La industria menos que la carga de la carga puede enfrentar un cambio sísmico a medida que circulan los rumores de que el gigante de comercio electrónico Amazon se está preparando para expandir las operaciones como un operador LTL de alquiler. Los mercados LTL, que ya están lidiando con tibias...
https://fullavantenews.com/amazon-esta-en-curso-para-volcarse-la-industria-ltl/?lang=es
The less-than-truckload industry may face a seismic shift as rumors circulate that e-commerce behemoth Amazon is preparing to expand operations as a for-hire LTL carrier.
LTL markets — already grappling with tepid demand and pricing pressures — now confront the specter of a formidable new entrant. Recent data suggests that the industry is approaching an inflection point where carrier pricing discipline could begin to erode.
Amazon’s strategic maneuvering toward LTL capabilities is evidenced by...
https://www.freightwaves.com/news/is-amazon-on-course-to-upend-ltl-industry
Less-than-truckload carrier ABF Freight and parent ArcBest Corp. have entered private purchase agreements to acquire two leased properties totaling $11.5 million from defunct Yellow Corp.’s estate, according to a Wednesday filing in a federal bankruptcy court in Delaware.
ArcBest (NASDAQ: ARCB) is acquiring a 108-door terminal on 32.5 acres near Denver for $7 million and a 60-door service center on 12.6 acres near Seattle for $4.5 million.
The company picked up four of Yellow’s terminals valued...
https://www.freightwaves.com/news/abf-freight-latest-ltl-carrier-to-nab-yellow-terminals
El proveedor de transporte y logística ArcBest anunció el lunes que ha desarrollado una carretilla elevadora que puede capturar las dimensiones de un envío. Actualmente, la compañía está utilizando la tecnología en un piloto de prueba. También anunció que ha abierto sus ofertas de tecnología Vaux a...
Transportation and logistics provider ArcBest announced Monday it has developed a forklift that can capture the dimensions of a shipment. The company is currently using the technology in a test pilot. It also announced it has opened its Vaux technology offerings to other industries.
“Accurate freight dimensions have become increasingly important, but standard static dimensioners can be cost-prohibitive and inefficient for many businesses,” said Dennis Anderson, ArcBest’s chief innovation...
https://www.freightwaves.com/news/arcbest-deploying-freight-dimensioning-forklifts
Financial results across the less-than-truckload industry remain constrained as the industrial economy enters the third year of a downturn. ArcBest has been working to improve profitability by revamping its freight mix and focusing on efficiency and cost-cutting initiatives, but at some point, it needs more volume to bear fruit.
The Fort Smith, Arkansas-based transportation and logistics provider reported fourth-quarter adjusted earnings per share of $1.33 on Friday, 28 cents better than the...
https://www.freightwaves.com/news/arcbest-ltl-industry-short-on-volume
Transportation and logistics provider ArcBest (NASDAQ: ARCB) reported fourth-quarter adjusted earnings per share of $1.33 on Friday, 28 cents better than the consensus estimate but $1.14 lower year over year.
The adjusted result excluded 9 cents per share in items considered one-offs, like expenses tied to past acquisitions, costs from technology pilot programs, equipment and software write-downs, and a reduction in the expected earnout at truck broker MoLo, which was acquired three years ago.
“Th...
https://www.freightwaves.com/news/first-look-arcbest-q4-earnings
ArcBest has named new commercial and strategic leaders. The changes, announced Thursday, are effective Feb. 1.
Eddie Sorg will become chief commercial officer at ArcBest (NASDAQ: ARCB). He is currently chief operating officer of the company’s asset-light unit, which includes freight brokerage. Sorg is credited with several profit-improving initiatives since joining the company 30 years ago, including space-based and dynamic pricing in the less-than-truckload segment. He will oversee sales,...
https://www.freightwaves.com/news/arcbest-announces-leadership-changes
Investors are getting more optionality when it comes to playing the less-than-truckload market. FedEx Corp. said Thursday it will move forward with a plan to spin off FedEx Freight, the nation’s largest LTL carrier, which experts say could be worth as much as $30 billion.
Details surrounding the transaction were sparse, but FedEx (NYSE: FDX) said separating into two publicly listed companies – a domestic and international package and freight business generating $78 billion in annual revenue, and...
https://www.freightwaves.com/news/a-stand-alone-fedex-freight-gives-ltl-investors-another-pure-play
Less-than-truckload carriers are still seeing negative tonnage results at what is likely the bottom of the cycle. XPO and Old Dominion Freight Line are the latest to provide November results after updates from a pair of carriers sent shares for the group lower on Tuesday.
XPO eyeing Q4 margin improvementXPO (NYSE: XPO) reported a 4% y/y decline in tonnage per day during November, which followed an 8% decline in October. October was up against a tough comp due to a cyberattack at Estes last year...
https://www.freightwaves.com/news/xpo-old-dominion-waiting-for-market-turn