Less than Truckload (LTL)

Less-than-truckload carrier XPO will open the bulk of the terminal portfolio it acquired from defunct Yellow Corp. this year.

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.

RXO looked to various metrics to push a message that things are getting better at the 3PL.

ArcBest saw big first-quarter tonnage declines as it continued to swap transactional business for contract freight.

ArcBest missed first-quarter expectations on Tuesday.

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.

Knight-Swift Transportation said Wednesday it will cut costs and focus the bulk of its investments away from truckload-related offerings in the near-term.

An in-line earnings report and tepid guidance from Old Dominion sent shares of less-than-truckload carriers lower Wednesday.

Forward Air has named Ceva’s Shawn Stewart as its new CEO.

Less-than-truckload carrier Estes plans to add nearly 1,000 doors in 2024 as it brings former Yellow sites online.

The outcome of nearly 25,000 claims by employees that Yellow Corp. gave inadequate notice before mass layoffs may not be resolved this year.

Less-than-truckload carrier XPO said it has opened three of the 28 terminals it acquired from defunct Yellow Corp.

Teamsters members at Dependable Highway Express in Southern California have ended the union’s representation at the carrier.

Less-than-truckload carrier Saia has opened two terminals as part of a plan to open up to 20 this year.

Daseke, known primarily for its flatbed operations, is now part of TFI International.

OGRE’s successful conversion of Brokerage and Transportation Sales to its technology and services platform increases logistics accuracy, speed and customer satisfaction.

A Delaware bankruptcy court overseeing Yellow’s liquidation said Wednesday it will hear the case regarding nearly $8 billion in pension withdrawal liability claims against the estate.

Yellow’s breach-of-contract suit against the Teamsters union has been dismissed by a federal court in Kansas.

FedEx said strong cost controls drove its fiscal third-quarter results; its shares soared in late trading.

ArcBest announced a partnership with Nvidia in which it is swapping out 3D lidar sensors for an AI-based technology.

Yellow filed an objection to numerous WARN Act claims in a Delaware bankruptcy court on Tuesday, saying its shutdown was sudden and it fought until the end to save the company.

TFI International has acquired less-than-truckload carrier Hercules Forwarding, which generates over $100 million in revenue each year.

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.

Less-than-truckload carrier Saia said daily shipments were up 19% in February Monday after the market closed.

Analysts didn’t get the level of detail they were hoping for Thursday during Forward Air’s first quarterly call since its messy merger with Omni Logistics.

Forward Air’s fourth-quarter results sent shares lower in after-hours trading on Wednesday as investors hope a Thursday call will provide financial targets following a controversial merger.

A Delaware bankruptcy court will decide on March 6 if it will hear pension withdrawal liability litigation against Yellow Corp.

ArcBest announced Tuesday it can now provide autonomous and remote-controlled forklift technology.

As many as 14,000 former Yellow Teamsters could head back to work if a would-be less-than-truckload startup can persuade creditors to approve their plan.

TFI International’s EPS in 2024 will be at least $7 a share, CEO Alain Bédard says

XPO’s fourth quarter exceeded expectations, and the company provided robust pricing guidance for 2024.

Thomas Schmitt, the Forward Air CEO who put together the deal with Omni Logistics trashed by investors, is leaving the company. 

Less-than-truckload carrier XPO reported a better-than-expected close to 2023.

Yellow Corp. said it has paid a total of $851 million to the U.S. Treasury as repayment for a 2020 CARES Act loan.

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.

Forward Air provided an update on January trends but made no mention of December numbers or who is currently in charge of recently acquired Omni Logistics.

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.

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 provider Roadrunner announced the addition of 135 new lanes as well as service to parts of Canada.

J.J. Schickel, CEO of Omni Logistics, will not be in an executive role at the combined Forward Air-Omni company.

Forward Air announced Thursday that it has closed on a merger with Omni Logistics following months of litigation.

Knight-Swift Transportation reported a big fourth-quarter miss on Thursday, but management has hopes normal seasonality will return by spring.

Forward Air announced Monday that its deal with Omni Logistics will close at a slightly reduced amount.

C.H. Robinson said 10 of the top less-than-truckload carriers on its platform are now using electronic bills of lading.

The January State of Freight webinar from FreightWaves looked at low temperatures and signs of a warming market.

A Delaware court will determine if Forward Air is required to close on a merger with Omni Logistics, or if Omni breached the deal agreement as alleged.

Yellow’s estate is roughly halfway through the liquidation of more than 300 terminals, a court order showed Friday.

The Teamsters had a good few months at the end of 2023 in their organizing efforts, racking up several victories.

The New Year could see potential rate increases due to several factors. Here are some strategies you need to keep in mind.

New CEO must reverse long-term stagnation in shareholder value.

