July’s manufacturing data showed strength not seen in the past four years, a trend that bodes well for less-than-truckload carriers.
Less-than-truckload carrier XPO is seeing the fruits from several initiatives focused on improving freight selection, raising yields and streamlining workflows.
Trucking rate indexes jumped during the second quarter and are expected to reach new highs in the third quarter.
Less-than-truckload carrier XPO seems set to exceed its second-quarter tonnage projection based on the company’s May update.
Self-help initiatives at XPO are being met with better demand, pushing the less-than-truckload carrier’s financial results meaningfully higher.
XPO saw improving trends in its less-than-truckload unit during the first quarter, with margin improvement outpacing normal seasonal patterns.
XPO sees tonnage return to positive territory in February.
XPO’s less-than-truckload tonnage was flat in January, breaking an 18-month stretch of declines.
XPO beat fourth-quarter expectations on Thursday.
Intermodal marketing company STG Logistics announced Monday it has entered into a Chapter 11 restructuring plan.
XPO’s fourth-quarter update showed less-than-truckload trends largely in line with the company’s prior guidance.
XPO once again reported significant margin improvement in the third quarter, despite a soft less-than-truckload market.
XPO beat third-quarter expectations as yield and operating efficiency initiatives offset a soft demand environment.
Old Dominion Freight Line was named as the top national carrier for a 16th straight year by Mastio & Co.
Less-than-truckload carrier XPO’s third-quarter update showed a notable moderation in tonnage declines during August.
Less-than-truckload carrier XPO sees “a massive runway ahead” for its self-help initiatives even if the broader economy doesn’t cooperate.
Less-than-truckload carrier XPO continued a streak of earnings beats on Thursday, reporting revenue and net income ahead of consensus estimates.
Less-than-truckload carrier XPO saw a volume decline in May that was in line with its previous guidance.
Less-than-truckload carrier XPO reiterated its outlook for margin improvement in 2025 even if the economy doesn’t cooperate.
Less-than-truckload carrier XPO is one of the few transportation companies to report better-than-expected results for the first quarter.
