LTL yield Archives - Maritime Shipping News

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

27 October 2021

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

YRC sees improvement in Q4, still lagging competitors

8 December 2020

Revenue turns positive in November at YRC

Less-than-truckload carrier YRC Worldwide (NASDAQ: YRCW) reported Monday that shipments were flat year-over-year through the first two months of the fourth quarter, with revenue per shipment up slightly at 0.3%.

The Overland Park, Kansas-based company showed improving trends in the quarter, albeit at a slower pace than competitors. Tonnage increased 1.9% year-over-year in October, up 2.2% in November.

Last week, Old Dominion Freight Line (NASDAQ: ODFL) noted tonnage increases of 2.2%...

https://s29755.pcdn.co/news/yrc-sees-improvement-in-q4-still-lagging-competitors

Old Dominion sees tonnage accelerate from August inflection

3 December 2020

Improvement in less-than-truckload fundamentals was reported for a second day in a row on Thursday. Old Dominion Freight Line’s (NASDAQ: ODFL) November update showed the carrier increased revenue per day by more than 6% for the month.

The report follows a Wednesday update from Saia (NASDAQ: SAIA) in which the carrier reported tonnage increases for the first two months of the fourth quarter of 5.7% and 7.3%, respectively.

Old Dominion reported a 5.2% year-over-year increase in November tonnage...

https://s29755.pcdn.co/news/old-dominion-sees-tonnage-accelerate-from-august-inflection

Saia sees tonnage trends advance in Q4

2 December 2020

Saia continues to see monthly tonnage increase

Less-than-truckload carrier SAIA (NASDAQ: SAIA) announced Wednesday shipment metrics for the first two months of the fourth quarter that included a November tonnage hike of more than 7%.

On a year-over-year comparison, the Johns Creek, Georgia-based carrier reported that October LTL shipments increased 3.3%, with weight per shipment climbing 2.4%. The result was a 5.7% increase in tonnage for the month. November tonnage was up 7.3%, the combination of a 4.4% increase in shipments and a 2.8%...

https://s29755.pcdn.co/news/saia-sees-tonnage-trends-advance-in-q4

New fleet to advance YRC turnaround

19 November 2020

Soon to be doing business under the Yellow banner again, YRC Worldwide (NASDAQ: YRCW) CEO Darren Hawkins said he likes the direction the company is headed.

Presenting virtually at the Stephens Annual Investment Conference on Wednesday, Hawkins said he has “a lot of confidence” in the restructuring the less-than-truckload (LTL) carrier has in place, noting that broader demand should continue to serve as a tailwind.

Demand to provide a tailwind

Hawkins commented that the consumer remains strong and...

https://s29755.pcdn.co/news/new-fleet-to-advance-yrc-turnaround

YRC Q3 update bucks improving industry trends

10 September 2020

The trend of year-over-year tonnage improvement from the less-than-truckload (LTL) carriers in August ends with YRC Worldwide’s (NASDAQ: YRCW) midquarter report. In a press release issued after the market closed on Wednesday, the company reported that tonnage declines actually accelerated during the quarter, down 6.4% in August, following a 4.3% decline in July.

The report was worse than the updates from competitors Old Dominion Freight Line (NASDAQ: ODFL) and SAIA (NASDAQ: SAIA), which reported...

https://s29755.pcdn.co/news/yrc-mid-quarter-update-bucks-improving-industry-trends

YRC ready to use ‘once-in-a-lifetime’ loan to replenish fleet

4 August 2020

More than once on its second-quarter financial call, less-than-truckload (LTL) carrier YRC Worldwide’s (NASDAQ: YRCW) management team used the words “once in a lifetime” to describe the opportunity afforded them through a controversial $700 million Treasury loan the company received in early July.

The excitement largely centered on Tranche B of the agreement granted under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act): a $400 million loan allowing it to refresh its rolling...

https://www.freightwaves.com/news/yrc-ready-to-use-once-in-a-lifetime-loan-to-replenish-fleet

YRC Q2 loss better than expected

3 August 2020

Less-than-truckload (LTL) carrier YRC Worldwide (NASDAQ: YRCW) reported a second-quarter loss of $37.1 million, or $1.09 per share, compared to consensus estimates ranging from a loss of $1.38 to a loss of $1.66 per share.

The company announced on July 1 that it had secured a $700 million two-tranche treasury loan under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), allowing it to repay delinquent health care payments and update aging equipment. In return, the government...

https://s29755.pcdn.co/news/yrc-q2-financials