less-than-truckload (LTL) carrier reported a 1% year-over-year decline in revenue per day for the month of February as daily LTL tonnage declined 5.2%,...

Polaris Transportation Group has acquired PRI Logistics, a third-party logistics brokerage, in a deal that will give the Canadian carrier access to more freight as it grows its cross-border less-than-truckload (LTL) business. Polaris announced the acquisition on Monday, March 2, the same day that...

When shippers talk about operating at maximum efficiency, they are really talking about striking the perfect balance between price and speed. When companies are moving midsize loads, it can be almost impossible to find that balance within the traditional full truckload (FTL) and less-than-...

Roadside repair costs for trucks continue to rise, hitting $450 per repair in the fourth quarter of 2019, up 26% from $358 in the same quarter in 2018. While absolute costs are rising, the overall trend is toward lower average costs among a benchmark group of trucking companies tracked by the...

Forward Air (NASDAQ: FWRD) — also known simply as Forward — a leading provider of ground transportation and related logistics services, has suspended operations in two cities amid a winter storm in the Plains. The company made the announcement at 10:30 a.m. Wednesday, posting on its website: "We...

Roadrunner Freight, the LTL division of Roadrunner Transportation (NYSE: RRTS), is implementing changes in its operations that will reduce the company's transit times in 322 lanes across 29 markets, the company said this week. In an unusual public announcement — these sorts of changes tend not to...

Less-than-truckload (LTL) carriers can rest easy knowing the market unrest that characterized 2019 will not be following them into the new year. The excess supply and softening demand that disrupted the market last year has stabilized, minimizing dramatic rate changes.  Donna Kintop, senior vice...

In a somewhat surprising move, Saia Inc. (NASDAQ: SAIA) CFO Robert Chambers has left the less-than-truckload (LTL) carrier after eight months to return to his former employer, refrigerated warehousing and storage firm Americold Realty Trust (NYSE: COLD), as executive vice president and chief...

A federal judge ordered a new trial in a lawsuit that pit a less-than-truckload (LTL) carrier against Amazon.com, Inc. (NASDAQ: AMZN), siding with the e-commerce giant's argument about flawed procedures in the first trial. In October, a jury in western Washington federal court awarded Waco-based...

A Texas motor carrier scored a legal victory against Amazon.com, Inc. (NASDAQ: AMZN) in a lawsuit highlighting the e-commerce giant's sometimes testy relationship with trucking industry.  Waco-based Central Freight Lines, which has 1,651 power units according to the Federal Motor Carrier Safety...

Less-than-truckload (LTL) shipping involves the carriage of amounts of freight that do not fill up entire trucks. One factor that can make LTL more complicated is that a single truck may take goods for six to eight different parties, with each batch bound for a different destination.  On average,...

A decision by the U.S. National Labor Relations Board (NLRB) in a dispute involving a passenger transport contractor and a local transit union could benefit major less-than-truckload (LTL) carriers in their bargaining with the International Brotherhood of Teamsters. In a majority decision released...

Ten years ago at this time, the less-than-truckload (LTL) industry was in shambles. The Great Recession had ravaged volumes. The market leader, YRC Worldwide, Inc., (NASDAQ: YRCW) was hurtling toward insolvency, to be saved at the end of 2009 only by massive eleventh-hour concessions from its...

Less-than-truckload (LTL) and asset-light provider ArcBest (NASDAQ: ARCB) said late Tuesday, July 30, that second-quarter revenue came in at $771.5 million, down $22 million from the year-earlier period. The company said it managed through the dual impact of a slowdown in LTL activity and slack...