Flock Freight Scores $215 Million for Tech That Finds Available Space on Trucks
Flock Freight, an Encinitas, Calif., trucking logistics firm that aims to revolutionize the way freight moves across the country, has landed another $215 million in venture capital.
October 20, 2021TFI Buys Normandin Transit
TFI International purchased Normandin Transit, a provider of less-than-truckload and truckload freight services in the United States and Canada.
April 6, 2018Saia Continues Rapid Expansion With New Terminal in St. Louis Market
Saia Inc. opened a new terminal in St. Peters, Mo., about 35 miles west of St. Louis, the less-than-truckload carrier’s latest in a wave of expansion across the Midwest, Mid-Atlantic and Northeast in 2017.
October 21, 2017LTL Sector Enjoys Fruitful 2017
Indications are that the truckload market is bouncing back from some rough conditions earlier this year, according to industry analysts at Stifel, Nicolaus & Co.
September 12, 2017LTLs Report Sizable Quarterly Profit Gains on Improved Rates, Rising Tonnage Levels
Four of the largest U.S. less-than-truckload operators improved profitability by 25% or more in the third quarter, powered by improved rates, carriers’ earnings reports showed last week.
November 3, 2014Higher LTL Profits Expected in 4Q, But Slower Growth in TL, Logistics
Most publicly traded less-than-truckload operators are likely to report improved results when fourth-quarter earnings reports begin this week, but profit growth in other sectors is expected to be slower, analysts predict.
January 20, 2014LTL Carrier Brandt Truck Line Shuts Doors
Brandt Truck Line, an 88-year-old less-than-truckload carrier based in Bloomington, Ill., shut its doors Tuesday, giving no prior notice.
March 24, 2011Changes in LTLs’ Vocabulary Illustrate Improving Business
Unfamiliar words such as “stability” and “price increases” are creeping into the less-than-truckload sector’s vocabulary these days, after a turbulent two years of rate cutting, market-share swings and some astronomical losses.
November 15, 2010LTL Sector Outlook Brightens as Rate Hikes Stick, Experts Say
Following recent rate increase announcements by three major less-than-truckload carriers, industry experts said the LTL sector has turned the corner toward profitability, with shipment volumes, tonnage and rates all improving, but not yet soaring.
October 11, 2010Manufacturers Blast Moves that Could Raise LTL Rates
Shoe and clothing manufacturers are fuming at a decision that preserves less-than-truckload carriers’ freedom to raise shipping rates for shoes by up to 50% and could quadruple prices to ship clothing.
June 21, 2010