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.
