First look: Old Dominion Q1 earnings
Old Dominion Freight Line beat first-quarter expectations on Wednesday but lowered its capex budget as demand weakness lingers.
Old Dominion Freight Line beat first-quarter expectations on Wednesday but lowered its capex budget as demand weakness lingers.
Forward Air on Monday updated its first-quarter expectations for a second time.
Amazon has announced an inbound-only less-than-truckload service providing vendors that can’t fill a full trailer with a cheaper option to ship freight to its distribution centers.
Forward Air said Wednesday that 10% to 15% of last year’s revenue would have been impacted by the new tariffs.
Less-than-truckload stocks bore the brunt of Liberation Day tariffs, falling 18% on average following the announcement and adding to an already down year.
Less-than-truckload carrier Saia has restructured its customer service function and will now have local terminals rather than remote representatives handle the inbound.
Turvo said Thursday that SMC3’s less-than-truckload freight management tools can now be accessed through its TMS.
FedEx is working on several fronts to shore up its less-than-truckload business ahead of a 2026 spinoff.
Less-than-truckload carrier Roadrunner said it has added 278 direct metro-to-metro routes.
Yellow’s final bankruptcy plan didn’t garner the needed support and will now be countered by a competing plan from the estate’s unsecured creditors.
Knight-Swift Transportation has added former Saia Chief Financial Officer Doug Col to its board.
ArcBest said it added more truckload freight in February to stem the volume declines at its less-than-truckload business.
Deutsche Bank relaunched coverage of the transportation space on Friday with a strong bias toward companies most likely to benefit from a pickup in the industrial economy.
Less-than-truckload carrier XPO’s February tonnage decline isn’t as bad as the headline result suggests.
Less-than-truckload carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.
Forward Air has largely finished the integration of Omni Logistics and now needs a much-improved demand environment to return margins to former levels and pay down debt.
J.P. Morgan analyst Brian Ossenbeck warned in a research note that Amazon’s entry as a for-hire competitor poses a substantial risk to LTL stocks.
Pitt Ohio hosted a Thursday call to help shippers prepare for changes to the less-than-truckload freight classification system.
Less-than-truckload carrier ABF Freight has entered agreements to acquire two of bankrupt Yellow Corp.’s terminals for $11.5 million.
An entity with ties to shuttered car hauler Jack Cooper has acquired and relaunched regional less-than-truckload carrier Standard Forwarding.