LTL capacity

A. Duie Pyle expands LTL network into Virginia

LTL carriers adding terminals to meet demand

Less-than-truckload carrier A. Duie Pyle announced Tuesday that it has expanded into Virginia with the opening of three terminals. The facilities in Richmond, Roanoke and Manassas are the southernmost terminals in the company’s mostly Northeastern footprint.

The West Chester, Pennsylvania-based carrier said the additions will expand its overnight and one-day direct trucking service to points further south along the Eastern Seaboard. The locations also provide major connections in and out of the...

https://www.freightwaves.com/news/a-duie-pyle-expands-ltl-network-into-virginia

Yellow turns a profit, restructuring moves forward

5.9% general rate increase starts Monday

Strong fundamentals in the less-than-truckload market, marked by considerably higher yields, combined with a companywide restructuring drove a net profit at Yellow Corp. during the third quarter.

Yellow (NASDAQ: YELL) reported earnings per share of 16 cents compared to a net loss of 4 cents per share a year ago. This was the first positive number on the EPS line since the 2020 first quarter. But that period included an asterisk as the company booked almost $40 million in gains on the sale of...

https://www.freightwaves.com/news/yellow-turns-a-profit-restructuring-moves-forward

ArcBest sees improvement beyond record Q3 performance

ArcBest's network investments paying off in 2021

Management from ArcBest isn’t shying away from the prospect of its asset-based unit, which includes less-than-truckload operations, achieving a mid-80% operating ratio. On a Tuesday call with analysts, company officials said the potential for further margin improvement stems from capacity investments it is making in its fleet, terminals and people, as well as several years of yield improvement on its customer book.

ArcBest (NASDAQ: ARCB) reported third-quarter adjusted earnings per share of...

https://www.freightwaves.com/news/arcbest-sees-improvement-beyond-record-q3-performance

Saia to add more than 500 drivers and 300 dockworkers

LTL hiring blitz continues

Less-than-truckload carrier Saia (NASDAQ: SAIA) announced Tuesday it would be hiring more than 500 Class A CDL drivers and 300 dockworkers in the coming weeks. The company said the hiring blitz was in response to elevated demand and its expansion initiatives.

The recruitment campaign includes a $1,500 driver referral program, driver sign-on bonuses of $7,500 in some markets and a dock-to-driver training program with $5,000 in incentives.

“To meet demand and continue to offer customers the quality...

https://www.freightwaves.com/news/saia-to-add-more-than-500-drivers-and-300-dockworkers

Old Dominion poised for more records in 2021

Old Dominion sets stage for second-quarter record

Less-than-truckload carrier Old Dominion Freight Line (NASDAQ: ODFL) said it is in “good position” to continue capturing market share. The carrier said it took share in the first quarter of 2021 in route to its highest-revenue quarter ever.

The company reported a 14.1% year-over-year increase in revenue as tonnage rose 8.3% and shipments grew 6.9%. A record first-quarter operating ratio of 76.1%, 530 basis points better year-over-year, was the result of improved yields (+5.6%) and weight per...

https://s29755.pcdn.co/news/old-dominion-poised-for-more-records-in-2021