Change in freight mix continues to weigh on ArcBest’s volumes
ArcBest saw big first-quarter tonnage declines as it continued to swap transactional business for contract freight.
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.