Fred Smith of FedEx wants 33 foot doubles

FedEx thinks they have a chance of getting twin 33 foot trailers approved un President trump. Twin 33’s have been tested in Florida where drivers say they are more stable. Generally speaking Less-than-Truckload [LTL] shipping uses floor space for pallets and shipments have gotten bulkier. The floor space increases by 18% vs. the currently used twin 28 foot trucks. Productivity and less trucks on the road are the main arguments made by those in favor of twin 33’s.

Naturally there are opponents to the increase in overall trailer length. The Truckload Carriers Association voiced its disapproval saying twin 33’s would give the LTL carriers too much of an advantage. They also pointed out that rail carriers are now equipped to accommodate the 28 foot variant and would have to retool to handle 33 footers. This they said would have the net effect of actually adding trucks to the highways.

If these changes are adopted and LTL carriers gain efficiency, expect to see more rigorous competition in at least medium haul lanes.

LTL earnings reports for 2016 were at lower levels than the year before

YRC reported a $7.5 million net loss in the fourth quarter, or 23 cents a share, better than the $23.5 million loss, or 73 cents, in the last three months of 2015. Revenue was up 0.5% to $1.15 billion. “The impact of the economy and freight environment resulted in shipments being down on a year-over-year basis at YRC Freight and their regional carriers,” CEO James Welch said in a conference call. “With industrial shipments comprising approximately 50% to 60% of our revenue, we would have, obviously, liked to have seen growth in this part of the economy,”. At YRC Freight division, revenue dropped 0.5% to $730.3 in the quarter but rose 2.2% to $418 million in their Regional Transportation segment.

Old Dominion reported $68.5 million in profits, or 83 cents, down 5.1% versus the fourth quarter of 2015. Revenue rose 1.5% to $745.7 million. “The overall fourth-quarter operating environment was similar to what we experienced through 2016. We had a slow start to the quarter, but our revenue and tonnage marginally improved on a year-over-year basis, as the quarter progressed,” according to Old Dominion Vice Chairman and CEO David Congdon. “These trends, combined with the increase in LTL weight per shipment and other improving macroeconomic indicators for the fourth quarter, provided us with a sense of cautious optimism for an improved economy in 2017, which also concurs with economic forecasts or improved GDP”.

ArcBest posted net income of $1.58 million, or 6 cents a share, on revenue of $688.2 million. In the last three months of 2015, they earned $4.99 million, or 19 cents, on revenue of $648.1 million saying “we experienced higher average daily revenue resulting from increased revenue per hundredweight, positively impacted by freight profile changes”. “In the midst of a competitive but rational industry yield environment, our asset-based pricing remained disciplined”.

Saia’s net income dropped 9.1% to $10.3 million, or 40 cents, in the quarter. Last year, the company earned $11.4 million, or 45 cents. Revenue increased 4.4% to $300.2 million “depreciation and amortization expense was up 17.2% in the fourth quarter, a reflection of the significant investments we are making in our fleet, real estate and information technology,” according to Saia CEO Rick O’Dell.

For more information on affordable shipping management software www.shippersedge.com/info

 

ShippersEdge Again Named Top 100 Logistics IT Solutions Provider

ShippersEdge TMS shipping software was named to Inbound Logistics Magazine’s list of Top 100 Logistics IT Solutions Providers for 2015. This is the second consecutive year ShippersEdge has made the list. It is published annually by the logistics industry’s leading trade publication and is considered the premier recognition for providers of logistics technology. Each year the magazine surveys the market and invites organizations to apply for this recognition. They examine each company’s features and position in the market to create its Top 100 list. The list includes WMS, LMS and Transportation Management Software (TMS); sometimes referred to as “shipping software.” It is estimated that there are more than 1000+ Logistics IT solutions available in the market today.

“We are ecstatic and gratified to receive this recognition.” said Tom Taylor President. “It validates the quality of the product. When it comes to software to manage LTL & Truckload shipping, shippers and distributors of all sizes are realizing that ShippersEdge provides the best option for them in terms of price, features and flexibility.

About ShippersEdge

ShippersEdge TMS is logistics software originally developed in the early 2000’s as one of the first cloud-based TMS systems. It is the most affordable full-featured Transportation Management Software on the market. Offices are located in Burnsville MN. For more information see www.shippersedge.com/info

About Inbound Logistics

Since its inception in 1981 Inbound Logistics’ educational mission is to illustrate the benefits of demand-driven logistics practices, give companies the knowledge to help them match the inbound flow of materials to their demand, and align their business process to support that shift. Inbound Logistics offers real-world examples and decision support to guide businesses to efficiently manage logistics, reduce and speed inventory, and offset rising transport costs, supporting business scalability across their value chain. More information about demand-driven logistics practices is available at www.inboundlogistics.com.