Morgan Stanley told investors on Monday that a rebound in freight demand may happen sooner than many are expecting as inventories need to be rebuilt.

Less-than-truckload carrier Pitt Ohio announced the expansion of its New England service on Monday.

C.H. Robinson’s newly created office to support its strategic initiatives is a key step in CEO Dave Bozeman’s plan to revive the struggling brokerage giant.

Echo’s Frank Hurst spoke with FreightWaves about how the recent Roadtex acquisition has changed reefer LTL.

XPO’s Anthony Hoereth discussed the company’s strategic plan and investments that are driving a historic surge in LTL service levels.

Counsel for Omni Logistics claims Forward Air’s CEO withheld requested notes from board meetings discussing plans to avoid a merger between the companies.

Labor peace was won at what will be higher costs for shippers and carriers.

A Delaware bankruptcy court filing on Wednesday showed the results from a second auction of Yellow’s service centers.

FedEx’s color-coded air network is designed to bolster FedEx Express’ margins amid continued macro weakness and other headwinds.

Despite posting operating and net income gains in its fiscal 2024 second quarter, FedEx cut its full-year revenue forecast.

PLP Logistics is attempting to expand the use of dimensioners among shippers.

XPO said Tuesday it’s excited about a “once-in-a-generation” terminal acquisition that will facilitate the next decade of growth.

A Delaware bankruptcy court approves the first round of Yellow’s terminal sales.

Forward Air announced a 5.9% general rate increase for 2024 that is near the middle of the range of recent carrier announcements.

XPO founder turns away from logistics to “highly fragmented” industry.

Yellow Corp. has reportedly rejected a bid that would resurrect the company from bankruptcy.

Forward Air reports positive tonnage trends for the first two months of the fourth quarter.

Less-than-truckload carrier Old Dominion Freight Line reports muted volume trends for November.

ArcBest said tonnage declines in November were tied to efforts to unwind dynamic pricing initiatives.

Less-than-truckload carrier XPO reported higher shipments in November one day after it was announced to have the largest winning bid at Yellow’s terminal auction.

A Delaware bankruptcy court filing shows several prominent less-than-truckload carriers hold $1.9 billion in winning bids for 130 of Yellow’s terminals.

Saia’s fourth-quarter update shows it is retaining the freight it onboarded as a result of Yellow’s collapse.

A filing in a Delaware bankruptcy court said the auction for Yellow’s terminals is ongoing and that winning bids may not be revealed until Tuesday.

A recent exchange of filings in a Delaware court shows Forward Air and Omni Logistics are at odds over Omni’s 2023 financial forecasts, among other things.

An open letter from activist investor Ancora says the firm has come under attack following its public disapproval of Forward’s merger proposal with Omni Logistics.

Two leading execs at Estes Express, including an Estes family member, have presented a recap of the hack that took the LTL carrier mostly offline.

AIT becomes an alternative to incumbents for middle-mile LTL share.

Forward Air provided long-term financial targets on Tuesday and said the outcome of its bid for Omni Logistics may not be decided until next year.

Old Dominion Freight Line was the latest less-than-truckload carrier to announce an early general rate increase for the new year.

Forward Air has filed a counterclaim against Omni Logistics and wants a Delaware court to rule it’s not obligated to move forward with the merger.

Werner Enterprises reported a worse-than-expected result for the third quarter as margins in both its trucking and logistics segments deteriorated from the second quarter.

Omni Logistics is asking a Delaware court to make Forward Air close on a planned merger between the two companies.

Forward Air will primarily focus on less-than-truckload opportunities moving forward as it tries to exit a burdensome merger agreement.

Forward Air said it would accelerate a strategic review of its assets after missing third-quarter consensus and providing a weaker-than-expected fourth-quarter outlook.

Third-quarter earnings reports show how Yellow Corp.’s market share was redistributed across the less-than-truckload industry.

XPO said Monday it plans to increase capital spending to respond to a tightening capacity dynamic following Yellow’s closure.

Car hauler Jack Cooper Transport has been rumored to be behind a bid for Yellow Corp. just four years removed from its own bankruptcy.

XPO reported a third-quarter-earnings beat on Monday as fallout from a competitor’s closure overshadowed a soft macroeconomic environment.

ArcBest’s less-than-truckload operation saw a meaningful step up in profitability in the third quarter as it remains selective on market share opportunities.

A bankruptcy judge said Friday that Yellow Corp. can move forward with a plan to use liquidators to dispose of rolling stock.

Saia posted across-the-board gains but its operating ratio worsened as it absorbed higher-than-expected costs.

ArcBest reports a third-quarter earnings beat when adjusting for several one-off items.

Forward Air may decide to terminate its merger agreement with Omni Logistics even though a Tennessee court said it won’t stand in its way.

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.