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 carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.
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.
A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.
XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.
Less-than-truckload carriers continue to take general rate increases even as the overall demand picture remains murky.
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.
Daylight Transport and Old Dominion Freight Line garnered the top rankings in consulting and research firm Mastio’s 2024 survey of shippers.
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.
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.
Old Dominion’s volume metrics continue to lag peers, largely by design.
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.
This week in Borderlands: Nearshoring boom bringing more production closer to US; Mexican and US officials sign agreement to expand international bridge; Old Dominion receives approval for new terminal near Phoenix; and construction begins for 785,000-square-foot logistics park in Houston.
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 Old Dominion Freight Line reports muted volume trends for November.
Old Dominion Freight Line was the latest less-than-truckload carrier to announce an early general rate increase for the new year.
Third-quarter earnings reports show how Yellow Corp.’s market share was redistributed across the less-than-truckload industry.
Old Dominion sees a 6% uptick in shipments following Yellow’s closure but says the industry’s freight reshuffle hasn’t been permanently settled.
Old Dominion Freight Line reported better-than-expected third-quarter results as Yellow’s departure provided a tailwind.
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.
Equity research analysts are taking less-than-truckload earnings forecasts higher following the industry’s successful absorption of defunct Yellow’s freight.
Less-than-truckload carrier Estes’ latest stalking horse bid for Yellow’s terminals replaces an offer made by competitor Old Dominion.
Less-than-truckload carrier Old Dominion reported a large turnabout in operating trends during August.
A court filing shows that Old Dominion swooped in at the last minute, entering a base bid of $1.5 billion for now-defunct Yellow’s terminals.
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.
Outgoing Old Dominion CEO Greg Gantt made his final appearance at the UBS conference and looked back on the company’s road to the top of the heap.ODFL
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.
Saia’s revenue trends in April are much better than its less-than-truckload peers.
Old Dominion said Wednesday that volumes have stagnated and some of its customers are pushing back on pricing.
XPO fills vacant chief operating officer role with an Old Dominion veteran.
Less-than-truckload carrier XPO said it added 30-year industry veteran Wes Frye to its board as it pursues a six-year financial improvement plan.
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
Inside this edition: Regulations for customs brokers get a facelift; Laredo is the MVP; and Credit Suisse provides some new year ratings.
Less-than-truckload carriers are hopeful a recent round of general rate increases stick on the downside of the cycle.
Less-than-truckload tonnage declined at an accelerated pace through November.
The unit’s “space and pace” program will bypass the class-rates formula in favor of pricing based on dimensions and weight.
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.
Third-quarter updates from less-than-truckload carriers highlight a freight market that continues to slow.
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’s latest offering is designed to provide a single rate with no surprises.
Dock-to-driver programs can be a steppingstone for someone who can’t afford truck driving school.
Old Dominion Freight Line reported a continuation in positive revenue, pricing and tonnage trends during May.
With first-quarter earnings pretty much all in the book, Todd Fowler of KeyBank discusses how trucking performed in a strong quarter.
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.”
David Phalen, an airline pricing veteran, shifts to an industry with similar characteristics.
Venerable index gets shellacked as freight issues fall hard.
El índice pierde más de 771 puntos por los problemas del transporte de mercancías
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
The company will become a stand-alone LTL carrier in North America.
Los resultados impresionan incluso después de eliminar los
vientos de cola
First-quarter updates from Old Dominion and Saia show LTL carriers are off to another strong start.
Less-than-truckload carrier Old Dominion raised its long-term margin target when it released better-than-expected fourth-quarter earnings Wednesday.
Difficulty in getting land zoned for trucking is an impediment to terminal expansion, Gantt says.
The less-than-truckload service provider is using low-carbon diesel, efficiency improvements and electrification to reduce emissions.
XPO adds two terminals and 50 dock doors to its North American network.
AskWaves looks at the impact general rate increases have on less-than-truckload rates.
The venerable carrier’s shutdown underscores the risk in failing to properly manage costs.
FreightWaves’ Kevin Hill chats about changes in the ways less-than-truckload carriers do business since the onset of the pandemic with Old Dominion’s process and innovation leader Barry Craver.
Less-than-truckload carrier Yellow Corp reports the weakest revenue trends out of the public carriers providing fourth-quarter updates.
New vaccination requirements are coming for cross-border drivers, cargo thieves strike again and again, and Amazon takes on UPS and FedEx.
Less-than-truckload carrier Old Dominion said share-taking efforts led to revenue growth ahead of its peers during November.
A rule requiring vaccines for employees, or weekly testing for workers declining vaccination, at companies with staff of 100 or more gets emergency stay.
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.
Also on the podcast: The investment drought in oil setting the table for higher prices
Truckload carriers’ “spillover” freight ties up LTL capacity during unprecedented times, Old Dominion executives said.
A recent SEC filing shows the company has already raised $44.7 million from four investors.
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.
Hundreds of shippers, including ones that supply big-box retailers like Home Depot and Lowe’s, are scrambling for transportation after FedEx Freight (NYSE: FDX) on Monday abruptly stopped truck pickups at many locations to help overwhelmed terminals restore productivity levels. The snap decision to jettison thousands of customer sites from its network was an aggressive response […]
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 carrier Saia announced Tuesday it was hiring more than 500 drivers and 300 dockworkers.
As first quarter earnings continue to be announced, FreightWaves takes a look at how truckload and LTL carriers stack up.
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.
Electronic payments provider Relay Payments announces Old Dominion Freight Line is the latest carrier to join its platform.
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.
Two bullish equity research reports this week on transportation stocks both highlight expectations around consumer spending and what that means for freight demand.
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.
In today’s edition of The Daily Dash, Old Dominion is the latest LTL carrier to announce a rate increase. Plus, SONAR data shows a freight market moving sideways, and Forward Air reaffirms its direction in spite of activist shareholder pressure.
Most less-than-truckload carriers have implemented general rate increases for 2021. The average increase is in the mid-single digits, ahead of some increases issued in the past and likely indicative of a firm LTL market.
In today’s edition of The Daily Dash, an activist investor wants changes at Forward Air. Plus, a strong start to 2021 for LTL carriers; reshoring is coming into vogue; and recapping FreightWaves’ Health & Pharma Supply Chain virtual event.
