Old Dominion’s tonnage turns positive in Q2
Old Dominion’s volume metrics continue to lag peers, largely by design.
Old Dominion’s volume metrics continue to lag peers, largely by design.
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.
This week in Borderlands: Nearshoring boom bringing more production closer to US; Mexican and US officials sign agreement to expand international bridge; Old Dominion receives approval for new terminal near Phoenix; and construction begins for 785,000-square-foot logistics park in Houston.
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 Old Dominion Freight Line reports muted volume trends for November.
Old Dominion Freight Line was the latest less-than-truckload carrier to announce an early general rate increase for the new year.
Third-quarter earnings reports show how Yellow Corp.’s market share was redistributed across the less-than-truckload industry.
Old Dominion sees a 6% uptick in shipments following Yellow’s closure but says the industry’s freight reshuffle hasn’t been permanently settled.
Old Dominion Freight Line reported better-than-expected third-quarter results as Yellow’s departure provided a tailwind.
Averitt Express received the highest overall ranking, with Old Dominion Freight Line voted top national less-than-truckload carrier in a value and loyalty survey.
Equity research analysts are taking less-than-truckload earnings forecasts higher following the industry’s successful absorption of defunct Yellow’s freight.
Less-than-truckload carrier Estes’ latest stalking horse bid for Yellow’s terminals replaces an offer made by competitor Old Dominion.
Less-than-truckload carrier Old Dominion reported a large turnabout in operating trends during August.
A court filing shows that Old Dominion swooped in at the last minute, entering a base bid of $1.5 billion for now-defunct Yellow’s terminals.
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.
Stock analysts size up less-than-truckload market dynamics following weeks of turmoil at carrier Yellow Corp.
Outgoing Old Dominion CEO Greg Gantt made his final appearance at the UBS conference and looked back on the company’s road to the top of the heap.ODFL