LTL carriers reduce labor costs as volumes decrease

LTL carriers have announced they are reducing staff to cope with the recent volume drop. On Tuesday, XPO (NYSE:XPO) confirmed to FreightWaves that it will offer voluntary redundancies. “As we have done in the past, some of our terminals are taking local voluntary redundancies to downsize their teams over the holiday season,” said an XPO … Read more

LTL carriers reduce labor costs as volumes drop

Haulers that move less than truckloads have been vocal in announcing they will be adjusting headcounts to accommodate the recent drop in volume. On Tuesday, XPO (NYSE:XPO) confirmed to FreightWaves that it will be offering voluntary leave. “As we have done in the past, some of our terminals are taking voluntary on-site leave to adjust … Read more

Reflecting on the deadly railroad strike of 1877

FreightWaves Classics is sponsored by Sutton Transport, an LTL leader in the Midwest for more than 40 years. Sutton Transport proudly serves Illinois, Minnesota, Missouri and Wisconsin. Ask for a quote here. The looming train strike that threatens to turn holiday shopping upside down this year is increasing tensions in an already stressed industry. But … Read more

Court of Appeal reinstates project44’s defamation lawsuit against FourKites

A panel of the Illinois Court of Appeals on Tuesday reversed the Cook County District Court’s dismissal of a defamation lawsuit brought by real-time visibility provider project44 against rival company FourKites. project44 is now free to pursue the case in Circuit Court, where it must prove that it suffered reputational damage. The defamation allegations stem … Read more

LaserShip, OnTrac, Open Regional Sorting Center in New Jersey

Regional package delivery services LaserShip and OnTrac, a combined company that launched a transcontinental ground delivery network earlier this year, have opened a sorting center in southern New Jersey to support next-day deliveries from southern Maine to southern Virginia. The 327,000-square-foot facility in Logan Township, near Philadelphia, will offer floor deliveries to homes at heavily … Read more

White Paper: Carrier Rate Report Q4 2022

FreightWaves’ Carrier Rate Report – presented in partnership with DDC FPO – provides a review of the last quarter of 2022 and a forecast for the coming months. The report combines insights from a survey of carriers with data from SONAR and aims to provide information that market participants can use to inform their strategies … Read more

Understanding the Supply Chain: A Conversation with Demi Obayomi of Sapphire Ventures

The COVID-19 pandemic has led to many changes in society – and significant disruptions to supply chains. That prompted venture capital firms to seek investments in technology companies that promise to bring transparency and efficiency to the supply chain. According to PitchBook data, supply chain venture capital investments totaled $33 billion in 2020 across 1,251 … Read more