Combined revenues among the 25 largest US LTL trucking companies jumped more than 20 percent in 2021, and the market conditions that allowed for that record-setting revenue growth remain firmly in place in early 2022.
ABF Freight System
ABF Freight System
ABF Freight System news and analysis. Get the latest news about ABF Freight System and the trucking industry.
04 Feb 2022
The pipeline of freight feeding less-than-truckload carriers is getting bigger, expanded by growth from traditional industrial sources and imports moving into LTL trucking networks.
01 Feb 2022
Changes in shipper needs accelerated by the pandemic added more than $1 billion in revenue to ArcBest’s topline last year, driving growth in its asset- and asset-light services.
05 Oct 2021
Recent merger and acquisition activity, such as the ArcBest-Molo deal, proves many investors believe opportunity lies in third-party logistics providers.
29 Sep 2021
The $235 million acquisition of MoLo Solutions will double ArcBest’s available capacity and reflects an industrywide drive to access capacity across modes and networks.
30 Jul 2020
Amid reports of tightening LTL capacity, ODFL, ArcBest’s ABF Freight, and XPO look to put more distance between their businesses and April’s steep decline in volume.
03 Feb 2020
In a lackluster market, ArcBest’s ABF Freight finds it necessary to judiciously mix truckload spot and traditional LTL freight, asset-based, and non-asset services.
27 Dec 2019
Less-than-truckload (LTL) carriers maintained pricing discipline and focusing on their bottom lines in 2019, but the overall outlook for the sector in 2020 still depends largely on a flagging US manufacturing industry.
01 Aug 2017
A steady increase in freight volumes and e-commerce demand is fueling an expansion of LTL networks, with YRC Freight planning eight distribution centers.
03 Jul 2017
ArcBest subsidiary's "cubic minimum charge" is designed to help LTL carrier capture more costs.
09 Jun 2017
As e-commerce reshapes fulfillment and transportation, the effects are evident among logistics companies that make the Fortune 500 list of largest US companies.
29 May 2017
The last mile on the route to e-commerce fulfillment is getting crowded.
08 May 2017
A 40 percent increase in residential business threw ABF Freight System's delivery network out of kilter in the first quarter.
09 Feb 2017
Large less-than-truckload carriers are rolling into 2017 on a firmer foundation and look to boost pricing.
04 Nov 2016
Lower fuel surcharges, lighter shipments, acquisitions costs blamed for lower profit at less-than-truckload, logistics company.
07 Sep 2016
Acquisition of LDS gives ArcBest subsidiary ABF Logistics a route into fast-growing dedicated market.
02 Sep 2016
Import warehouses are next in line as a wave of disruption caused by the sudden shutdown of Hanjin Shipping heads inland. Expect warehouses to be "inundated," a logistics executive says.
01 Aug 2016
Despite lower volumes, many LTL carriers say they are still winning contractual rate increases.
02 May 2016
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.
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.
15 Jun 2015
Two of the largest publicly owned less-than-truckload carriers, Old Dominion Freight Line and ABF Freight System, reported stronger than expected freight demand in the early second quarter, echoing the mid-quarter report of truckload company Landstar System.
28 May 2015
Carlos Martinez-Tomatis, ABF Global’s Division Vice President, on the forecast for trans-Pacific volumes — increasing imports but flat exports — and challenges that can be met by utilizing more less-than-containerload shipping and bypassing distribution centers.
16 Mar 2015
Truck drivers at the Stockton, California terminal of FedEx Freight, the largest U.S. trucking company, voted to join the Teamsters union, making Stockton the fourth terminal to go union since the start of an organizing campaign last fall. However, six terminals have rejected the union, and the Teamsters have withdrawn six election petitions.
06 Jan 2015
ABF Logistics, a subsidiary of transportation holding group ArcBest, expanded by acquiring truckload brokerage Smart Lines.
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.
13 Nov 2014
The third quarter was good to practically all the publicly owned U.S. trucking companies: none reported losses, and their combined revenue rose 10.7 percent to more than $10 billion, supported by a second quarter of stronger freight demand and economic growth.
13 Nov 2014
Road and city drivers at a FedEx Freight terminal in Newark, N.J., voted against joining the Teamsters union — the second victory for FedEx Freight in four elections.
04 Nov 2014
Less-than-truckload carrier ABF Freight System is gaining more freight from competing modes as truckload capacity tightens and intermodal service problems frustrate shippers.
28 Oct 2014
Employees at two Con-way Freight terminals in Southern California rejected the Teamsters while those at another voted for the union. The company could face more elections.
27 Oct 2014
Strong industrial production and manufacturing output mean 'Happy Days' for LTL carriers, despite numerous challenges, the CEO of largest privately owned LTL carrier says.
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