Less-than-truckload carriers ArcBest and Saia report continued strength in demand through the first two months of the second quarter.
Kevin Hill, FreightWaves’ executive publisher, chats with Michael Newcity, chief innovation officer and president of ArcBest Technologies, during FreightWaves LIVE @HOME.
On this episode of Point of Sale, Andrew Cox dives deep into the world of customer loyalty and obsession and how trucking fits into an obsessive world.
ArcBest points to the current “robust demand” environment as supportive of raising equipment spending in 2022.
Logistics provider ArcBest Corp. posted first-quarter results well ahead of analysts’ expectations Tuesday.
On this episode of Point of Sale, Andrew Cox looks at the steps one leading beauty brand is taking to mitigate environmental impacts.
On this episode of Point of Sale, Andrew Cox looks at the benefits of managed transportation with ArcBest’s Danny Loe.
FreightWaves Senior Retail Analyst Andrew Cox is joined by Dennis Anderson, Chief Customer Officer at ArcBest, and Matt Waller, Dean of the Sam Walton College of Business at the University […]
ArcBest’s Danny Loe, head of asset-light logistics and chief yield officer, joins George Abernathy, president of FreightWaves, to chat about the new normal for procuring capacity during the 3PL Summit.
Less-than-truckload carrier Yellow Corp., like other LTLs, reports a weather-related falloff in February trends. However, industrial data continues to suggest this LTL freight recovery has legs.
Senate-approved emergency pension relief covering Yellow, ABF Freight employees could hit President’s desk this week.
Old Dominion Freight Line said Thursday it would add 800 drivers and more than 400 dockworkers and clerical personnel to meet “robust freight demand.”
Less-than-truckload carrier Saia reported a small decline in volumes during February, reversing the more than 5% increase recorded in January. Excluding inclement weather, the carrier said trends remain consistent with January.
Less-than-truckload carrier Old Dominion reported Tuesday that February results were impacted as inclement weather took hold on parts of its network during the month. However, the carrier noted that the deceleration from January’s robust growth rate lasted for only one week.
Logistics provider ArcBest Corp. reported that the positive trends in its asset-based segment during January were derailed by poor weather in February. Overall, less-than-truckload fundamentals “remain generally positive,” according to one analyst.
Most less-than-truckload carriers have implemented general rate increases for 2021. The average increase is in the mid-single digits, ahead of some increases issued in the past and likely indicative of a firm LTL market.
The Teamsters’ Central States Pension Fund could be saved through the COVID-19 relief package.
Dooner and The Dude learn how ArcBest has adapted during the pandemic to help deliver supplies in this session of FreightWaves’ Health & Pharma Supply Chain Summit.
In today’s edition of The Daily Dash, UPS’ blowout Q4; Mayor Pete gets a new job; and Forward Air is raising prices.
Maritime rates are still soaring as ports stay backlogged, but could a federal mask mandate help alleviate some of the issues?
Logistics provider ArcBest sees positive tonnage trends continue in the first quarter. The less-than-truckload carrier is attempting to break the historical margin decline seen from the fourth quarter to the first.
Logistics provider ArcBest reported better-than-expected results for the fourth quarter Tuesday. Less-than-truckload tonnage increased by double-digit percentages as weight per shipment jumped 10%.
Past Forward Air CFO Andy Clarke outlines his outlook for improving returns at his former company. He represents an activist investor group, which includes turnaround investment firm Ancora Advisors and Forward’s founder.
In today’s edition of The Daily Dash, could an influx of capacity drive down spot rates? Plus, ArcBest President Tim Thorne is retiring, and federal regulators consider nixing a vision exemption for CDL holders.
Deutsche Bank’s December geofencing data suggests LTL volumes continued the positive trends seen in the first two months of the fourth quarter.
ABF Freight head Tim Thorne announces his retirement after a 31-year career with the less-than-truckload carrier. ABF’s current VP of linehaul, Seth Runser, will become the carrier’s new president in July.
Former executives at Forward Air along with an activist investor have been acquiring shares since October in efforts to make changes to the management team, board and capital allocation strategy, which may include divesting “non-core assets.”
The chief customer officer looks to be the bridge between logistics departments and C-suites.
In today’s edition of The Daily Dash, ArcBest is the latest LTL carrier to report a strong start to Q4. Plus, 2020 supply chain trends are likely to continue into 2021, and Trevor Milton has begun to sell shares in Nikola Corp.
ArcBest sees asset-based revenue continue positive streak in November. This is the fourth LTL carrier to report improving trends in the quarter.
Industry speakers, technology demos and venture capitalists took center stage last week for FreightWaves’ FreightTech Venture Summit and LIVE @HOME events. Now you can catch sessions you may have missed or rewatch those that most interested you with a special rebroadcast of the events beginning Tuesday.
ArcBest CEO Judy McReynolds talks about the company’s customer service model and how it has helped them thrive throughout the pandemic at FreightWaves LIVE @HOME on Thursday.
In today’s edition of The Daily Dash, YRC announces changes, tapping of loan agreement, plus Landstar’s CFO suddenly stepped down and FreightWaves gets ready to kick off the two-day LIVE @HOME virtual event.
Logistics provider ArcBest is experiencing some of the strongest tonnage trends in the company’s history. The year-over-year comparisons turned positive in August and have continued to climb.
