LTL earnings Archives - Maritime Shipping News

Check Call: Please don’t have somebody waiting on you

3 February 2022

people gathered around a desk of computers. Check Call news and analysis for 3pls and brokers

Hot Take

’Tis the season to start hiring interns, recent college graduates and seasoned veterans. New budget, new requisition, new me, but is it? It’s the worst best time to be a recruiter. You have to compete with everyone and their mother for the same candidates. Once you find one you like, it feels like you’re in the Hunger Games trying to make sure they don’t go anywhere.

As a result of the current job market, it’s a good time to reevaluate hiring and recruitment...

https://www.freightwaves.com/news/check-call-please-dont-have-somebody-waiting-on-you

Check Call: Cloudy with a chance of profits

4 November 2021

Hot Takes

At the beginning of 2020, no one could have predicted the transportation market would be where it is today. With a pandemic that shut down the world for weeks, spot market rates reached the highest they have been in years and capacity has gotten tighter than a lid on a pickle a jar.

In this industry, more so than others, you have to be ready to change your course of action at any moment. Most days aren’t the same in the freight world. You come into various...

https://www.freightwaves.com/news/check-call-cloudy-with-a-chance-of-profits

Yellow turns a profit, restructuring moves forward

4 November 2021

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

2 November 2021

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

ArcBest cruises past expectations in 3rd quarter

2 November 2021

ArcBest achieves record results again in third quarter

ArcBest reported record quarterly results Tuesday before the market opened with each of its segments posting double-digit revenue growth. Adjusted earnings per share of $2.59 beat analysts’ expectations by 14 cents and were more than double the year-ago quarter.

ArcBest (NASDAQ: ARCB) reached more than $1 billion in consolidated revenue in the quarter with its asset-based segment, which includes less-than-truckload operations, recording 21.2% year-over-year growth at $681 million.

Daily tonnage...

https://www.freightwaves.com/news/arcbest-cruises-past-expectation-in-3rd-quarter

Freight swap leads Forward Air to Q3 record; 2023 targets issued

28 October 2021

Forward Air sees record results in third quarter

Management from Forward Air told analysts on its third-quarter earnings call Thursday that “cleansing” its customer book drove record results in the period.

The Greeneville, Tennessee-based asset-light trucking and logistics company has been upgrading the freight mix to include “denser, high-value freight.” Forward (NASDAQ: FWRD) is maximizing yield per shipment by focusing on a mix that is skewed toward industrial tech and parts versus lighter and lower-margined e-commerce parcels.

The...

https://www.freightwaves.com/news/freight-swap-leads-forward-air-to-q3-record-2023-targets-issued

Old Dominion notes short-term cost headwinds; Q3 another record

27 October 2021

Old Dominion posts record revenue and profit in Q3

Old Dominion Freight Line will see a bit of a cost catch-up over the next couple of quarters given the record growth it continues to experience. The company will continue to expand its network of terminals and add the drivers and workers needed to service them as it looks to grow its share of the robust less-than-truckload market.

The Thomasville, North Carolina-based carrier reported third-quarter earnings per share of $2.47, 10 cents ahead of consensus and 76 cents higher year-over-year,...

https://www.freightwaves.com/news/old-dominion-notes-short-term-cost-headwinds-q3-another-record