First look: Old Dominion Q3 earnings
Belt tightening and higher yields helped Old Dominion Freight Line limit margin degradation in the third quarter.
Belt tightening and higher yields helped Old Dominion Freight Line limit margin degradation in the third quarter.
Old Dominion Freight Line is the latest less-than-truckload carrier to implement a general rate increase ahead of schedule.
Less-than-truckload rates maintain record levels despite softness across the manufacturing complex.
FedEx Freight’s spinoff is on track to be completed by June of next year.
ArcBest lowered third-quarter margin expectations for its asset-based unit, which includes less-than-truckload operations.
Less-than-truckload carrier Saia saw tonnage move back into negative territory in August as the manufacturing complex nears a third full year of contraction.
Old Dominion Freight Line reported Thursday that tonnage declines accelerated in August.
Less-than-truckload carrier XPO continued a streak of earnings beats on Thursday, reporting revenue and net income ahead of consensus estimates.
Transportation and logistics provider ArcBest is relying on cost and efficiency initiatives to get through the downturn.
Less-than-truckload carrier Old Dominion Freight Line is sticking with its playbook as the freight downturn enters a fourth year.
Old Dominion Freight Line reported a modest earnings miss for the second quarter on Wednesday as volume declines were only partially offset by higher yields.
ArcBest missed analysts’ expectations for the second quarter.
Less-than-truckload carrier Saia saw a step in the right direction during the second quarter.
Less-than-truckload rates are expected to log a new high in the third quarter, according to TD Cowen and AFS Logistics.
Easy comps and dynamic pricing have ArcBest back in growth mode, but yields are now lagging.
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.