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

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.
22 Apr 2022
Knight-Swift now gets 13 percent of its revenue from its regional less-than-truckload subsidiaries, as it adds terminals and expands from a “super-regional” to a national footprint.
20 Apr 2022
Carrier executives say US transportation markets are stabilizing, with spot rates falling as freight shifts to contract carriers, but new approaches to contracting and planning are needed to control costs.
18 Apr 2022
Recent gains in manufacturing activity, including consumer goods production, suggest continued expansion of US freight demand while dampening worries about retail spending.
15 Apr 2022
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.
14 Apr 2022
Truckload spot rates have cooled considerably in the last 45 days, but a larger freight recession may not be on the horizon given demand remains strong in other modes of commercial transportation.
07 Apr 2022
Forwarding software provider Magaya is wading into the less-than-truckload technology market with an automated pricing tool meant to help its customers quote faster to shippers.
16 Mar 2022
Growing e-commerce and import-export business is pulling Northeast regional LTL carrier A. Duie Pyle south to Virginia, where it plans to open three terminals and connect to ports.
14 Mar 2022
The sudden increase in fuel-related shipping costs caused by the war in Ukraine is already changing how shippers plan to move goods within the US, forcing them to consolidate shipments and even change modes.
11 Mar 2022
Less-than-truckload provider Yellow denied liability but agreed to settle a longstanding allegation that it charged the US Department of Defense too much for certain shipments before 2013.
09 Mar 2022
The truckload and less-than-truckload markets are closer than ever, as retail demand and inventory replenishment put pressure on capacity, Knight-Swift CEO David Jackson says.
08 Mar 2022
XPO Logistics is spinning off its North American truckload brokerage business and looking to sell off its intermodal group.
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.