Yellow’s estate is roughly halfway through the liquidation of more than 300 terminals, a court order showed Friday.
Less-than-truckload carrier Pitt Ohio announced the expansion of its New England service on Monday.
XPO said Tuesday it’s excited about a “once-in-a-generation” terminal acquisition that will facilitate the next decade of growth.
A Delaware bankruptcy court filing shows several prominent less-than-truckload carriers hold $1.9 billion in winning bids for 130 of Yellow’s terminals.
Third-quarter earnings reports show how Yellow Corp.’s market share was redistributed across the less-than-truckload industry.
ArcBest’s less-than-truckload operation saw a meaningful step up in profitability in the third quarter as it remains selective on market share opportunities.
ArcBest reports a third-quarter earnings beat when adjusting for several one-off items.
Less-than-truckload carrier Saia will implement a 7.5% general rate increase in early December.
Averitt Express received the highest overall ranking, with Old Dominion Freight Line voted top national less-than-truckload carrier in a value and loyalty survey.
Tuesday filings before a Delaware bankruptcy court are asking for the use of professional auction houses in the disposition of Yellow’s trucks and trailers.
Roadrunner announced Tuesday a new service that waives 100% of the freight bill for shipments that don’t arrive on time.
A quarterly survey of shippers suggests the trucking market is still distanced from a material recovery.
Equity research analysts are taking less-than-truckload earnings forecasts higher following the industry’s successful absorption of defunct Yellow’s freight.
More than one-third of shippers and brokers polled said they were still searching for a permanent less-than-truckload provider following Yellow’s exit.
Less-than-truckload provider Forward Air missed second-quarter earnings expectations but management noted it’s seeing a lift from Yellow’s shutdown.
Less-than-truckload carrier Yellow Corp. closed the gates Sunday and ceased all operations.
ArcBest reported an earnings miss Friday but that may not matter as its less-than-truckload unit is quickly taking on volume as a competitor winds down.
Old Dominion reported what will likely be best-in-class results for the second quarter and said recent turmoil at competitor Yellow Corp. hasn’t altered its strategy any.
Stock analysts size up less-than-truckload market dynamics following weeks of turmoil at carrier Yellow Corp.
Documents revealed late Monday show Yellow Corp. has missed required contributions for June and plans to withhold July payments.
