Less-than-truckload shipping

TFI International Announces 2023 Fourth Quarter and Full-Year Results

Retrieved on: 
Thursday, February 8, 2024
Truckload shipping, EPS, Ratio, Sale, Logistics, Less-than-truckload shipping, CFI

The increase is primarily due to contributions from business acquisitions offset by reduced volumes driven by weaker end market demand.

Key Points: 
  • The increase is primarily due to contributions from business acquisitions offset by reduced volumes driven by weaker end market demand.
  • Operating income of $198.3 million compared to $216.9 million the prior year period.
  • Operating income declined for Package and Courier by 8%, for Less-Than-Truckload by 19%, and for Truckload by 29% and increased for Logistics by 60% in the fourth quarter in comparison to the prior-year.
  • During 2023, total revenue declined 10% for Package and Courier, 16% for Less-Than-Truckload, 21% for Truckload and 4% for Logistics relative to the prior year.

Roadrunner Announces Largest LTL Expansion in Five Years: Launches Service to Canada and Portland, Adds 135 Lanes to the Roadrunner Smart Network and Receives Breakthrough Carrier of the Year Award from GLT Logistics

Retrieved on: 
Wednesday, January 31, 2024
GLT, Total Quality Logistics, TQL, Less-than-truckload shipping, LTL, Algorithm, Management

Roadrunner also added an additional 135 lanes to its network, building upon recent new market openings in Kansas City, Denver, Richmond, and Las Vegas.

Key Points: 
  • Roadrunner also added an additional 135 lanes to its network, building upon recent new market openings in Kansas City, Denver, Richmond, and Las Vegas.
  • Roadrunner's new international service gives shippers ease of access to Canada's largest metro markets and, coupled with other network expansion, marks its most extensive new market openings in five years.
  • This network growth aligns with Roadrunner's strategy of providing premium LTL long-haul carrier service.
  • Roadrunner has received several other service quality awards from multiple shippers, including the Elite Carrier Award from Total Quality Logistics (TQL).

Carrier Logistics Inc. Recognized for Product Innovation

Retrieved on: 
Monday, November 20, 2023
Less-than-truckload shipping, CLI, OpenEdge, LTL, PRGS, Growth, FACTS, Transport, Cargo, Food delivery, Progress

ELMSFORD, N.Y., Nov. 20, 2023 /PRNewswire-PRWeb/ -- Carrier Logistics Inc. (CLI), veteran providers of freight management software for Less-Than-Truckload (LTL) fleets, today announced that it has received the SaaS Growth Award from Progress (Nasdaq: PRGS), a provider of application development and infrastructure software. The OpenEdge North America Partner Awards program honors companies who are committed to product innovation and to exceeding the needs of their industry's technology users. CLI increased its user count by over 25% from last year, prompting their appliocation partner Progress to recognize this growth.

Key Points: 
  • The OpenEdge North America Partner Awards program honors companies who are committed to product innovation and to exceeding the needs of their industry's technology users.
  • CLI increased its user count by over 25% from last year, prompting their appliocation partner Progress to recognize this growth.
  • "We are honored to receive the SaaS Growth Award from Progress," said Ben Wiesen, president of Carrier Logistics.
  • Carrier Logistics FACTS™ is the premier solution for meeting the unique transportation and freight management needs of asset-based LTL carriers and the last mile industry.

WARP Announces Integration with Banyan Technology to Give Users Increased Carrier Visibility and Streamline Over-The-Road Shipping Operations

Retrieved on: 
Thursday, November 2, 2023
Transportation management system, TMS, Parcel, OTR, Entrepreneurship, LTL, WARP, Live Connect, LIVE, Partnership, Less-than-truckload shipping, Cargo, Truckload shipping

Banyan’s WARP Middle Mile integration enables LIVE Connect® to expand OTR carrier rating and execution inside users Transportation Management Systems (TMS) across the Truckload (TL), Less-Than-Truckload (LTL), Local Carrier and Parcel modes.

Key Points: 
  • Banyan’s WARP Middle Mile integration enables LIVE Connect® to expand OTR carrier rating and execution inside users Transportation Management Systems (TMS) across the Truckload (TL), Less-Than-Truckload (LTL), Local Carrier and Parcel modes.
  • In turn, this reduces the number of additional carrier logins and keystrokes needed to execute and manage shipments.
  • “I am excited that we have partnered with WARP to further expand our OTR shipping capabilities for clients,” said Brian Smith, CEO of Banyan.
  • “Banyan customers are now able to access a new type of LTL service powered by multiple vehicle types and tech-powered cross docks” said Daniel Sokolovsky, WARP CEO and Co-Founder.

TFI International Announces 2023 Third Quarter Results

Retrieved on: 
Monday, October 23, 2023
Social Democrats (Slovenia), Sale, MTM, CFI, Logistics, Less-than-truckload shipping, Truckload shipping, Audit, Video game, Reinsurance, Cargo, Courier

Total revenue of $1.91 billion compared to $2.24 billion in the prior year period and revenue before fuel surcharge of $1.63 billion compared to $1.86 billion in the prior year period.

Key Points: 
  • Total revenue of $1.91 billion compared to $2.24 billion in the prior year period and revenue before fuel surcharge of $1.63 billion compared to $1.86 billion in the prior year period.
  • Operating income of $200.6 million compares to $318.4 million from the prior year period.
  • Net income of $133.3 million compared to $245.2 million in the prior year period, and net income of $1.54 per diluted share compared to $2.72 in the prior year period.
  • Operating income of $559.4 million compares to $929.2 million from the prior year period.

