Latest news with #LTL
Yahoo
3 days ago
- Business
- Yahoo
A. Duie Pyle to bolster Ohio service with new terminals
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. A transportation management system quirk is leading A. Duie Pyle to up its competitive offerings in Ohio. The West Chester, Pennsylvania-based LTL provider is aiming to aggressively expand its service in the Buckeye State after noticing how route planning software caused customers to go elsewhere, the company's LTL solutions COO, John Luciani, said in a June interview. A. Duie Pyle had been partnering with Dayton Freight Lines to provide two-day service in Ohio. Still, with more opportunities available for freight, the carrier is increasing density to support faster, overnight deliveries. The carrier's network currently includes a site near Cleveland in the city of Streetsboro, according to its website. Now, a leased terminal from ABF Freight in Columbus and a former Yellow Corp. terminal in Bowling Green, which was acquired by ADP, will both open July 21, Luciani said. Bowling Green improves service to Toledo. 'Our focus is going to be on those markets, back into our core area in the Northeast,' Luciani said. 'So Columbus to New Jersey. Columbus to metropolitan New York, which nobody is doing.' The carrier is also looking for a service center in Cincinnati to add to the mix, Luciani said. The company plans to secure that by the end of the year. 'We have plans once we get up and running to stretch the transit to get into New York City overnight from Columbus, Cincinnati and Toledo,' he said. 'We're going to be aggressive.' Recommended Reading A. Duie Pyle buys 2 more Yellow terminals for $4.5M
Yahoo
4 days ago
- Business
- Yahoo
New LTL freight class rules take effect on Saturday
Major changes to the way less-than-truckload freight is categorized will take effect on Saturday following a rework to the National Motor Freight Traffic Association's (NMFTA) decades-old classification system. After many months of internal alterations, public listening sessions and feedback from industry participants, the nonprofit trade group has rolled out a simplified version of its 90-year-old National Motor Freight Classification (NMFC) system. The new guidelines are designed to move the LTL industry toward a density-based approach to classifying freight that more accurately reflects the actual cost of shipping goods. 'The LTL carriers want the full impact of these NMFC changes to be felt, both by them and shippers,' said Scooter Sayers, director of business development (LTL Solutions), at Cubiscan, a maker of freight dimensioners, in an interview. The new coding system will still evaluate freight on four characteristics — density, handling, stowability and liability. However, it will now prioritize density when there are no special concerns with the other three. Under the new rules, the number of density-based rating subprovisions has expanded from 11 to 13. Subprovision 11 has been amended to include densities ranging from 30 to less than 35 pounds per cubic foot (assigned class 60). Sub 12 ranges from 35 to less than 50 pounds per cubic foot (class 55), and Sub 13 covers densities greater than 50 pounds per cubic foot (class 50). 'Freight-all-kinds programs limit the impact, so expect LTL carriers to push even harder to eliminate FAK programs. If shippers want to keep their FAK program, they are going to pay for it,' Sayers continued. The updates are substantial, with roughly 2,000 items being carved out from a list of 5,000 that were under review. 'These changes on July 19 to convert 2,000 NMFC items to a 13-sub table classed by density is just the start,' Sayers said. 'More is coming, and we can expect substantially all commodities will have class at least partly determined by density. It is, after all, the number one cost driver for carriers.' The overhaul aims to make the classification system more user-friendly, reduce costly freight reclassifications and provide more accurate freight rates upfront. The shift aligns pricing with the primary cost drivers for LTL carriers: distance, time and space. For shippers, the changes promise significant benefits, including a simplified classification process, more predictable billing and greater cost efficiency. However, realizing these benefits requires preparation. Experts have been advising shippers for months to audit their commodity classes and ensure they are tracking accurate dimensions, weight and density. Optimizing packaging to minimize wasted space will become more critical, as excess volume can result in a higher class and increased costs. The organization also revamped ClassIT+, an online tool that helps shippers, carriers and 3PLs properly identify freight. Changes include more expansive APIs, an improved search function and faster responses. Additional updates to the NMFC are expected in the coming months and years. 'The winners on the shipper side are going to be those who embrace the digital capture of dimensions, weight and photos at the handling unit level,' Sayers said. ' If carriers have to pick between shippers who provide this and shippers who don't, who are they going to pick? 'LTL carriers want their shippers to provide them with accurate data on the BOL, and will both reward and favor those shippers in the long run.' More FreightWaves articles by Todd Maiden: ArcBest CEO Judy McReynolds to retire J.B. Hunt still waiting for market to turn LTL pricing index to hit record high in Q3 The post New LTL freight class rules take effect on Saturday appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Automotive
