LTL, Parcel Fleets Grow, but Outlook Mixed in Other Sectors
Revenue gains for less-than-truckload carriers were solid in 2018, with momentum coming from increased manufacturing activity and retail sales, along with the loss of competition in some markets due to the shutdown of New England Motor Freight.
LTL Carriers See Slower Growth, but Economic Outlook Remains Positive
Less-than-truckload carriers are settling into a more modest growth scenario as 2019 unfolds, with widely shared expectations that a still-solid U.S. economy and favorable industry fundamentals will keep fleets on a positive course.
Manitoulin Transport Buys Yukon Business in Latest Acquisition
Manitoulin Transport has purchased Kluane Freight Lines Ltd.’s book of business and formed a joint venture with Chief Isaac Group of Cos., according to a Manitoulin news release.
SMC3 Adds Volume LTL Pricing API
SMC3, a knowledge hub for LTL transportation pricing data and technology, has added a tool to its platform.
October 18, 2018Post Capital Partners, Management Team Up to Acquire Smith Transportation Services
Smith Transportation Services, a company based in Sunrise, Fla., that specializes in “load-to-ride” service for shippers of less-than-truckload freight, is being purchased by a group of Smith’s top executives and the New York-based investment firm Post Capital Partners.
LTL Carriers Refine, Expand Services
Leaders at prominent less-than-truckload carriers are optimistic about the future as their companies adapt and expand services to capitalize on favorable long-term trends, such as the move toward smaller shipments and the growth of e-commerce.
Legends of LTL Gather to Remember Achievements
PITTSBURGH — Charles Hammel III says he owes much of his family’s success in the trucking business to those who came before he and his brother Robert established Pitt Ohio Express in 1979.
Red Arts Capital Adds Central Arizona Freight to Holdings
Red Arts Capital, an investment firm launched two years ago in Chicago, has added a second regional less-than-truckload carrier to its holdings with the purchase of Central Arizona Freight in Phoenix.
February 28, 2018Roadrunner Releases Financials Through 2016
One year after withdrawing its financial statements dating to 2011, Roadrunner Transportation Systems Inc. on Jan. 31 took a major step forward by releasing amended results through 2016.
ArcBest Ends 2017 With Strong Fourth Quarter
ArcBest Corp. ended the year with a strong fourth quarter because of better less-than-truckload pricing and lower expenses than one year ago.