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.
Less-than-truckload carrier Saia said it will open three terminals in October, pushing its new terminal count to more than 20 this year.
Daylight Transport and Old Dominion Freight Line garnered the top rankings in consulting and research firm Mastio’s 2024 survey of shippers.
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.
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.
Less-than-truckload carrier Saia is adding six locations acquired from Yellow Corp. in Montana, South Dakota and Wyoming in August.
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.
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.
Less-than-truckload carrier Saia continues to open terminals acquired from bankrupt Yellow Corp.
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 Saia has tapped Matthew Batteh, vice president of finance, as its new chief financial officer.
LTL executives highlight shippers moving spillover LTL freight to full truckload amid market weakness and low rates.
TFI CEO Alain Bedard thinks the company’s U.S. LTL operations are booking too much light freight.
Saia and other less-than-truckload stocks sink for a second time in a week as quarterly reports disappoint.
Five auto haulers are combining to launch an initial public offering on the Nasdaq.
Less-than-truckload carrier Estes plans to add nearly 1,000 doors in 2024 as it brings former Yellow sites online.
Less-than-truckload carrier Saia has opened two terminals as part of a plan to open up to 20 this year.
Saia is partnering with one of Mexico’s largest carriers, Fletes Mexico, to provide cross-border less-than-truckload services.
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.
ArcBest continued to swap out spot freight for higher-margin shipments from core accounts during the fourth quarter.
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.
A Delaware bankruptcy court filing on Wednesday showed the results from a second auction of Yellow’s service centers.
Saia’s fourth-quarter update shows it is retaining the freight it onboarded as a result of Yellow’s collapse.
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.
Saia posted across-the-board gains but its operating ratio worsened as it absorbed higher-than-expected costs.
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.
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 carrier Saia sees freight surge in the first two weeks of August.
On an earnings call with analysts, Saia’s CEO and CFO tried to address the pending collapse of Yellow without mentioning the company’s name.
Saia’s second-quarter earnings show a decline in volume but by a relatively small amount.
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 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.
Northeast LTL carrier A. Duie Pyle has been growing but is hewing primarily to its existing geographic base.
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.
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 Saia announced it has added more next-day lanes to its network.
Less-than-truckload carrier Saia implements a 6.5% general rate to offset cost inflation and advance network investment.
The deceleration in less-than-truckload tonnage during the fourth quarter is worse than analysts expected.
Less-than-truckload carrier Saia slightly missed third-quarter expectations and noted volumes softened as the quarter progressed.
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.
El transportador LTL añade 2 centros de servicio en Georgia
Less-than-truckload carrier Saia continues to grow its terminal map at an industry-leading pace.
Saia es la última en prohibir los envíos de armas de fuego montadas o desmontadas
A couple of less-than-truckload carriers reported positive demand trends for the first two months of the second quarter.
With first-quarter earnings pretty much all in the book, Todd Fowler of KeyBank discusses how trucking performed in a strong quarter.
El ratio operativo del 84,4% es un récord; las cifras de carga del segundo trimestre hasta ahora son fuertes
LTL trucker Saia set several first-quarter records in its earnings report, and it will add 10 to 15 new terminals this year.
Cowen analyst lowers earnings estimates for truckers as data showing a loosening market mounts.
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.
Less-than-truckload carrier A. Duie Pyle announced Tuesday that its Northeast and Mid-Atlantic footprint now stretches south to Virginia.
Have you ever wondered how much you could make as a truck driver? Or how much you could make driving for someone else?
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.
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.
The LTL carrier has ambitious plans for growing its footprint over the next two years.
Does a shorter interview and hiring process really help? Canadian truckers and protesters block the border, and Winter Storm Landon assaults the Midwest.
Less-than-truckload carrier Old Dominion raised its long-term margin target when it released better-than-expected fourth-quarter earnings Wednesday.
Saia’s operating ratio was up more than 500 basis points in Q4 2021 compared to the final quarter of 2020.
AskWaves looks at the impact general rate increases have on less-than-truckload rates.
Picking transport stocks in 2022 will not involve a blanket approach, according to Deutsche Bank. However, there are still several companies with significant upside potential.
Less-than-truckload carriers report strong October results. But one analyst questions if the stocks have run too far ahead of results.
Forecasting is great, till it isn’t, drivers are not at fault for West Coast port congestion, and Houston didn’t get the homecoming celebration it was hoping for in the World Series.
The LTL carrier plans on opening 10 to 15 terminals in 2022.
Also on the podcast: The investment drought in oil setting the table for higher prices
Wall Street investors liked what they saw in the company’s earnings, pushing the stock up by more than 8%.
Knight-Swift’s acquisition highlights the LTL industry’s sweet spot in the e-commerce supply chain, says a noted consultant.
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.
As first quarter earnings continue to be announced, FreightWaves takes a look at how truckload and LTL carriers stack up.
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.
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.
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.
Old Dominion Freight Line said Thursday it would add 800 drivers and more than 400 dockworkers and clerical personnel to meet “robust freight demand.”
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.
An open letter from activist investor Ancora Advisors says “ineffective capital allocation” and diversification into “margin- and return-dilutive service offerings” have led to inferior results for Forward Air compared to other less-than-truckload carriers.
In today’s edition of The Daily Dash, freight rates jumped 12% to end 2020, and Amazon wants to help truckers build their own businesses. Plus, Knight-Swift acquires a technology company.
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.
Less-than-truckload carrier Saia reported fourth-quarter results well ahead of expectations Monday. The company reported record operating results in a “most unique year.”
Past Forward Air CFO Andy Clarke outlines his outlook for improving returns at his former company. He represents an activist investor group, which includes turnaround investment firm Ancora Advisors and Forward’s founder.
Deutsche Bank’s December geofencing data suggests LTL volumes continued the positive trends seen in the first two months of the fourth quarter.
Former executives at Forward Air along with an activist investor have been acquiring shares since October in efforts to make changes to the management team, board and capital allocation strategy, which may include divesting “non-core assets.”
