LTL rates

LTL rates projected to keep rising y/y in Q2, TL rates to stay ‘at the bottom’

Amid soft demand and trade uncertainty, less-than-truckload pricing remained resilient during the first quarter while truckload rates stayed depressed. The trends are expected to continue through the second quarter, a Tuesday report from 3PL AFS Logistics and financial services firm TD Cowen showed.

The LTL rate-per-pound component of the TD Cowen/AFS Freight Index stood 63.8% higher in the 2025 first quarter than its January 2018 baseline. That was a 280-basis-point increase year over year and...

https://www.freightwaves.com/news/ltl-rates-projected-to-keep-rising-y-y-in-q2-tl-rates-to-stay-at-the-bottom

EFW, project44 launch rating API giving LTL shippers expedited options

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Estes Forwarding Worldwide (EFW) said it has partnered with supply chain visibility provider project4...

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

LTL not out of the woods, but opportunities burgeoning

The less-than-truckload industry has proved resilient amid a pandemic and a plethora of supply chain disruptions. However, Mark Redini, senior vice president of LTL pricing and solutions at Echo Global Logistics, urges the industry not to let its guard down just yet.

“LTL carriers quickly adapted to the changes and continued working over the course of the pandemic; they never really missed a beat,” Redini said, applauding the industry’s efforts but suggesting that there’s more work to be done.

Red...

https://s29755.pcdn.co/news/ltl-not-out-of-the-woods-but-opportunities-burgeoning

The Daily Dash: More LTL rate increases; diving into SONAR freight data

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Old Dominion Freight Line is the latest less-than-truckload carrier to announce an increase in rates for this year. Plus, SONAR data shows a freight market moving sideways, and Forward Air reaffirms its direction in spite of activist shareholder pressure.

Parade of rate increases

Following in the path of others, Old Dominion Freight Line (NASDAQ: ODFL) has issued a general rate increase, effective...

https://s29755.pcdn.co/news/the-daily-dash:-more-ltl-rate-increases;-diving-into-sonar-freight-data

ArcBest seeing tonnage accelerate in October

ArcBest double on highway

Management from logistics provider ArcBest Corp (NASDAQ: ARCB) said during their third-quarter conference call with analysts on Tuesday that they are experiencing some of the best tonnage trends in company history. Asset-based revenue per day, including less-than-truckload (LTL) revenue, was up 9% year-over-year in October with tonnage increasing 10%.

Improvements in the industrial and housing sectors, along with very strong consumer spending, are driving the increase in demand. A survey of...

https://s29755.pcdn.co/news/arcbest-seeing-tonnage-accelerate-in-october

ArcBest Q3 results outpace expectations

ArcBest truck on highway

ArcBest Corp (NASDAQ: ARCB) reported third-quarter adjusted earnings per share of $1.22, well ahead of the consensus estimates ranging from 79 cents to 82 cents per share.

The asset-based division, which includes less-than-truckload (LTL) operations, reported a 1% year-over-year increase in tonnage, with LTL tonnage increasing in the mid-single-digit range while spot truckload (TL) tonnage fell by double digits.

Revenue per hundredweight, or yield, declined 2% year-over-year. LTL yield was down...

https://s29755.pcdn.co/news/arcbest-q3-results-outpace-expectations

YRC rolls new name, fleet, CFO, board seats into Q3 report

Yellow and YRC Freight trailers on highway

Less-than-truckload (LTL) carrier YRC Worldwide (NASDAQ: YRCW) announced a bunch of changes in its third-quarter report — likely none bigger than its draw on the second tranche of a $700 million Treasury loan.

After months of scrutiny over the Treasury’s underwriting of a relief loan to YRC and the Defense Department’s designation that the carrier was a “business critical to maintaining national security,” a classification allowing it to qualify for the loan, YRC has drawn the first $75 million...

https://s29755.pcdn.co/news/yrc-rolls-new-name-fleet-cfo-board-seats-into-q3-report

Old Dominion gearing up for ‘robust’ 2021

Old Dominion double on highway

Slight improvements in volume and yield along with strict cost management allowed less-than-truckload (LTL) carrier Old Dominion Freight Line (NASDAQ: ODFL) to post its best-ever operating ratio (OR) during the third quarter of 2020.

The Thomasville, North Carolina-based carrier’s 74.5% OR, expenses as a percentage of revenue, was the result of a modest revenue increase, 1% higher year-over-year with LTL revenue excluding fuel up approximately 4%, and lower expenses as a percentage of revenue...

https://s29755.pcdn.co/news/old-dominion-gearing-up-for-robust-2021

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