LTL tonnage

Easy comps and dynamic pricing have ArcBest back in growth mode, but yields are now lagging.

Less-than-truckload carrier Saia reported a decline in tonnage for the first time since Yellow Corp. closed.

Less-than-truckload carrier XPO reiterated its outlook for margin improvement in 2025 even if the economy doesn’t cooperate.

Less-than-truckload carrier XPO is one of the few transportation companies to report better-than-expected results for the first quarter.

ArcBest said it’s still seeing a rational less-than-truckload pricing environment and expects a normal seasonal uptick in demand during the second quarter.

ArcBest reported a miss for the first quarter as it balances keeping its network full with finding decently margined freight.

Saia’s shares are getting punished as the company’s ambitious growth efforts have been derailed by a trade war.

Less-than-truckload carrier Saia’s first quarter was much worse than analysts feared.

Old Dominion Freight Line is only modestly altering near-term plans as it looks to take market share during the next less-than-truckload upswing.

Old Dominion Freight Line beat first-quarter expectations on Wednesday but lowered its capex budget as demand weakness lingers.

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.

FedEx is working on several fronts to shore up its less-than-truckload business ahead of a 2026 spinoff.

ArcBest said it added more truckload freight in February to stem the volume declines at its less-than-truckload business.

Less-than-truckload carriers Old Dominion and Saia maintained their respective growth strategies in February while both await a market turn.

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.

Old Dominion Freight Line is planning for a good 2025 back half and hasn’t given up on the first half yet.

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.

ArcBest’s fourth-quarter results were ahead of analysts’ expectations but reflect a sluggish demand environment.

ArcBest beat fourth-quarter expectations Friday but noted that continued industrial weakness is weighing on its results.

XPO and Old Dominion reported tonnage declines in November, but both appear to be anticipating a market recovery.

Intraquarter updates from a pair of less-than-truckload carriers pushed shares of the group lower on Tuesday.

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.

ArcBest sees weak trends in both its asset-based and asset-light segments during the third 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.

Less-than-truckload carrier Saia’s less favorable freight mix and higher cost structure from a terminal expansion weighed on its third quarter.

Continued weakness in freight demand weighed on Old Dominion’s third quarter, but the less-than-truckload carrier said current sequential trends are the best in two-and-a-half years.

Old Dominion Freight Line’s third-quarter came in slightly ahead of analysts’ lowered expectations, but its volume trends remained soft.

Susquehanna Financial Group analyst Bascome Majors cut his earnings forecasts for less-than-truckload carriers following a soft August.

Some less-than-truckload carriers reported weaker tonnage trends in August but continued to capture increases in yields.

Less-than-truckload carrier Saia is still recording volume growth even though a year has passed since Yellow Corp. closed and the comparisons have gotten tougher.

A soft macroeconomic environment has resulted in lighter shipments for ArcBest and a delay in the company’s freight swap.

ArcBest misses second-quarter expectations as losses at its asset-light business continue.

Less-than-truckload carrier XPO bested second-quarter expectations on Thursday as tonnage and yields continued to move higher.

Growth-related costs and a less favorable freight profile led to Saia’s second-quarter results coming up short of expectations.

A first look at less-than-truckload carrier Saia’s second-quarter earnings report.

Old Dominion Freight Line beat second-quarter expectations Wednesday as it continues to ready its network for an improving freight economy where it plans to win market share.

ArcBest’s efforts to improve freight mix are producing big swings in its operating metrics, a May update revealed.

Less-than-truckload carrier XPO reported a modest increase in volumes during May, but yields took a notable step higher.

Old Dominion’s volume metrics continue to lag peers, largely by design.

Less-than-truckload carrier Saia reported an acceleration in its volume metrics for May, sending its share price up 14% on Tuesday.

Less-than-truckload carrier XPO easily surpassed analyst expectations for the first quarter as significantly higher yields amplified modest tonnage gains.

ArcBest saw big first-quarter tonnage declines as it continued to swap transactional business for contract freight.

Saia and other less-than-truckload stocks sink for a second time in a week as quarterly reports disappoint.

An in-line earnings report and tepid guidance from Old Dominion sent shares of less-than-truckload carriers lower Wednesday.

ArcBest reported another big tonnage decline in February as it continues to replace transactional freight with better-priced business from core accounts.

Less-than-truckload carrier XPO is seeing some of the strongest volume growth in the industry.

Old Dominion Freight Line reported modestly better trends in February compared to January but noted the market remains soft.

Old Dominion’s fourth quarter was largely in line with analysts’ expectations even as it takes on growth-oriented costs ahead of improvement in demand.

Less-than-truckload carrier Saia sees freight surge in the first two weeks of August.

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.

Less-than-truckload carrier Yellow reported another large drop in volumes Friday after the market closed.

Less-than-truckload provider Forward Air said Tuesday that demand momentum has improved as the second quarter has progressed.

Less-than-truckload carrier XPO reported another modest tonnage decline in May, which was in line with trends at Saia and much better than Old Dominion’s report.

