Logistics company embraces greener practices for brighter future

Over the past several years, consumers and clients alike have asked companies to prove their dedication to people and progress through various corporate responsibility initiatives. In the transportation and logistics industry, those initiatives often focus on reducing pollution and increasing sustainability. This spotlight on the environment isn’t shocking – moving goods across the globe can take a heavy toll on Mother Earth. The U.S. leads the world in carbon emissions, with transportation...

https://www.freightwaves.com/news/logistics-company-embraces-greener-practices-for-brighter-future

Shared truckload solves LTL, FTL inefficiencies

truck at dock

The transportation industry is known for its volatility and rigidity. This is especially true of the less-than-truckload (LTL) model, in which rates and offerings depend heavily on everything from asset availability to proper staffing. While traditional LTL works well for some customers, others feel constrained by the legacy model’s strict guidelines and fee structures.

“There are tremendous faults in the way the freight has to move in the LTL model, as great as it is. If one cog in the machine...

https://s29755.pcdn.co/news/shared-truckload-solves-ltl-ftl-inefficiencies

FedEx Freight expanding cross-border operation in Laredo

Bullish on cross-border trade, FedEx Freight is expanding the size of its operations in Laredo, Texas.

FedEx Freight’s new, 166-door service center will be more than 142,000 square feet, located on 61 acres, said FedEx spokesman Ron Mears.

“The new service center is larger and allows us to better serve our customers in the region now and in the future,” Mears said. “The site was chosen because of its ease of access to major highways, proximity to customers and a strong local community workforce.”

M...

https://s29755.pcdn.co/news/fedex-freight-expanding-cross-border-operation-in-laredo

Flock Freight achieves B Corp status for shared truckload solution

Less than truckload freight being loaded

Environmental sustainability has permeated companies of all sizes in recent years. As of April, though, only about 3,300 companies globally have formally certified themselves as B Corporations.

Flock Freight, a startup focused on converting less-than-truckload (LTL) shipping into full truckloads, is the latest company, and the first freight shipping company it claims, to be named a B Corp company.

“As the first freight shipping company to gain B Corporation status, Flock Freight is setting the...

https://s29755.pcdn.co/news/flock-freight-achieves-b-corp-status-for-shared-truckload-solution

SAIA reports decrease in revenue during second quarter

Saia Inc. (NASDAQ: SAIA) reported second-quarter revenue was $418 million, down $46 million, or 9.9% from last year, according to quarterly financial results released on Wednesday, July 29.

The less-than-truckload (LTL) carrier also reported the revenue decline was driven by a 9.7% decline in shipment volume compared to the prior year.

“The COVID-19 pandemic has created unprecedented disruption and uncertainty for our business and our customers over the last few months,” said Fritz Holzgrefe,...

https://s29755.pcdn.co/news/saia-ltl-freight-beats-analysts-estimates-during-second-quarter

The Daily Dash: HOS changes could be delayed; improving drivers’ mental health

FMCSA considers hours of service changes

The Daily Dash is a quick look at what is happening today in the freight ecosystem. In today’s edition, the Federal Motor Carrier Safety Administration said it is considering a petition to delay the hours-of-service changes, Workhorse gets the OK to sell electric vans in all 50 states, Forward Air branches out and drivers get tips to improve their mental health.

HOS changes, we hardly knew ye?

The flexibility afforded truck drivers with the upcoming hours-of-service changes may be short-lived, if...

https://www.freightwaves.com/news/the-daily-dash-hos-changes-could-be-delayed-and-improving-drivers-mental-health

Paycheck Protection Program loans in manufacturing

The public release of data for Paycheck Protection Program (PPP) loans exceeding $150,000 on Monday by the Small Business Administration has provided visibility into the far-reaching impact of this program. Much has already been written about the impact of PPP on the motor carrier and 3PL sectors, but the PPP’s effect on manufacturing has been less explored. As substantial freight volume comes from manufacturing activity, especially for LTL carriers, examining how PPP loans have affected the...

https://s29755.pcdn.co/news/paycheck-protection-program-loans-in-manufacturing

TW Metals deal highlights GlobalTranz’s managed transportation capabilities

Last week, GlobalTranz, the Phoenix-based, technology-enabled 3PL, announced that it had added TW Metals as an important new customer of its Managed Transportation Solutions division. GlobalTranz reported $1.5 billion in gross revenue in 2019 and has been a prolific acquirer of both logistics and technology companies, completing 11 deals in the past few years.

TW Metals is a specialty metals distributor serving clients like aircraft original equipment manufacturers (OEMs), high-end motorsports,...

https://s29755.pcdn.co/news/tw-metals-deal-highlights-globaltranzs-managed-transportation-capabilities

Shared truckload offers pricing benefits to shippers, carriers

truck driving down highway

The only thing anyone can say for certain about the transportation markets is that they change. Whether due to global disruptions like pandemics or simple seasonality, volumes and capacity are constantly in flux. When these shifts get especially volatile, the whole industry feels the effects. Shared truckload (STL) offers a way for shippers and carriers alike to make the most of any market conditions. 

Shared truckload enables multiple shippers to share trailer space in one multi-stop full...

https://s29755.pcdn.co/news/shared-truckload-offers-pricing-benefits-to-shippers-carriers

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