LTL carriers

The board at FedEx has formally greenlit the spinoff of its freight division.

Forward Air’s stock was off more than 40% on Friday after it said it may lose a large customer and that a take-private bid for its entire enterprise had failed to materialize.

Self-help initiatives at XPO are being met with better demand, pushing the less-than-truckload carrier’s financial results meaningfully higher.

Less-than-truckload carrier Saia’s margins appear to be turning the corner following a multiyear expansion.

XPO saw improving trends in its less-than-truckload unit during the first quarter, with margin improvement outpacing normal seasonal patterns.

Old Dominion Freight Line said the less-than-truckload demand picture is improving.

Old Dominion Freight Line exceeded first-quarter estimates, noting freight demand improved as the quarter progressed.

ArcBest is seeing some positive signs as carriers gain the upper hand in negotiations.

ArcBest beat first-quarter expectations Tuesday before the market opened.

Elevated diesel prices and ongoing yield improvement efforts by less-than-truckload carriers are expected to push rates to new highs in the second quarter.

Private equity firm STG announced it has acquired less-than-truckload TMS provider Carrier Logistics Inc.

FedEx Freight outlined financial targets and operational initiatives ahead of a June separation from parent FedEx Corp.

FedEx Freight was again a drag on FedEx Corp.’s consolidated results, which came in ahead of expectations.

Shares of Forward Air moved sharply lower on Wednesday after a stock market news site reported a full-company sale is “unlikely.”

An update from Old Dominion Freight Line showed volume and revenue declines slowed in February.

Less-than-truckload carrier Saia’s tonnage declines moderated in February, with volumes remaining higher on a two-year-stacked comparison.

XPO sees tonnage return to positive territory in February.

Forward Air said it is “nearing the conclusion” of a strategic review, which investors called for following the company’s controversial merger with Omni Logistics.

Less-than-truckload carrier Averitt announces expansion plans to its terminal network.

Less-than-truckload carrier Saia missed fourth-quarter expectations on Tuesday but said the recent period could mark the trough for margins.

Less-than-truckload carrier Saia missed fourth-quarter expectations ahead of the market open on Tuesday.

XPO’s less-than-truckload tonnage was flat in January, breaking an 18-month stretch of declines.

XPO beat fourth-quarter expectations on Thursday.

Less-than-truckload carrier Old Dominion voiced optimism about a potential demand inflection but cautioned that this cycle has been full of false starts.

Old Dominion Freight Line beat fourth-quarter expectations as cost management and yield hikes helped offset volume declines.

ArcBest is cutting costs and improving processes as the market looks to shake off a prolonged downturn.

Transportation and logistics provider ArcBest missed fourth-quarter consensus expectations.

Knight-Swift Transportation outlines a path to margin recovery in 2026 following a fourth quarter that was worse than expected.

Knight-Swift Transportation misses fourth-quarter expectations.

Less-than-truckload rates hit a new high in the fourth quarter while the truckload market displayed “tentative signs of recovery.”

Less-than-truckload carrier Estes Express Lines provided an update on recent capital investments on Thursday.

Struggling Midwest regional less-than-truckload carrier Standard Forwarding Freight is shutting down operations while it evaluates its options.

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.