LTL carriers

FedEx is working on several fronts to shore up its less-than-truckload business ahead of a 2026 spinoff.

Less-than-truckload carrier Roadrunner said it has added 278 direct metro-to-metro routes.

Yellow’s final bankruptcy plan didn’t garner the needed support and will now be countered by a competing plan from the estate’s unsecured creditors.

Knight-Swift Transportation has added former Saia Chief Financial Officer Doug Col to its board.

ArcBest said it added more truckload freight in February to stem the volume declines at its less-than-truckload business.

Deutsche Bank relaunched coverage of the transportation space on Friday with a strong bias toward companies most likely to benefit from a pickup in the industrial economy.

Less-than-truckload carrier XPO’s February tonnage decline isn’t as bad as the headline result suggests.

Less-than-truckload carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.

Forward Air has largely finished the integration of Omni Logistics and now needs a much-improved demand environment to return margins to former levels and pay down debt.

J.P. Morgan analyst Brian Ossenbeck warned in a research note that Amazon’s entry as a for-hire competitor poses a substantial risk to LTL stocks.

Pitt Ohio hosted a Thursday call to help shippers prepare for changes to the less-than-truckload freight classification system.

Less-than-truckload carrier ABF Freight has entered agreements to acquire two of bankrupt Yellow Corp.’s terminals for $11.5 million.

An entity with ties to shuttered car hauler Jack Cooper has acquired and relaunched regional less-than-truckload carrier Standard Forwarding.

Driver recruiting specialist Tenstreet announced Monday it has acquired driver visibility and communications platform TextLocate.

Court filings show three less-than-truckload carriers are seeking approval to acquire $15 million of bankrupt Yellow Corp.’s real estate.

Shares of less-than-truckload carrier XPO were up 9% in midday trading on Thursday following a fifth consecutive quarter of year-over-year margin improvement.

Less-than-truckload carrier XPO beat fourth-quarter earnings expectations Thursday before the market opened.

Old Dominion Freight Line is planning for a good 2025 back half and hasn’t given up on the first half yet.

Less-than-truckload carrier Old Dominion Freight Line beat fourth-quarter expectations Wednesday before the market opened.

Less-than-truckload carrier Saia is looking for opportunities to raise pricing across its larger network to levels commensurate with the rest of the market.

Less-than-truckload carrier Saia reported better-than-expected fourth-quarter results on Monday.

ArcBest’s fourth-quarter results were ahead of analysts’ expectations but reflect a sluggish demand environment.

ArcBest beat fourth-quarter expectations Friday but noted that continued industrial weakness is weighing on its results.

Knight-Swift Transportation wants to see more proof the truckload market has turned before it raises its outlook.

Two purchase agreements for four of Yellow’s terminals were submitted to a federal bankruptcy court as a broader bid deadline nears.

Bankrupt Yellow Corp. has settled claims with two groups of employees who claim they were not properly notified ahead of mass layoffs in 2023.

Less-than-truckload carrier Pitt Ohio said it will offer direct service from Cincinnati to six cross-border locations in Texas.

An entity owned by the family that owns car hauler Jack Cooper has acquired Standard Forwarding.

The less-than-truckload industry needs an uptick in demand to maintain favorable pricing fundamentals.

Less-than-truckload carrier Roadrunner will implement a 6.9% general rate increase on Wednesday.

Forward Air announced Monday its board of directors has embarked on a review of strategic alternatives.

Big changes are coming in 2025 to the way less-than-truckload freight is classified.

A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.

FedEx said Thursday it will move forward with the separation of its less-than-truckload and legacy package delivery businesses.

Less-than-truckload carrier Pitt Ohio has acquired Midwest carrier Sutton Transport.

Forward Air announced after the market closed Friday the termination “without cause” of its president and chief operating officer.

XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.

Intraquarter updates from a pair of less-than-truckload carriers pushed shares of the group lower on Tuesday.

Industrial data remains under pressure ahead of intraquarter updates from less-than-truckload carriers.

The Teamsters new labor deal with Standard Forwarding likely clears the path for a Jack Cooper acquisition.

A majority stake in less-than-truckload carrier Roadrunner has changed hands from an activist investor to an investment group led by the company’s CEO.

Less-than-truckload carriers continue to take general rate increases even as the overall demand picture remains murky.

Forward Air lowered full-year earnings guidance on Monday and said it wouldn’t address press reports that it is up for sale following a messy merger.

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.

Less-than-truckload carrier XPO beat third-quarter expectations and outlined a plan for outsize yield and margin growth.

XPO beats third-quarter expectations, reporting 200 basis points of margin improvement in its less-than-truckload unit.

Moran Transportation announced it has acquired fellow less-than-truckload transportation provider RMX Freight Systems.

A federal bankruptcy judge overseeing Yellow Corp.’s liquidation has corrected a mistake in an earlier opinion, which could significantly alter how much Yellow owes to pension funds.

Less-than-truckload carrier Saia saw a modest backup in financial results during the third quarter but reasserted confidence that it’s on the right path with its terminal growth strategy.

Less-than-truckload carrier Saia’s less favorable freight mix and higher cost structure from a terminal expansion weighed on its third quarter.

