Elevated diesel prices and ongoing yield improvement efforts by less-than-truckload carriers are expected to push rates to new highs in the second quarter.
FedEx Freight was again a drag on FedEx Corp.’s consolidated results, which came in ahead of expectations.
ArcBest’s February update displayed stable results for its less-than-truckload segment, while its outlook for asset-light operations improved.
An update from Old Dominion Freight Line showed volume and revenue declines slowed in February.
Less-than-truckload carrier Saia missed fourth-quarter expectations on Tuesday but said the recent period could mark the trough for margins.
XPO’s less-than-truckload tonnage was flat in January, breaking an 18-month stretch of declines.
XPO beat fourth-quarter expectations on Thursday.
Less-than-truckload carrier Old Dominion voiced optimism about a potential demand inflection but cautioned that this cycle has been full of false starts.
Old Dominion Freight Line beat fourth-quarter expectations as cost management and yield hikes helped offset volume declines.
ArcBest is cutting costs and improving processes as the market looks to shake off a prolonged downturn.
Less-than-truckload rates hit a new high in the fourth quarter while the truckload market displayed “tentative signs of recovery.”
Weak shipment counts have pushed profit expectations lower at FedEx Freight.
Old Dominion Freight Line’s November update showed modest improvement from October.
ArcBest reported improvement in revenue trends during November but reiterated its expectation for margin erosion in the fourth quarter.
ArcBest flagged margin concerns heading into the seasonally weakest part of the year.
ArcBest beat expectations for the third quarter but flagged significant margin deterioration in its asset-based unit in the fourth quarter.
XPO once again reported significant margin improvement in the third quarter, despite a soft less-than-truckload market.
Less-than-truckload carrier Saia guided to a fourth-quarter operating ratio that would equal its worst since the pandemic.
XPO beat third-quarter expectations as yield and operating efficiency initiatives offset a soft demand environment.
Old Dominion Freight Line remains focused on yield management and controlling costs as it awaits a reprieve from tonnage declines.
