LTL Shipping

LTL Shipping

News pertaining to less than truckload shippers, small freight, parcel carriers and more.

Commentary

The less-than-truckload industry saw some resurgence in 2014 with carriers’ ability to dig out of suboptimal returns from low-single-digit operating margins. Third-quarter results for publicly traded LTL carriers show a collective operating ratio of 92, a significant improvement from 94 a year ago. This should give LTL carriers optimism about achieving a much-needed 10 percent operating margin by the third quarter of 2015.

News & Analysis

17 Dec 2014
Rising volumes propelled FedEx profit up 23 percent year-over-year to $616 million in its second quarter ended Nov. 30, the second-largest U.S. transport operator reported today.
16 Dec 2014
An American Trucking Associations survey of 130 trucking companies places median truck driver pay in a range from $46,000 to $73,000 a year, depending on the type of company they work for and freight they haul.
15 Dec 2014
Encouraged by strong manufacturing activity and freight demand, less-than-truckload carriers are raising their non-contract and contract rates. Old Dominion Freight Line is the latest LTL carrier to issue an average general rate increase of 4.5 percent effective Jan. 5.
12 Dec 2014
Con-way Freight workers in Miami Lakes, Florida, voted to join the Teamsters union, making their facility the third in Con-way's LTL network to go union. Three other terminals have rejected the Teamsters.
12 Dec 2014
Regional LTL carrier Holland commits to hiring 500 veterans, seeking drivers and other workers as the U.S. military reduces its overseas forces.
11 Dec 2014
As large LTL carriers and international shippers begin to develop density-based pricing alternatives, the classification system still dominates LTL costing and, by extension, pricing.
10 Dec 2014
Labor organizations and retiree advocates are attacking a proposed amendment to the $1 trillion omnibus spending bill that would let troubled multiemployer pension plans cut benefits to vested retirees.
10 Dec 2014
The likelihood that truck drivers will have different hours of service rules next year is increasing, as Congress wraps language that will change suspend some 2013 HOS changes into its $1 trillion spending bill.
09 Dec 2014
Freight shipments and spending by shippers dropped slightly in November, but remain at a post-recession high point, according to the latest Cass Freight Index.
U.S. Capitol building with flag in front.
09 Dec 2014
An amendment that would suspend the current 34-hour restart provision in the truck driver hours of service rules pending further study is buried deep within the omnibus spending bill being crafted by Congress. Will it survive as Congress struggles to pass spending legislation before midnight Dec. 12 to avoid a government shutdown?