Less than Truckload (LTL)

Saia’s shares are getting punished as the company’s ambitious growth efforts have been derailed by a trade war.

Less-than-truckload carrier Saia’s first quarter was much worse than analysts feared.

Despite numbers that continue to sink, TFI CEO Alain Bedard was mostly positive about the outlook for TForce.

Knight-Swift Transportation said some customers are delaying decision making and others are drawing down inventories as the market awaits some resolution on U.S. trade policy.

TFI’s earnings release late Wednesday didn’t have much good news for its U.S. LTL operations.

Knight-Swift Transportation lowered its second-quarter outlook and didn’t provide third-quarter guidance due to a “fluid trade policy,” which is weighing on customer decision making.

Old Dominion Freight Line is only modestly altering near-term plans as it looks to take market share during the next less-than-truckload upswing.

Old Dominion Freight Line beat first-quarter expectations on Wednesday but lowered its capex budget as demand weakness lingers.

Forward Air on Monday updated its first-quarter expectations for a second time.

Amazon has announced an inbound-only less-than-truckload service providing vendors that can’t fill a full trailer with a cheaper option to ship freight to its distribution centers.

Forward Air said Wednesday that 10% to 15% of last year’s revenue would have been impacted by the new tariffs.

The TD Cowen/AFS Freight Index showed recent trends in truckload and less-than-truckload pricing will continue for another quarter.

Less-than-truckload stocks bore the brunt of Liberation Day tariffs, falling 18% on average following the announcement and adding to an already down year.

Less-than-truckload carrier Saia has restructured its customer service function and will now have local terminals rather than remote representatives handle the inbound.

Turvo said Thursday that SMC3’s less-than-truckload freight management tools can now be accessed through its TMS.

Details around final distributions to Yellow Corp.’s creditors are out, but the company’s largest shareholder may not be on board.

FedEx is working on several fronts to shore up its less-than-truckload business ahead of a 2026 spinoff.

Defunct Yellow Corp. liquidates another property as creditors await a final bankruptcy plan.

Less-than-truckload carrier Roadrunner said it has added 278 direct metro-to-metro routes.

Yellow’s final bankruptcy plan didn’t garner the needed support and will now be countered by a competing plan from the estate’s unsecured creditors.

Knight-Swift Transportation has added former Saia Chief Financial Officer Doug Col to its board.

ArcBest said it added more truckload freight in February to stem the volume declines at its less-than-truckload business.

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.

The Teamsters union told members it is appealing a bankruptcy court’s decision finding Yellow Corp. not liable for failing to provide proper notification ahead of mass layoffs.

A. Duie Pyle plans an expansion into Ohio with multiple new service centers.

Less-than-truckload carrier XPO’s February tonnage decline isn’t as bad as the headline result suggests.

The Delaware Chancery Court dealt a short-term setback to project44 in its case against MyCarrier, but the longer-term impact is uncertain.

Less-than-truckload carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.

A federal bankruptcy court has been asked to approve settlement agreements between Yellow Corp. and two groups of former employees who were given shortened layoff notifications.

A federal bankruptcy court in Delaware sided with Yellow’s rationale for shortening the layoff notification period to union employees.

Forward Air has largely finished the integration of Omni Logistics and now needs a much-improved demand environment to return margins to former levels and pay down debt.

J.P. Morgan analyst Brian Ossenbeck warned in a research note that Amazon’s entry as a for-hire competitor poses a substantial risk to LTL stocks.

The fourth quarter was a “disaster” at TFI International, and its CEO gave an update on how the Daseke acquisition is doing.

Pitt Ohio hosted a Thursday call to help shippers prepare for changes to the less-than-truckload freight classification system.

Less-than-truckload carrier ABF Freight has entered agreements to acquire two of bankrupt Yellow Corp.’s terminals for $11.5 million.

The fourth-quarter earnings report of TFI International had bad news for investors.

An entity with ties to shuttered car hauler Jack Cooper has acquired and relaunched regional less-than-truckload carrier Standard Forwarding.

Driver recruiting specialist Tenstreet announced Monday it has acquired driver visibility and communications platform TextLocate.

Court filings show three less-than-truckload carriers are seeking approval to acquire $15 million of bankrupt Yellow Corp.’s real estate.

ArcBest announced Monday it is piloting a forklift that also acts as a freight dimensioner.

Shares of less-than-truckload carrier XPO were up 9% in midday trading on Thursday following a fifth consecutive quarter of year-over-year margin improvement.

Less-than-truckload carrier XPO beat fourth-quarter earnings expectations Thursday before the market opened.

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.

Less-than-truckload carrier Saia is looking for opportunities to raise pricing across its larger network to levels commensurate with the rest of the market.

Less-than-truckload carrier Saia reported better-than-expected fourth-quarter results on Monday.

ArcBest’s fourth-quarter results were ahead of analysts’ expectations but reflect a sluggish demand environment.

