A private equity vehicle led by Roadrunner Freight CEO Chris Jamroz bought a majority ownership stake in the less-than-truckload carrier from Elliott Investment Management.

The trucking industry continued to bounce along the bottom of the freight cycle with third-quarter earnings being generally weak, according to analysts.

Less-than-truckload shipping is used to transport freight that doesn’t require a full truckload trailer. In general, most LTL shipments weigh between 500 and 15,000 pounds, and are shipped on pallets and only require a portion of a trailer. Since LTL shipments don’t use an entire truck, free space on the truck is often shared by other shipments from other shippers or carriers.

Freight forwarding and longhaul trucking for truckload experienced the highest business booms for revenue during the pandemic, a new U.S. Census Bureau transportation analysis shows.

The Digital LTL Council is developing a set of application programming interface standards covering the full life cycle of less-than-truckload shipments, from quote to cash.

Flock Freight, an Encinitas, Calif., trucking logistics firm that aims to revolutionize the way freight moves across the country, has landed another $215 million in venture capital.

Saia Inc. opened a new terminal in St. Peters, Mo., about 35 miles west of St. Louis, the less-than-truckload carrier’s latest in a wave of expansion across the Midwest, Mid-Atlantic and Northeast in 2017.

Indications are that the truckload market is bouncing back from some rough conditions earlier this year, according to industry analysts at Stifel, Nicolaus & Co.