LTL midquarter

Forward Air’s freight swap pushing shipment yields up

Forward Air executes premium strategy in October and November

Forward Air announced Thursday that revenue per shipment accelerated further in November. The metric surged 61% year-over-year during the month in its expedited unit, which includes less-than-truckload, truckload and final-mile services. That was ahead of the 52% growth rate logged in October.

The asset-light trucking provider is in the process of “cleansing” its customer book and onboarding heavier, higher-valued cargo. Forward (NASDAQ: FWRD) is deepening its roots in sectors like industrial...

https://www.freightwaves.com/news/forward-airs-freight-swap-pushing-shipment-yields-up

Q3’s strength carries into Q4, LTL carriers report

LTL yields continue to surge higher

A couple of less-than-truckload carriers reported Thursday a hot start to the fourth quarter has continued through November.

In a filing with the Securities and Exchange Commission, ArcBest (NASDAQ: ARCB) announced its asset-based unit, which includes LTL operations, saw revenue per day increase 24% year-over-year in November. That followed a 20% revenue increase in October. Tonnage was up 7% year-over-year in November (+1% in October) with revenue per hundredweight, or yield, up 16% (+18% in...

https://www.freightwaves.com/news/q3s-strength-carries-into-q4-ltl-carriers-report

Yellow’s tonnage trends lag peers again

Yellow pushes yield initiatives amid hot LTL environment

Less-than-truckload carrier Yellow Corp. announced tonnage declines for the first two months of the third quarter. The company saw tonnage per day decline 5.7% year-over-year in July, accelerating to down 8.5% in August.

Yellow’s (NASDAQ: YELL) volume declines were up against easier comps (-4.3% in July 2020 and -6.4% in August 2020) than its peers faced. Results for the rest of the group were compared to smaller declines in July 2020 with modest increases in August 2020.

During the third...

https://www.freightwaves.com/news/yellows-tonnage-trends-lag-peers-again

ArcBest sees August tonnage dip in efforts to bolster LTL service

Carriers still working to purge non-LTL freight from networks

Transportation and logistics provider ArcBest Corp. provided an update on August’s trends on Wednesday. The company’s asset-based segment, which includes less-than-truckload, saw tonnage decline 4% year-over-year during August, a turnaround from the 5% increase recorded during July.

The year-ago period (+3.7%) benefited from an unseasonal lift in the company’s moving and storage segment as well as more spot market shipments. ArcBest (NASDAQ: ARCB) is in the process of lowering its exposure to...

https://www.freightwaves.com/news/arcbest-sees-august-tonnage-dip-in-efforts-to-bolster-ltl-service

Saia’s momentum carries into 3rd quarter

LTL pricing moves higher

Less-than-truckload carrier Saia reported year-over-year tonnage increases for the first two months of the third quarter on Friday.

The Johns Creek, Georgia-based carrier saw tonnage increase 12.6% year-over-year in July (shipments +3.4%, weight per shipment +9%) and 9.9% in August (shipments +1.9%, weight per shipment +7.9%). The increases compare to a 2.7% tonnage decline in July 2020 followed by a 0.5% increase in August as parts of the economy were still coming back online.

Saia (NASDAQ: SAIA)...

https://www.freightwaves.com/news/saias-momentum-carries-into-3rd-quarter

Geofencing data: Less-than-truckload boost carries into June

Old Dominion and UPS Freight trucks at facility

Less-than-truckload (LTL) volumes continued to improve throughout May and into the first week of June, said Deutsche Bank (NYSE: DB) analyst Amit Mehrotra in a note to clients.

He reported that in the first week of June, LTL activity levels improved 7% versus the average levels seen in May and were up 8% compared to the last week of May. Mehrotra believes that Old Dominion Freight Line (NASDAQ: ODFL) and SAIA (NASDAQ: SAIA) outperformed the average increase and UPS (NYSE: UPS) and YRC Worldwide (

https://s29755.pcdn.co/news/geofencing-data-less-than-truckload-boost-carries-into-june

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