Less than truckload Archives - Page 2 of 67

Yellow customers see danger and opportunity in Teamsters fracas

18 July 2023

Yellow (NASDAQ: YELL) just narrowly avoided bankruptcy for the fifth time since 2009.

The potential for collapse is still looming, though. That’s scaring some customers off, according to three brokers and two industry experts interviewed by FreightWaves. Recent notes from investment banks like Bank of America and Stifel have also pointed to customers quietly diverting freight.

However, some shippers — particularly smaller ones who are more conscious of their freight spend — are A-OK with Yellow....

https://www.freightwaves.com/news/yellow-customers-see-danger-and-opportunity-in-teamsters-fracas

MyCarrier, Loadsure partner to reduce LTL claims process from weeks to hours

7 February 2023

Since launching in 2017, less-than-truckload booking platform MyCarrier has focused on automating the inefficiencies of the industry to benefit both its elite carriers and shippers.

On Tuesday, the company announced its next operational win — dynamic, on-demand insurance in partnership with insurtech provider Loadsure.

“We wanted to find a best-in-class provider that can supply that service and risk mitigation for our shippers. Even for our small to mid-market shipper, a single loss can be...

Analysts make divergent calls on trucking in 2023

10 January 2023

Two transportation and logistics analysts placed lukewarm equity opinions on the broader transportation complex on Monday with one favoring ownership of asset-based carriers while the other voiced a neutral stance.

Morgan Stanley sees signs of ‘bottoming,’ raises outlook to ‘in-line’

Morgan Stanley (NYSE: MS) analyst Ravi Shanker has turned more constructive on the transportation and logistics companies he follows, raising his industry outlook to “in-line” from “cautious” in a Monday note to...

Sources: Clarke would seriously consider C.H. Robinson CEO job

9 January 2023

Andrew Clarke, the former CFO at brokerage giant C.H. Robinson Worldwide Inc., would seriously consider an offer from the board to return to the company as CEO following last week’s abrupt firing of president and CEO Bob Biesterfeld, according to sources familiar with the situation.

Clarke, who served as the Eden Prairie, Minnesota-based company’s CFO from 2015-19, would consider it a “fascinating opportunity” to assume the helm of the nation’s largest broker and $25 billion company, said one of...

https://www.freightwaves.com/news/sources-clarke-would-seriously-consider-ch-robinson-ceo-job

FedEx Freight adds returns to home delivery portfolio

6 January 2023

FedEx Freight, FedEx Corp.’s less-than-truckload unit, said Friday that it has added returns to the services offered by its FedEx Freight Direct business, which handles residential and commercial deliveries of big and bulky items ordered online.

The returns service will be available for pickups that don’t require appointments, or have two-hour appointment windows, the FedEx (NYSE: FDX) unit said. Pickups can be made outside of a location, inside a garage, and inside the first ground-level room...

https://www.freightwaves.com/news/fedex-freight-adds-returns-to-home-delivery-portfolio

LTL provider Roadrunner ups service game again

6 January 2023

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Less-than-truckload provider Roadrunner said Thursday it has reduced transit times on several lanes...

Biesterfeld’s ouster could trigger major changes at Robinson

4 January 2023

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The fallout continues from Tuesday’s abrupt firing of C.H. Robinson Worldwide Inc. President and CEO...

https://www.freightwaves.com/news/biesterfelds-ouster-could-trigger-major-changes-at-robinson

Forward Air to buy expedited LTL provider Land Air Express

4 January 2023

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Asset-light trucking provider Forward Air announced Wednesday it will acquire expedited...

Last-mile delivery of big items a fertile field for 3PLs, report says

30 December 2022

The last-mile delivery of big and bulky e-commerce items will be big business for 3PLs through 2025, following the trend of the past four years, according to a report published Thursday by 3PL research and consulting firm Armstrong & Associates Inc. and the National Home Delivery Association.

According to the report, the highly fragmented $9.3 billion market, which grew at an 18.2% compounded annual rate from 2017 to 2021, will experience 11.8% annual growth from 2022 through 2025. The segment...

https://www.freightwaves.com/news/last-mile-delivery-of-big-items-a-fertile-field-for-3pls-report-says

The leap of faith at FedEx

21 December 2022

FedEx Corp. has managed through multiple “show-me” moments in its half-century of operations. But none may be as important as what transpired Tuesday night.

FedEx’s (NYSE: FDX) fiscal 2023 second-quarter results, coming on the heels of a first quarter that included a pre-announcement of shockingly bad numbers, were important in trying to convince analysts, investors and the transportation community that the business either has been stabilized, albeit at what would be considered...

https://www.freightwaves.com/news/the-leap-of-faith-at-fedex

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