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.
Monday April 6, 2020
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YRC news and analysis. Get the latest news about YRC and the trucking industry.
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Press Releases
03 May 2019
A new contract was approved by 60 percent of YRC Worldwide Teamsters, but the rejection of one supplement holds up ratification.
11 Jan 2018
An unexpected diversion of freight to rails in the wake of last year's hurricanes will cost the trucking company.
14 Dec 2017
James Welch, the executive credited with saving one of the largest less-than-truckload companies, will retire next July, as economic growth buoys the LTL business.
08 Aug 2017
Shippers want faster door-to-door service from less-than-truckload carriers.
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.
06 May 2017
Less-than-truckload operator advances contract talks and said it takes more than price hikes to make a profit.
13 Sep 2016
Many of the largest less-than-truckload carriers are seeking increases in non-contract rates despite the weak freight market.
25 May 2016
Freight costing "is a huge challenge," Estes Express Lines' chief operating officer told a technology conference.
05 Feb 2016
Lower freight volumes drove YRC Freight to a loss in the fourth quarter, but the loss wasn’t enough to erase gains the less-than-truckload carrier made throughout the rest of 2015.
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.
31 Jul 2015
The recovery at YRC Worldwide is gaining traction, as the company's regional and national subsidiaries reported stronger profits based on better pricing and freight mix. The company appears poised to emerge from eight years of annual losses, but executives warn its journey isn't over yet.
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.
20 Feb 2015
The publicly owned trucking companies tracked by JOC.com finished 2014 with $41.5 billion in combined revenue, a 10.9 percent improvement over 2013 attributed to growing industrial output, imports, exports and consumer confidence.
02 Feb 2015
LTL trucker Saia increased revenue and profit for 2014 and the fourth quarter. New equipment that captures the cubic dimension and weight of shipments helped.
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.
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.
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.
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.
01 Sep 2014
A review of publicly owned trucking company earnings in the second quarter shows the strength of freight demand building up as the U.S. economy expanded, supporting growing expectations of a busier than typical peak shipping season in North America this fall.
30 May 2014
After five years of economic growth, less-than-truckload carriers are making progress toward rebuilding their profitability, a review of LTL carrier operating ratios shows.
17 Apr 2014
Ten years after its launch, online shipping marketplace uShip is pursuing both commercial freight and consumer shipments, expanding an innovative LTL spot market and partnering with eBay.
18 Mar 2014
The definition of “supply chain sustainability” has morphed significantly since it came into use 10 or 15 years ago.
07 Nov 2013
YRC Worldwide has asked its International Brotherhood of Teamsters employees to engage in formal negotiations for a contract extension...
20 Sep 2013
James Welch, CEO of YRC Worldwide, is taking charge at YRC Freight, replacing President Jeff Rogers, who left the less-than-truckload carrier abruptly.
04 Sep 2013
ABF Freight System’s $750 million lawsuit against the International Brotherhood of Teamsters and YRC Worldwide has again been rejected by a federal court.
07 Aug 2013
YRC Worldwide today reported a net loss of $15.1 million in the second quarter of 2013, compared with a net loss of $22.6 million in the second quarter of 2012.
02 Aug 2013
Two years into a reorganization that has sharply reduced net losses and led to operating profit, YRC Worldwide is confident enough to consider its first major public stock offering in years as a means of cutting long-term debt from its books.
21 May 2013
LTL Carrier YRC Freight began implementing a change of operations that will close 29 terminals, restructuring its nationwide network to gain efficiency.
03 May 2013
YRC Worldwide today reported a net loss of $24.5 million in the first quarter of 2013, improving from a net loss of $81.6 million in the first quarter of 2012.
23 Apr 2013
The Teamsters union on Tuesday approved YRC Freight's plan to close 29 terminals and change how freight flows through the
17 Apr 2013
YRC Worldwide and its mechanics may have dodged a bullet by reaching a tentative contract agreement and avoiding a potentially costly and disruptive lockout.
12 Apr 2013
YRC Worldwide plans to lock out a small group of mechanics represented by a machinists' union that so far has refused to accept wage and benefit concessions agreed to by Teamsters employees as early as 2009.
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