Trucker Path Increases Load Exposure for MercuryGate TMS Customers

Retrieved on: 
Wednesday, August 30, 2023
Less-than-truckload shipping, TMS, API, Software as a service, Partnership, Transport, Trucker Path, Transport law, NYSE, CMO, Road transport

"With a direct digital load posting integration via API we are facilitating greater access, faster transactions, and enabling several new features for brokers using MercuryGate," said Chris Oliver, CMO at Trucker Path. "Our collaborative integration increases the exposure of available loads to qualified capacity, streamlines freight matching, and drives time savings and efficiency -- creating additional revenue generating opportunities for both sides of the transaction."

Key Points: 
  • Our collaborative integration increases the exposure of available loads to qualified capacity, streamlines freight matching, and drives time savings and efficiency
    "With a direct digital load posting integration via API we are facilitating greater access, faster transactions, and enabling several new features for brokers using MercuryGate," said Chris Oliver, CMO at Trucker Path.
  • "We're pleased to advance our partnership with Trucker Path and make it easier for brokers and carriers to instantly connect freight with available capacity.
  • This API connection allows MercuryGate users to quickly and easily post available loads to the Trucker Path community representing nearly a third of North American carriers.
  • With direct API digital load posting these brokers are able to expand their load visibility and form relationships with Trucker Path's carrier network.

TFI International Announces 2023 Second Quarter Results

Retrieved on: 
Monday, July 31, 2023
Truckload shipping, MTM, Logistics, CFI, Less-than-truckload shipping, Social Democrats (Slovenia), Sale, Video game, Cryptocurrency, Reinsurance, Cargo

Operating income of $192.4 million compares to $391.0 million from the prior year period.

Key Points: 
  • Operating income of $192.4 million compares to $391.0 million from the prior year period.
  • Operating income decreased by 26% for Package and Courier, 57% for Less-Than-Truckload, 48% for Truckload and 22% for Logistics  in the second quarter in comparison to the prior-year.
  • Truckload operating income in the prior year period included a $22.8 million contribution from CFI in the quarter.
  • Truckload operating income in the prior year period included a $40.1 million contribution from CFI.

TFI International Completes Previously Announced STG Acquisition

Retrieved on: 
Thursday, July 13, 2023
Siemens Transportation Group, TSX, Transport, Acquisition, Less-than-truckload shipping, NYSE, TFI International, Retail

MONTREAL, July 13, 2023 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it has closed on the previously announced acquisition of Siemens Transportation Group (“STG”), a family-owned business providing a total supply chain solution spanning North America, that now operates within TFI International's Less-Than-Truckload segment.

Key Points: 
  • MONTREAL, July 13, 2023 (GLOBE NEWSWIRE) -- TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it has closed on the previously announced acquisition of Siemens Transportation Group (“STG”), a family-owned business providing a total supply chain solution spanning North America, that now operates within TFI International's Less-Than-Truckload segment.

TFI International Announces Two LTL Acquisitions

Retrieved on: 
Monday, May 1, 2023
LTL, Hotline, STG, TFI International, Less-than-truckload shipping, Acquisition, Siemens Transportation Group, TSX, Transport, Family, NYSE, Cargo

Founded in 1962, the majority of STG’s operations are LTL (Less-Than-Truckload), with a smaller portion of its business in truckload and flatbed.

Key Points: 
  • Founded in 1962, the majority of STG’s operations are LTL (Less-Than-Truckload), with a smaller portion of its business in truckload and flatbed.
  • Founded in 1988, Hot Line is a specialized LTL provider based in Wisconsin.
  • “We are pleased to be expanding our LTL footprint in both Canada and the US with these two LTL acquisitions,” said Alain Bédard, Chairman, President, and Chief Executive Officer of TFI International.
  • We are thrilled to welcome Doug, Paul and their impressive teams to our growing family of companies and look forward to watching both STG and Hot Line succeed under the TFI International umbrella.”

Stoneridge, KLLM Transport Services and Frozen Food Express Announce Adoption of Stoneridge's MirrorEye® Camera Monitor System

Retrieved on: 
Monday, February 27, 2023
Carbon, Transport, Safety, Night vision, Less-than-truckload shipping, FFE, Weather, NYSE, Federal Motor Carrier Safety Administration, FMCSA, CMS, Toronto Transportation Services, LTL, SRI, FFE Transportation, Stoneridge Investment Partners v. Scientific-Atlanta, Inc.

"MirrorEye represents a tremendous step forward in terms of technical sophistication for the KLLM/FFE fleets.

Key Points: 
  • "MirrorEye represents a tremendous step forward in terms of technical sophistication for the KLLM/FFE fleets.
  • "We are also pleased to demonstrate our commitment to safety, while reducing the carbon emissions associated with transporting our customer's goods.
  • MirrorEye is the first camera monitor system to receive an exemption from the Federal Motor Carrier Safety Administration (FMCSA) allowing MirrorEye-equipped trucks to operate on the road without mirrors, improving visibility and aerodynamic efficiency.
  • To learn more about the safety and fleet benefits of Stoneridge MirrorEye, or to inquire about bringing those benefits to your fleet, visit Stoneridge.com/MirrorEye.