Less than Truckload (LTL)

Less-than-truckload rates maintain record levels despite softness across the manufacturing complex.

The truckload market took share for a second straight month in September, but overall freight fundamentals remain weak, according to a report from Cass Information Systems.

This week in Borderlands: A. Duie Pyle expands into cross-border LTL market; Mexico’s heavy-duty truck industry braces for slowdown and Maersk opens new Dallas-Fort Worth freight hub.

Old Dominion Freight Line was named as the top national carrier for a 16th straight year by Mastio & Co.

Morgan Stanley lowered earnings expectations for publicly traded truckload and less-than-truckload carriers on Monday.

FedEx Corp. has completed the formation of the leadership team for a standalone FedEx Freight.

ArcBest talks up numbers at its first investor day since 2015.

H5 transport, a North Dakota-based truckload and LTL carrier, has filed for bankruptcy protection under chapter 11 of the Federal Bankruptcy Code. It continues to operate, according to the court documents filed with the U.S. Bankruptcy Court for North Dakota. According to the company’s data available through the Federal Motor Carrier Safety Administration, H5 is […]

Less-than-truckload carrier Dayton Freight Lines announced it has doubled capacity at a terminal serving the Salem, Illinois market.

Moody’s held XPO’s debt rating steady but improved its outlook.

FedEx Freight’s spinoff is on track to be completed by June of next year.

The Cass Freight Index showed year-over-year shipment declines widened in August.

Yellow Corp. lost an appeal to circumvent the 2021 pension bailout regulations used to calculate its withdrawal liabilities.

Yellow Corp. has reached a deal to sell a Baltimore terminal, leaving only 11 locations remaining for sale.

ArcBest lowered third-quarter margin expectations for its asset-based unit, which includes less-than-truckload operations.

Less-than-truckload carrier Dayton Freight reaches further east with its latest terminal opening.

Less-than-truckload carrier Saia saw tonnage move back into negative territory in August as the manufacturing complex nears a third full year of contraction.

Old Dominion Freight Line reported Thursday that tonnage declines accelerated in August.

Less-than-truckload carrier XPO’s third-quarter update showed a notable moderation in tonnage declines during August.

Yellow’s equipment auctions conclude after nearly two years.

A second round of buyout bids for Forward Air are due next month, according to an M&A blog.

Yellow Corp. has asked a federal bankruptcy court to approve the sale of three terminals valued at $16 million.

Forward Air’s second quarter came in slightly ahead of analysts’ EBITDA expectations as investors await an update on a strategic review process that could result in the company changing hands.

Second quarter earnings at RXO showed the growing importance of LTL activity at the brokerage.

Less-than-truckload carrier XPO sees “a massive runway ahead” for its self-help initiatives even if the broader economy doesn’t cooperate.

Less-than-truckload carrier XPO continued a streak of earnings beats on Thursday, reporting revenue and net income ahead of consensus estimates.

Transportation and logistics provider ArcBest is relying on cost and efficiency initiatives to get through the downturn.

Less-than-truckload carrier Old Dominion Freight Line is sticking with its playbook as the freight downturn enters a fourth year.

An announced pay increase at Averitt might signal some acceleration in driver pay levels.

Old Dominion Freight Line reported a modest earnings miss for the second quarter on Wednesday as volume declines were only partially offset by higher yields.

ArcBest missed analysts’ expectations for the second quarter.

Key metrics are down at TFI but Bedard, in earnings call, touts higher margin.

Less-than-truckload carrier Saia reported better-than-expected results for the second quarter and outlined a path to improved margins.

Less-than-truckload carrier Saia saw a step in the right direction during the second quarter.

Roadrunner announced the addition of over 100 lanes to its long-haul, less-than-truckload network, designating Kansas City as a key hub.

Knight-Swift is controlling the controllable as it awaits a more meaningful market turn.

Knight-Swift Transportation modestly beats second-quarter expectations and provides an inline outlook for the third quarter.

Several private equity firms have submitted bids to acquire Forward Air, according to a Reuters report.

FedEx Freight said it is giving shippers more time to adjust to recent changes to the less-than-truckload classification system that is used to establish pricing.

Numerous changes to the way less-than-truckload freight is categorized take effect on Saturday.

ArcBest announced CEO Judy McReynolds will retire at the end of the year after a 15-year run at the helm.

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.