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1 week ago | 
freightwaves.com | Eric Kulisch |Caleb Revill |Todd Maiden |John Kingston
Stay Up to Date on the Parcel IndustryUnlike freight shipping, which moves goods in large quantities (whole truckloads or shipping containers, for example), parcel shipping moves individual goods essentially one at a time (usually by truck or plane). While both focus on the movement of goods, transportation methods, level of service, and cost can be very different between the two services.
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1 week ago | 
freightwaves.com | Todd Maiden
J.B. Hunt Transport Services said it has seen mixed results so far this intermodal bid season, capturing rate increases and adding volume in some empty lanes of the network while also losing business to competitors as it remains disciplined and tries to up its freight mix.
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1 week ago | 
freightwaves.com | Todd Maiden
J.B. Hunt Transport Services beat lowered first-quarter expectations Tuesday after the market closed. The Lowell, Arkansas-based multimodal transportation provider reported earnings per share of $1.17, which was 3 cents ahead of the consensus estimate but 5 cents lower year over year. Consolidated revenue of $2.92 billion was 1% lower y/y.
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1 week ago | 
freightwaves.com | Todd Maiden
Freight broker FitzMark announced Monday the acquisition of refrigerated brokerage High Point Logistics (HPL) and less-than-truckload broker Pentonix Freight. Financial terms of the transactions were not provided. The deals bring FitzMark’s acquisition tally to nine since it was founded in 2006.
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1 week ago | 
freightwaves.com | Todd Maiden
The all-important month of March entered and exited like a lamb, monthly freight data from Cass Information Systems showed. Freight shipments didn’t see the typical positive seasonal inflection in March, coming in just flat sequentially and down 2.1% when seasonally adjusted. The volumes dataset was off 5.3% compared to a year ago, continuing a streak of year-over year mid-single-digit declines to four months.
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2 weeks ago | 
freightwaves.com | Todd Maiden
Amazon is offering less-than-truckload service through its Amazon Freight platform, according to a memo to customers. The service is being billed as a cost-effective solution for customers unable to fill a full trailer, but only available for inbound delivery to Amazon facilities, where the goods will be stored and later shipped through the company’s regular package delivery network.
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2 weeks ago | 
freightwaves.com | Todd Maiden
Forward Air cautioned investors on Wednesday that 10% to 15% of its 2024 revenue would have been impacted by recently announced tariffs. The Greeneville, Tennessee-based transportation and logistics company flagged the portion of its $2.5 billion top line as potentially being affected by tariffs announced on April 2.
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2 weeks ago | 
freightwaves.com | Todd Maiden
Amid soft demand and trade uncertainty, less-than-truckload pricing remained resilient during the first quarter while truckload rates stayed depressed. The trends are expected to continue through the second quarter, a Tuesday report from 3PL AFS Logistics and financial services firm TD Cowen showed. The LTL rate-per-pound component of the TD Cowen/AFS Freight Index stood 63.8% higher in the 2025 first quarter than its January 2018 baseline.
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2 weeks ago | 
freightwaves.com | Todd Maiden
Transportation stocks took it on the chin following the Trump administration’s announcement of widespread tariffs after the market closed on Wednesday. Less-than-truckload stocks fared the worst in the two trading sessions following Liberation Day as investors who entered the year hopeful for a positive inflection in the industrial complex appear to have called it quits for the time being.
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2 weeks ago | 
freightwaves.com | Todd Maiden
Less-than-truckload carrier Saia is laying off its customer service teams, opting to have local terminals handle the service function moving forward, a source close to the matter told FreightWaves. The source said the layoffs will impact an undetermined number of customer service representative teams in Atlanta and Boise, Idaho, among other locations. Employees were given 60 days’ notice with the opportunity to earn a bonus if they remain on board throughout that period, the source said.
