Saia hires new CFO from within
Less-than-truckload carrier Saia has tapped Matthew Batteh, vice president of finance, as its new chief financial officer.
Less-than-truckload carrier Saia has tapped Matthew Batteh, vice president of finance, as its new chief financial officer.
Less-than-truckload carrier XPO will open the bulk of the terminal portfolio it acquired from defunct Yellow Corp. this year.
ArcBest saw big first-quarter tonnage declines as it continued to swap transactional business for contract freight.
ArcBest missed first-quarter expectations on Tuesday.
TFI International has acquired less-than-truckload carrier Hercules Forwarding, which generates over $100 million in revenue each year.
ArcBest reported another big tonnage decline in February as it continues to replace transactional freight with better-priced business from core accounts.
Less-than-truckload carrier XPO is seeing some of the strongest volume growth in the industry.
Old Dominion Freight Line reported modestly better trends in February compared to January but noted the market remains soft.
Less-than-truckload carrier Saia said daily shipments were up 19% in February Monday after the market closed.
A Delaware bankruptcy court will decide on March 6 if it will hear pension withdrawal liability litigation against Yellow Corp.
As many as 14,000 former Yellow Teamsters could head back to work if a would-be less-than-truckload startup can persuade creditors to approve their plan.
XPO’s fourth quarter exceeded expectations, and the company provided robust pricing guidance for 2024.
Yellow Corp. said it has paid a total of $851 million to the U.S. Treasury as repayment for a 2020 CARES Act loan.
ArcBest continued to swap out spot freight for higher-margin shipments from core accounts during the fourth quarter.
ArcBest leveraged cost initiatives to beat the fourth-quarter consensus estimate.
Less-than-truckload carrier Saia will spend roughly 30% of its annual revenue buying terminals and trucks as it looks to take market share again in 2024.
Old Dominion’s fourth quarter was largely in line with analysts’ expectations even as it takes on growth-oriented costs ahead of improvement in demand.
Less-than-truckload provider Roadrunner announced the addition of 135 new lanes as well as service to parts of Canada.
Forward Air announced Thursday that it has closed on a merger with Omni Logistics following months of litigation.
C.H. Robinson said 10 of the top less-than-truckload carriers on its platform are now using electronic bills of lading.