Data compiled in the Cass Freight Index shows the freight market continued to hover near cycle lows in February.

ArcBest reported another big tonnage decline in February as it continues to replace transactional freight with better-priced business from core accounts.

Supply chain software provider Descartes said it continued to pick up market share on its way to another record quarterly performance.

Truckstop’s Brent Hutto shared his view of the truckload market on Wednesday at FreightWaves’ 3PL Summit.

Less-than-truckload carrier XPO is seeing some of the strongest volume growth in the industry.

Old Dominion Freight Line reported modestly better trends in February compared to January but noted the market remains soft.

Transportation prices grew for a second straight month in February, according to the Logistics Managers’ Index, but couldn’t keep pace with capacity.

Less-than-truckload carrier Saia said daily shipments were up 19% in February Monday after the market closed.

Analysts didn’t get the level of detail they were hoping for Thursday during Forward Air’s first quarterly call since its messy merger with Omni Logistics.

Forward Air’s fourth-quarter results sent shares lower in after-hours trading on Wednesday as investors hope a Thursday call will provide financial targets following a controversial merger.

Rising insurance costs, which were flagged by most carriers on fourth-quarter calls, present a headwind to earnings, Morgan Stanley said Tuesday.

Knight-Swift Transportation said Tuesday its president and CEO, Dave Jackson, has stepped down and will be replaced internally with CFO Adam Miller.

J.B. Hunt said Thursday it will buy Walmart’s intermodal assets and that the two companies entered a multiyear agreement that will bring more shipments to J.B. Hunt’s network.

Spot market metrics saw a brief reprieve in January as winter storms sidelined capacity, but carriers say the market will likely stay depressed for at least a couple more months.

Third-party logistics provider Air Van announced it acquired G&C Cartage.

Cass freight data for January shows continued weakness, but the month included harsher-than-normal winter weather.

A Delaware bankruptcy court will decide on March 6 if it will hear pension withdrawal liability litigation against Yellow Corp.

ArcBest announced Tuesday it can now provide autonomous and remote-controlled forklift technology.

Liquid bulk hauler Kenan Advantage Group announced it has entered the dry bulk space with the acquisition of Northern Dry Bulk.

As many as 14,000 former Yellow Teamsters could head back to work if a would-be less-than-truckload startup can persuade creditors to approve their plan.

Radiant Logistics reported adjusted earnings ahead of consensus for its fiscal second quarter ended Dec. 31.

XPO’s fourth quarter exceeded expectations, and the company provided robust pricing guidance for 2024.

Less-than-truckload carrier XPO reported a better-than-expected close to 2023.

Werner Enterprises saw another step down in operations during the fourth quarter.

Yellow Corp. said it has paid a total of $851 million to the U.S. Treasury as repayment for a 2020 CARES Act loan.

ArcBest continued to swap out spot freight for higher-margin shipments from core accounts during the fourth quarter.

The Logistics Managers’ Index for January showed transportation prices are increasing as retailers take on inventory.

ArcBest leveraged cost initiatives to beat the fourth-quarter consensus estimate.

Forward Air provided an update on January trends but made no mention of December numbers or who is currently in charge of recently acquired Omni Logistics.

Less-than-truckload carrier Saia will spend roughly 30% of its annual revenue buying terminals and trucks as it looks to take market share again in 2024.

Pam Transportation Services contends with an auto strike in addition to already depressed truckload demand during the fourth quarter.

Landstar System said Thursday that a recovery won’t likely occur until summer.

Schneider National reported a fourth-quarter earnings miss and a worse-than-expected 2024 outlook on Thursday.

Truck broker Landstar is seeing normal seasonally weak trends so far in January, which is worse than what analysts were hoping for.

Heartland Express’ fourth quarter benefited from large gains from terminal sales, without which the truckload carrier would have seen another loss.

Old Dominion’s fourth quarter was largely in line with analysts’ expectations even as it takes on growth-oriented costs ahead of improvement in demand.

Less-than-truckload provider Roadrunner announced the addition of 135 new lanes as well as service to parts of Canada.

Link Logistics records another big year of final-mile property additions in 2023.

Forward Air announced Thursday that it has closed on a merger with Omni Logistics following months of litigation.

Knight-Swift Transportation reported a big fourth-quarter miss on Thursday, but management has hopes normal seasonality will return by spring.

Forward Air announced Monday that its deal with Omni Logistics will close at a slightly reduced amount.

C.H. Robinson said 10 of the top less-than-truckload carriers on its platform are now using electronic bills of lading.

J.B. Hunt Transport Services’ fourth quarter was weighed down by insurance costs but revealed a couple bright spots at the bottom of the cycle.

A Delaware court will determine if Forward Air is required to close on a merger with Omni Logistics, or if Omni breached the deal agreement as alleged.

Logistics real estate operator Prologis’ 2024 outlook calls for relative softness in the market during the first half of the year before rebounding.

PS Logistics announced its second deal of the year, acquiring the flatbed operation of North Carolina-based ELS.

Equities analysts have trimmed fourth-quarter truckload estimates again after the industry limped through the final days of the year.

Warehouse operator Prologis reported in-line fourth-quarter results and full-year 2024 guidance.

J.B. Hunt announced it has added former railroad executive Patrick Ottensmeyer to its board.

December data from Cass Information Systems shows further rate stabilization, albeit at depressed levels.

Yellow’s estate is roughly halfway through the liquidation of more than 300 terminals, a court order showed Friday.

