Continued weakness in freight demand weighed on Old Dominion’s third quarter, but the less-than-truckload carrier said current sequential trends are the best in two-and-a-half years.
Old Dominion Freight Line’s third-quarter came in slightly ahead of analysts’ lowered expectations, but its volume trends remained soft.
Less-than-truckload carrier Saia said it will open three terminals in October, pushing its new terminal count to more than 20 this year.
After mounting pressure from some shareholders following an ill-fated merger, sources have confirmed to FreightWaves that Forward Air is working with investment bankers to sell the company.
Daylight Transport and Old Dominion Freight Line garnered the top rankings in consulting and research firm Mastio’s 2024 survey of shippers.
A Wednesday court filing showed bankrupt Yellow Corp. will begin accepting indications of interest for its remaining terminals next week with the hope of closing the property sales in January.
A Delaware bankruptcy court denied a request to stay the deposition of Teamsters union leader Sean O’Brien regarding his involvement in failed negotiations with Yellow Corp. last year.
Saia announced plans to open three more terminals in September, which is part of a larger plan to open 18 to 21 this year.
Susquehanna Financial Group analyst Bascome Majors cut his earnings forecasts for less-than-truckload carriers following a soft August.
Some less-than-truckload carriers reported weaker tonnage trends in August but continued to capture increases in yields.
Teamsters union leader Sean O’Brien will have to appear at an in-person deposition that could determine the fate of up to $244 million in WARN Act claims against Yellow’s estate.
Less-than-truckload carrier Saia is still recording volume growth even though a year has passed since Yellow Corp. closed and the comparisons have gotten tougher.
A soft macroeconomic environment has resulted in lighter shipments for ArcBest and a delay in the company’s freight swap.
Newly-formed Jack Cooper LTL is rumored to be in talks to purchase less-than-truckload carrier Standard Forwarding.
Yellow Corp., which is close to submitting a final Chapter 11 plan, can retain real estate broker CBRE to sell its remaining terminals, a Delaware bankruptcy court said Friday.
Less-than-truckload carrier Estes said Thursday it has closed on seven additional terminals that were being leased by bankrupt Yellow Corp.
XPO is reportedly again in talks to divest its European transportation business as it seeks to focus solely on its North American less-than-truckload operations.
Less-than-truckload carrier Saia is adding six locations acquired from Yellow Corp. in Montana, South Dakota and Wyoming in August.
Creditors to Yellow’s estate say professional fees are racking up while its advisers delay a realistic Chapter 11 plan in hopes of producing an unlikely recovery for shareholders.
Less-than-truckload provider Roadrunner said Wednesday it will now serve locations in western Canada.
