Less than Truckload (LTL)

Less-than-truckload carrier TP Freight Lines failed to make payroll and has suspended operations, a memo from the Teamsters said.

XPO has had its debt rating upgraded by S&P Global Ratings.

BlueGrace Logistics announced it has acquired Idaho-based 3PL Truk TMS.

Forward Air reported its best quarterly performance since its early 2024 acquisition of Omni Logistics.

July’s manufacturing data showed strength not seen in the past four years, a trend that bodes well for less-than-truckload carriers.

Shares of less-than-truckload carrier Saia fell on Thursday as a weaker-than-expected third-quarter margin outlook overshadowed a second-quarter report that surpassed expectations.

Less-than-truckload carrier XPO is seeing the fruits from several initiatives focused on improving freight selection, raising yields and streamlining workflows.

Old Dominion is positive enough about the rest of the year that it will ramp up capital spending.

ArcBest’s second quarter highlighted improvements in operations across its business units.

Knight-Swift Transportation noted considerable acceleration in truckload fundamentals during the second quarter.

Forward Air announced Tuesday that it will keep at least half of an account representing 10% of its annual revenue.

Transportation and logistics provider ArcBest announced it is cutting 2% of its workforce and closing 10 less-than-truckload terminals.

Trucking rate indexes jumped during the second quarter and are expected to reach new highs in the third quarter.

Knight-Swift Transportation’s less-than-truckload unit, AAA Cooper, has opened four new locations in recent weeks.

Trucking analysts are raising estimates ahead of the second-quarter earnings season, which begins next week.

Less-than-truckload carrier Mountain Valley Express confirmed that is has ceased operations.

Manufacturing activity grew for a sixth straight month in June, providing another tailwind to an already supply-constrained trucking market.

A U.S. District Court ruled Monday that Yellow Corp. is not required to compensate Teamster employees for delayed layoff notices during its 2023 shutdown.

FedEx Freight expects profit margin to grow by more than 9% in the back half of the year, up more than a point from last year’s growth.

LTL carrier Saia has opened two new Midwest terminals, the third month in a row with openings.