Knight-Swift Transportation beat third-quarter expectations and provided some positive anecdotes around recent demand and pricing trends.

Knight-Swift Transportation beat the third-quarter consensus estimate but provided a mixed earnings outlook for the next two quarters.

Continued weakness in freight demand weighed on Old Dominion’s third quarter, but the less-than-truckload carrier said current sequential trends are the best in two-and-a-half years.

Old Dominion Freight Line’s third-quarter came in slightly ahead of analysts’ lowered expectations, but its volume trends remained soft.

Less-than-truckload carrier Saia said it will open three terminals in October, pushing its new terminal count to more than 20 this year.

After mounting pressure from some shareholders following an ill-fated merger, sources have confirmed to FreightWaves that Forward Air is working with investment bankers to sell the company.

Daylight Transport and Old Dominion Freight Line garnered the top rankings in consulting and research firm Mastio’s 2024 survey of shippers.

A Wednesday court filing showed bankrupt Yellow Corp. will begin accepting indications of interest for its remaining terminals next week with the hope of closing the property sales in January.

A Delaware bankruptcy court denied a request to stay the deposition of Teamsters union leader Sean O’Brien regarding his involvement in failed negotiations with Yellow Corp. last year.

Saia announced plans to open three more terminals in September, which is part of a larger plan to open 18 to 21 this year.

Susquehanna Financial Group analyst Bascome Majors cut his earnings forecasts for less-than-truckload carriers following a soft August.

Some less-than-truckload carriers reported weaker tonnage trends in August but continued to capture increases in yields.

Teamsters union leader Sean O’Brien will have to appear at an in-person deposition that could determine the fate of up to $244 million in WARN Act claims against Yellow’s estate.

Less-than-truckload carrier Saia is still recording volume growth even though a year has passed since Yellow Corp. closed and the comparisons have gotten tougher.

A soft macroeconomic environment has resulted in lighter shipments for ArcBest and a delay in the company’s freight swap.

Newly-formed Jack Cooper LTL is rumored to be in talks to purchase less-than-truckload carrier Standard Forwarding.

Yellow Corp., which is close to submitting a final Chapter 11 plan, can retain real estate broker CBRE to sell its remaining terminals, a Delaware bankruptcy court said Friday.

Less-than-truckload carrier Estes said Thursday it has closed on seven additional terminals that were being leased by bankrupt Yellow Corp.

XPO is reportedly again in talks to divest its European transportation business as it seeks to focus solely on its North American less-than-truckload operations.

Less-than-truckload carrier Saia is adding six locations acquired from Yellow Corp. in Montana, South Dakota and Wyoming in August.

Creditors to Yellow’s estate say professional fees are racking up while its advisers delay a realistic Chapter 11 plan in hopes of producing an unlikely recovery for shareholders.

Less-than-truckload provider Roadrunner said Wednesday it will now serve locations in western Canada.

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.

Less-than-truckload carrier XPO bested second-quarter expectations on Thursday as tonnage and yields continued to move higher.

Less-than-truckload carrier XPO beat second-quarter expectations as tonnage and yield increases were complemented by effective cost management.

Knight-Swift announced its third less-than-truckload acquisition on Tuesday, purchasing Los Angeles-based Dependable Highway Express for an undisclosed sum.

Growth-related costs and a less favorable freight profile led to Saia’s second-quarter results coming up short of expectations.

A first look at less-than-truckload carrier Saia’s second-quarter earnings report.

Knight-Swift Transportation said the trough of the freight cycle has likely passed and that it is now focused on growing its less-than-truckload business.

Old Dominion Freight Line beat second-quarter expectations Wednesday as it continues to ready its network for an improving freight economy where it plans to win market share.

Less-than-truckload carrier Saia announced two new terminal openings on Monday and said it will now open 18 to 21 terminals this year versus a prior expectation of 16.

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.

Less-than-truckload carrier XPO said it has expanded its cross-border service with the launch of XPO Mexico+.

Less-than-truckload carrier Saia continues to open terminals acquired from bankrupt Yellow Corp.

Forward Air confirms it has implemented workforce reductions and other restructuring initiatives.

Industry expert Satish Jindel offers perspective on Forward Air’s controversial merger with Omni Logistics.

ArcBest’s efforts to improve freight mix are producing big swings in its operating metrics, a May update revealed.

Less-than-truckload carrier XPO reported a modest increase in volumes during May, but yields took a notable step higher.

Old Dominion’s volume metrics continue to lag peers, largely by design.

Less-than-truckload carrier Saia reported an acceleration in its volume metrics for May, sending its share price up 14% on Tuesday.

Yellow Corp. gets to exclusively oversee its liquidation for another 90 days, keeping shareholders’ hopes for recovery alive.

Less-than-truckload carrier Saia has tapped Matthew Batteh, vice president of finance, as its new chief financial officer.

Less-than-truckload carrier XPO will open the bulk of the terminal portfolio it acquired from defunct Yellow Corp. this year.

ArcBest saw big first-quarter tonnage declines as it continued to swap transactional business for contract freight.

ArcBest missed first-quarter expectations on Tuesday.

TFI International has acquired less-than-truckload carrier Hercules Forwarding, which generates over $100 million in revenue each year.

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

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