- Yahoo
A look under the hood: Breaking down two real Shared Truckloads
Shippers often face a false choice between the speed and security of truckload and the lower cost of LTL. Shared Truckload (STL) offers a third option, and it is gaining traction as shippers look for ways to reduce costs without sacrificing reliability. Flock Freight's FlockDirect® service enables STL at scale by pooling multiple shipments from different companies onto one truck—without terminal stops or transloading. With Shared Truckload, shippers pay only for the space they need and carriers avoid running partially empty. This naturally leads to fewer trucks on the road and fewer carbon emissions. It's a clear alignment of operational efficiency, financial gain and environmental benefit. Flock has staked its claim as the largest Shared Truckload brokerage in the U.S. by building the technology that makes this model work at scale. Its approach centers on automating the complex process of matching shipments into efficient Shared Truckloads. What used to be a manual, messy effort now happens in seconds. Rethinking capacity: supply-side optimization For carriers, the value of STL isn't just in the initial route, it's in how remaining trailer space is managed across the haul. Flock's STL AddOnsTM product enables carriers to easily top off trucks with compatible freight during a Flock route, turning underutilized space into revenue. This shift in capacity strategy—moving from spot-matching to in-transit optimization—is where STL's potential really opens up. STL AddOns isn't just about efficiency, it also reduces friction. Carriers get clear instructions, smooth transfers and fewer service disruptions for multi-stop loads, making the STL experience more predictable and profitable. Scaling STL with AI What enables this level of optimization is Flock's AI-powered pooling engine. It doesn't just match loads, it evaluates trillions of possible combinations based on origin, destination, timing, equipment, service levels and more. The result is a living, growing network that gets more efficient with every new shipment. In contrast, manual STL efforts often involve matching in spreadsheets and with limited freight density, making service less consistent and savings hard to count on. With slow quoting, unpredictable ETAs and too many touchpoints, it's clear why 96% of shippers say they're unhappy with their current multi-stop solutions. Flock's tech-enabled model solves these challenges by automating what human brokers can't reasonably scale, especially when precision and timing are critical. STL in action: Two route examples Let's break down two real STL routes to see how this works on the ground. Pool Example 1: Southern California → Georgia → Florida Three Flock shippers—each operating independently—were pooled into a single, optimized Shared Truckload. The carrier initially booked the SoCal-to-Georgia leg, then received alerts about two AddOn load opportunities that aligned with the route and delivery windows. By combining all three shipments: The trailer ran at 100% capacity All shippers saved over 45% compared to the truckload rate The carrier earned 33.6% more than the truckload rate Because FlockDirect® shipments are load-to-ride, each shipment was loaded in a first-in, last-out sequence. Freight stayed on the truck from pickup to delivery, receiving truckload-level service. Pool Example 2: New Jersey → Virginia → Colorado → Utah This load began with two shipments pooled into a Shared Truckload. When a third compatible shipment was booked by another Flock shipper, STL AddOns technology notified the carrier in real time, adding a third shipment to the STL. The STL AddOn significantly increased carrier earnings while every shipper still saved on costs. By combining these three shipments: The trailer ran 100% utilized Carrier earnings rose 39.4% above TL rates Shippers still saw 20–50% cost savings What made this example stand out: All three deliveries had appointment windows, which the AI accounted for during optimization. The result was a time-sensitive route delivered on schedule—without sacrificing efficiency or profitability. Shared Truckload's growing role in freight strategy More shippers are rethinking traditional multi-stop and partial-load strategies. They want better service, simpler planning, and lower emissions. Tech-enabled STL offers a middle ground that's increasingly hard to ignore. Shippers avoid the unpredictability of LTL while still controlling costs. Carriers gain access to a new, unique way to maximize revenue per mile. The planet wins too, as fewer trucks run more fully and efficiently. Shared Truckload is becoming a key lever in modern freight planning—especially when it's powered by tech that enables the model to rapidly scale. As the industry continues to chase smarter, leaner logistics, mode options like STL will move from innovative to indispensable. Click here to learn more about Flock Freight. The post A look under the hood: Breaking down two real Shared Truckloads appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
