Does a shorter interview and hiring process really help? Canadian truckers and protesters block the border, and Winter Storm Landon assaults the Midwest.
Less-than-truckload carrier Old Dominion raised its long-term margin target when it released better-than-expected fourth-quarter earnings Wednesday.
Saia’s operating ratio was up more than 500 basis points in Q4 2021 compared to the final quarter of 2020.
AskWaves looks at the impact general rate increases have on less-than-truckload rates.
Picking transport stocks in 2022 will not involve a blanket approach, according to Deutsche Bank. However, there are still several companies with significant upside potential.
Less-than-truckload carriers report strong October results. But one analyst questions if the stocks have run too far ahead of results.
Forecasting is great, till it isn’t, drivers are not at fault for West Coast port congestion, and Houston didn’t get the homecoming celebration it was hoping for in the World Series.
The LTL carrier plans on opening 10 to 15 terminals in 2022.
Also on the podcast: The investment drought in oil setting the table for higher prices
Wall Street investors liked what they saw in the company’s earnings, pushing the stock up by more than 8%.
Knight-Swift’s acquisition highlights the LTL industry’s sweet spot in the e-commerce supply chain, says a noted consultant.
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 carriers ArcBest and Saia report continued strength in demand through the first two months of the second quarter.
As first quarter earnings continue to be announced, FreightWaves takes a look at how truckload and LTL carriers stack up.
Less-than-truckload carrier Saia reported first-quarter earnings ahead of expectations and guided for second-quarter results to outpace normal seasonality.
Less-than-truckload carrier Saia reports a big year-over-year increase in earnings during the first quarter even as weather negatively impacted one-third of its network.
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.
Less-than-truckload carrier Yellow Corp., like other LTLs, reports a weather-related falloff in February trends. However, industrial data continues to suggest this LTL freight recovery has legs.
Old Dominion Freight Line said Thursday it would add 800 drivers and more than 400 dockworkers and clerical personnel to meet “robust freight demand.”
Most less-than-truckload carriers have implemented general rate increases for 2021. The average increase is in the mid-single digits, ahead of some increases issued in the past and likely indicative of a firm LTL market.
An open letter from activist investor Ancora Advisors says “ineffective capital allocation” and diversification into “margin- and return-dilutive service offerings” have led to inferior results for Forward Air compared to other less-than-truckload carriers.
In today’s edition of The Daily Dash, freight rates jumped 12% to end 2020, and Amazon wants to help truckers build their own businesses. Plus, Knight-Swift acquires a technology company.
Less-than-truckload carrier Saia laid out expansion plans on its fourth-quarter earnings call. The carrier believes door count growth can exceed recent expansion efforts.
Less-than-truckload carrier Saia reported fourth-quarter results well ahead of expectations Monday. The company reported record operating results in a “most unique year.”
Past Forward Air CFO Andy Clarke outlines his outlook for improving returns at his former company. He represents an activist investor group, which includes turnaround investment firm Ancora Advisors and Forward’s founder.
Deutsche Bank’s December geofencing data suggests LTL volumes continued the positive trends seen in the first two months of the fourth quarter.
Former executives at Forward Air along with an activist investor have been acquiring shares since October in efforts to make changes to the management team, board and capital allocation strategy, which may include divesting “non-core assets.”
ArcBest sees asset-based revenue continue positive streak in November. This is the fourth LTL carrier to report improving trends in the quarter.
YRC Worldwide reports 3% year-over-year increase in November revenue, following a modest decline in October. The company’s overall trends are still lagging those of some competitors.
In today’s edition of The Daily Dash, YRC’s loan is facing scrutiny from Congress, plus LTL tonnage is on the rise and prosecutors ask for the reinstatement of the conviction of former Pilot CEO Mark Hazelwood and two others.
CFO Col: ‘We’re not upset when we have to use it’
Operating income up 21.7% while revenue up just 2.7%; performance far better than Wall Street forecasts
Deutsche Bank’s geofencing data shows less-than-truckload terminal activity at XPO accelerated during the third quarter while other carriers saw moderation.
With many data points sitting at cycle highs, several industry participants are calling for the trucking market’s bull rally to last well into 2021.
Numbers for the division were far worse than those of peers like Old Dominion and Saia; Deutsche Bank recommends breakup of the company
In today’s edition of The Daily Dash, second-quarter earnings are coming fast and furious, and if you are looking to them for definitive answers on the economy, you might be disappointed. Plus, how hackable are ELDs and why is diesel engine maker Cummins so interested in hydrogen?
Saia Inc. has a market capitalization of $3.33 billion and has 169 trucking terminals in 44 states.
Deutsche Bank geofencing data shows the less-than-truckload recovery off of an April bottom spills into June.
Zach and Anthony review some of the latest company earnings and a major economic releases which have yet to reveal the full story of the COVID-19 impact on the freight economy.
With the belt tightened at YRC, a covenant waiver and benefits contribution deferral are still required.
Most companies are right near the 25% decline in the market since February 1.
Many freight and logistics providers have reported weak earnings in the past few weeks. Due to the current operating environment, these totals were expected and investors have begun buying into the second half recovery story.
Saia’s q4 EPS comes in light. Operating income, operating ratio hit by higher expenses on multiple fronts
Saia’s CFO leaves after just 8 months to return to reefer warehousing firm Americold
Saia, Old Dominion fourth quarter updates show that one may be gaining at the expense of the other
Saia’s expansion in the Northeast U.S. had its risks but appears to be paying off
But a lot depends on stabilizing global growth and an industrial recovery in the United States.
Saia Inc. (NASDAQ: SAIA) reported that its revenues and operating income were up in the second quarter of 2019. Headquartered in Johns Creek, Georgia, the less-than-truckload (LTL) carrier reported an 8.3 percent increase in revenue to $464.2 million and a 23.1 percent jump in its operating revenue to $51.2 million in the second quarter. Saia, […]
Saia’s interim report also showed a slowdown in LTL activity.
As the price of diesel continues to hover around $3.16 per gallon nationwide, trucking companies are investing in solutions to improve fuel mileage.
How do you re-distribute $400 million of LTL freight? Not easily.
Not a gangbusters quarter for Saia or Schneider. But the numbers were strong for both and Merrill Lynch thinks the Schneider stock is undervalued.
Even the Port’s director agrees something needs to be done; East Coast port notches new record; ATA crows about California victory.
Also in the pickup: the sad state of interstate 81; farmers and truckers in the news; Saia’s fourth-quarter status report
LTL carrier says Northeast expansion to continue with new facilities, but segment remains at breakeven results.
Coverage of three companies were launched with a “buy” rating, while three of them got “hold” ratings.
PT expenditures rose about 40% for the quarter.
Tax reform lifts earnings projections for two, but Old Dominion gets praise for operations
