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
Probably to no great surprise to attendees in the room, American Trucking Associations’ Chief Economist Bob Costello painted a very positive picture of the current and near-term freight environment during the ATA’s 2nd Annual Economic Summit last week in Washington, DC.
Speaking at the American Trucking Associations’ (ATA) 2nd Annual Economic Summit on Thursday in Washington, DC, ATA President & CEO Chris Spear touted the accomplishments of the association but told attendees now is not the time to become complacent.
Coverage of three companies were launched with a “buy” rating, while three of them got “hold” ratings.
Drones may someday soon become a primary delivery method of last-mile, but they likely won’t be the only solution, as flexibility in methods will be key to successful delivery.
A Florida trucking company is responsible for the equipment of three colleges getting to away games. It wants to boost that number to 10.
Joe DeLorenzo, director of the Office of Enforcement and Compliance for FMCSA, went through some of the common problems the agency is seeing since the ELD mandate went into effect, and there have been plenty.
Low-speed vehicles are not often considered when companies are looking for commercial vehicles, but upgrades to a line of electric compact utility vehicles could change that.
In today’s pickup: is there too much focus on OR? Also, Old Dominion had a solid July, and there’s a proposal for a new interstate highway.
Overall revenue at Roadrunner is up, but it remains burdened by high interest charges necessary to have given the company a strong capital base.
XPO’s Last Mile business in Canada previously had been serviced out of retail stores. Now it has its first facility.
Opus9 launched its digital platform, automating every step of the truckload and LTL shipping process, Tuesday. The new platform is intended to “digitize an old industry and bring it forward,” according to Vice President of Product Management Jeff Hiller.
