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This results in a "revolving door" within most long-haul trucking companies, as drivers are constantly switching jobs or leaving the industry. In the short-haul and less-than-truckload (LTL) sectors, driver turnover is only around 15%, [83] mainly due to the better working conditions, higher pay, and unionized workers.
In 1996, Consolidated Freightways, Inc. spun off its unionized long-haul trucking business, CF MotorFreight and four other long-haul subsidiaries, from its non-union LTL operations and related businesses creating two separate publicly traded companies. The long-haul group was renamed Consolidated Freightways Corporation and the former parent ...
The combination of Con-way Truckload and CFI provided a number of benefits. CFI had been Con-way Freight's largest provider of contract service for long-haul transcontinental truckload transportation. CFI had operations in Mexico for more than 20 years and was already one of the largest cross-border truckload carriers.
A major problem for the long-haul trucking industry is that a large percentage of these drivers are aging, and are expected to retire. Very few new hires are expected in the near future, resulting in a driver shortage. Currently, within the long-haul sector, there is an estimated shortage of 20,000 drivers.
It is the fourth largest trucking company in the United States. [2] The company's primary subsidiaries are truckload carriers Knight Transportation, Swift Transportation, Midnite Express and, since July 2021, less than truckload (LTL) carrier AAA Cooper. In January 2022, the company expanded its LTL footprint with the acquisition of Midwest ...
[37] [38] LTL is a freight model which involves shipping smaller quantities of goods for multiple customers at a time. [39] In 2022, XPO's CEO stated that the company operates in 99% of US zip codes. [40] As of March 2022, XPO also produced new and re-manufactured trailers at a factory in Searcy, Arkansas. [40] [41]
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