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.
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.
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.
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.
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.
ArcBest misses second-quarter expectations as losses at its asset-light business continue.
Less-than-truckload carrier XPO bested second-quarter expectations on Thursday as tonnage and yields continued to move higher.
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.
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.
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.
Less-than-truckload carrier XPO easily surpassed analyst expectations for the first quarter as significantly higher yields amplified modest tonnage gains.
ArcBest saw big first-quarter tonnage declines as it continued to swap transactional business for contract freight.
Saia and other less-than-truckload stocks sink for a second time in a week as quarterly reports disappoint.
An in-line earnings report and tepid guidance from Old Dominion sent shares of less-than-truckload carriers lower Wednesday.
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.
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 carrier Saia sees freight surge in the first two weeks of August.
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.
Less-than-truckload carrier Yellow reported another large drop in volumes Friday after the market closed.
Less-than-truckload provider Forward Air said Tuesday that demand momentum has improved as the second quarter has progressed.
Less-than-truckload carrier XPO reported another modest tonnage decline in May, which was in line with trends at Saia and much better than Old Dominion’s report.
Less-than-truckload carrier Old Dominion reported no seasonal inflection in volumes during May but continued to push yields higher.
Less-than-truckload carrier Saia reported second-quarter volume metrics on Friday that imply a high-single-digit sequential increase in tonnage from the first quarter.
Less-than-truckload carrier XPO reported better-than-expected first-quarter results and said it remains on track to achieve long-term profitability targets.
Less-than-truckload carrier Yellow Corp. recorded a net loss during the first quarter as it attempts to overhaul its network.
Forward Air noted some optimism in its lowered outlook on Tuesday, saying recent customer conversations have been promising.
Saia’s revenue trends in April are much better than its less-than-truckload peers.
After culling underperforming freight for the better part of two years, less-than-truckload carrier Yellow sees volumes inflect positively.
Forward Air said Tuesday that low-teens tonnage declines over the past few months have calmed in early March.
ArcBest’s first-quarter update bucks the less-than-truckload industry trend as tonnage increases and yields moderate.
Less-than-truckload carrier Saia reported January and February tonnage declines that were in line with fourth-quarter declines when adjusting for weather.
Less-than-truckload carrier Yellow reported another large decline in volume leading to a fourth-quarter loss.
XPO’s growth strategy includes a wider net for capturing volume, but the less-than-truckload carrier is adamant it will remain price disciplined.
XPO takes share in the fourth quarter, posting adjusted earnings ahead of consensus.
Amid falling tonnage throughout the less-than-truckload complex, Old Dominion posts another large earnings beat.
Yellow is seeing large tonnage declines continue as the fourth quarter advances.
Asset-light less-than-truckload provider Forward Air sees tonnage fall off sharply in November.
Less-than-truckload tonnage declined at an accelerated pace through November.
The deceleration in less-than-truckload tonnage during the fourth quarter is worse than analysts expected.
Less-than-truckload demand has taken another step lower, according to carriers attending the Stephens investor conference.
Less-than-truckload carrier Yellow Corp. navigates second year of volume declines amid network overhaul.
ArcBest beats expectations in a noisy third quarter. Tonnage declines and cost inflation during the fourth quarter will put the model to the test.
Less-than-truckload carrier Saia slightly missed third-quarter expectations and noted volumes softened as the quarter progressed.
Forward Air highlights several growth opportunities that will push results higher again in 2023 even if the economy slows further.
Old Dominion said Wednesday that it’s likely more than half way through this volume downturn.
Less-than-truckload carrier Yellow Corp. sees tonnage fall by mid-teen percentages in the first two months of the third quarter as it implements the first phase of its restructuring.
More signs of slowing in the less-than-truckload industry appeared Thursday when ArcBest provided a third-quarter update.
Third-quarter updates from less-than-truckload carriers highlight a freight market that continues to slow.
The high-flying darlings of 2021, less-than-truckload stocks are finding their way back to earth quickly this year.
Yellow Corp. executives told analysts that the company’s plan to close and consolidate terminals won’t reduce capacity in its network.
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.
Forward Air beat first-quarter expectations and pulled forward 2023 financial targets by a full year.
Less-than-truckload carrier Old Dominion beat first-quarter expectations Wednesday. The company moved one step closer to doing “something that they said couldn’t be done.”
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.
ArcBest reported Friday that the favorable revenue trends logged in the fourth quarter have continued through the first two months of the first quarter.
First-quarter updates from Old Dominion and Saia show LTL carriers are off to another strong start.
Forward Air head Tom Schmitt was bullish about the company’s prospects on a call with analysts Thursday. Forward is already on track to achieve recently issued 2023 targets ahead of schedule.
Less-than-truckload carrier Yellow Corp. reported better-than-expected adjusted fourth-quarter results Wednesday after the market closed.
Less-than-truckload carrier Yellow Corp reports the weakest revenue trends out of the public carriers providing fourth-quarter updates.
Forward Air’s initiative to upgrade its freight mix to a heavier class of premium cargo was evident in November results.
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.
Less-than-truckload carriers report strong October results. But one analyst questions if the stocks have run too far ahead of results.
Old Dominion expects the costs of growing at such a fast pace will linger for a while. The company beat third-quarter estimates and doubled down on its share-taking strategy.
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.
ArcBest said Wednesday an August tonnage decline in its asset-based segment was done intentionally so that it could better service its core less-than-truckload customers.
Less-than-truckload carrier Old Dominion reported strong operating trends for the first two months of the third quarter. The carrier said it will continue to reinvest in its network to achieve further market share wins.
Less-than-truckload carrier Saia sees tonnage gains carry into the third quarter.
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.
Less-than-truckload carriers ArcBest and Saia report continued strength in demand through the first two months of the second quarter.
Less-than-truckload carrier Yellow Corp. reported a sizable first-quarter loss Wednesday as weather, increased purchased transportation expense and a lack of gains on real estate sales weighed on the period.
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.
Forward Air provided some clarity on longer-term margin expectations during a Friday conference call with analysts. The company beat first-quarter expectations and its new guidance came in much better than expected.
Less-than-truckload carrier Saia reported first-quarter earnings ahead of expectations and guided for second-quarter results to outpace normal seasonality.
Less-than-truckload carrier Saia reports a big year-over-year increase in earnings during the first quarter even as weather negatively impacted one-third of its network.
Old Dominion Freight Line set a first-quarter record even with adverse weather conditions. The second quarter is shaping up to produce a new all-time company record.
Old Dominion Freight Line announced its best first-quarter result in company history on Thursday. Improved density and yields led to a 76.1% operating ratio, 530 basis points better year-over-year.
Less-than-truckload carrier Saia announces the addition of its 20th facility in the Northeast in just the last four years. The LTL market continues to garner incremental investment dollars as demand rises.
While the less-than-truckload market is experiencing a boom, it’s not without growing pains, according to Recon Logistics’ pricing and analytics expert Curtis Garrett.
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.
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.
Amid heightened scrutiny over the direction of the company, Forward Air’s management team defends its current strategy. Fourth-quarter results were negatively impacted by a December cyberattack.
Less-than-truckload carrier Saia laid out expansion plans on its fourth-quarter earnings call. The carrier believes door count growth can exceed recent expansion efforts.
