LTL Industry

A couple of reports from less-than-truckload carriers show trends are beginning to turn positive on a year-over-year comparison. Old Dominion Freight Line (NASDAQ: ODFL) reported a modest increase in revenue per day for the month of August. The Thomasville, North Carolina-based carrier said in a...

Less than 12 hours after making landfall, Hurricane Laura was downgraded Thursday morning from a potentially catastrophic event to a Category 1 storm. Yet it was still packing 75 mph winds and heavy rains as it began its journey north toward the Ohio River Valley region. Because Laura's ferocity...

Good day, Workers from Amazon.com, Inc. (NASDAQ: AMZN), Instacart, Whole Foods and Shipt are planning to walk off the job today in a May Day rally that caps a month of protests by warehouse workers and delivery drivers over working conditions during the coronavirus pandemic. In a press release,...

Less-than-truckload (LTL) carrier Saia, Inc. (NASDAQ: SAIA) is seeing a sharp falloff in demand during April following a very strong operating performance in the first quarter of 2020. The Johns Creek, Georgia-based carrier reported first quarter earnings per share of $1.06 compared to analysts'...

Less-than-truckload (LTL) carrier Saia, Inc. (NASDAQ: SAIA) reported a significantly better than expected first quarter, generating $1.06 in earnings per share compared to analysts' forecasts of $0.81. Total revenue increased 8.7% year-over-year to $446 million as tonnage grew 5.6% and revenue per...

In a letter to rank and file members, the negotiating committee of the International Brotherhood of Teamsters informed members that YRC Worldwide (NASDAQ: YRCW) was given a grace period on health and welfare and pension fund contributions due to volume declines associated with the coronavirus. The...

A "small number" of employees at FedEx Freight, the company's less-than-truckload (LTL) division, are being furloughed. FedEx Corporation (NYSE: FDX) confirmed reports that the furloughs will be "to align our workforce with current operational and business needs." In its statement, FedEx said the...

Roadrunner Transportation (NYSE: RRTS) told the world back in 2017 that in the wake of an accounting scandal, its financial numbers could not be viewed as reliable, and it took months for them to catch up with accurate figures. Understandably, no known equity analysts would put the company on their...