XPO, Old Dominion waiting for market turn
XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.
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.
Less-than-truckload carriers continue to take general rate increases even as the overall demand picture remains murky.
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.
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.
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 XPO says robust yield improvement is still on the horizon even after it laps easy post-Yellow repricing comparisons.
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.
ArcBest missed first-quarter expectations on Tuesday.
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.
XPO’s fourth quarter exceeded expectations, and the company provided robust pricing guidance for 2024.
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.
Third-quarter earnings reports show how Yellow Corp.’s market share was redistributed across the less-than-truckload industry.
Less-than-truckload carrier Saia will implement a 7.5% general rate increase in early December.
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 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.
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.
Old Dominion said Wednesday that volumes have stagnated and some of its customers are pushing back on pricing.
Truckload rates will continue falling at a steep rate in the second quarter while less-than-truckload rates level, a report from a large 3PL asserts.
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 Old Dominion sees volumes drop again in February but notes the worst of it may be behind them.
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.
ArcBest’s fourth-quarter was worse than expected as the carrier manages through the downside of the less-than-truckload cycle.
Amid falling tonnage throughout the less-than-truckload complex, Old Dominion posts another large earnings beat.
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 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.
Less-than-truckload provider Forward Air continues to register notable revenue growth more than one year into freight swap.
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.
ArcBest reported better-than-expected results again during the second quarter.
Forward Air raised its earnings expectations again. Management believes it has the ability to generate higher results even in a recession.
Less-than-truckload carrier Saia reports record results for the second quarter and said it has no plans of slowing its growth initiatives.
Old Dominion Freight Line’s 69.5% operating ratio during the second quarter was not only a company best but a best-ever result for a public carrier.
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.”
AskWaves looks at dynamic pricing and how it fits into an increasingly automated LTL complex.
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 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.
ArcBest on Tuesday reported fourth-quarter results, which once again outpaced analysts’ expectations.
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.
AskWaves looks at the impact general rate increases have on less-than-truckload rates.
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.
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.
Yellow Corp. rode a hot freight market and an internal overhaul to positive net income for the first time in several quarters.
ArcBest posted record quarterly results for the third time this year on Tuesday. Each of its segments reported double-digit top-line growth.
ArcBest’s acquisition of truckload broker MoLo Solutions accompanies an announcement of strong third-quarter results for its LTL segment.
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.
As freight markets enter the second year of peaklike conditions, FreightWaves caught up with Amit Mehrotra, Deutsche Bank’s transportation analyst, to talk about how this freight cycle will play out.
High barriers are a deterrent to starting a less-than-truckload operation. Knight-Swift’s recent acquisition sheds some light on the value in owning assets in the space.
High demand and tight capacity have less-than-truckload carriers testing years of investments that are designed to handle this type of environment. Many of FedEx Freight’s service woes were captured in the data leading up its cancellation announcement.
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.