Less than truckload (LTL) refers to shipping services for relatively small loads of freight (typically between 150 and 15,000 pounds). One of the main benefits of the LTL industry is cost efficiency. LTL trucking allows shippers to combine several loads going to the same facility into one truck, creating economies of scale, with each shipper only paying for the space they use. On the flip side, LTL shipping can take longer to plan and organize. Shipments may also take longer since the truck has to be filled before it leaves and may have to make multiple stops or transfers on the way to a given destination .
The explosion in online shopping sparked by the pandemic has made a marked impact on the LTL industry. As online shopping grows, demand for LTL trucking has increased significantly, putting stress on an already-burdened industry. To better understand the state of the LTL industry, we teamed up with BlueGrace Logistics to survey shippers about their approaches to LTL trucking in today’s environment.
Download our report to learn more: Evolution of LTL
The Teamsters union says it wants more details before agreeing to any of less-than-truckload carrier Yellow’s operational changes.
Less-than-truckload carrier Pitt Ohio announced a minority investment in national final-mile platform Aria Logistics.
The Teamsters union promises a fight heading into contract renewals with less-than-truckload carriers.
AskWaves looks at what shippers, carriers, 3PLs and receivers can do to improve less-than-truckload transportation in the grocery space.
This week: St. Christopher brings its benefit concert to a live audience; Lytx awards its customers’ drivers and coaches for top safety records; and XPO Logistics pledges another year of trafficking awareness training for employees.
Less-than-truckload carrier Yellow reported another large decline in volume leading to a fourth-quarter loss.
XPO’s growth strategy includes a wider net for capturing volume, but the less-than-truckload carrier is adamant it will remain price disciplined.
Shares are trading down sharply after Forward Air reported shipping fewer pieces per shipment than expected in the fourth quarter.
XPO takes share in the fourth quarter, posting adjusted earnings ahead of consensus.
Echo Global Logistics said it has hired former Roadrunner president Frank Hurst and XPO operations vice president Phil Resendiz to lead its less-than-truckload efforts.
