Weak shipment counts have pushed profit expectations lower at FedEx Freight.
Old Dominion Freight Line’s November update showed modest improvement from October.
Less-than-truckload carrier Saia reports tonnage improvement in November.
ArcBest reported improvement in revenue trends during November but reiterated its expectation for margin erosion in the fourth quarter.
XPO’s fourth-quarter update showed less-than-truckload trends largely in line with the company’s prior guidance.
Bankrupt Yellow Corp. has settled its withdrawal liabilities with 14 multiemployer pension plans.
A final plan for distributing bankrupt Yellow Corp.’s remaining assets, valued at over $600 million, received approval on Monday.
Freight shipment declines widened in October, Thursday data from Cass Information Systems showed.
Bankrupt Yellow Corp.’s estate is nearing a final distribution plan.
Specialized less-than-truckload carrier XGS has been acquired by LRT Group.
Yellow Corp.’s breach-of-contract lawsuit against the International Brotherhood of Teamsters has been reinstated by a federal appeals court.
Management at Forward Air announced on Wednesday, in conjunction with its quarterly report, that a strategic review, which could include the sale of the company, remains ongoing.
ArcBest flagged margin concerns heading into the seasonally weakest part of the year.
ArcBest beat expectations for the third quarter but flagged significant margin deterioration in its asset-based unit in the fourth quarter.
XPO once again reported significant margin improvement in the third quarter, despite a soft less-than-truckload market.
Less-than-truckload carrier Saia guided to a fourth-quarter operating ratio that would equal its worst since the pandemic.
XPO beat third-quarter expectations as yield and operating efficiency initiatives offset a soft demand environment.
Old Dominion Freight Line remains focused on yield management and controlling costs as it awaits a reprieve from tonnage declines.
Belt tightening and higher yields helped Old Dominion Freight Line limit margin degradation in the third quarter.
Knight-Swift Transportation’s third-quarter results and fourth-quarter outlook came in light of expectations on Wednesday.
Forward Air’s stock fell sharply on Monday following a report that it hasn’t yet received a satisfactory takeover offer.
Old Dominion Freight Line is the latest less-than-truckload carrier to implement a general rate increase ahead of schedule.
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.
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.
ArcBest talks up numbers at its first investor day since 2015.
Less-than-truckload carrier Dayton Freight Lines announced it has doubled capacity at a terminal serving the Salem, Illinois market.
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.
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.
Less-than-truckload carrier XPO’s third-quarter update showed a notable moderation in tonnage declines during August.
A second round of buyout bids for Forward Air are due next month, according to an M&A blog.
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.
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.
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.
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.
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.
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.
Old Dominion Freight Line said in a Wednesday update that the soft trends experienced so far in 2025 continued through May.
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.
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.
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.
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.
FedEx is working on several fronts to shore up its less-than-truckload business ahead of a 2026 spinoff.
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.
Less-than-truckload carrier XPO’s February tonnage decline isn’t as bad as the headline result suggests.
Less-than-truckload carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.
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.
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.
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.
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.
