At a time when many transport operators say prices are being beaten down, less-than-truckload freight haulers in the U.S. are winning rate increases in annual contract bids.
ABF Freight System
19 Feb 2016
Third-party logistics providers already control about 25 percent of the less-than-truckload freight market, and that share is growing, as shippers look for 3PLs with assets and broad portfolios.
04 Feb 2016
ABF Freight, the less-than-truckload arm of ArcBest, laid off more than 200 dock and yard workers as LTL shipments and tonnage dropped in the fourth quarter. ArcBest's asset-light businesses saw volumes rise in the same period.
04 Dec 2015
Transporation holding company Arcbest, the parent of ABF Freight, expanded its asset-light business by adding truckload broker Bear Transportation to fast-growing ABF Logistics.
21 Nov 2015
Less-than-truckload shipments increased marginally in the first nine months of 2015, as freight revenue plummeted, thanks largely to the drop in fuel surcharges, SJ Consulting Group says.
03 Nov 2015
ArcBest struggled with the same forces besetting its trucking competitors in the third quarter: lower fuel surcharges, falling shipment volumes and lower industrial output. Its non-asset subsidiaries thrived, however, and ABF Freight still raised prices.
13 Aug 2015
The 28 percent drop in retail diesel fuel prices in the second quarter cut shipper transportation expenses and boosted trucking profits, with the publicly owned motor carriers tracked by JOC.com increasing their combined operating profit by 13 percent. Higher sustainable profits in turn fuel the expansion of capacity needed by shippers.
03 Aug 2015
ArcBest rode a company-wide wave of freight demand in the second quarter, with less-than-truckload carrier ABF Freight System and asset-light subsidiaries increasing revenue and profit. The asset-light businesses, however, grew faster than the asset-based LTL division.