Transportation and logistics companies delivered largely better-than expected second quarter 2021 earnings with improved outlooks, although there were larger headwinds than expected.
Uber Freight announced it is expanding into the less-than-truckload market, giving shippers a single freight-matching platform for both truckload and LTL needs.
Knight-Swift Transportation is getting into the less-than-truckload business with the acquisition of AAA Cooper, diversifying into a part of trucking that is historically less volatile than its traditional truckload business.
UPS is selling its UPS Freight less-than-truckload division to TFI International Inc. for $800 million.
Tim Thorne, president of ArcBest less-than-truckload carrier ABF Freight, will retire June 30 after a 31-year career with the company.
CLI said it has enhanced freight management accuracy and load planning with a new integration of the FreightSnap automated shipment dimensioning system.
Jerry Moyes is stepping in as interim president and CEO of Central Freight Lines, which he owns, as part of a transition plan to “increase focus on streamlined customer services" at the primarily less-than-truckload carrier.
XPO Logistics plans to pursue a spin-off of 100% of its global logistics segment as a separate publicly traded company.
A group of more than 20 motor carriers, brokers/3PLs, shippers, and technology providers has formed the Digital LTL Council to develop a set of standards for the automation and digitization of less-than-truckload shipments.
Banyan Technology and Optym are partnering to enhance operations for LTL carriers with Banyan’s Intelligent Pricing suite and Optym’s HaulPlan planning and optimization software.
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