ArcBest saw a modest acceleration in year-over-year tonnage growth during August as shipment weights surged.
Less-than-truckload carrier XPO remains positioned to hit its third-quarter guidance after releasing its August operating metrics Thursday after the market closed.
August year-over-year tonnage growth accelerated for less-than-truckload carrier Saia, aided by a softer prior-year comparison than in July.
Old Dominion Freight Line’s August update showed an acceleration in yield growth, with volumes closing in on positive territory.
July’s manufacturing data showed strength not seen in the past four years, a trend that bodes well for less-than-truckload carriers.
Shares of less-than-truckload carrier Saia fell on Thursday as a weaker-than-expected third-quarter margin outlook overshadowed a second-quarter report that surpassed expectations.
Less-than-truckload carrier XPO is seeing the fruits from several initiatives focused on improving freight selection, raising yields and streamlining workflows.
ArcBest’s second quarter highlighted improvements in operations across its business units.
Trucking rate indexes jumped during the second quarter and are expected to reach new highs in the third quarter.
Manufacturing activity grew for a sixth straight month in June, providing another tailwind to an already supply-constrained trucking market.
ArcBest raised operating income expectations for both of its business units.
Less-than-truckload carrier XPO seems set to exceed its second-quarter tonnage projection based on the company’s May update.
Old Dominion Freight Line’s May operating results saw a meaningful improvement from April, as less-than-truckload demand appears to be firming.
Saia is poised for significant tonnage increases as its prior-year comparisons ease and demand appears to be firming.
Self-help initiatives at XPO are being met with better demand, pushing the less-than-truckload carrier’s financial results meaningfully higher.
Less-than-truckload carrier Saia’s margins appear to be turning the corner following a multiyear expansion.
XPO saw improving trends in its less-than-truckload unit during the first quarter, with margin improvement outpacing normal seasonal patterns.
Old Dominion Freight Line said the less-than-truckload demand picture is improving.
Old Dominion Freight Line exceeded first-quarter estimates, noting freight demand improved as the quarter progressed.
ArcBest is seeing some positive signs as carriers gain the upper hand in negotiations.
