Less than truckload

ArcBest sees trends rebound during May

ArcBest double on highway

In a filing with the U.S. Securities and Exchange Commission, ArcBest Corp. (NASDAQ: ARCB) reported sequential improvement during the month of May, supportive of recent industry commentary suggesting that the less-than-truckload (LTL) market may have bottomed in April.

The Fort Smith, Arkansas-based logistics provider reported a 22% year-over-year consolidated revenue decline through the first two months of the 2020 second quarter. The April-May period of 2020 has two less working days compared...

https://s29755.pcdn.co/news/arcbest-sees-trends-rebound-during-may

Tech tracking: FourKites unveils dynamic ETA product for LTL shipments

FourKites launches ETA solution for LTL shipping

While Amazon (NASDAQ: AMZN) and its shipping partners like UPS (NYSE: UPS) and FedEx (NYSE: FDX) are able to tell customers where their package is at all times, the reality for most less-than-truckload (LTL) shipping is somewhat more complex. Multiple stops, drops and pickups, along with traffic and last-minute schedule changes impact the ability to provide narrow delivery windows for LTL customers.

Citing a data science breakthrough and the large volume of data from loads within its system,...

https://s29755.pcdn.co/news/tech-tracking-fourkites-unveils-dynamic-eta-product-for-ltl-shipments

April the bottom for less-than-truckload?

Old Dominion triple on highway

Old Dominion Freight Line (NASDAQ: ODFL) reported a 16.2% year-over-year decline in revenue per day during May as tonnage declined 12.1% and revenue per hundredweight, or yield, moved lower.

The less-than-truckload (LTL) carrier reported the May tonnage decline was the combination of a 16.7% decline in shipments, partially offset by a 5.4% increase in weight per shipment.

So far through the second quarter of 2020, revenue per hundredweight is down 4.7% year-over-year, 1.4% lower excluding fuel...

https://s29755.pcdn.co/news/april-the-bottom-for-less-than-truckload

Schneider beefs up shipper offerings with FreightPower

Schneider FreightPower tech

Even as capacity has remained loose in the trucking industry because of COVID-19, Schneider (NYSE: SNDR) has been busy building solutions for when times change. The latest lever in that machine is FreightPower, a technology solution to help shippers unlock more capacity.

“We operate one of the largest North American freight networks, with over 12,000 trucks and 35,000 trailers,” Erin Van Zeeland, group senior vice president of Schneider Logistics Services, said. “In addition to our vast...

https://www.freightwaves.com/news/schneider-beefs-up-shipper-offerings-with-freightpower

Less-than-truckload looking up, say analyst and pricing experts

Old Dominion double on highway

Less-than-truckload (LTL) demand improved through May. The acceleration was notable during the 10-day stretch heading into the Memorial Day weekend. However, the improvement comes off of a very low base that developed in April as COVID-19-related shutdown mandates resulted in most LTL carriers reporting year-over-year tonnage declines in the midteen percentage range with revenue declines in the 20% range.

These were some of the comments shared during Deutsche Bank’s call Monday on the LTL...

https://s29755.pcdn.co/news/less-than-truckload-looking-up-says-analyst-and-pricing-experts

Amazon curtails some service, highways closed, as protests impact freight and driver safety

George Floyd protests impact Amazon

As protests over the death of George Floyd continued around the country on Saturday and into this morning, many turning violent, their impact is now spreading to the freight world.

Amazon (NASDAQ: AMZN) announced that it is recalling drivers and adjusting routes in several cities affected by protests, including Chicago, Los Angeles and Portland, Oregon.

According to Bloomberg, Amazon sent delivery drivers in Chicago and Los Angeles a message advising them to stop delivering packages immediately...

https://s29755.pcdn.co/news/amazon-curtails-some-service-highways-closed-as-protests-impact-freight

Commentary: Digital freight brokers face a moment of truth

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

News reports that Uber is re-evaluating non-core units like Uber Freight did not take me by surprise.

 To learn more about what’s happening, you can read JP Hampstead’s Uber ‘re-evaluating’ non-core units like freight, WSJ reports, which ran in FreightWaves on Monday, May 18.

Defining the problem

In The Business of Platforms by Michael Cusumano, Annabelle Gawer, and...

https://www.freightwaves.com/news/commentary-digital-freight-brokers-face-a-moment-of-truth

Today’s Pickup: Purolator is doing much better than Canada Post

A Purloator driver making a less-than-truckload delivery

Good day,

Purolator, the courier and less-than-truckload subsidiary of Canada Post, had a decent first quarter – all things considered.

Revenue grew by 5.1% to C$457 million (about $331 million) year-over-year, while net profit dropped by 5.9% to C$8 million. Canada Post reported those numbers as part of its first-quarter financial report, which was released on March 25.

Purolator also performed much better than Canada Post as a whole. The government-owned postal carrier, which owns more than 90%...

https://s29755.pcdn.co/news/todays-pickup-purolator-is-doing-much-better-than-canada-post

A tale of two cities and how they’re welcoming trucking facilities

Trucking facilities tend to leave a sizable footprint in the communities where they operate. Their construction and expansion can become a flashpoint and set off local political battles.

Love’s Travel Stops is facing some of that opposition in its attempt to build a truck stop in Glendale, Arizona, on what had been farmland. More than halfway across the country, Old Dominion Freight is trying to build a new terminal in Youngstown, Ohio, where it already has one. There, the company appears likely...

https://s29755.pcdn.co/news/a-tale-of-two-cities-and-how-theyre-welcoming-trucking-facilities

Expeditors International expands digital offering in Fleet Logistics deal

unidentified LTL

Expeditors International (NASDAQ: EXPD) announced that it is purchasing the digital platform of Fleet Logistics.

The Seattle-based international freight forwarder said the acquisition will support its less-than-truckload (LTL) shipping platform, Koho.

Transaction terms were not disclosed.

“As we have said, we will continue to invest in technology and people. This acquisition extends the services within our Digital Solutions division and evidences our commitment to making investments in our...

https://s29755.pcdn.co/news/expeditors-international-expands-digital-offering-in-fleet-logistics-deal

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