LTL carriers

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.

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

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

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

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.

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

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.

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

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.

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.

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

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

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

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

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

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.

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.

Less-than-truckload carrier Saia will implement a 7.5% general rate increase in early December.

Averitt Express received the highest overall ranking, with Old Dominion Freight Line voted top national less-than-truckload carrier in a value and loyalty survey.

Tuesday filings before a Delaware bankruptcy court are asking for the use of professional auction houses in the disposition of Yellow’s trucks and trailers.

Roadrunner announced Tuesday a new service that waives 100% of the freight bill for shipments that don’t arrive on time.

A quarterly survey of shippers suggests the trucking market is still distanced from a material recovery.

Equity research analysts are taking less-than-truckload earnings forecasts higher following the industry’s successful absorption of defunct Yellow’s freight.

More than one-third of shippers and brokers polled said they were still searching for a permanent less-than-truckload provider following Yellow’s exit.

Less-than-truckload provider Forward Air missed second-quarter earnings expectations but management noted it’s seeing a lift from Yellow’s shutdown.

Less-than-truckload carrier Yellow Corp. closed the gates Sunday and ceased all operations.

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.

Old Dominion reported what will likely be best-in-class results for the second quarter and said recent turmoil at competitor Yellow Corp. hasn’t altered its strategy any.

Stock analysts size up less-than-truckload market dynamics following weeks of turmoil at carrier Yellow Corp.

Documents revealed late Monday show Yellow Corp. has missed required contributions for June and plans to withhold July payments.

Canada and Mexico are seeing tremendous growth as a result of nearshoring efforts. This has generated significant interest in cross-border capabilities.

Earnings estimates for truckload and less-than-truckload carriers get a notable negative revision at Morgan Stanley.

Shares of Yellow Corp. plummeted Tuesday as a lawsuit against Teamsters revealed the company’s options are dwindling and it will be out of cash in a few weeks.

The National Motor Freight Traffic Association said less-than-truckload industry participants are seeing benefits from using electronic bills of lading.

XPO announced the completion of a capacity expansion project in the Western part of its network.

Roadrunner has announced more long-haul, direct service lanes.

The latest exchange between the Teamsters union and Yellow Corp. suggests the carrier is running out of time and money.

ArcBest holds on to tonnage growth in the April-May period but yields take a notable step lower.