LTL intraquarter updates

Hot LTL market carries into 2022

Old Dominion's revenue up nearly 50% on two-year stacked comp in February

Less-than-truckload carriers see strong demand trends from 2021 carrying into what is normally the slowest part of the year. First-quarter updates from a couple of carriers Thursday highlighted robust revenue growth, driven by double-digit yield increases and higher volumes.

Old Dominion Freight Line (NASDAQ: ODFL) reported a 38.3% year-over-year increase in revenue during February, following a previously disclosed 25.7% increase in January. Tonnage jumped 18.3% in February (+7.7% in January),...

https://www.freightwaves.com/news/hot-ltl-market-carries-into-2022

Yellow Corp sees tonnage drop, yields surge in Q4

Yellow sees yields jump more than 20% in Q4

Less-than-truckload carrier Yellow Corp announced negative tonnage trends for the first two months of the fourth quarter, but that’s largely by design. Tons per day fell by approximately 10% year-over-year in October and November, the company said in a Thursday press release issued after the market closed.

Compared to peers, some of which experienced double-digit gains, that’s quite a falloff. However, the disruption to Yellow’s (NASDAQ: YELL) volumes is expected to be short-lived.

Table: Company...

https://www.freightwaves.com/news/yellow-corp-sees-tonnage-drop-yields-surge-in-q4

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