Less than Truckload (LTL)

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.

President and COO Webb Estes reviews restored functions, praises customers that stuck around.

Less-than-truckload carrier Saia will implement a 7.5% general rate increase in early December.

TFI’s overall third-quarter results reflect a weak macro environment.

Coming on the heels of the hack against LTL carrier Estes, an industry meeting maps out ways to battle cyberattacks.

The decision to prioritize technology in a business so reliant on people to cover loads and deal with exceptions is poignant in the wake of the past week’s events. 

Averitt Express received the highest overall ranking, with Old Dominion Freight Line voted top national less-than-truckload carrier in a value and loyalty survey.

Less-than-truckload carrier XPO Inc. (NYSE: XPO) says it has launched an over-the-road operation for team drivers. Only existing teams can currently qualify for the program, which has not been formally announced but was posted earlier this week on LinkedIn, said Greenwich, Connecticut-based XPO. It is believed to be the brainchild of Dave Bates, who joined […]

Activist investor Ancora said it will move to remove Forward Air’s board and CEO if a Tennessee court rules a shareholder vote on the Omi merger is warranted.

Tuesday filings before a Delaware bankruptcy court are asking for the use of professional auction houses in the disposition of Yellow’s trucks and trailers.

Roadrunner announced Tuesday a new service that waives 100% of the freight bill for shipments that don’t arrive on time.

A Tennessee court will take more time mulling over a complaint from shareholders claiming they have the right to vote on Forward Air’s merger with Omni Logistics.

A quarterly survey of shippers suggests the trucking market is still distanced from a material recovery.

Jeremy Daily, a cybersecurity expert and presenter at an upcoming conference on the issue, discusses the Estes hack in a Q&A.

Even as a Wall Street bank counts up the possible losses at Estes, the LTL carrier tells customers things are looking up.

Estes Express has opened up a web portal to communicate with customers amid a cyberattack on the LTL carrier.

Equity research analysts are taking less-than-truckload earnings forecasts higher following the industry’s successful absorption of defunct Yellow’s freight.

Brad Jacobs, who founded XPO and its spinoffs, didn’t provide any details on what his next venture is going to focus on.

Estes Express confirmed Tuesday that the LTL carrier has been the target of a cyberattack.

More than one-third of shippers and brokers polled said they were still searching for a permanent less-than-truckload provider following Yellow’s exit.

There’s been a major technology failure at Estes Express, but it’s unclear whether it is a cyberattack.

Forward Air’s planned merger with Omni Logistics hit a roadblock this week as a Tennessee court said it will decide next month if shareholders get a vote.

Soft economic conditions have prompted many companies to swap out previously devised growth strategies for more conservative “stay afloat” plans. This is not the case for XPO.

Two subsidiaries of trucking conglomerate TFI International have been sued by the EEOC over alleged discrimination against two gay employees who ultimately were fired.

Estes Express Lines was named the winning stalking horse bidder in Delaware bankruptcy court on Thursday.

FedEx’s fiscal first-quarter results give efficiency the nod over growth. (Photo: Jim Allen/FreightWaves)

The Teamsters union asked the U.S. Senate to look into Yellow’s bankruptcy proceedings as part of a broader review a judiciary committee is conducting on bankruptcy manipulation.

A U.S. bankruptcy judge approved several orders Friday, paving the way for Yellow to unload assets and repay creditors.

Two debt rating agencies, Fitch and S&P, rated Forward Air’s newly issued debt from its Omni deal and were mostly positive.

Less-than-truckload carrier Estes’ latest stalking horse bid for Yellow’s terminals replaces an offer made by competitor Old Dominion.

Forward Air’s August tonnage improved from July but likely came in lower than expected.

Less-than-truckload carrier Old Dominion reported a large turnabout in operating trends during August.

Forward Air defends its latest deal that will position it as a supplier and a competitor to its customers.

Less-than-truckload carrier XPO appears to have maintained the market share gains it acquired following Yellow’s closure in July.

A hedge fund with a stake in Yellow Corp.’s debt and equity is looking for more influence as the bankrupt company begins to unwind assets.

Following the bankruptcy of trucking giant Yellow, some 22,000 union workers are unemployed. It may be a spooky sign for the labor movement.

ArcBest said Monday that shipments from its primary less-than-truckload customers have increased 20% since June.

“Optym HaulPlan has enabled us to plan more efficiently and make adjustments to lanes quicker,” said Estes President and COO Webb Estes.

Forward’s plan to acquire a large forwarder has stakeholders concerned.

A court filing shows that Old Dominion swooped in at the last minute, entering a base bid of $1.5 billion for now-defunct Yellow’s terminals.

Since the closure of the third-largest LTL carrier, Averitt Express has seen an influx of 2,000 daily shipments — and hasn’t missed a beat.

Yellow Corp. told a judge Thursday that it has selected bankruptcy financing lenders and that Estes Express Lines has entered a $1.3 billion stalking horse bid for its terminals.

Apollo Global Management sold a $485 million loan to Yellow Corp. and has withdrawn its proposal for bankruptcy financing.

Less-than-truckload carrier Saia sees freight surge in the first two weeks of August.

An attorney for Yellow Corp. said Friday he’s hopeful to have in place by early next week a bankruptcy financing deal superior to what the company was previously offered.

Yellow said employees who expected their paychecks Thursday would receive them Friday. However, it remains unclear when workers will receive pay for accrued vacation days.

Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics.

Yellow Corp. may get better terms on a bankruptcy loan than it had going into the Sunday filing.