ArcBest takes on TL freight to fill empty capacity

Transportation and logistics provider ArcBest reported less severe volume declines in its asset-based operations during February as it took on more truckload freight to buoy throughput at its terminals.

Fort Smith, Arkansas-based ArcBest (NASDAQ: ARCB) announced Monday after the market closed that tonnage in the asset-based unit, which includes results from less-than-truckload subsidiary ABF Freight, was down just 2% year over year in February following a 9.2% decline in January. The February...

https://www.freightwaves.com/news/arcbest-takes-on-tl-freight-to-fill-empty-capacity

Old Dominion, Saia stay on different paths to overcome same challenge in Q1

A pair of less-than-truckload carriers on somewhat divergent paths provided first-quarter updates on Tuesday that displayed no material change of course. Old Dominion Freight Line saw volumes sag again in February as it plays the long game at the bottom of the cycle, while competitor Saia reported another large tonnage increase as it fills its recently expanded network through the downturn.

Source: Company reports
Old Dominion’s volumes sag as it awaits more opportune entry point

Thomasville,...

https://www.freightwaves.com/news/old-dominion-saia-stay-on-different-paths-to-overcome-same-challenge-in-q1

Economic headwinds, light shipments weigh on ArcBest in August

Lower shipment weights and the loss of some project freight won in the early days of Yellow Corp.’s wind-down a year ago weighed on metrics at ArcBest’s asset-based unit in August.

The company’s asset-based segment, which includes results from less-than-truckload carrier ABF Freight, saw tonnage fall 10% year over year in August, following a 12.5% decline in July, according to a Tuesday evening filing with the Securities and Exchange Commission. The August decline was the combination of a 1% dip...

https://www.freightwaves.com/news/economic-headwinds-light-shipments-weigh-on-arcbest-in-august

ArcBest again trades volume for yield in Q2

ArcBest continues to trade volume for higher yields. The company’s May update showed tonnage was off 22% year over year (y/y) for a second consecutive month while yield increased 26% y/y in the month (after it was up 24.6% y/y in April).

Lower shipment weights, down 16% y/y in April and 19% y/y in May, are positively impacting the yield metrics (revenue per hundredweight). Higher yields were also driven by price increases on transactional shipments and a favorable mix shift toward contractual...

https://www.freightwaves.com/news/arcbest-again-trades-volume-for-yield-in-q2

XPO seeing higher volumes, ‘above-market yield growth’ in Q2

Less-than-truckload carrier XPO’s May update showed it continued to grow tonnage while taking yields meaningfully higher.

Tonnage in May was up 2.4% year over year (y/y), which followed a 3.1% increase in April. May’s tonnage growth was the combination of a 3.8% increase in shipments partially offset by a 1.4% decline in weight per shipment.

XPO (NYSE: XPO) also reported yield (excluding fuel surcharge) in the first two months of the second quarter increased by an undisclosed amount from the...

https://www.freightwaves.com/news/xpo-seeing-higher-volumes-above-market-yield-growth-in-q2

Old Dominion’s tonnage turns positive in Q2

Old Dominion Freight Line’s tonnage metrics have turned positive for the first time in nearly two years. The less-than-truckload carrier’s second-quarter update shows improvement from the first quarter but a slight deceleration in growth rates from April to May.

The company announced Wednesday that revenue per day was 5.6% higher year over year (y/y) in May, better than the 1.2% growth rate in the first quarter but slightly below a 6.3% increase in April. May’s tonnage was up 1.5% y/y as...

https://www.freightwaves.com/news/old-dominions-tonnage-turns-positive-in-q2

Old Dominion Freight Line still waiting for market to turn

Old Dominion Freight Line reported a modest improvement in metrics during February but said market conditions “continue to reflect softness in the domestic economy.”

The less-than-truckload carrier saw revenue per day increase 1.2% year over year (y/y) during February, following a 2.7% decline in January. Tonnage was down 3% as a slight increase in shipments was offset by a 3.2% decline in weight per shipment. January saw a 2.3% decline in shipments while shipment weights were 3.2% lower.

January...

https://www.freightwaves.com/news/old-dominion-freight-line-still-waiting-for-market-to-turn

Forward Air’s tonnage inflects further upward in Q4

Forward Air says tonnage has moved further into positive territory during the fourth quarter.

The company’s expedited segment, which includes less-than-truckload operations, saw a 5.5% year-over-year (y/y) increase in tons per day during the first two months of the fourth quarter, Forward Air said in an update issued Wednesday after the market closed. The result follows a slight decline in the third quarter.

Weight per shipment jumped 11% y/y and revenue per shipment was 2.6% higher in the...

https://www.freightwaves.com/news/forward-airs-tonnage-inflects-further-upward-in-q4

ArcBest’s November tonnage dips further, yields up

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ArcBest saw tonnage fall again in November as it continues to use a favorable less-than-truckload...

https://www.freightwaves.com/news/arcbests-november-tonnage-dips-further-yields-up