revenue per hundredweight

Old Dominion said Wednesday that it’s likely more than half way through this volume downturn.

Less-than-truckload (LTL) carrier Old Dominion sets a new operating record on its way to a 19-cents–per-share third-quarter earnings beat.

The “less bad” trend may be over for less-than-truckload carriers. August updates from a couple of carriers show modest year-over-year improvement for the first time since April’s nadir.

ArcBest joins other less-than-truckload carriers seeing a May rebound from April lows. A 10% stock bump from a rating upgrade holds into the second trading session.

Less-than-truckload demand appears to have bounced off of an April bottom according to reports from carriers.