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15
Feb
TFI to take aim at UPS Freight’s unprofitable business
CEO vows quick action to negotiate with customers or ultimately cut them loose after acquisition closes. TFI International (NYSE: TFII) plans to aggressively improve margins at UPS Freight after its $800 million acquisition closes by reining in unprofitable business. The plan: renegotiate […]
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11
Feb
FedEx, UPS, and USPS 2021 General Rate Increases
UPS announced their 2021 rate increases will be made effective on February 22, 2021. The increases came just months after the FedEx and USPS announcements of upcoming rate increases. This is normal as FedEx and UPS routinely announce increased rates and new surcharges and fees […]
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08
Feb
Carriers Bullish on Demand and Pricing Dynamics for 2021
Top less-than-truckload (LTL) executives and analysts are predicting a bullish year for the $46 billion sector in 2021. LTL Rate Increase Despite disruptions from the coronavirus and resulting changes in demand levels from their customers, leading LTL companies are extracting rate increases […]
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26
Jan
UPS closes curtain on tough 15-year-old LTL run
UPS Inc. (NYSE:UPS) CEO Carol Tomé has pulled the plug on the company’s often-difficult 15-year foray into the less-than-truckload business. The Atlanta-based giant’s $800 million sale of UPS Freight to Canadian concern TFI International Inc. (NYSE and TSX: TFII), reflects Tomé’s belief […]
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25
Jan
TFI to acquire UPS Freight for $800M
TFI International has agreed to acquire UPS Freight for about $800 million, the Canadian trucking and logistics company and UPS said Monday, in a deal that will transform it into a North American less-than-truckload juggernaut. The deal, expected to close […]
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16
Jan
Inside California’s colossal container-ship traffic jam
In the movie “Falling Down,” the character played by Michael Douglas is stranded in a Los Angeles traffic jam. He abandons his car, starts walking with briefcase in hand and ultimately has a mental breakdown. Cargo shippers trying to get […]
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07
Dec
Produce spot rates break $10K per load in November
Chart of the Week: USDA Produce Truckload Spot Rate – San Francisco to Philadelphia, Fresno to Atlanta, San Francisco to Atlanta SONAR According to the USDA, spot rates for truckloads hauling produce are hitting their highest marks of the year, with rates […]
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07
Dec
TOP TEN TRUCKING INDUSTRY ISSUES
The American Transportation Research Institute (“ATRI”) released its 16th top industry issues report, “Critical Issues in the Trucking Industry – 2020” which identifies a number of the industry’s key concerns including the driver shortage, truck parking, driver compensation and retention […]
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13
Nov
Supply chain reports no disruption after StopTheTires2020 protest
Despite thousands of posts by members of a truckers’ group calling itself StopTheTires2020 promising to turn off their rigs Wednesday, few did. The StopTheTires2020 Facebook group picked Veterans Day to boycott delivery of nonessential supplies to major U.S. cities “as […]
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27
Oct
E-commerce explodes into holiday shipping season – pandemic pushes U.S. online sales to predicted 2030 level
Peak season e-commerce sales, turbocharged by an accelerated shift to online buying as consumers shy away from crowded stores during a pandemic, are expected to hit all-time highs this year, putting additional pressure on express delivery networks. Retail and logistics […]
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