Shares of less-than-truckload carrier XPO were up 9% in midday trading on Thursday following a fifth consecutive quarter of year-over-year margin improvement.
Less-than-truckload carrier Saia is looking for opportunities to raise pricing across its larger network to levels commensurate with the rest of the market.
Two purchase agreements for four of Yellow’s terminals were submitted to a federal bankruptcy court as a broader bid deadline nears.
A federal bankruptcy court has approved two sales totaling $192.5 million for 12 of Yellow Corp.’s terminals.
Less-than-truckload carrier Pitt Ohio has acquired Midwest carrier Sutton Transport.
Less-than-truckload carriers Estes and R+L Carriers have made offers to acquire $192.5 million in real estate from bankrupt Yellow Corp.
Industrial data remains under pressure ahead of intraquarter updates from less-than-truckload carriers.
ArcBest missed third-quarter expectations and is guiding to more than 500 basis points of less-than-truckload operating ratio degradation in the fourth quarter.
Less-than-truckload carrier XPO beat third-quarter expectations and outlined a plan for outsize yield and margin growth.
Less-than-truckload carrier Saia saw a modest backup in financial results during the third quarter but reasserted confidence that it’s on the right path with its terminal growth strategy.
Knight-Swift Transportation beat third-quarter expectations and provided some positive anecdotes around recent demand and pricing trends.
Knight-Swift Transportation beat the third-quarter consensus estimate but provided a mixed earnings outlook for the next two quarters.
Less-than-truckload carrier Saia said it will open three terminals in October, pushing its new terminal count to more than 20 this year.
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.
Saia announced plans to open three more terminals in September, which is part of a larger plan to open 18 to 21 this year.
Less-than-truckload carrier Estes said Thursday it has closed on seven additional terminals that were being leased by bankrupt Yellow Corp.
Less-than-truckload carrier Saia is adding six locations acquired from Yellow Corp. in Montana, South Dakota and Wyoming in August.
Less-than-truckload carrier XPO will open the bulk of the terminal portfolio it acquired from defunct Yellow Corp. this year.
Less-than-truckload carrier Estes plans to add nearly 1,000 doors in 2024 as it brings former Yellow sites online.
A Delaware bankruptcy court filing on Wednesday showed the results from a second auction of Yellow’s service centers.