Disruption, technology and keynote addresses from Shelley Simpson and John Roberts III of J.B. Hunt and Thomas Healy of Hyliion will highlight FreightWaves LIVE @HOME.
Logistics provider ArcBest beats third-quarter expectations by 50%. Improved demand and cost management drive the result.
Deutsche Bank’s geofencing data shows less-than-truckload terminal activity at XPO accelerated during the third quarter while other carriers saw moderation.
Majority of comments received so far by FMCSA support changing the law.
With many data points sitting at cycle highs, several industry participants are calling for the trucking market’s bull rally to last well into 2021.
YRC Worldwide reported trends worse than its competitors for the first two months of the third quarter. Recent postings show the carrier is moving forward on its turnaround by rationalizing its terminal network.
ArcBest’s results for the first two months of the third quarter confirm recent positive updates provided by other less-than-truckload carriers.
ArcBest, Crane Worldwide, Fullen Dock & Warehouse, Grupo TMM, Premier Manufacturing, Southeastern Freight and United Airlines announce promotions and hires.
Declines in Cass freight data continue to outpace the industry by a considerable margin. The firm sees improved results on the horizon.
YRC Worldwide expands regional next-day service throughout the South. The announcement follows similar expansion plans from competitors.
Cost initiatives and spot market freight ease the impacts of a choppy pandemic-impacted freight market. ArcBest’s improving trends lead to reinstated wages and benefits.
ArcBest’s second quarter result, a $0.67 per share profit, was much better than analysts’ forecasts for a break-even performance. The company will restore salary and benefit cuts.
Several other companies cited in overall bullish report
Deutsche Bank geofencing data shows the less-than-truckload recovery off of an April bottom spills into June.
YRC’s $700 million loan from the Treasury Department raises concerns from industry experts about the survival of the company and whether the deal is worth it.
YRC Worldwide’s midquarter report was worse than that of its peers and adds to industry speculation that some shippers could be avoiding the carrier.
ArcBest joins other less-than-truckload carriers seeing a May rebound from April lows. A 10% stock bump from a rating upgrade holds into the second trading session.
Less-than-truckload demand appears to have bounced off of an April bottom according to reports from carriers.
Stifel’s David Ross announces that he is suspending his rating and estimates on YRC Worldwide and questions the company’s ability to survive.
ArcBest managed through the first quarter largely unscathed by the coronavirus outbreak. That has all changed in April as revenue is off 20% year-over-year.
ArcBest sees “one of the best first quarters” in company history, but COVID-19-related demand headwinds took a toll on April’s results.
With the belt tightened at YRC, a covenant waiver and benefits contribution deferral are still required.
ArcBest battens the hatches on coronavirus concerns. The company draws down available credit and implements business continuity plan.
P.A.M. Transportation says it has temporarily laid off approximately 75 employees as auto plant closures increase.
Most companies are right near the 25% decline in the market since February 1.
Tonnage headwinds and better yields are the story so far in 2020. Old Dominion Freight Line reports modest revenue decline.
Many freight and logistics providers have reported weak earnings in the past few weeks. Due to the current operating environment, these totals were expected and investors have begun buying into the second half recovery story.
ArcBest posts down q4 results and January didn’t look much better
Most key metrics were lower for the LTL carrier/brokerage company.
As peak retail season approaches, the battle for retail compliance only intensifies.
ArcBest posts weak third quarter numbers for asset and non-asset units
Old Dominion, ArcBest report sluggish monthly
Safety, labor advocates register early opposition to rule changes.
ArcBest posted flat to down second quarter results as a weak LTL macro environment and too much truckload capacity hit its two main units.
A great deal of focus has been placed on the seasonal weakness in TL volumes, but LTL volume weakness is equaling concerning.
The three stocks get an upgrade not just on Cowen’s optimistic view of the market, but by how much their prices have been hit.
Weak demand on the asset light side weighs down results.
Women In Trucking Association (WIT) named Judy R. McReynolds, chairman, president and chief executive officer of ArcBest, the winner of the fifth annual Women In Trucking Association’s Distinguished Woman in Logistics Award (DWLA).
Shippers are buying far more than LTL these days, McReynolds says.
The company laid out its strategy in an SEC filing in the third quarter, and the fact that it is succeeding was evident in the numbers.
Even the Port’s director agrees something needs to be done; East Coast port notches new record; ATA crows about California victory.
ArcBest posted excellent operating results for the third quarter, but executives failed to clarify the company’s pension liabilities, which were the subject of a controversial short seller report last month.
Some of the stocks that were getting hammered at midday recovered on the back of the broader market rebound by the close. One exception: Ryder.
There’s no particular pattern in seeing which stocks have declined significantly more than the drop in the overall S&P 500 index.
FreightWaves spoke to ArcBest officers about Off Wall Street’s research report, which they said raised concerns about off-balance sheet liabilities related to pensions.
ArcBest Corporation (NASDAQ: ARCB) recently finalized a new 5-year contract with the International Brotherhood of Teamsters. The new contract brought “major gains” for members, including vacation restoration, wage increases and health benefit preservation.
The company turned a first quarter 2017 loss into a profit this year.
Tax reform lifts earnings projections for two, but Old Dominion gets praise for operations
