Less than Truckload (LTL) Archives (2024)

Table of Contents
ArcBest again swaps freight for better yields in February XPO provides favorable February update Old Dominion Freight Line still waiting for market to turn Saia sees 19% jump in February shipments Forward Air’s Q4 call offers no financial targets after Omni merger Investors await Forward Air’s Q4 call for post-merger goal posts Pension liability claims against Yellow may take months to settle ArcBest launches autonomous, remote-controlled forklift technology Next Century’s bid for Yellow back on table TFI beats earnings estimates, US LTL a work in progress XPO’s shares jump 18% on big Q4 Thomas Schmitt out as CEO at beleaguered Forward Air XPO beats Q4 estimates Bankrupt Yellow repays principal, interest on COVID loan Weather, tonnage declines offset by cost reductions in ArcBest’s Q4 Cost control helps ArcBest beat Q4 expectations Forward Air’s January update excludes status of Omni’s leadership team Saia’s $1B growth plan to test LTL’s tight capacity structure Old Dominion readies for eventual turnaround Roadrunner adds more lanes; coverage now includes Toronto, Montreal Omni’s Schickel won’t have executive role at Forward Air Forward Air-Omni merger finally closes Third-party insurance business sinks Knight-Swift’s Q4 Forward Air, Omni reach settlement; merger to close soon C.H. Robinson says eBOL collaboration now includes 10 major LTL carriers State of Freight takeaways: Impacts of the deep freeze; data looking up Forward Air-Omni merger dustup heads to trial Friday Court OKs second Yellow terminal sale; liquidation only half complete Teamsters rack up late-2023 wins, stage significant strike in ’24 2024 outlook for US domestic logistics At C.H. Robinson, it’s been a long, difficult trip Morgan Stanley sees inventory restock producing freight upcycle soon Pitt Ohio expands next-day service in New England C.H. Robinson creates office to implement strategic initiatives How Echo Global Logistics is mastering temperature-controlled shipping XPO is hitting record levels of LTL service Omni alleges Forward CEO withheld, destroyed requested docs Labor 2023: A lot of noise but few strikes Auction moves 2nd lot of Yellow terminals FedEx hopes new color-coded air network will shore up profits FedEx cuts full-year revenue forecast, shares plunge PLP Logistics, FreightSnap launch affordable dimensioner technology XPO ready to deploy 28 new service centers ‘Tremendous outcome,’ judge says in approval of Yellow terminal sales Forward Air plans 5.9% general rate increase Building products mark the spot for Brad Jacobs’ new focus: QXO Yellow shoots down going concern bid to revive company Forward Air’s tonnage inflects further upward in Q4 Old Dominion reports muted November ArcBest’s November tonnage dips further, yields up XPO’s November shipment increase needed to fill 28 new terminals First wave of Yellow terminals will go for $1.9B; sale process ongoing Saia holds on to Yellow’s freight Auction for Yellow’s terminals ‘remains ongoing’ Forward Air, Omni pointing fingers over EBITDA forecasts Forward Air investor claims harassment by Omni after merger pushback Estes execs recap hack experience in unusual video presentation AIT launches expedited LTL offering Forward Air’s new long-term targets don’t include Omni Annual LTL GRIs slightly ahead of schedule Forward files counterclaim against Omni, seeks path out of merger Werner’s Q3 light of expectations Omni Logistics asks court to force Forward Air to closing table Forward’s new plan may not include Omni Forward Air misses Q3 mark, Q4 outlook also light Where did Yellow’s freight go? XPO ups growth spending after Yellow’s downfall Jack Cooper Transport named as Yellow suitor XPO beats Q3 expectations ArcBest prudent in approach to new freight opportunities Auction houses to liquidate Yellow’s tractors, trailers Saia took on big volumes, higher costs in Q3 ArcBest seeing trends improve post-Yellow Forward Air may terminate Omni deal even as court steps aside Old Dominion says Yellow freight redistribution not settled Old Dominion holds Yellow volume bump in Q3 Estes reports all systems are back online after cyberattack Saia’s 7.5% GRI sooner, larger than prior increase At TFI’s US LTL unit, cost reduction trumps all Fighting back in a cybersecurity world where bad guys are getting bolder Convoy’s tech focus may have obscured importance of human element LTL survey: Averitt No. 1 overall, Old Dominion top national carrier XPO launches driver team operations Activist investor looks to unseat Forward Air board, CEO Yellow’s equipment may be sold off by auction houses Roadrunner’s new service waives shipment costs on late deliveries Court extends temporary order blocking Forward Air-Omni deal Some positive signs but trucking market moves ‘deeper into limbo’ Taking stock of what happened at Estes Cyberattack victim Estes making ‘steady progress’ Estes opens online portal for customers as cyberattack drags on LTL estimates move higher ahead of Q3 reports XPO’s Jacobs on his next venture: Wait and see Estes Express confirms cyberattack Morgan Stanley says 2nd phase of LTL freight reshuffle coming Cause of Estes Express technology failure unclear Forward Air’s bid for Omni temporarily blocked by court XPO continues on growth path despite soft economic conditions TFI subsidiaries hit with EEOC lawsuit over gay workers Estes’ $1.525B stalking horse bid for Yellow’s terminals wins out

Stay Up to Date on the LTL Industry
Less than truckload (LTL) refers to shipping services for relatively small loads of freight (typically between 150 and 15,000 pounds). One of the main benefits of the LTL industry is cost efficiency. LTL trucking allows shippers to combine several loads going to the same facility into one truck, creating economies of scale, with each shipper only paying for the space they use. On the flip side, LTL shipping can take longer to plan and organize. Shipments may also take longer since the truck has to be filled before it leaves and may have to make multiple stops or transfers on the way to a given destination .

The explosion in online shopping sparked by the pandemic has made a marked impact on the LTL industry. As online shopping grows, demand for LTL trucking has increased significantly, putting stress on an already-burdened industry. To better understand the state of the LTL industry, we teamed up with BlueGrace Logistics to survey shippers about their approaches to LTL trucking in today’s environment.

Download our report to learn more: Evolution of LTL

Less than Truckload (LTL) Archives (2024)
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