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.
LTL executives highlight shippers moving spillover LTL freight to full truckload amid market weakness and low rates.
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 sees volumes drop again in February but notes the worst of it may be behind them.
Amid falling tonnage throughout the less-than-truckload complex, Old Dominion posts another large earnings beat.
Less-than-truckload carrier Old Dominion moved forward with a long-term succession plan Tuesday, announcing that its chief operating officer will replace its CEO in July.
El director de operaciones Marty Freeman sucederá a Greg Gantt
Old Dominion said Wednesday that it’s likely more than half way through this volume downturn.
A highly regarded survey of less-than-truckload shippers showed Peninsula Truck Lines was the top overall provider based on value and loyalty.
More signs of slowing in the less-than-truckload industry appeared Thursday when ArcBest provided a third-quarter update.
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.
Old Dominion Freight Line reported a continuation in positive revenue, pricing and tonnage trends during May.
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.”
Old Dominion said Tuesday it has already added capacity at seven locations in its network. The recent expansions trend ahead of its 2022 guidance, which called for growth at eight to 10 terminals.
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.
El descenso del 27% se agrava respecto a enero; otros transportistas registran ganancias
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.
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.
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.
Electronic bill of lading capabilities in less-than-truckload shipping are growing in favor, according to shipping management platform MyCarrier.
Less-than-truckload carriers report strong October results. But one analyst questions if the stocks have run too far ahead of results.
Carriers have held back on physical plant investments. Now with volumes and profits escalating, CapEx levers may start to be pulled.
The key profitability metric comes in 550 basis points below the company’s 2020 results.
Knight-Swift’s acquisition highlights the LTL industry’s sweet spot in the e-commerce supply chain, says a noted consultant.
Kevin Hill and Michael Vincent look at recent earnings reports and hear how the grain season is going for American exporters.
LTL and parcel networks slowly restore service with the hurricane way to the north.
Carriers take no chances, shutting down stations as Laura does her business.
The second quarter could finish with a bang for trucking stocks.
Persistent industrial weakness sends Old Dominion’s fourth-quarter results down
Saia, Old Dominion fourth quarter updates show that one may be gaining at the expense of the other
Old Dominion posts first year-on-year revenue drop in 3 years as macro weakness hits home
Less-than-truckload volumes to continue to be pressured by weak September ISM report
Old Dominion, ArcBest report sluggish monthly
A long-term strategy to maintain pricing discipline has propelled the once-damaged LTL sector to one of its best decades ever.
Company’s best-in-class model will be tested as LTL conditions remain soft
Old Dominion posts record q2 results as cost management offsets weak demand
CEO Gantt lowered capex guidance by $10 million to $480 million, likely reflecting top line headwinds, but we’re waiting to hear updated revenue guidance in the conference call.
Old Dominion’s operating ratio (OR) improved 520 basis points in the fourth quarter, moving from 83.9 percent to 78.7 percent year-over-year. This is the third quarter in a row the company has posted an OR under 80 percent.
We look at Old Dominion’s latest operating metrics update.
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.
OD’s top line revenue grew 21.2% year over year to $1.06B and earnings per share swelled 71% to $2.12. Even more impressively, Old Dominion achieved a 78.4% operating ratio, a company (and possibly industry) record and 280 bps improvement over Q3 2017.
The usual signs of an upturn in the trucking sector aren’t there, according to the Wall Street house, and Morgan wonders if a lot of the demand got pushed forward.
The Dow Jones Industrial Average plummeted today, posting its biggest loss since May 29; meanwhile the S&P 500 is on a losing streak that hasn’t been matched in upwards of 2 years.
In today’s pickup: is there too much focus on OR? Also, Old Dominion had a solid July, and there’s a proposal for a new interstate highway.
It’s the first time LTL carrier Old Dominion has ever posted an OR under 80, even as it added more than 900 new employees.
With transport stocks surging, some market watchers are hopeful that the current expansion period will continue despite downturns in the broader market earlier this year.
Even with a higher cost burden, it still managed an improvement in its operating ratio.
Tax reform lifts earnings projections for two, but Old Dominion gets praise for operations
