LTL terminal capacity

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

Estes to open at least 20 terminals this year

Less-than-truckload carrier Estes said Monday it will start opening terminals it has acquired from defunct Yellow Corp. as part of a “national expansion.”

The carrier acquired 24 service centers for $249 million at Yellow’s (OTC: YELLQ) first auction, which concluded in early December. It picked up five leased properties for $35 million at a second auction a couple of weeks later.

A more than $1.5 billion stalking horse bid from the company in September set the minimum valuation for Yellow’s real...

https://www.freightwaves.com/news/estes-to-open-at-least-20-terminals-this-year

Saia advances terminal growth initiative

A red Saia truck and white trailer on highway

Less-than-truckload carrier Saia Inc. has announced the addition of more service centers. The openings are part of a plan that will likely make the company one of the most active real estate players in the LTL market over the next few years.

The company added facilities in Macon and Valdosta, Georgia, both of which are positioned in close proximity to the I-75 corridor. The announcement follows previous additions this year: two locations west of Chicago and the carrier’s first center in West...

https://www.freightwaves.com/news/saia-advances-terminal-growth-initiative

Old Dominion notes short-term cost headwinds; Q3 another record

Old Dominion posts record revenue and profit in Q3

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

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

Saia adds terminal capacity again; Memphis expansion complete

Saia double on highway

Less-than-truckload (LTL) carrier Saia Inc. (NASDAQ: SAIA) announced after the close of trading on Monday that it has opened an expanded cross-dock terminal in Memphis, Tennessee.

The Johns Creek, Georgia-based carrier noted the new 200-door energy-efficient facility will employ almost 300 workers, a level similar to the terminal that it is replacing. The new location has a maintenance shop with eight bays, high-speed fueling capabilities and can “accommodate a significant expansion over time,”...

https://s29755.pcdn.co/news/saia-adds-terminal-capacity-again-memphis-expansion-complete