LTL

Choosing the right temp-controlled partner can provide profit boost

On-time performance is one of the most important metrics in the transportation industry. When shipments arrive late, companies lose money and jeopardize important partnerships. When it comes to temperature-controlled shipments, however, the stakes are even higher.

“Temperature-controlled is a completely different beast. It is over 100 degrees in the Southeast. Customers want to make sure there are no fluctuations in temperature,” said Frank Hurst, executive vice president of LTL at Echo Global...

https://www.freightwaves.com/news/choosing-the-right-temp-controlled-partner-can-provide-profit-boost

Paccar price hikes propel Q2 profit surge

Paccar charged 15% more for a new truck than a year ago, a driving force behind a surge in second-quarter profits.

But inflation-driven pricing is only part of the story of a record 70% increase in Q2 profitability.

The Bellevue, Washington-based parent of Kenworth, Peterbilt and DAF Trucks charged customers substantially more for new equipment than the roughly 9% increase it paid to build a truck.

“We expect [gross profit] margins of 18-19% in Q3. That’s a testament of how we see the price/cost...

https://www.freightwaves.com/news/truck-and-parts-price-hikes-propel-paccars-q2-profit-surge

The data to watch if Yellow shuts down

The fifth-largest trucking carrier in the country, Yellow (NYSE: YELL) is teetering on the edge of bankruptcy as a dispute between management and the International Brotherhood of Teamsters, the union representing the truck drivers, threatens to massively disrupt operations next week. 

There’s reason to believe that Yellow’s board’s decision not to make a $50 million payment into the Teamsters’ pension fund signals an intention to file for bankruptcy in the near future. And if Yellow doesn’t pay,...

https://www.freightwaves.com/news/the-data-to-watch-if-yellow-shuts-down

How freight brokers can protect themselves against LTL claims

If you’re only shipping a handful of pallets, it makes sense that you should only pay for that amount of space, right?

Less-than-truckload shipping makes it possible for businesses to cost effectively send smaller shipments. In recent years, it has become an important part of many retailers’ shipping strategies. 

As such, more freight brokers and 3PLs are handling LTL shipments domestically, cross-border and internationally and require extra insurance coverage in case of the unexpected.

While...

https://www.freightwaves.com/news/how-freight-brokers-can-protect-themselves-against-ltl-claims

Roadrunner continues to invest in ambitious growth plan as year marches on

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Roadrunner has revamped its business model in a major way over the past few years. The company – which describes itself as “transportation’s greatest comeback story” – has taken several ambitious steps in order to become the well-respected national LTL carrier it is today. 

Roadrunner’s strategic shifts included exiting both the truckload and rail markets in order to focus its full attention on expanding its LTL...

https://www.freightwaves.com/news/roadrunner-continues-to-invest-in-ambitious-growth-plan-as-year-marches-on

XPO positive on LTL focus, investments amid rocky market

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XPO has seen some major growth over the last year since the company announced its plan to divide its tech-enabled brokerage services into its own business, with the core of its business evolving to a stand-alone, purely less-than-truckload carrier serving 99% of ZIP codes in North America.

During April 3’s WHAT THE TRUCK!?! Ali Faghri, chief strategy officer at XPO, shared how the move has already brought value to its...

https://www.freightwaves.com/news/xpo-positive-on-ltl-focus-investments-amid-rocky-market

Middle-mile FreightTech firm Warp launches same- and next-day store delivery

Bringg, Onfleet, FarEye, Veho, AxleHire and a sea of other delivery management platforms are shaking up the last mile. 

But FreightTech startup Warp, which emerged from stealth in February 2022 and is led by two AxleHire veterans, wants to ensure supply chains don’t cut out the middleman.

The Los Angeles-based middle-mile firm on Tuesday rolled out DirectFresh, a new platform offering aimed at perishable shippers. Now live in all major U.S. and Canadian metros and select areas in Mexico, the...

https://www.freightwaves.com/news/middle-mile-freighttech-firm-warp-launches-same-and-next-day-store-delivery

How expedited LTL shipping just became painless

If you do any less-than-truckload shipping, you’ve likely experienced the anxiety that comes with needing to move freight fast but seeing no expedited shipping option in your transportation management system.

But, you don’t have another choice; you still need to move those goods in one or two days. You’re forced to spend hours researching online and making phone calls to carriers, keeping your fingers crossed that one of them can move your shipment in your specific lane. 

What would it be like if...

https://www.freightwaves.com/news/how-expedited-ltl-shipping-just-became-painless

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

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...

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