Werner Enterprises said Wednesday that Nathan Meisgeier, its chief legal officer, has also assumed the role of president of the company.

PS Logistics’ latest acquisition adds several hundred trucks to its Southeast operations.

Morgan Stanley told investors on Monday that a rebound in freight demand may happen sooner than many are expecting as inventories need to be rebuilt.

Less-than-truckload carrier Pitt Ohio announced the expansion of its New England service on Monday.

Chattanooga, Tennessee-based 3PL Kenco announced Thursday it has acquired third-party warehousing services provider The Shippers Group.

The Logistics Managers’ Index report showed transportation metrics worsened again in December but noted recent inventory cuts could put the freight cycle back on track in 2024.

2023 brought two large truckload acquisitions, several less-than-truckload carriers picking through a bankrupt carrier’s assets and no resolution to a $3.2 billion merger attempt, among other transactions.

Counsel for Omni Logistics claims Forward Air’s CEO withheld requested notes from board meetings discussing plans to avoid a merger between the companies.

TFI International entered an agreement to acquire flatbed carrier Daseke and said it’s exploring a spinoff of its truckload business.

A Delaware bankruptcy court filing on Wednesday showed the results from a second auction of Yellow’s service centers.

Forward Air said Wednesday it sold its final-mile business, but it provided no update on the status of a merger with Omni Logistics.

BWT Logistics announces it has acquired North Carolina-based regional 3PL International Express Trucking

Data from the November Cass Freight Index shows both shipments and expenditures remained pressured.

PLP Logistics is attempting to expand the use of dimensioners among shippers.

Two Western Pennsylvania-based carriers combine their fleets to better serve the heavy-haul and specialized truck freight markets.

Brent Hutto from Truckstop.com talks about expectations for the spot market at FreightWaves’ Domestic Supply Chain Summit.

XPO said Tuesday it’s excited about a “once-in-a-generation” terminal acquisition that will facilitate the next decade of growth.

ITE Management said Tuesday it has acquired a majority stake in intermodal chassis lessor Trend.

A Delaware bankruptcy court approves the first round of Yellow’s terminal sales.

Forward Air announced a 5.9% general rate increase for 2024 that is near the middle of the range of recent carrier announcements.

Yellow Corp. has reportedly rejected a bid that would resurrect the company from bankruptcy.

Forward Air reports positive tonnage trends for the first two months of the fourth quarter.

Less-than-truckload carrier Old Dominion Freight Line reports muted volume trends for November.

Software-as-a-service provider Descartes reported record quarterly results Tuesday and said the market is ripe for M&A.

ArcBest said tonnage declines in November were tied to efforts to unwind dynamic pricing initiatives.

Weak transportation metrics were noted in a monthly survey of supply chain executives.

Less-than-truckload carrier XPO reported higher shipments in November one day after it was announced to have the largest winning bid at Yellow’s terminal auction.

A Delaware bankruptcy court filing shows several prominent less-than-truckload carriers hold $1.9 billion in winning bids for 130 of Yellow’s terminals.

Broker Landstar System announced Monday after the market closed that its CEO Jim Gattoni will be stepping down early next year.

Colonial Terminals announced the acquisition of a bulk liquid terminal from Buckeye Terminals.

Saia’s fourth-quarter update shows it is retaining the freight it onboarded as a result of Yellow’s collapse.

A filing in a Delaware bankruptcy court said the auction for Yellow’s terminals is ongoing and that winning bids may not be revealed until Tuesday.

Cold storage and logistics provider Lineage Logistics is working on an initial public offering that will value the company at more than $30 billion, Bloomberg reported Tuesday.

A recent exchange of filings in a Delaware court shows Forward Air and Omni Logistics are at odds over Omni’s 2023 financial forecasts, among other things.

An open letter from activist investor Ancora says the firm has come under attack following its public disapproval of Forward’s merger proposal with Omni Logistics.

Trucking industry leaders said at an investor conference that the weak truckload fundamentals seen in the third quarter have continued through the fourth.

Lazer Logistics plans to roll out a recently acquired yard management technology across its network of more than 600 locations.

Forward Air provided long-term financial targets on Tuesday and said the outcome of its bid for Omni Logistics may not be decided until next year.

October freight data from Cass Information Systems showed continued softness into peak season.

Final-mile delivery company Riverstone Logistics said Monday it has acquired appliance delivery company Ralph’s Transfer.

Old Dominion Freight Line was the latest less-than-truckload carrier to announce an early general rate increase for the new year.

Forward Air has filed a counterclaim against Omni Logistics and wants a Delaware court to rule it’s not obligated to move forward with the merger.

Flatbed carrier Daseke reported an in-line third-quarter result Thursday but reduced its full-year guidance.

Supply chain metrics for October showed fundamentals for transportation providers may be improving.

Truck brokerage RXO beat third-quarter estimates Tuesday and said it will continue to expand its platform and take market share on the downside of the cycle.

J.B. Hunt and BNSF Railway announce the launch of a new customized intermodal offering at FreightWaves’ F3: Future of Freight Festival 2023.

EFW said Monday it has closed on the acquisition of Superior Brokerage Services, which doubles its revenue and warehousing capacity.

Schneider National missed third-quarter estimates Thursday and cut its outlook for the year by more than 20%.

Werner Enterprises reported a worse-than-expected result for the third quarter as margins in both its trucking and logistics segments deteriorated from the second quarter.