Less than Truckload (LTL)

Market shook, LTL carrier Old Dominion isn’t

Less-than-truckload carrier Old Dominion Freight Line said it will continue making growth-oriented investments in its network ahead of demand. However, as uncertainty around trade policy is weighing on volumes and prolonging an already protracted freight downturn, the company decided to reel in its capex budget for 2025.

Its outlook for a favorable pricing backdrop remains intact, management told analysts on a quarterly earnings call Wednesday.

The company noted a reacceleration in its business...

https://www.freightwaves.com/news/market-shook-ltl-carrier-old-dominion-isnt

First look: Old Dominion Q1 earnings

Old Dominion Freight Line beat first-quarter expectations Wednesday before the market opened. The Thomasville, North Carolina-based less-than-truckload carrier reported earnings per share of $1.19, 5 cents higher than the consensus estimate but 15 cents lower year over year.  

The y/y decline was attributed to “ongoing softness in the domestic economy.”

“While we were encouraged to see signs of improving demand during the first quarter, there continues to be uncertainty with the economy,” Old...

https://www.freightwaves.com/news/first-look-old-dominion-q1-earnings

Forward Air ups Q1 EBITDA forecast

Forward Air has issued another update to first-quarter guidance, upping expectations from an April 9 notification filed with the Securities and Exchange Commission.

The Greeneville, Tennessee-based expedited trucking and freight forwarding company said consolidated revenue for the period should be in a range of $611 million to $615 million with operating income of $2 million to $6 million. The company generated revenue of $542 million in the 2024 first quarter ($624 million including the full...

https://www.freightwaves.com/news/forward-air-ups-q1-ebitda-forecast

LTL rates projected to keep rising y/y in Q2, TL rates to stay ‘at the bottom’

Amid soft demand and trade uncertainty, less-than-truckload pricing remained resilient during the first quarter while truckload rates stayed depressed. The trends are expected to continue through the second quarter, a Tuesday report from 3PL AFS Logistics and financial services firm TD Cowen showed.

The LTL rate-per-pound component of the TD Cowen/AFS Freight Index stood 63.8% higher in the 2025 first quarter than its January 2018 baseline. That was a 280-basis-point increase year over year and...

https://www.freightwaves.com/news/ltl-rates-projected-to-keep-rising-y-y-in-q2-tl-rates-to-stay-at-the-bottom

Las existencias de LTL ensangrentadas después del día de la liberación, estimaciones recortadas antes de los informes del primer trimestre

las-existencias-de-ltl-ensangrentadas-despues-del-dia-de-la-liberacion,-estimaciones-recortadas-antes-de-los-informes-del-primer-trimestre

Las acciones de transporte lo llevaron a la barbilla tras el anuncio de la administración Trump de aranceles generalizados después de que el mercado cerró el miércoles. A las acciones menos que la carga de camiones les fue lo peor en las dos sesiones comerciales después del Día de la Liberación, ya que los inversores […]

Esta entrada Las existencias de LTL ensangrentadas después del día de la liberación, estimaciones recortadas antes de los informes del primer trimestre Aparece primero en FullAva...

https://fullavantenews.com/las-existencias-de-ltl-ensangrentadas-despues-del-dia-de-la-liberacion-estimaciones-recortadas-antes-de-los-informes-del-primer-trimestre/?lang=es

LTL stocks bloodied post-Liberation Day, estimates cut ahead of Q1 reports

Transportation stocks took it on the chin following the Trump administration’s announcement of widespread tariffs after the market closed on Wednesday. Less-than-truckload stocks fared the worst in the two trading sessions following Liberation Day as investors who entered the year hopeful for a positive inflection in the industrial complex appear to have called it quits for the time being.

Less-than-truckload stocks fell 18% over the two-day period and are off 33% year-to-date (both on an...

https://www.freightwaves.com/news/ltl-stocks-bloodied-post-liberation-day-estimates-cut-ahead-of-q1-reports

Saia moving customer service function to its terminals

Less-than-truckload carrier Saia is laying off its customer service teams, opting to have local terminals handle the service function moving forward, a source close to the matter told FreightWaves.

The source said the layoffs will impact an undetermined number of customer service representative teams in Atlanta and Boise, Idaho, among other locations. Employees were given 60 days’ notice with the opportunity to earn a bonus if they remain on board throughout that period, the source said.

A...

https://www.freightwaves.com/news/saia-moving-customer-service-function-to-its-terminals

Turvo, SMC3 team up to improve LTL shipping process

Cloud-based TMS provider Turvo announced Thursday that it struck a partnership to add SMC3’s less-than-truckload freight management capabilities to its platform.

The integration will allow Turvo users to access SMC3’s network through APIs to automate shipment functions like rating, scheduling pickups, tracking shipments and document retrieval. The freight management interface also allows shippers and 3PLs to receive contract, dynamic and volume pricing directly from LTL carriers, including...

https://www.freightwaves.com/news/turvo-smc3-team-up-to-improve-ltl-shipping-process

Yellow’s new bankruptcy plan revealed, next steps still uncertain

An amended Chapter 11 bankruptcy plan outlining final distributions to Yellow Corp.’s creditors was submitted to a U.S. bankruptcy court in Delaware on Friday. As with the prior plan, the latest iteration would make former employees whole for their priority claims of unpaid time off and commissions due. The current version is backed by Yellow and the defunct estate’s committee of unsecured creditors but may not have the support of a key party in interest.

Classes for secured, priority, employee...

https://www.freightwaves.com/news/yellows-new-bankruptcy-plan-revealed-next-steps-still-uncertain

FedEx prepping LTL unit ahead of spinoff

FedEx continues to pretty up the nation’s largest less-than-truckload business, FedEx Freight, ahead of a 2026 spinoff. However, a lackluster industrial complex continued to present a headwind during its recent fiscal quarter ended Feb. 28.

Revenue at FedEx Freight declined 5.3% year over year to $2.09 billion as tonnage fell 7.6% and revenue per hundredweight, or yield, increased just 2.2%. The tonnage decline was the combination of a 4.7% decline in shipments and a 3.1% decline in weight per...

https://www.freightwaves.com/news/fedex-prepping-ltl-unit-ahead-of-spinoff

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