ArcBest missed third-quarter expectations and is guiding to more than 500 basis points of less-than-truckload operating ratio degradation in the fourth quarter.
ArcBest sees weak trends in both its asset-based and asset-light segments during the third quarter.
Daylight Transport and Old Dominion Freight Line garnered the top rankings in consulting and research firm Mastio’s 2024 survey of shippers.
Some less-than-truckload carriers reported weaker tonnage trends in August but continued to capture increases in yields.
A soft macroeconomic environment has resulted in lighter shipments for ArcBest and a delay in the company’s freight swap.
ArcBest misses second-quarter expectations as losses at its asset-light business continue.
ArcBest reported second-quarter results on Friday, which came in light of analysts’ expectations.
ABF Freight head Seth Runser has been named president of ArcBest. He will be succeeded by the less-than-truckload carrier’s engineering vice president, Matt Godfrey.
ArcBest’s efforts to improve freight mix are producing big swings in its operating metrics, a May update revealed.
ArcBest saw big first-quarter tonnage declines as it continued to swap transactional business for contract freight.
ArcBest missed first-quarter expectations on Tuesday.
ArcBest announced a partnership with Nvidia in which it is swapping out 3D lidar sensors for an AI-based technology.
ArcBest reported another big tonnage decline in February as it continues to replace transactional freight with better-priced business from core accounts.
ArcBest announced Tuesday it can now provide autonomous and remote-controlled forklift technology.
ArcBest continued to swap out spot freight for higher-margin shipments from core accounts during the fourth quarter.
ArcBest leveraged cost initiatives to beat the fourth-quarter consensus estimate.
A Delaware bankruptcy court filing on Wednesday showed the results from a second auction of Yellow’s service centers.
ArcBest said tonnage declines in November were tied to efforts to unwind dynamic pricing initiatives.
Old Dominion Freight Line was the latest less-than-truckload carrier to announce an early general rate increase for the new year.
Third-quarter earnings reports show how Yellow Corp.’s market share was redistributed across the less-than-truckload industry.
ArcBest’s less-than-truckload operation saw a meaningful step up in profitability in the third quarter as it remains selective on market share opportunities.
ArcBest reports a third-quarter earnings beat when adjusting for several one-off items.
ArcBest said Monday that shipments from its primary less-than-truckload customers have increased 20% since June.
ArcBest reported an earnings miss Friday but that may not matter as its less-than-truckload unit is quickly taking on volume as a competitor winds down.
A collective bargaining agreement between TForce Freight and the Teamsters comes 18 days before the current contract expires.
Less-than-truckload carrier ABF Freight announced a new five-year collective bargaining agreement has been ratified by its union employees.
ABF Freight has outlined the details of its new labor agreement with its union employees.
ArcBest holds on to tonnage growth in the April-May period but yields take a notable step lower.
ArcBest announced Thursday that its chief yield officer is stepping down and will be replaced internally.
Less-than-truckload carrier ABF Freight announced Wednesday that it reached a tentative labor agreement with the Teamsters.
Northeast LTL carrier A. Duie Pyle has been growing but is hewing primarily to its existing geographic base.
The Teamsters union has authorized a strike at ABF Freight.
Saia’s revenue trends in April are much better than its less-than-truckload peers.
ArcBest on Friday stood by its strategy to take on lower-margin business.
ArcBest announced Thursday that Treasurer Matt Beasley will assume the role of chief financial officer in May.
La reorganización se cobra los puestos del fundador de MoLo, Vogrich, y del director general, Silver
ArcBest’s firing of the founder and the CEO of MoLo Solutions is part of a reorganization to tighten sales functions across the company, it said.
ArcBest’s first-quarter update bucks the less-than-truckload industry trend as tonnage increases and yields moderate.
ArcBest said Wednesday it has launched freight movement technology, allowing the contents of an entire trailer to be unloaded at once.
ArcBest said Tuesday it has further simplified its business model by selling emergency roadside and maintenance services provider FleetNet America.
Los jefes de los Teamsters prometen “luchar como locos” contra los acuerdos de ABF y TForce
The Teamsters union promises a fight heading into contract renewals with less-than-truckload carriers.
Un analista afirma que la participación del 4% de TFI en ArcBest es el preludio de una oferta de adquisición
TFI’s chief downplayed any talk that goes beyond operational synergies, but analyst Jason Seidl said TFI wants to marry ArcBest.
ArcBest’s fourth-quarter was worse than expected as the carrier manages through the downside of the less-than-truckload cycle.
ArcBest announced CFO David Cobb will retire in October 2023.
Less-than-truckload tonnage declined at an accelerated pace through November.
ArcBest beats expectations in a noisy third quarter. Tonnage declines and cost inflation during the fourth quarter will put the model to the test.
The ABF subsidiary ArcBest began hiring days last year to help aid in recruitment; FreightWaves was invited to one.
More signs of slowing in the less-than-truckload industry appeared Thursday when ArcBest provided a third-quarter update.
ArcBest reported better-than-expected results again during the second quarter.
Battling for loads in the declining spot market is exhausting for drivers who lack relationships and connectedness to customers.
A couple of less-than-truckload carriers reported positive demand trends for the first two months of the second quarter.
“As a $4 billion industry leader, we have a great responsibility to pursue activities and initiatives that improve the sustainability of our operations, provide an inclusive workplace for all and give back to the communities where we operate.”
