Amid falling tonnage throughout the less-than-truckload complex, Old Dominion posts another large earnings beat.
Less-than-truckload carrier Old Dominion moved forward with a long-term succession plan Tuesday, announcing that its chief operating officer will replace its CEO in July.
El director de operaciones Marty Freeman sucederá a Greg Gantt
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Less-than-truckload carriers are hopeful a recent round of general rate increases stick on the downside of the cycle.
Less-than-truckload tonnage declined at an accelerated pace through November.
The unit’s “space and pace” program will bypass the class-rates formula in favor of pricing based on dimensions and weight.
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.
Third-quarter updates from less-than-truckload carriers highlight a freight market that continues to slow.
