LTL

Check Call: Business deals through the eyes of a hostage negotiator

(GIF: GIPHY)

It’s the end of the month and time for another book review. This month’s book is “Never Split the Difference: Negotiating as if Your Life Depended on It” by Chris Voss. Originally published in 2016, it’s been a longtime classic of the sales and business world. It seemed like a strong contender for a 5-star book. Unfortunately, for me it’s a solid 3.5 stars.

The premise of the book is simple enough: Voss dives into the world of negotiation, using real-life examples from his time as...

https://www.freightwaves.com/news/check-call-business-deals-through-the-eyes-of-a-hostage-negotiator

Freight Essentials takes aim at WWEX Group in federal lawsuit

Logistics firm Freight Essentials filed a federal lawsuit against WWEX Group and its affiliates, alleging that the company is engaging in fraudulent business practices with hidden fees.

The suit was filed Thursday in the Northern District of Texas. It alleges the companies that make up WWEX, including Worldwide Express, GlobalTranz and Unishippers, defrauded consumers and small-business owners by charging hidden fees related to fuel costs and cargo insurance.

GlobalTranz is accused of...

https://www.freightwaves.com/news/freight-essentials-takes-aim-at-wwex-group-in-federal-lawsuit

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

Shuttered California LTL carrier files for bankruptcy

Tony's Express trailers

Less-than-truckload carrier Tony’s Express of Fontana, California, has filed for bankruptcy protection, nearly three months after it abruptly ceased operations by notifying around 200 truck drivers, warehouse workers and office personnel via text message that they no longer had jobs.

John H. Ohle, president and sole shareholder of Tony’s Express, bought the company in May 2023 from brothers Anthony “Tony” Raluy and George Raluy. Their father started the business in 1954.

Less than a year after...

https://www.freightwaves.com/news/shuttered-california-ltl-carrier-files-for-bankruptcy

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

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

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

Produce and ship: How Shared Truckload streamlines transportation efforts

The logistics industry has undergone a technological revolution in recent years, leading to a whirlwind of innovation and modernization. The freight industry’s options for shipping goods on pallets, however, have remained largely unchanged for the past several decades. 

Historically, companies have had two shipping options: less-than-truckload or truckload. Both tend to require some level of sacrifice from the shipper. 

When moving goods via LTL, shippers accept that unpredictable fees and...

https://www.freightwaves.com/news/produce-and-ship-how-shared-truckload-streamlines-transportation-efforts

How Echo Global Logistics is mastering temperature-controlled shipping

From chocolates melting in the heat to pharmaceuticals degrading in the cold, the delicate balance of temperature-controlled shipping is a dance Echo Global Logistics has worked hard to master.

Frank Hurst, Echo’s executive vice president of less-than-truckload, has been a big part of that work. He joined FreightWaves’ Mike Baudendistel and Grace Sharkey on a recent episode of The Stockout to discuss some of the challenges in the refrigerated LTL segment, as well as Echo and Roadtex’s road map...

https://www.freightwaves.com/news/how-echo-global-logistics-is-mastering-temperature-controlled-shipping

+ More