Five or 10 years ago, a truckload carrier would have looked askance at acquiring an LTL carrier. Truckload carriers were comfortable shipping directly from the shipper to the consignee at a minimal fixed cost, a model that runs counter to the multistop terminal networks of LTL carriers. The truckload-LTL relationship was mostly confined to truckload carriers handling shipments of overflow LTL freight weighing more than 8,000 pounds if LTL capacity was too tight to meet the demand.
However,...
Are grain markets seeing a squeeze?
Andrew Cox reports the differences being revealed between air cargo and airline passenger business recovery. Cox says cargo saw less of an impact from the pandemic so the recovery has been sharper than for passenger flights.
Echo Global Logistics has reported great growth in earnings, showing increases in volume, total revenue and truckload revenue.
LTL provider Old Dominion also posted great fourth-quarter earnings, posting a 76.3% operating ratio in Q4 and...
https://www.freightwaves.com/news/from-earnings-to-exports-midday-market-update
Less-than-truckload (LTL) operations returned to near normal Friday while parcel services were restored to many markets along the Texas-Louisiana Gulf coast as Tropical Storm Laura tracked through southeastern Missouri heading for parts of the Tennessee and Ohio River Valley regions.
Old Dominion Freight Line Inc. (NASDAQ:ODFL) reported that all of its stations in the region were at 100% capacity except for Beaumont, Texas, which was reported at 50% capacity, and Monroe, Louisiana, at 80%. YRC...
https://s29755.pcdn.co/news/ltl-parcel-networks-return-to-life-as-laura-leaves-gulf
Less than 12 hours after making landfall, Hurricane Laura was downgraded Thursday morning from a potentially catastrophic event to a Category 1 storm. Yet it was still packing 75 mph winds and heavy rains as it began its journey north toward the Ohio River Valley region.
Because Laura’s ferocity was still an open question as of Wednesday night, several less-than-truckload and parcel carriers shut down much of their Thursday operations along the southwestern Louisiana and Texas Gulf coasts. LTL...
https://s29755.pcdn.co/news/ltl-parcel-carriers-close-up-as-laura-moves-through