News / LTL carriers step up cost saving as market stays stubbornly soft

As job culls spill over into the less-than-truckload (LTL) sector, XPO has been on a trimming mission that aims to generate annual savings of more than $50m in labour costs.

Other LTL firms have reduced their investment plans for the year in response to uncertainty when the market will see a recovery.

According to chief strategy officer Ali Faghri, XPO’s head count shrank about 1% from Q4 22 to the first quarter of this year, with a bigger reduction in the current ...