New vaccination requirements are coming for cross-border drivers, cargo thieves strike again and again, and Amazon takes on UPS and FedEx.
Less-than-truckload carrier Old Dominion said share-taking efforts led to revenue growth ahead of its peers during November.
A rule requiring vaccines for employees, or weekly testing for workers declining vaccination, at companies with staff of 100 or more gets emergency stay.
Old Dominion expects the costs of growing at such a fast pace will linger for a while. The company beat third-quarter estimates and doubled down on its share-taking strategy.
Less-than-truckload carrier Yellow reported tonnage declines worse than its peers for the first two months of the third quarter. The carrier said it currently remains focused on driving yields higher in lieu of volume growth.
ArcBest said Wednesday an August tonnage decline in its asset-based segment was done intentionally so that it could better service its core less-than-truckload customers.
Less-than-truckload carrier Old Dominion reported strong operating trends for the first two months of the third quarter. The carrier said it will continue to reinvest in its network to achieve further market share wins.
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Truckload carriers’ “spillover” freight ties up LTL capacity during unprecedented times, Old Dominion executives said.
A recent SEC filing shows the company has already raised $44.7 million from four investors.
High demand and tight capacity have less-than-truckload carriers testing years of investments that are designed to handle this type of environment. Many of FedEx Freight’s service woes were captured in the data leading up its cancellation announcement.
Hundreds of shippers, including ones that supply big-box retailers like Home Depot and Lowe’s, are scrambling for transportation after FedEx Freight (NYSE: FDX) on Monday abruptly stopped truck pickups at many locations to help overwhelmed terminals restore productivity levels. The snap decision to jettison thousands of customer sites from its network was an aggressive response […]
The large year-over-year revenue increases recorded by less-than-truckload carriers in the second quarter continued with Yellow on Monday after the close. However, the carrier’s operating metrics lagged some of its competitors as it continues to execute a companywide overhaul.
Less-than-truckload carrier Old Dominion reported further acceleration in tonnage and yields in the first two months of the second quarter on Thursday.
Less-than-truckload carrier Saia announced Tuesday it was hiring more than 500 drivers and 300 dockworkers.
As first quarter earnings continue to be announced, FreightWaves takes a look at how truckload and LTL carriers stack up.
Old Dominion Freight Line set a first-quarter record even with adverse weather conditions. The second quarter is shaping up to produce a new all-time company record.
Old Dominion Freight Line announced its best first-quarter result in company history on Thursday. Improved density and yields led to a 76.1% operating ratio, 530 basis points better year-over-year.
Electronic payments provider Relay Payments announces Old Dominion Freight Line is the latest carrier to join its platform.
Less-than-truckload carrier Saia announces the addition of its 20th facility in the Northeast in just the last four years. The LTL market continues to garner incremental investment dollars as demand rises.