ArcBest CEO Judy McReynolds to retire
Trucking and logistics provider ArcBest announced that CEO Judy McReynolds will retire at the end of the year, with company President Seth Runser set to succeed her on Jan. 1. McReynolds will continue to serve as the company's chairman after the transition. 'Since her appointment as CEO in 2010, Judy has led ArcBest through transformative change, delivering outstanding results and building a strong foundation for the future,' said Steven Spinner, the board's lead independent director, in a Thursday news release. McReynolds has served at ArcBest (NASDAQ: ARCB) for 28 years and was tapped to lead the company in 2010. She's credited with executing five acquisitions, navigating major industry disruptions and advancing several innovations, like the company's material handling offering, Vaux. During her tenure, ArcBest's annual revenue has more than doubled to $4 billion and its adjusted earnings before interest, taxes, depreciation and amortization has grown to over $300 million. The company has also transitioned from being a predominantly asset-based, less-than-truckload carrier to a full-service trucking and asset-light logistics provider over than time. McReynolds was elected as the company's chairman in 2016. 'It has been a tremendous honor to lead ArcBest and work alongside such a talented and committed team,' McReynolds said. 'Seth has played a pivotal role in ArcBest's evolution into a leading integrated logistics company, helping to deliver record results while steering the team through unprecedented change. I have complete confidence in his leadership and ArcBest's continued success.' Runser will continue in his role as president and will also become a member of the board at the beginning of the year. He's been with the company for 18 years, starting as a management trainee and holding various leadership roles since. He was tapped to lead LTL subsidiary, ABF Freight, in 2021 and became ArcBest's president in August 2024. 'Over the past 18 years, Seth has consistently demonstrated exceptional leadership and achieved strong results,' Spinner said. 'His strategic insight and operational expertise have been instrumental in fostering innovation and advancing ArcBest's customer-centric approach as a leading logistics partner.' The announcement caps several recent leadership changes at ArcBest. In May, ArcBest announced former C.H. Robinson (NASDAQ: CHRW) brokerage head Mac Pinkerton will join the company on Jan. 5 to lead operations at its struggling asset-light logistics business. ArcBest announced 30-year company veteran Eddie Sorg as its new chief commercial officer at the beginning of the year. Matt Godfrey succeeded Runser as president of ABF last August. 'Judy has shaped ArcBest's culture and championed the customer-led approach that defines who we are today and uniquely positions us to serve our customers using various modes of transportation across our integrated suite of solutions,' Runser said. … 'I am committed to carrying that legacy forward and leading ArcBest into the future.' More FreightWaves articles by Todd Maiden: J.B. Hunt still waiting for market to turn LTL pricing index to hit record high in Q3 June produces mixed freight trends, recovery remains 'elusive' The post ArcBest CEO Judy McReynolds to retire appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-07-2025
- Business
- Yahoo
First Look: J.B. Hunt Q2 earnings
J.B. Hunt Transport Services' second-quarter result was largely in line with analysts' expectations. The Lowell, Arkansas-based multimodal transportation provider reported earnings per share of $1.31 for the period after the market closed on Tuesday, which was 1 cent below the year-ago result. Consolidated revenue of $2.93 billion was in line with consensus and flat year over year. Operating income dipped 4% y/y to $197 million. The company's flagship intermodal unit reported a 2% y/y increase in revenue to $1.44 billion as a 6% increase in loads was partially offset by a 3% decline in revenue per load. A mix shift to the Eastern network weighed on the yield metric given the shorter length of haul. The unit's operating ratio (inverse of operating margin) deteriorated 40 basis points y/y to 93.3%. Dedicated revenue dipped less than 1% y/y to $847 million as a 3% decline in average trucks in service was largely offset by a 3% increase in revenue per truck per week (up 5% excluding fuel surcharges). The unit's OR was 30 bps worse y/y at 88.9%. A $3.6 million operating loss in the company's brokerage segment widened slightly from the first quarter, but was nearly $10 million lower y/y. Brokered loads declined 9% y/y but revenue per load was up 6%. J.B. Hunt (NASDAQ: JBHT) will host a call at 5 p.m. EDT on Tuesday to discuss second-quarter results. More FreightWaves articles by Todd Maiden: LTL pricing index to hit record high in Q3 June produces mixed freight trends, recovery remains 'elusive' Carrier Logistics automates LTL shipment data entry The post First Look: J.B. Hunt Q2 earnings appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
