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.
03 Apr 2020
Surging e-commerce volumes continued to drive growth among the 50 largest global logistics providers in 2019, but excluding Amazon, revenue not only decelerated, it actually fell from the previous year.
09 Mar 2020
Compared with the freight boom of 2018, last year was disappointing for US less-than-truckload carriers, but pricing discipline allow the largest operators to maintain — and in some cases increase — their top line revenue.
05 Mar 2020
“Artificial intelligence is the biggest, biggest catalyst of change that I see in the world, and in our industry,” said Brad Jacobs, the chairman and CEO of XPO Logistics.
03 Mar 2020
XPO Logistics’ founder and CEO plans to use money from the sale of non-trucking business units to increase technology spending at its less-than-truckload (LTL) operations, with a focus on pricing.
11 Feb 2020
XPO Logistics, Old Dominion Freight Line, and Saia are among LTL trucking companies that see encouraging, albeit modest and early, signs for economic growth in 2020.
16 Jan 2020
Expect the sale or spin-off of some business to make XPO more a “pure-play” LTL trucking company — smaller, but more focused on US shippers and better positioned to increase shareholder value.
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.
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.
19 Aug 2019
WiseTech’s purchase of Depot Systems allows it to gain yard container management technology in the US.
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.
21 May 2019
Retail giants Walmart and Amazon have entered into conversations directly with Class I railroads to enter in service agreements, bucking the historical structure in which shippers are required to use intermediaries to procure space.
02 May 2019
XPO Logistics CEO Brad Jacobs says the company has “gotten its mojo back” after losing a $600 million account, and although there is plenty of data to suggest XPO will be fine in the long term, there are still some concerns that the road ahead will be bumpy.
29 Apr 2019
Speculation has run rampant over the past three years that the e-commerce giant would eventually compete with the parcel carriers that move its freight, but it turns out Amazon actually has its sights set on the brokerage market.
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 Apr 2019
Although the e-commerce giant doesn't describe itself as a third-party logistics provider (3PL), Amazon has surpassed major global players such as DHL and Kuehne + Nagel in 3PL revenue.
01 Apr 2019
The largest 50 US trucking firms saw their share of for-hire revenue jump by double digits last year compared with pre-recession levels, as shippers give bigger carriers more business.
15 Feb 2019
Despite a forecast loss of $600 million in e-commerce revenue, XPO Logistics expects to increase revenue 3-5 percent in 2019, as it enters a more mature phase of growth.
29 Jan 2019
European forwarders are trying to blunt ocean carriers from encroaching on their business.
01 Nov 2018
A dynamic, demand-based pricing system similar to those used by airlines and hotels is one part of a broader plan that would affect how freight is shipped in the US LTL market.
03 Oct 2018
XPO Logistics just answered Amazon’s delivery/fulfillment serve with a volley — the deployment of thousands of robotic “cobots.”
13 Aug 2018
Shippers take note: concerning US less-than-truckload trucking companies’ pricing power in contract talks, it’s not the end. It’s not even the beginning of the end.
08 Aug 2018
Fresh from Amazon’s transportation shop, Kenny Wagers sees technology and integration within XPO as the keys to accelerating less-than-truckload growth.
02 Aug 2018
“We do expect a big peak this year because the economy is so good,” Bradley S. Jacobs, chairman and CEO, said in an interview. “...We’ve started staffing up already. That’s one of the reasons we began adding all the technology we’ve been developing.”
24 Apr 2018
Some said it could not be done, but Bradley Jacobs is forging new shipper services by integrating assets and resources from across XPO Logistics’ diverse operating network.
10 Apr 2018
XPO Connect will help shippers find and monitor fluctuating capacity across the logistics firm’s transportation modes.
07 Feb 2018
Technology investments in the warehouse, at LTL docks, and in the last-mile delivery business are in the works at XPO Logistics, which expects consumer and business demand to propel technology in 2018.
02 Nov 2017
E-commerce is accelerating, underpinning an uptick in global trade and US economic growth, XPO's Jacobs said.
04 Oct 2017
Bradley S. Jacobs will receive the 2017 Connie Award in December for 'entrepreneurial spirit,' dedication to an integrated, global supply chain.
13 Sep 2017
XPO Logistics is putting the last mile first.
10 Aug 2017
The second-largest less-than-truckload carrier in the United States is not the company it used to be.
02 Aug 2017
The $14.6 billion logistics and transportation provider accelerated growth at asset and non-asset operations alike in the second quarter, including its LTL division.
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.
26 Jul 2017
The DOD’s US Transportation Command (Transcom) confirmed the contract this week.
18 Jul 2017
XPO Logistics expects a healthy increase in revenue in the second quarter from the first quarter and a year ago, as freight demand in the US picks up.
03 Jul 2017
ArcBest subsidiary's "cubic minimum charge" is designed to help LTL carrier capture more costs.
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