LTL

Why you’ll never give the partial, LTL or truckload shipping modes your midsize freight again

Faster, safer, better — these consumer expectations for e-commerce delivery are driving a speed-focused freight market. This need for speed has inspired e-tail giants like Amazon to set new shipping standards for same-day delivery. The only way for manufacturers and shippers to provide such quick service? Sending products right away.

Historically, shippers with 10-28 linear feet of freight have had three types of service to choose from:

  • Partial truckload (PTL)
  • Volume less-than truckload (VLTL)
  • Tr...

https://www.freightwaves.com/news/why-youll-never-give-the-partial-ltl-or-truckload-shipping-modes-your-midsize-freight-again

Do changing LTL limits create new hurdles for shippers?

Every company aims for maximum profitability. The rapid introduction of technology has allowed companies across the supply chain to drill deeper into their business models and discover previously hidden opportunities to bring in more revenue. For less-than-truckload carriers, that has meant lowering linear-foot caps from 16 linear feet to 12 linear feet and turning away freight that exceeds those caps. When less-than-optimal freight is not outright denied, punitive pricing measures make moving...

https://www.freightwaves.com/news/do-changing-ltl-limits-create-new-hurdles-for-shippers

FedEx Freight customer dump shows LTL carriers in driver’s seat

A white FedEx tractor trailer at a warehouse door.

Hundreds of shippers, including ones that supply big-box retailers like Home Depot and Lowe’s, are scrambling for transportation after FedEx Freight (NYSE: FDX) on Monday abruptly stopped truck pickups at many locations to help overwhelmed terminals restore productivity levels.

The snap decision to jettison thousands of customer sites from its network was an aggressive response to unprecedented volumes and capacity constraints, but FedEx is not alone among less-than-truckload companies in...

https://www.freightwaves.com/news/fedex-freight-customer-dump-shows-ltl-carriers-in-drivers-seat

FedEx Freight prunes 1,400 customers to protect service levels

A FedEx truck with a double-trailer moves along a desert highway.

FedEx Freight is immediately cutting service to about 1,400 less-than-truckload customers, affecting thousands of locations, in an effort to reduce terminal bottlenecks and shipping delays as unprecedented amounts of tonnage pour into the sector. 

The heavy trucking division of FedEx Corp. (NYSE: FDX) began notifying select manufacturers, retailers and logistics companies on Friday that it will stop picking up their goods as of Monday, leaving them virtually no time to make alternative shipping...

https://www.freightwaves.com/news/fedex-freight-prunes-1400-customers-to-protect-service-levels

Breaking news: Worldwide Express, GlobalTranz to merge

Third-party logistics providers Worldwide Express LLC and GlobalTranz Enterprises LLC said Friday that they have merged in a multibillion-dollar deal arranged by a consortium led by CVC Capital Partners, which is providing most of the equity to consummate it.

The merger, expected to close sometime in the third quarter, will create a $4 billion-a-year organization that will have distinct modal strengths yet have its hand in most of the U.S. transportation pie. Both firms have strong relationships...

https://www.freightwaves.com/news/breaking-news-worldwide-express-globaltranz-to-merge

LTL not out of the woods, but opportunities burgeoning

The less-than-truckload industry has proved resilient amid a pandemic and a plethora of supply chain disruptions. However, Mark Redini, senior vice president of LTL pricing and solutions at Echo Global Logistics, urges the industry not to let its guard down just yet.

“LTL carriers quickly adapted to the changes and continued working over the course of the pandemic; they never really missed a beat,” Redini said, applauding the industry’s efforts but suggesting that there’s more work to be done.

Red...

https://s29755.pcdn.co/news/ltl-not-out-of-the-woods-but-opportunities-burgeoning

A healthier planet depends on a greener supply chain

truck in front of windmills

Logistics is a dirty industry. The U.S. is one of the largest carbon emitters in the world, and the movement of vehicles is the number one source of those emissions. Freight trucks are responsible for about 23% of overall transportation in America, making these diesel-burning vehicles responsible for a whole lot of ozone-threatening emissions. Consumers are becoming more aware of both the urgency of climate change and the complexities of the supply chain, while transportation companies are...

https://s29755.pcdn.co/news/a-healthier-planet-depends-on-a-greener-supply-chain

Schneider offers digital tools to help shippers compete in tight market

The trucking market is tight and getting tighter. In a market like this, securing capacity can become a time-consuming challenge. This is especially true for smaller shippers who often lack the technology that gives their larger counterparts an edge. Schneider, a premier provider of trucking, intermodal and logistics services, has expanded its digital marketplace – Schneider FreightPower® – to shippers of all sizes, effectively giving small players the tools they need to stay on top of a...

https://www.freightwaves.com/news/schneider-offers-digital-tools-to-help-shippers-compete-in-tight-market

Why LTL is perfectly positioned to take e-commerce market share

This is an excerpt from Monday’s (3/22) Point of Sale retail supply chain newsletter sponsored by ArcBest.

The consumer spending boon, driven by government stimulus, is driving elevated demand for every mode of freight from ocean to air. Less-than-truckload is no exception. Not only are LTL providers seeing a surge in demand from Americans now ordering anything and everything online, but because of the imbalance between truckload supply and demand, nontraditional TL freight is spilling over into...

https://www.freightwaves.com/news/why-ltl-is-perfectly-positioned-to-take-e-commerce-market-share

LTL platform MyCarrier raises $8M Series A

Carrier-distributed platform analyzes SMB shipper behavior

MyCarrier, a software company with a less-than-truckload transportation management system for small and midsize shippers, announced Tuesday morning that it had raised an $8 million Series A venture capital round led by Greycroft and Lerer Hippeau.

MyCarrier was founded in 2017 by Michael Bookout and Chris Scheid, both transportation industry veterans who worked together at GlobalTranz. The company launched its minimum viable product in...

https://s29755.pcdn.co/news/ltl-platform-mycarrier-raises-8-million-series-a

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