Less-than-truckload carrier Old Dominion reported no seasonal inflection in volumes during May but continued to push yields higher.

Less-than-truckload carrier Saia reported second-quarter volume metrics on Friday that imply a high-single-digit sequential increase in tonnage from the first quarter.

Less-than-truckload carrier XPO reported better-than-expected first-quarter results and said it remains on track to achieve long-term profitability targets.

Less-than-truckload carrier Yellow Corp. recorded a net loss during the first quarter as it attempts to overhaul its network.

Forward Air noted some optimism in its lowered outlook on Tuesday, saying recent customer conversations have been promising.

Saia’s revenue trends in April are much better than its less-than-truckload peers.

After culling underperforming freight for the better part of two years, less-than-truckload carrier Yellow sees volumes inflect positively.

Forward Air said Tuesday that low-teens tonnage declines over the past few months have calmed in early March.

ArcBest’s first-quarter update bucks the less-than-truckload industry trend as tonnage increases and yields moderate.

Less-than-truckload carrier Saia reported January and February tonnage declines that were in line with fourth-quarter declines when adjusting for weather.

Less-than-truckload carrier Yellow reported another large decline in volume leading to a fourth-quarter loss.

XPO’s growth strategy includes a wider net for capturing volume, but the less-than-truckload carrier is adamant it will remain price disciplined.

XPO takes share in the fourth quarter, posting adjusted earnings ahead of consensus.

Amid falling tonnage throughout the less-than-truckload complex, Old Dominion posts another large earnings beat.

Yellow is seeing large tonnage declines continue as the fourth quarter advances.

Asset-light less-than-truckload provider Forward Air sees tonnage fall off sharply in November.

Less-than-truckload tonnage declined at an accelerated pace through November.

The deceleration in less-than-truckload tonnage during the fourth quarter is worse than analysts expected.

Less-than-truckload demand has taken another step lower, according to carriers attending the Stephens investor conference.

Less-than-truckload carrier Yellow Corp. navigates second year of volume declines amid network overhaul.

ArcBest beats expectations in a noisy third quarter. Tonnage declines and cost inflation during the fourth quarter will put the model to the test.

Less-than-truckload carrier Saia slightly missed third-quarter expectations and noted volumes softened as the quarter progressed.

Forward Air highlights several growth opportunities that will push results higher again in 2023 even if the economy slows further.

Old Dominion said Wednesday that it’s likely more than half way through this volume downturn.

Less-than-truckload carrier Yellow Corp. sees tonnage fall by mid-teen percentages in the first two months of the third quarter as it implements the first phase of its restructuring.

More signs of slowing in the less-than-truckload industry appeared Thursday when ArcBest provided a third-quarter update.

Third-quarter updates from less-than-truckload carriers highlight a freight market that continues to slow.

The high-flying darlings of 2021, less-than-truckload stocks are finding their way back to earth quickly this year.

Yellow Corp. executives told analysts that the company’s plan to close and consolidate terminals won’t reduce capacity in its network.

Management from ArcBest said positive yield actions are allowing it to keep reinvesting in the network, which will continue to improve service and margins.

ArcBest easily beat first-quarter expectations Friday. The positive revenue trends have carried through April.

Forward Air beat first-quarter expectations and pulled forward 2023 financial targets by a full year.

Less-than-truckload carrier Old Dominion beat first-quarter expectations Wednesday. The company moved one step closer to doing “something that they said couldn’t be done.”

A Wednesday update from less-than-truckload carrier Yellow Corp. showed volume trends worsened in February on what was supposed to be an easy year-over-year comp.

ArcBest reported Friday that the favorable revenue trends logged in the fourth quarter have continued through the first two months of the first quarter.

First-quarter updates from Old Dominion and Saia show LTL carriers are off to another strong start.

Forward Air head Tom Schmitt was bullish about the company’s prospects on a call with analysts Thursday. Forward is already on track to achieve recently issued 2023 targets ahead of schedule.

Less-than-truckload carrier Yellow Corp. reported better-than-expected adjusted fourth-quarter results Wednesday after the market closed.

Less-than-truckload carrier Yellow Corp reports the weakest revenue trends out of the public carriers providing fourth-quarter updates.

Forward Air’s initiative to upgrade its freight mix to a heavier class of premium cargo was evident in November results.

Less-than-truckload carrier Old Dominion said share-taking efforts led to revenue growth ahead of its peers during November.

Intraquarter updates from less-than-truckload carriers show record third-quarter operating conditions have continued through the first two months of the fourth quarter.

Less-than-truckload carriers report strong October results. But one analyst questions if the stocks have run too far ahead of results.

Old Dominion expects the costs of growing at such a fast pace will linger for a while. The company beat third-quarter estimates and doubled down on its share-taking strategy.

Less-than-truckload carrier Yellow reported tonnage declines worse than its peers for the first two months of the third quarter. The carrier said it currently remains focused on driving yields higher in lieu of volume growth.