LTL

YRC Worldwide is reaching deep into other modes of transportation as well as investment banking and corporate restructuring as its remakes its board of directors.

Truck rates paid by Canadian shippers increased in February, rising from a 1.6 percent drop in January, according to the Canadian General Freight Index.

Toronto-based trucker Vitran says price discounting in the less-than-truckload world appears to be leveling off, helping the carrier improve its financial picture this year.

Averitt Express added intermodal trailer and container operations to its line of trucking and other services as part of its “full-load/volume transportation” package for customers.

Old Dominion Freight Line profit jumped 93 percent in the first quarter, the first year-over-year increase since the third quarter of 2008.

Trucking rates have nowhere to go but up, and they’re ready now, several speakers told freight shippers Tuesday at NASSTRAC's annual conference.

Trucking company FedEx Freight, which has pointedly rejected rail transport in the past, could switch and turn to intermodal in coming years if the price is right and customers want the option.

Trucking executives say they are increasingly concerned that federal transportation policies could lead to underinvestment in highways, roads and bridges.

ABF Freight System workers in Connecticut were credited with helping police seize 13.5 pounds of marijuana and arrest two people on drug charges.

ABF Freight System lost $35.7 million in the first quarter, a 25 percent larger loss than a year ago, as shipments rose from a year ago but declined from the fourth quarter.

Third-party logistics giant C.H.

Teamsters at ABF Freight System will vote on a proposed 15 percent wage cut early next month, after ballots are mailed on or about April 30, the Teamsters union said.

Workers at ABF Freight System will give up 15 percent of their wages but retain full pension benefits under a tentative concession plan approved today by local Teamster leaders.

ABF Freight System reached a tentative agreement on new contract terms with the Teamsters union that will likely include wage and work concessions aimed at cutting the trucking company’s operati

Domestic intermodal rail weathered the economic recession better than most transportation modes, and the industry appears now to be on the verge of experiencing unprecedented growth.

Timothy A. Wicks resigned his post as president and chief operating officer of YRC Worldwide today to return to his former employer, United Healthcare.

ABF Freight System agreed to an independent review of its finances as it seeks concessions from the International Brotherhood of Teamsters.

Trucking giant YRC Worldwide says its daily shipment volume improved month-to-month in the first quarter, but business levels remained depressed from a year ago.

Less-than-truckload carrier Estes is changing its freight routing network to speed shipments moving between its Midwestern terminals and other U.S. markets.

UPS is deploying 200 hybrid diesel-electric delivery trucks in eight cities across the United States, increasing the size of its hybrid electric fleet by 400 percent.

The select group of trucking companies with more than a billion dollars in annual revenue shrank last year, as four companies fell below the revenue threshold.

The two largest trucking businesses increased their market share last year despite falling revenue, holding onto business better than many of their smaller competitors.

Con-way Freight and TNT are expanding their trans-Atlantic partnership to include shipping U.S. exports to Europe, targeting freight shipments weighing more than 150 pounds.

The less-than-truckload sector is yielding to the demands of yield, carrier executives insist, turning from price-cutting aimed at rapidly gaining market share to rebuilding profit.

Truck tonnage increased 2.6 percent last month, compared with February 2009, according to the American Trucking Associations’ advance seasonally adjusted index.

The value of YRC Worldwide’s stock climbed nearly 20 percent yesterday, rising from 45.5 cents to 56 cents a share on the Nasdaq stock exchange.

YRC is simplifying pricing for expedited less-than-truckload freight as it tries to entice new customers and win back freight transferred to other LTL carriers.

Logistics provider Geodis said it is in talks to acquire the northern and southern European divisions of Giraud, the European road transport company, and hopes to win regulatory approval for the deal

An increase in trucking company advertising underscores how quickly demand for truck drivers is growing, says a transportation advertising executive.

FedEx Freight’s losses nearly doubled in the quarter ending Feb. 28, despite a surge in revenue and shipments in the three-month period.

YRC Worldwide’s regional group of carriers reduced its losses 14.2 percent to $126.7 million in 2009 but saw its operating ratio rise 2.1 percentage points as revenue dropped.

As the Teamsters mull concession talks with ABF Freight System, YRC Worldwide is still trying to get some members to accept concessions approved last year.

YRC Worldwide's truckload and expedited subsidiary, YRC Glen Moore, narrowed its losses by 25 percent in 2009, reporting an operating loss of $8.7 million.

YRC Worldwide had a net loss of $622 million last year on $5.3 billion in revenue, the company said yesterday in its 10-K annual report.

YRC Worldwide is reporting a 10 percent increase in shipments this month over February, with total shipments per day rising at its regional and national carriers.

The Teamsters union said Monday it is considering launching formal talks with ABF Freight System to renegotiating the less-than-truckload carrier's contract

When Old Dominion Freight Line first ventured into warehousing, capacity was tight and space was at a premium. Unfortunately, that was in November 2008.

At the end of 2009, the less-than-truckload industry had been razed by a price war that burned away carrier profits.

The recession pummeled less-than-truckload carriers in 2009 without regard to size, driving revenue down at a double-digit rate at all of the top 25 LTL trucking companies.

Greatwide Logistics aims to recruit mid-tier shippers as it expands its dedicated contract carriage and third-party transportation services in the nascent recovery.