Less than truckload

MyCarrier acquires digital supply chain payments platform Curant

Phoenix-based MyCarrier announced Wednesday it has acquired Curant, a digital payments platform for 3PLs and freight forwarders.

With the acquisition, MyCarrier can provide a single platform for shippers to quote, dispatch, track, analyze, audit invoices, resolve variances and pay their carriers, according to a news release.

Los Angeles-based Curant was founded in 2020 by Joe Magee. Terms of the acquisition were not disclosed. Magee will join MyCarrier as part of the transaction.

“With Curant’s...

https://www.freightwaves.com/news/mycarrier-acquires-digital-supply-chain-payments-platform-curant

Jack Cooper LTL in talks to acquire Standard Forwarding

Startup Jack Cooper LTL is in talks to acquire less-than-truckload carrier Standard Forwarding, according to multiple sources familiar with the matter. Little is known about the new offshoot of Jack Cooper – a Teamsters-staffed car hauler – other than various posts from LTL veterans on LinkedIn in recent weeks showing that they now work for the company.

East Moline, Illinois-based Standard Forwarding is a regional, union LTL carrier with 14 terminals throughout Illinois, Iowa, Wisconsin, Indiana...

https://www.freightwaves.com/news/jack-cooper-ltl-in-talks-to-acquire-standard-forwarding

Why MyCarrier and project44 are fighting in court

Over the summer, two prominent FreightTech companies have quietly become entangled in a fight in a Delaware court about the meaning of the seven-figure, multiyear services agreement they signed in 2023 .

Arizona-based MyCarrier, which provides transportation management, booking and quoting software for shippers using less-than-truckload services, and Chicago-based project44, a leading visibility solutions provider, were close allies for years. MyCarrier’s rate quoting and freight booking...

https://www.freightwaves.com/news/why-mycarrier-and-project44-are-fighting-in-court

FedEx explores divestment of Freight business

FedEx is conducting a strategic analysis of the company’s less-than-truckload segment and its relative value to the company, suggesting that FedEx Freight could be sold or spun off so the company can focus on its parcel and logistics business.

“With the recent completion of the FY 2025 planning process, we have turned our focus to the next phase of our long-term stockholder value creation plans. As a part of this work, our management team and the board of directors, along with outside advisers,...

https://www.freightwaves.com/news/fedex-explores-divestment-of-freight-business

Forward Air’s board rewarded for destroying shareholder value

By Satish Jindel

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

In 2023, Forward Air’s (NASDAQ: FWRD) stock traded at a high of $121 per share. Then the company announced an agreement to acquire Omni Logistics.

The press release had then-Chairman, President and CEO Tom Schmitt quoted as saying, “The combination of Omni with Forward creates a company positioned to achieve the full potential of our LTL business,...

https://www.freightwaves.com/news/forward-airs-board-rewarded-for-destroying-shareholder-value

Shippers move LTL freight to full truckload

Shippers move LTL freight to full truckload
(Photo: Jim Allen/FreightWaves)

The ongoing freight recession is having a multimodal spillover effect as shippers look for creative ways to save costs. Excess supply of trucking capacity remains the 18-wheeled elephant in the room, to such an extent that we see instances in which LTL is losing share to full truckload due to lower costs. Typically full truckload can compete with rail and intermodal when rates are lower, but recent Q1 earnings commentary...

https://www.freightwaves.com/news/shippers-move-ltl-freight-to-full-truckload

Borderlands Mexico: Saia partners with Mexican carrier for cross-border service

Less-than-truckload carrier Saia Inc. announced a new partnership with Fletes Mexico, one of the largest trucking companies south of the border.

Fletes Mexico’s less-than-truckload division, Carga Express, and Saia will provide cross-border freight transport for customers. Saia will service Carga Express’ shipments entering the U.S., while Carga Express will transport Saia’s freight traveling into Mexico.

“Our customers will benefit from Carga Express’ network of distribution centers and...

https://www.freightwaves.com/news/borderlands-mexico-saia-partners-with-mexican-carrier-for-cross-border-service

FedEx deactivates 17 more aircraft as cost controls pay off

FedEx has parked 17 more freighter aircraft since November and relinquished options to buy seven Boeing 767 cargo jets, part of a multiyear cost initiative that helped the parcel titan to better-than-expected operating profit in the third quarter despite lower revenue.

Besides being cautious with aircraft utilization and investments, the Express unit expects to increase savings and yields by turning a portion of the fleet into an extension of the company’s large U.S. and European...

https://www.freightwaves.com/news/fedex-deactivates-17-more-aircraft-as-cost-controls-pay-off

Transfix partners with Rocket Shipping for LTL offering

Digital freight marketplace Transfix announced Thursday that it has partnered with transportation provider Rocket Shipping to provide customers with a new less-than-truckload booking feature.

“Our partnership with Rocket Shipping leverages their deep expertise in LTL and final-mile services, integrating this knowledge directly into Transfix’s Shipper App and combining it with our decade of experience in full truckload,” Jonathan Salama, co-founder and CEO of Transfix, told FreightWaves. “This...

https://www.freightwaves.com/news/transfix-partners-with-rocket-shipping-for-ltl-offering

+ More