Saia is turning to NASCAR as a new marketing platform, sponsoring a car from the Joe Gibbs Racing team.

ArcBest beat fourth-quarter expectations Friday but noted that continued industrial weakness is weighing on its results.

The project44 vs. My Carrier dispute over eBOL technology has reached a Delaware court, with both sides asking for injunctions.

Knight-Swift Transportation wants to see more proof the truckload market has turned before it raises its outlook.

Two purchase agreements for four of Yellow’s terminals were submitted to a federal bankruptcy court as a broader bid deadline nears.

Bankrupt Yellow Corp. has settled claims with two groups of employees who claim they were not properly notified ahead of mass layoffs in 2023.

Less-than-truckload carrier Pitt Ohio said it will offer direct service from Cincinnati to six cross-border locations in Texas.

An entity owned by the family that owns car hauler Jack Cooper has acquired Standard Forwarding.

ArcBest announced changes to its leadership team on Thursday.

The less-than-truckload industry needs an uptick in demand to maintain favorable pricing fundamentals.

Less-than-truckload carrier Roadrunner will implement a 6.9% general rate increase on Wednesday.

A St. Louis trucking company and its equipment leasing affiliate recently filed for Chapter 11 bankruptcy, citing the “challenges of the freight market” as one of the main reasons they are seeking to reorganize.

BlueGrace Logistics has acquired FreightCenter, which significantly expands its less-than-truckload offering.

Kuebix is being relaunched as a TMS by FreightWise in a recent deal with less-than-truckload carrier Estes.

Forward Air announced Monday its board of directors has embarked on a review of strategic alternatives.

A ruptured deal between project44 and MyCarrier now has spawned a p44 lawsuit against SMC3.

Trucking M&A was off again in 2024, but the year saw some notable transactions and provided insight on a couple of major spinoffs on the horizon.

Big changes are coming in 2025 to the way less-than-truckload freight is classified.

Chris Jamroz doesn’t mince words about what he found at Roadrunner, but a new ownership structure launches its next phase

A Thursday opinion from a federal bankruptcy judge said Yellow didn’t provide proper notification ahead of layoffs but its actions were in good faith, meaning the claims may be reduced.

A spinoff of FedEx Freight will give investors more options to play the less-than-truckload space.

FedEx’s decision to spin off its LTL unit marks the end of an era that began nearly 30 years ago when major parcel carriers sought to provide comprehensive transportation solutions for their customers.

FedEx said Thursday it will move forward with the separation of its less-than-truckload and legacy package delivery businesses.

A federal bankruptcy court has approved two sales totaling $192.5 million for 12 of Yellow Corp.’s terminals.

Less-than-truckload carrier Pitt Ohio has acquired Midwest carrier Sutton Transport.

Less-than-truckload carriers Estes and R+L Carriers have made offers to acquire $192.5 million in real estate from bankrupt Yellow Corp.

Forward Air announced after the market closed Friday the termination “without cause” of its president and chief operating officer.

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.

Industrial data remains under pressure ahead of intraquarter updates from less-than-truckload carriers.

The Teamsters new labor deal with Standard Forwarding likely clears the path for a Jack Cooper acquisition.

UPS is paying a steep fine to the SEC for how it valued UPS Freight before it was sold to TFI.

A majority stake in less-than-truckload carrier Roadrunner has changed hands from an activist investor to an investment group led by the company’s CEO.

Less-than-truckload carriers continue to take general rate increases even as the overall demand picture remains murky.

A federal bankruptcy court has denied a request to reconsider its ruling on withdrawal liability claims against Yellow Corp.

Keith Wilson, the owner and CEO of Portland, Oregon’s, Titan Freight, has won a surprise victory as that city’s mayor.

Forward Air continues to refresh its leadership team, hiring a new chief commercial officer on Wednesday.

Forward Air lowered full-year earnings guidance on Monday and said it wouldn’t address press reports that it is up for sale following a messy merger.

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.

XPO beats third-quarter expectations, reporting 200 basis points of margin improvement in its less-than-truckload unit.

Moran Transportation announced it has acquired fellow less-than-truckload transportation provider RMX Freight Systems.

A federal bankruptcy judge overseeing Yellow Corp.’s liquidation has corrected a mistake in an earlier opinion, which could significantly alter how much Yellow owes to pension funds.

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.

Knight-Swift Transportation beat the third-quarter consensus estimate but provided a mixed earnings outlook for the next two quarters.

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.

TFI CEO Bedard said on an analyst call that he wasn’t sorry the company bought UPS Freight, but he was plainspoken about its issues.

Canadian transport and logistics company TFI International’s third-quarter earnings missed consensus forecasts by 18 cents per share.

Less-than-truckload carrier Saia said it will open three terminals in October, pushing its new terminal count to more than 20 this year.

Yellow’s Chapter 11 plan before a federal bankruptcy court includes up to $100 million in payments to employees holding paid-time-off and commission claims.