Management from ArcBest said positive yield actions are allowing it to keep reinvesting in the network, which will continue to improve service and margins.
ArcBest easily beat first-quarter expectations Friday. The positive revenue trends have carried through April.
Cowen analyst lowers earnings estimates for truckers as data showing a loosening market mounts.
FreightWaves’ Mary O’Connell and ArcBest’s Steven Leonard sit down to cover all things LTL and how to avoid unnecessary charges
The Future of Supply Chain on May 9-10, 2022, at the Rogers Convention Center in NW Arkansas.
A Wednesday update from less-than-truckload carrier Yellow Corp. showed volume trends worsened in February on what was supposed to be an easy year-over-year comp.
El descenso del 27% se agrava respecto a enero; otros transportistas registran ganancias
ArcBest reported Friday that the favorable revenue trends logged in the fourth quarter have continued through the first two months of the first quarter.
Los resultados impresionan incluso después de eliminar los
vientos de cola
First-quarter updates from Old Dominion and Saia show LTL carriers are off to another strong start.
Attracting and retaining top talent isn’t easy; Lunar New Year has begun, Loadsmart reaches unicorn status; and the Midwest braces for winter weather.
Less-than-truckload carrier Old Dominion raised its long-term margin target when it released better-than-expected fourth-quarter earnings Wednesday.
ArcBest raised long-term expectations Tuesday in conjunction with its fourth-quarter results, which were better than expected. The company now eyes doubling its size by 2025.
Leading Phantom Auto’s series B funding round nets seat on board
Less-than-truckload carrier Saia announced a 7.5% general rate increase Tuesday. The carrier was the latest to announce rate hikes greater than the normal mid-single-digit increases.
ArcBest announced a $25 million investment in a software company that provides remote operation of forklifts and trucks.
AskWaves looks at the impact general rate increases have on less-than-truckload rates.
Trucking trends of 2021: Buying growth, expanding capabilities It’s the end of the year and for the trucking industry, disruption, record profits and new opportunities are all major themes to […]
Los transportadores que modificaron su identidad a través de fusiones y adquisiciones en el último año
Several asset-based carriers changed their course through M&A in 2021.
AskWaves looks at some of the catalysts that have heated up M&A in the transportation space.
Old Dominion Freight Line was the latest less-than-truckload carrier to implement a general rate increase ahead of schedule. The 4.9% adjustment is in line with the rate hike it announced earlier in the year.
Less-than-truckload carrier Yellow Corp reports the weakest revenue trends out of the public carriers providing fourth-quarter updates.
Hello, retail supply chain nerds. Happy Tuesday! Just wanted to remind everyone that we will not have a new episode of Point of Sale this week. INSTEAD, we have a […]
Less-than-truckload carrier Old Dominion said share-taking efforts led to revenue growth ahead of its peers during November.
Intraquarter updates from less-than-truckload carriers show record third-quarter operating conditions have continued through the first two months of the fourth quarter.
General rate increases for less-than-truckload shipments not under contract are rolling in ahead of schedule and are a little higher than normal.
FreightWaves’ Kevin Hill sits down with Michael Newcity, ArcBest’s chief innovation officer, during the F3 Virtual Experience to discuss the importance of customer collaboration in building winning technology solutions.
Less-than-truckload carriers report strong October results. But one analyst questions if the stocks have run too far ahead of results.
Forecasting is great, till it isn’t, drivers are not at fault for West Coast port congestion, and Houston didn’t get the homecoming celebration it was hoping for in the World Series.
ArcBest reported record quarterly results on Tuesday, and management sees the possibility of incremental improvement moving forward.
ArcBest posted record quarterly results for the third time this year on Tuesday. Each of its segments reported double-digit top-line growth.
ArcBest announced Monday that it has closed on the previously announced acquisition of Chicago-based truckload brokerage MoLo Solutions.
The logistics arm of Cheema Freightlines announced it has acquired 3PL provider Walker Logistics.
Morgan Stanley analyst Ravi Shanker believes rate expectations of truckload management teams haven’t been reflected in 2022 earnings estimates yet.
FreightTech got its glow up this month. Automation is king and low emissions are the way of the future.
ArcBest announced after the close Wednesday it has entered into an agreement to acquire Chicago-based truckload broker MoLo.
Less-than-truckload carrier Yellow reported tonnage declines worse than its peers for the first two months of the third quarter. The carrier said it currently remains focused on driving yields higher in lieu of volume growth.
Carriers have held back on physical plant investments. Now with volumes and profits escalating, CapEx levers may start to be pulled.
The company’s earnings per share tripled the prior-year results due to strong demand, favorable comparisons with 2020’s second quarter.
ArcBest’s Jason Turner says the best supply chain providers are blending technology talent with logistics expertise.
Danny Loe makes a return appearance on Point of Sale with Andrew Cox to talk about the current freight market.
Hundreds of shippers, including ones that supply big-box retailers like Home Depot and Lowe’s, are scrambling for transportation after FedEx Freight (NYSE: FDX) on Monday abruptly stopped truck pickups at […]
The large year-over-year revenue increases recorded by less-than-truckload carriers in the second quarter continued with Yellow on Monday after the close. However, the carrier’s operating metrics lagged some of its competitors as it continues to execute a companywide overhaul.
Less-than-truckload carrier Old Dominion reported further acceleration in tonnage and yields in the first two months of the second quarter on Thursday.
On this episode of Point of Sale, Andrew Cox explores how retailers are still adapting.
