Una presentación del martes ante un tribunal de bancarrota federal en Delaware mostró el transporte de Knight-Swift, A. Duie Pyle y Tforce Properties han celebrado acuerdos de compra por un total de $ 15.1 millones para adquirir siete de las terminales difuntas de Yellow Corp. Swift con sede en...
LTL terminal additions
Knight-Swift headlines buyers in latest Yellow terminal sale
A Tuesday filing with a federal bankruptcy court in Delaware showed Knight-Swift Transportation, A. Duie Pyle and TForce Properties have entered purchase agreements totaling $15.1 million to acquire seven of defunct Yellow Corp.’s terminals.
Phoenix-based Knight-Swift (NYSE: KNX) is acquiring three terminals in Southern California – Downey (71 doors), San Diego (49 doors) and Santa Maria (16 doors) – and one property in Roanoke, Virginia, (34 doors) for $9.9 million.
The four properties are...
https://www.freightwaves.com/news/knight-swift-headlines-buyers-in-latest-yellow-terminal-sale
Saia opens 2 new terminals, eyes 18 to 21 sites in ’24
Less-than-truckload carrier Saia has announced the opening of two new service centers. The company said the additions are part of a plan to add 18 to 21 terminals this year. Saia previously expected to add just 16 locations in 2024.
Located in Stockton, California, and Davenport, Iowa, the new facilities are part of a strategic initiative “to enhance service capabilities and support our expanding customer base,” a Monday news release said.
The company unveiled a $1 billion capital expenditures...
https://www.freightwaves.com/news/saia-opens-2-new-terminals-eyes-18-to-21-sites-in-24
Pitt Ohio adds 4 terminals, begins direct service in New York
Less-than-truckload carrier Pitt Ohio said Monday it has begun direct service in New York. The offering is part of a deal recently struck with partner carrier Teal’s Express.
Pitt Ohio recently acquired assets from Teal’s, which had been providing it with service in the state since 2016. Under the new structure, Pitt Ohio is integrating four terminals (Albany, Buffalo, Utica and Watertown) as well as the equipment and employees of Teal’s into its existing operations. The new facilities mark the...
https://www.freightwaves.com/news/pitt-ohio-adds-4-terminals-begins-direct-service-in-new-york
Old Dominion adding space to meet ‘heightened’ demand
Old Dominion Freight Line announced Tuesday it has added or expanded terminals at seven different locations over the last two quarters. The capacity enhancements include additional doors and staff as well as technology upgrades to support “anticipated future growth and heightened customer demand.”
The facility growth is part of the company’s initial 2022 guidance, which called for the opening or expansion at eight to 10 locations this year. Old Dominion (NASDAQ: ODFL) now operates 253 service...
https://www.freightwaves.com/news/old-dominion-adding-space-to-meet-heightened-demand
Old Dominion notes short-term cost headwinds; Q3 another record
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