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

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

XPO is hitting record levels of LTL service

XPO recently saw a historic surge in service levels, signaling a new era for its less-than-truckload business.

With this service quality achievement, the freight giant is not just moving goods — it’s raising the bar for efficiency and customer satisfaction.

In a recent discussion with FreightWaves’ Isaiah Buchanan, Anthony Hoereth, senior vice president of sales at XPO, explained how the company has been able to reach the highest service levels in its 40-year LTL history.

In 2021, the company laid...

https://www.freightwaves.com/news/xpo-is-hitting-record-levels-of-ltl-service

Shared truckload creates pathway to efficiency for enterprise shippers

As the trucking industry continues to slog through its toughest downturn since the 2008 financial crisis, analysts have pointed out a slow shift in market trends. Hard-hit carriers have been buoyed by these glimmers of hope in recent months, but the timing of a true market upswing remains difficult to pin down.

This much-anticipated market shift is likely inevitable, although its timing and shape is still unclear.

Some experts expected to see a significant rate jump by the fourth quarter of 2023,...

https://www.freightwaves.com/news/shared-truckload-creates-pathway-to-efficiency-for-enterprise-shippers

The hidden costs of manual LTL shipment life cycle management

The digital era has ushered in innovative technology solutions to complex problems the supply chain has historically faced. While businesses have digitized their operations, too often data remains siloed between various systems and programs. This creates disconnects, requiring manual processes to complete and connect workflows and the resulting communication and information flow to customers. 

Shippers still managing their businesses using individual carrier websites or through internal isolated...

https://www.freightwaves.com/news/the-hidden-costs-of-manual-ltl-shipment-life-cycle-management

How to expedite the process of getting per-load all-risk insurance

Diversifying lanes served and freight capabilities is a strategic way for freight brokers and carriers to expand their networks and grow margins. Because of this, cross-border, high-value and less-than-truckload opportunities are increasingly attractive to transportation and logistics service providers.

Formerly a freight broker for eight years, Mark Vickers, executive vice president and head of international logistics at Reliance Partners, experienced this firsthand. 

He knew earnings...

https://www.freightwaves.com/news/how-to-expedite-the-process-of-getting-per-load-all-risk-insurance

uShip leader rose through ranks from unpaid intern to CEO

Heather Hoover-Salomon, CEO of uShip, said an internship she had growing up in her hometown of Pittsburg, Texas, helped introduce her to the global supply chain industry.

Austin, Texas-based uShip helps people and businesses haul items through use of its online marketplace that connects shippers with customer-reviewed carriers.

“How I got into supply chain logistics … was when I got a job at Pilgrim’s Pride, a multinational poultry business based in Pittsburg,” Hoover-Salomon told FreightWaves....

https://www.freightwaves.com/news/uship-leader-rose-through-ranks-from-unpaid-intern-to-ceo

Shippers buoyed by strong 3PL, carrier partnerships amid LTL crunch

The Yellow bankruptcy represents one of the biggest industry shakeups of the past two decades. Remaining less-than-truckload carriers and shippers alike continue to feel the impacts of the company’s shutdown.

“What that is creating is a massive void in the LTL markets,” R2 Logistics SVP of LTL Operations Frank Dreischarf said. “YRC, by some estimates, handled up to 15% of the overall market share of LTL transpiring in the United States.”

Yellow operated largely within the retail industry. As...

https://www.freightwaves.com/news/shippers-buoyed-by-strong-3pl-carrier-partnerships-amid-ltl-crunch

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