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.”
