Trucking revenue broke records in 2021, riding on a wave of mergers and acquisitions as well as swelling rates and unrelenting demand, and analysts forecast that 2022 will continue the positive trend.
FedEx Freight news and analysis. Get the latest news about FedEx Freight and the trucking industry.
08 Mar 2022
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.
23 Feb 2022
Higher rates and accessorial charges helped the largest US less-than-truckload carriers add revenue at an unprecedented pace last year, with the five fastest-growing companies increasing their top line between 30 and 40 percent.
17 Dec 2021
FedEx Freight handled higher freight volumes and helped with the delivery of FedEx Ground packages this fall, relying on price hikes and “judicious” network management.
22 Sep 2021
The largest US trucking company, FedEx Freight, is improving profits while handling more cargo, as sister division FedEx Ground deals with congestion blamed partly on labor shortages.
25 Jun 2021
The largest US trucking company is more profitable than ever despite the capacity and service challenges posed by waves of e-commerce-generated freight and a resurgent industrial economy.
16 Jun 2021
FedEx Freight’s “targeted volume controls” on select shippers amplify industry-wide less-than-truckload capacity constraints that are reshaping the LTL business and sending rates soaring.
21 Apr 2021
The 50 largest US trucking operators increased combined revenue 7.4 percent in a recession as consumers drove frenzied freight demand.
20 Aug 2020
With record parcel volumes expected to continue into the holiday peak season, carriers are implementing surcharges to manage demand while shippers struggle to secure capacity and mitigate costs.
06 Apr 2020
The 50 largest US trucking operators in the United States saw revenue growth throttle back considerably in 2019, but 2020 is shaping up to be even worse.
25 Sep 2019
Kuehne + Nagel handled the largest combined share of US imports from Asia of any non-vessel-operating common carrier in the first half of 2019, followed by Expeditors International and C.H. Robinson, according to PIERS.
20 Sep 2019
The need for speed and distribution points closer to customers is fueling growth and demand for more capacity among LTL carriers, even in a softer overall freight market.
18 Sep 2019
When it comes to profitability, FedEx’s less-than-truckload arm outperformed its bigger, package-focused sister divisions, while gaining e-commerce business.
07 Aug 2019
Tonnage and shipments are falling, but LTL carriers are piling up profits, thanks to a keen focus on the bottom line not noticeable 10 years ago.
07 May 2019
Trucking companies say a proposal by New York Governor Andrew Cuomo to charge a fee for vehicles entering a “congestion pricing” zone in Manhattan would drive up costs that would then be passed on to shippers.
22 Apr 2019
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
20 Mar 2019
Higher volumes of lighter weight, short-distance e-commerce packages sap revenue and yield at FedEx Express, which also expects slower growth in international trade.
26 Feb 2019
Double-digit revenue increases may be more difficult to come by this year than in 2018, but profits and acquisitions are expected to fuel the fastest-growing truckload and LTL companies.
15 Jan 2019
The business model goals of online marketplaces such as Amazon and Walmart involve more than showcasing retailers’ products online.
12 Sep 2018
New facilities and advanced technology paved the way for six-day operations, FedEx executive vice president Rajesh Subramaniam said Wednesday.
05 Sep 2018
Shippers stand to benefit in at least two ways from Amazon’s plans, based on a laser-focused customer fulfillment strategy.
27 Apr 2018
Sponsored: FedEx Trade Networks' Dr. Udo Lange on the art of matching customer needs with freight forwarder capabilities.
20 Oct 2017
FedEx Trade Networks' Dr. Udo Lange on the fundamental challenge of extreme overcapacity in the market, regulatory compliance challenges, and their strategy for ocean freight forwarding.
19 Sep 2017
Higher base rates boosted revenue, but a cyber attack and hurricane helped depress profit at FedEx this summer. The transport operator plans across-the-board rate hikes.
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.
23 Jun 2017
Rail tracks end long before e-commerce's last mile, but Amazon.com has many "touch points" at Union Pacific Railroad, Beth Whited says.
22 Mar 2017
FedEx Freight's latest quarterly earnings show LTL rates rising in the early months of 2017.
28 Feb 2017
Mid-sized LTL carriers increased revenue at a faster pace in 2016 and are poised to grow more.
14 Oct 2016
The Teamsters' long-haul campaign to organize XPO Logistics, as well as FedEx Freight, unfolds terminal by terminal, court decision by court decision.
21 Sep 2016
TNT's European road network, and its ability to handle profitable palletized freight, will be important to FedEx as it integrates global express operations.
01 Aug 2016
Despite lower volumes, many LTL carriers say they are still winning contractual rate increases.
25 May 2016
Freight costing "is a huge challenge," Estes Express Lines' chief operating officer told a technology conference.
18 Mar 2016
As part of an effort to improve yields and better cost and price shipments, FedEx Freight says it will add eight dimensional scanners to the 45 it already uses to reweigh and classify freight at terminals.
17 Mar 2016
Suggestions that Amazon.com’s forays into air freight and logistics might disrupt the business of traditional package carriers or compete with them are “fantastical,” FedEx founder and Chief Executive Officer Fred Smith said Wednesday. “Let me emphasize I choose this word carefully,” Smith said.
03 Mar 2016
FedEx, the largest less-than-truckload carrier in North America and the second-largest trucking operator in the U.S., has joined the league of logistics industry groups, including rival UPS, opposed to a proposed Canadian Pacific-Norfolk Southern railway merger.
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