Less than Truckload (LTL)

Yellow Corp. has asked a federal bankruptcy court in Delaware to approve the sale of four terminals valued at $6.85 million.

Less-than-truckload rates are expected to log a new high in the third quarter, according to TD Cowen and AFS Logistics.

Carrier Logistics, Inc. announced that its freight management system now supports the automatic population of data entry fields from a bill of lading.

A filing with a federal bankruptcy court in Delaware shows Yellow Corp. will liquidate four terminals for $4 million.

LTL carrier XPO had its debt rating cut by S&P..

A federal bankruptcy court has approved the sale of additional Saia terminals.

FedEx has named more executives to lead the divestment of the Freight subsidiary and run it as an independent company.

Forward Air announced the departure of three board members following a push from activist investor Ancora Holdings Group.

Easy comps and dynamic pricing have ArcBest back in growth mode, but yields are now lagging.

Less-than-truckload carrier Saia reported a decline in tonnage for the first time since Yellow Corp. closed.

Less-than-truckload carrier XPO saw a volume decline in May that was in line with its previous guidance.

Yellow Corp. has asked a federal bankruptcy court to approve four terminal sale agreements totaling $6.8 million.

Activist investor Ancora said an independent proxy adviser is backing its plea to Forward Air shareholders to vote against three legacy directors who served during the ill-conceived Omni Logistics acquisition.

Less-than-truckload carrier Averitt announced it has inked a partnership with Western carrier Best Overnite Express.

Activist investor Ancora is doubling down on efforts at Forward Air to shake up the board and force the company to sell.

Less-than-truckload carrier Pitt Ohio has opened a terminal near the Port of Norfolk.

FedEx Corp. has announced the new leaders for less-than-truckload carrier FedEx Freight following a 2026 spinoff.

Forward Air’s first-quarter update provides investors with little insight into an ongoing strategic review of the company.

Activist investor Ancora Holdings Group is asking Forward Air’s shareholders to vote against three board members at the upcoming annual meeting.

Returning bidder Saia headlines a list of mostly newcomers vying for Yellow’s terminals.

Forward Air is seeking shareholder approval to reincorporate in Delaware, where it may be easier to sell the company or seek other strategic alternatives.

Less-than-truckload carrier XPO reiterated its outlook for margin improvement in 2025 even if the economy doesn’t cooperate.

Less-than-truckload carrier XPO is one of the few transportation companies to report better-than-expected results for the first quarter.

ArcBest said it’s still seeing a rational less-than-truckload pricing environment and expects a normal seasonal uptick in demand during the second quarter.

ArcBest reported a miss for the first quarter as it balances keeping its network full with finding decently margined freight.

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.