LTL Trucking Logistics

LTL Trucking Logistics

News pertaining to the transportation and logistics services provided by LTL (Less than truckload shipping or less than load (LTL) carriers, which transport relatively small freight. The alternatives to LTL carriers are parcel carriers or full truckload carriers. Parcel carriers usually handle small packages and freight that can be broken down into units less than 150 pounds (68 kg). Full truckload carriers move freight that is loaded into a semi-trailer. Semi-trailers are typically between 26 and 53 feet (7.92 and 16.15 m) and require a substantial amount of freight to make such transportation economical

Finally, the most commonly referenced LTL are shipments via “common” carriers that handle freight above what would normally ship via FedEx Ground, or UPS or U.S. Mail parcel services (about 150 pounds), to just under what would usually be considered a Truck Load at about 20,000 pounds or more than 14 pallets. LTL common carriers are also more likely to accept loose (non-palletized) cargo than the other two. The biggest of the LTL “Common” Carriers are the Freight divisions of FedEx and UPS, and YRC Freight (Formerly Yellow Freight and Roadway). Other large national carriers include YRC, FedEx Freight, or UPS Freight, such as: Old Dominion Freight Lines, Saia, or Estes-Express to name a few.

Top 25 LTL Trucking Companies

Commentary

LTL capacity will continue to be tight and rates will keep rising in 2022, but shippers can minimize the impact of this challenging market by modifying their shipping practices to be more carrier-friendly.

News & Analysis

22 Sep 2022
A US court ruling that declared Rhode Island’s truck-only tolls unconstitutional will save tens of millions of dollars in operating and shipping costs yearly for truckers and their customers.
21 Sep 2022
US for-hire truck tonnage jumped 2.8 percent in August from July, according to the American Trucking Associations, as consumers and the US economy remained resilient despite inflation.
15 Sep 2022
The US producer price indexes (PPIs) for trucking dropped in August as contract pricing cooled and fuel prices and surcharges came down.
13 Sep 2022
MyCarrier has created automation partnerships with 15 less-than-truckload (LTL) carriers and will handle more than $1 billion in shipper freight spend, factors that induced venture firms to invest $22 million in the company.
12 Sep 2022
The average manufacturing shipping volume rose 1 percent in August year over year, while other industries saw their truck shipments drop 4.6 percent, according to FourKites.
07 Sep 2022
LTL shipments at Old Dominion Freight Line fell about 3 percent year over year in August, following a more seasonal pattern than August 2021 when shipments jumped 17 percent.
30 Aug 2022
The incoming CEO of XPO Logistics is intent on adding capacity in the form of terminals, trailers, and drivers to meet long-term demand for less-than-truckload services.
23 Aug 2022
The American Trucking Associations reports truck tonnage levels were still high in July, running counter to reports that trucking demand is weakening ahead of the fourth quarter.
16 Aug 2022
It is “highly probable” US shippers will recover at least some of last year’s truckload rate hikes, as the Cass Freight Index shows a sequential drop in truckload linehaul costs.
12 Aug 2022
Declines in the producer price indexes for various sectors of trucking reflect falling fuel surcharge revenue and lower rates in new contracts, but don’t point to a large-scale pricing rollback.
11 Aug 2022
Some of the largest US less-than-truckload carriers, including FedEx Freight, are adding terminals and doors to their networks as LTL freight demand defies the threat of economic recession.
10 Aug 2022
Strong trucking demand beyond the truckload spot market is to keep pressure on truck pricing, and will do so into 2023, speakers at a JOC webcast said Wednesday.
02 Aug 2022
The US trucking market is reinventing itself after a significant spot market correction, with larger contract carriers expecting steady freight demand through 2022 despite economic fears.
27 Jul 2022
The gap between truckload and LTL grows wider as LTL carriers maintain pricing discipline and focus on network density to drive revenue and profit growth.
20 Jul 2022
A shift of freight to contract trucking providers and rising fuel prices boosted shipper spending on trucking across the US in the second quarter, even though volumes fluctuated by region.
15 Jul 2022
A 2.4 percent drop in the long-haul truckload producer price index for June shows contract truckload rates are softening, but prices shippers pay for LTL and specialized trucking continue to rise.
14 Jul 2022
The Cass Freight Index shows volatility in shipment volumes, rates, and modal mix with the US economy in a “soft patch” in June.
12 Jul 2022
The US economy likely contracted in the second quarter, but analysts see signs of growing freight activity ahead.
08 Jul 2022
For-hire US trucking companies have added more than 62,000 real jobs since April, a record number for the period fueled by continuing strong contract freight demand.
06 Jul 2022
Pittsburgh-based Pitt Ohio is filling a gap in its regional map by acquiring Teal’s Express, a New York-based less-than-truckload (LTL) carrier.
06 Jul 2022
Less-than-truckload (LTL) transportation is more than it used to be, and that’s leading to acquisition and expansion in a US trucking sector that is slowly becoming more international in its focus.
29 Jun 2022
FedEx expects its trucking operating profits to keep rising, despite what could be a rocky economic road in the second half of 2022, executives said at an investor meeting.
28 Jun 2022
The less-than-truckload industry is positioned to ride through a rocky soft patch in the economy and even a short recession with higher pricing, carrier executives at the SMC3 Connections conference said.
24 Jun 2022
Long-haul LTL carrier Roadrunner is cutting transit times in 66 lanes and adding more direct routes and truck drivers as freight demand from its shippers remains strong, company executives say.
22 Jun 2022
Despite softening spot rates in some modes, overall supply chain costs are rising, with higher interest rates putting more pressure on inventories, according to the CSCMP State of Logistics report.
15 Jun 2022
US producer price indexes show overall transportation costs and total trucking costs moved higher still in May, and S&P Global expects the trend to continue.
10 Jun 2022
Pall-Ex Group, a franchise network of more than 700 truckers hauling palletized freight across Europe, wants to set up shop in the US and is looking for a beachhead in the LTL market.
07 Jun 2022
The cooling of trucking’s transactional spot market signals a “realignment,” not a contraction, as shippers cement contractual agreements and freight demand rises, albeit more slowly.
03 Jun 2022
The addition of 22,500 trucking employees in May after a 14,900-gain in real jobs in April reveals a trucking sector confident in continuing freight demand as markets realign in 2022.
30 May 2022
Expanded use of trailer pools will help ‘consolidate truckload services’ and speed goods more efficiently, but first trucking companies, brokers, and shippers need more trailers.
23 May 2022
US Labor Department data that includes contract rates shows no drop in overall truck pricing in April, despite a truckload spot market rate plunge.
18 May 2022
Increases in industrial production and retail sales in April suggest continuing strength in overall freight demand, despite tumbling truckload spot rates.
13 May 2022
The debate over whether a freight recession is starting in US trucking is getting hotter as spot rates decline but other demand and pricing indicators stay positive.
11 May 2022
Demand for LTL capacity is rising even faster than carriers can add terminals and doors, pushing rates higher still.
10 May 2022
Forward Air is acquiring a Seattle-based drayage company as part of its strategy to direct more transloaded international container freight to its expedited LTL network.