Saia’s margins slip as LTLs await rebound
Less-than-truckload carrier Saia guided to a fourth-quarter operating ratio that would equal its worst since the pandemic.
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.