Name: James Welch: Focusing on LTL Basics
Uploaded: Apr 29, 2013, 6:14 PM EDT

Senior Editor Bill Cassidy interviews YRC Worldwide CEO James Welch, who is getting closer to his goal of returning the troubled less-than-truckload operator to profitability. Welch is aiming for an operating profit at YRC Worldwide in 2013; last year the company reported its first quarterly operating profit since 2008. The CEO is focusing on what he calls the LTL basics: pick up and deliver freight on time, and "don’t bust it." For further information, consult Bill’s story, too . Contact William B. Cassidy at wcassidy@joc.com and follow him at twitter.com/wbcassidy_joc .

<div class="phx-topic abstract-wrapper"><p>The challenge begins when a shipper decides that waiting for a delayed vessel is more expensive than paying a premium for air freight, industry leaders told the group’s conference in Miami. </p></div>

The challenge begins when a shipper decides that waiting for a delayed vessel is more expensive than paying a premium for air freight, industry leaders told the group’s conference in Miami.

Feature image

Maritime delays can drive costly, complex switch to air freight: Tiaca

<div class="phx-topic abstract-wrapper"><p>Despite the implementation of the updated Air Cargo Advance Screening requirements being pushed back to May 2027, compliance will be difficult, industry leaders told the Tiaca conference.</p></div>

Despite the implementation of the updated Air Cargo Advance Screening requirements being pushed back to May 2027, compliance will be difficult, industry leaders told the Tiaca conference.

Air cargo will struggle to meet revised CBP advance data timeline: Tiaca

<div class="phx-topic abstract-wrapper"><p>While the rate of expansion has begun to flatten out, data center investment by big tech is expected to increase over 40% year over year to $1 trillion in 2027, noted the air cargo analyst. </p></div>

While the rate of expansion has begun to flatten out, data center investment by big tech is expected to increase over 40% year over year to $1 trillion in 2027, noted the air cargo analyst.

Slowing AI demand growth masks hyperscaler spending boom: Rotate

<div class="phx-topic abstract-wrapper"><p>After years of capacity shocks, geopolitical conflict and shifting trade policies, a panel of shipper executives told a Tiaca conference they placed greater value on reliable logistics partners and less on securing the lowest possible freight rate.</p></div>

After years of capacity shocks, geopolitical conflict and shifting trade policies, a panel of shipper executives told a Tiaca conference they placed greater value on reliable logistics partners and less on securing the lowest possible freight rate.

Air cargo shippers prize proactive counsel over crisis-driven rate hikes

<div class="phx-topic abstract-wrapper"><p>Demand by hyperscalers is driving the volume, particularly on the trans-Pacific, but general high-tech products and restocking ahead of November’s online shopping promotions are also filling freighters.</p></div>

Demand by hyperscalers is driving the volume, particularly on the trans-Pacific, but general high-tech products and restocking ahead of November’s online shopping promotions are also filling freighters.

Demand for AI infrastructure propels air cargo peak season

<div class="phx-topic abstract-wrapper"><p>The move followed a USTR notice Friday saying the agency would postpone port fees on China-built or -controlled ships calling at US ports for two months starting Monday.</p></div>

The move followed a USTR notice Friday saying the agency would postpone port fees on China-built or -controlled ships calling at US ports for two months starting Monday.

China extends port fee suspension on US ships to January after USTR deferment

<div class="phx-topic abstract-wrapper"><p>The fresh extension came after the two sides negotiated late into Friday night ahead of the latest deadline of midnight PT.</p></div>

The fresh extension came after the two sides negotiated late into Friday night ahead of the latest deadline of midnight PT.

PMA, ILWU Local 26 extend contract to Nov. 20 as talks continue

<div class="phx-topic abstract-wrapper"><p>Freight delays unwind on different clocks, and the gaps between those clocks decide who profits, writes Paul Tonsager.</p></div>

Freight delays unwind on different clocks, and the gaps between those clocks decide who profits, writes Paul Tonsager.

Container delays generate revenue for different parties at each stop: analyst

<div class="phx-topic abstract-wrapper"><p>The creation of recognized heavy transport “corridors” across the bloc and streamlined permitting procedures are both expected to occur amid the increase in the size of the cargoes. </p></div>

The creation of recognized heavy transport “corridors” across the bloc and streamlined permitting procedures are both expected to occur amid the increase in the size of the cargoes.

Outsized military cargoes force welcome European infrastructure improvements

<div class="phx-topic abstract-wrapper"><p>As key global manufacturers and shippers of high-and-heavy cargo, the four global equipment giants — Caterpillar, Komatsu, Manitowoc and Volvo — signal trends for the breakbulk segment.</p></div>

As key global manufacturers and shippers of high-and-heavy cargo, the four global equipment giants — Caterpillar, Komatsu, Manitowoc and Volvo — signal trends for the breakbulk segment.

Energy, infrastructure projects keep heavy equipment makers in growth mode

<div class="phx-topic abstract-wrapper"><p>Soft demand and upcoming truck emissions regulations are weighing on motor carrier purchasing decisions, despite higher trucking rates.</p></div>

Soft demand and upcoming truck emissions regulations are weighing on motor carrier purchasing decisions, despite higher trucking rates.

Falling US truck orders cast doubt on truckload capacity recovery

<div class="phx-topic abstract-wrapper"><p>With fresh export shipments in a state of flux amid widespread protests, carrier executives in Bangladesh reported limited container bookings and gate-ins for loading in the last few days. </p></div>

With fresh export shipments in a state of flux amid widespread protests, carrier executives in Bangladesh reported limited container bookings and gate-ins for loading in the last few days.

