Less-than-truckload (LTL) carrier Old Dominion sets a new operating record on its way to a 19-cents–per-share third-quarter earnings beat.
The CARES Act oversight commission is still waiting on a response from the Defense Department regarding its “national security” designation of YRC Worldwide, which allowed the carrier to obtain a pandemic relief loan.
FlockFreight pools together LTL freight and ships it via shared truckloads in full truckload containers instead.
Cass data for the month of August shows significant acceleration in demand and rates but the comparisons to 2019 still lag other data sources.
With many data points sitting at cycle highs, several industry participants are calling for the trucking market’s bull rally to last well into 2021.
YRC Worldwide reported trends worse than its competitors for the first two months of the third quarter. Recent postings show the carrier is moving forward on its turnaround by rationalizing its terminal network.
DDC’s Chad Crotty recommends carriers take a managed approach between tech integration and applying practical knowledge as a workforce planning strategy.
Shared truckload alleviates LTL pain points
Roadrunner fully exits truckload business and announces financial improvement. The company adds former Celadon CEO to the board.
FedEx Freight is expanding its freight distribution operation in Laredo, Texas, near the US-Mexico border.
Flock Freight, which is building a shared truckload solution for LTL loads, has achieved B Corp certification for its sustainability efforts.
YRC management believes it will take four to six quarters to complete $400 million worth of equipment replacement.
Old Dominion Freight Line says it has expanded its network of service centers by nine so far in 2020. The expansion will facilitate the carrier’s efforts to grow market share.
Cost initiatives and spot market freight ease the impacts of a choppy pandemic-impacted freight market. ArcBest’s improving trends lead to reinstated wages and benefits.
The truckload carriers have reported solid results to start second quarter earnings season, but some load data is still lagging.
After delisting from the NYSE, Roadrunner Transportation Systems announces it will add three new less-than-truckload facilities this summer. The expansion is part of its re-organization focused on asset-light offerings.
Since last year, Banyan Technology has offered LTL carriers a tool to provide special pricing incentives to shippers. Now it is adding data insights to make that tool more effective.
YRC’s $700 million loan from the Treasury Department raises concerns from industry experts about the survival of the company and whether the deal is worth it.
Deutsche Bank analyst Amit Mehrotra favors a few transportation stocks as the second quarter comes to a close.
Canadian environmental services company Aevitas adds flatbed fleet with the acquisition of Fast Lane Freight Services.
