Less-than-truckload pricing

ArcBest continues trend of positive mid-quarter reports

ArcBest double moving down highway

The positive inflection in less-than-truckload (LTL) metrics during August continued with ArcBest Corp. (NASDAQ: ARCB). In a Wednesday filing, the carrier reported that total tonnage per day increased 3.5% compared to August 2019, with LTL tonnage increasing by a high single-digit percentage.

Last week, carriers Old Dominion Freight Line (NASDAQ: ODFL) and Saia (NASDAQ: SAIA) reported modest increases in tonnage on a year-over-year basis for the month, the first since COVID-19 brought large...

https://www.freightwaves.com/news/arcbest-continues-trend-of-positive-mid-quarter-reports

Shares of YRC Worldwide sink on weak midquarter report

YRC LTL rig on highway

YRC Worldwide (NASDAQ: YRCW) has provided a brief update on shipping and yield metrics for the first two months of the second quarter of 2020, and the numbers raise concerns.

In a press release, the Overland Park, Kansas-based less-than-truckload (LTL) carrier reported an 18.6% year-over-year tonnage-per-day decline through the first two months of the quarter with revenue per hundredweight, or yield, declining 6.3%.

The carrier reported a 22.6% year-over-year decline in April tonnage with yield...

https://s29755.pcdn.co/news/shares-of-yrc-worldwide-sink-on-weak-midquarter-report