Bangladesh apparel factory disruptions threaten carrier volume targets 

<div class="phx-topic abstract-wrapper"><p>That comes as questions could arise in the new Congress about the role of immigration policy in the widespread move on illegal trucking as enforcement sweeps continue.</p></div>

That comes as questions could arise in the new Congress about the role of immigration policy in the widespread move on illegal trucking as enforcement sweeps continue.

New data shows results of US’ ongoing crackdown on illegal trucking

<div class="phx-topic abstract-wrapper"><p>Choice of carrier, vessel deployment, cargo utilization, route and regulatory exposure can materially change both the environmental result and the economics of a shipment, according to recent industry analysis.</p></div>

Choice of carrier, vessel deployment, cargo utilization, route and regulatory exposure can materially change both the environmental result and the economics of a shipment, according to recent industry analysis.

Shippers face cost execution test in push for lower emissions 

<div class="phx-topic abstract-wrapper"><p>Despite higher freight rates and improving carrier earnings, some analysts question whether tightening capacity can sustain a recovery in 2027.</p></div>

Despite higher freight rates and improving carrier earnings, some analysts question whether tightening capacity can sustain a recovery in 2027.

Trucking recovery takes shape, but headwinds temper carrier optimism

<div class="phx-topic abstract-wrapper"><p>The railroad says the comments threatening higher rates against those who oppose the NS merger were made in jest, but others argue they amounted to threats of retaliation that have prevented shippers from speaking out against the deal. </p></div>

The railroad says the comments threatening higher rates against those who oppose the NS merger were made in jest, but others argue they amounted to threats of retaliation that have prevented shippers from speaking out against the deal.

UP CEO Vena under fire for ‘offhand comment’ about Norfolk Southern deal

<div class="phx-topic abstract-wrapper"><p>Trent Cameron, CEO of Outpost, discusses why effective gate automation should combine installation, software, operational data and exception management in one integrated solution. </p></div>

Trent Cameron, CEO of Outpost, discusses why effective gate automation should combine installation, software, operational data and exception management in one integrated solution.

Creating smarter security

<div class="phx-topic abstract-wrapper"><p>Cheng Cheng, head of operations at Augment, details which ROI metrics executives should be considering, focused first-use cases, and better incentivizing and retaining businesses’ employees through automation.</p></div>

Cheng Cheng, head of operations at Augment, details which ROI metrics executives should be considering, focused first-use cases, and better incentivizing and retaining businesses’ employees through automation.

Building trust in AI

<div class="phx-topic abstract-wrapper"><p>Sam Tibbs, Trochi Data, explores the challenges of truckload pricing, from incomplete market data and skewed rate distributions to fuel volatility, carrier costs and strategies for improving efficiency.</p></div>

Sam Tibbs, Trochi Data, explores the challenges of truckload pricing, from incomplete market data and skewed rate distributions to fuel volatility, carrier costs and strategies for improving efficiency.

Pricing truckload freight in a volatile market | Live at Inland

FALL SALE: Use code FFTW25 to save 25% on first year of a Silver or Silver Plus annual subscription!


Subscribe Now - FT to S/SP - Offer Box

Subscribe and Save

GET INTO A GROUP SUBSCRIPTION: Arm your team with unlimited Journal of Commerce content

Group Subscriptions - Offer Box

Group Subscriptions

FALL SALE: Use code FW25 at checkout and save 25% on a Silver or Silver Plus annual subscription!

Subscribe Now - Anonymous to S/SP - Offer Box

SUBSCRIBE TODAY

UPGRADE TO GOLD AND SAVE: Use code GTT26W at checkout and save $900 on first year of a Gold subscription!

Upgrade Subscription - Gold Trials

Upgrade Subscription

FALL SALE: Use code FGW995 at checkout and save $500 on a Gold annual subscription!

Subscribe Now - Anonymous to Gold - Offer Box

UPGRADE AND SAVE: Use code GW595 and upgrade to Gold for just $595! Valid on first year of subscription.

Upgrade Subscription - S/SP to Gold - Offer Box

FALL SALE: Use code FFTGW995 and save $500 on the first year of a Gold subscription!

Subscribe Now - FT to Gold - Offer Box

SUBSCRIBE AND SAVE

Video

<div class="phx-topic abstract-wrapper"><p>Senior Editor Bill Cassidy interviews YRC Worldwide CEO James Welch, who is getting closer to his goal of returning the troubled less-than-truckload operator to profitability.</p></div>

Senior Editor Bill Cassidy interviews YRC Worldwide CEO James Welch, who is getting closer to his goal of returning the troubled less-than-truckload operator to profitability.

<div class="phx-topic"><p>Senior Editor Bill Cassidy interviews YRC Worldwide CEO James Welch, who is getting closer to his goal of returning the troubled less-than-truckload operator to profitability. Welch is aiming for an operating profit at YRC Worldwide in 2013; last year the company reported its first quarterly operating profit since 2008. The CEO is focusing on what he calls the LTL basics: pick up and deliver freight on time, and "don’t bust it."</p><p>For further information, <a href="http://www.joc.com/trucking-logistics/ltl-shipping/yrc-worldwide/yrcs-welch-aims-2013-operating-profit_20130429.html">consult Bill’s story, too</a>.</p><p><i>Contact William B. Cassidy at <a href="mailto:wcassidy@joc.com">wcassidy@joc.com</a> and follow him at <a href="http://www.twitter.com/wbcassidy_joc">twitter.com/wbcassidy_joc</a>.</i></p><div class="wrapper-full"><dynamic-object type="youtube" resource-id="2kCQ187vlZU"></dynamic-object></div></div>

Related Videos

Recent News and Analysis

Maritime News

Surface News

Air Cargo News

Supply Chain News