mid-quarter update Archives - Maritime Shipping News

LTL carriers see strong trends flow through second quarter

2 June 2021

Q2 comps surge on year-ago COVID lockdowns

A couple of less-than-truckload carriers provided updates through the first two months of the second quarter on Wednesday. The year-over-year advances were very large and reflected easy comparisons to 2020, which experienced a sharp falloff as parts of the economy were knocked offline amid expanding COVID-related shutdowns.

ArcBest Corp. (NASDAQ: ARCB) reported a 40% year-over-year increase in revenue per day in its asset-based segment, which includes LTL operations, during May. The company...

https://www.freightwaves.com/news/ltl-carriers-see-strong-trends-flow-through-second-quarter

Weather upends ArcBest’s quick start to 2021

2 March 2021

Logistics provider ArcBest Corp. (NASDAQ: ARCB) announced in its annual 10-k filing with the Securities and Exchange Commission that severe winter weather has impacted first-quarter results.

The company’s asset-based segment, which includes less-than-truckload operations, saw a strong start to 2021, with January revenue per day increasing 10.7% year-over-year as tonnage moved 6.6% higher. However, winter storms during February resulted in a reversal in tonnage trends.

Quarter-to-date through late...

https://s29755.pcdn.co/news/february-weather-reverses-arcbests-strong-january-tonnage-growth

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

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

ArcBest continues trend of positive mid-quarter reports

9 September 2020

The positive inflection in less-than-truckload (LTL) metrics during August continued with ArcBest Corp. (NASDAQ: ARCB). In a Wednesday filing, the carrier reported that total tonnage per day increased 3.5% compared to August 2019, with LTL tonnage increasing by a high single-digit percentage.

Last week, carriers Old Dominion Freight Line (NASDAQ: ODFL) and Saia (NASDAQ: SAIA) reported modest increases in tonnage on a year-over-year basis for the month, the first since COVID-19 brought large...

https://www.freightwaves.com/news/arcbest-continues-trend-of-positive-mid-quarter-reports

Less-than-truckload turning positive in August

3 September 2020

A couple of reports from less-than-truckload carriers show trends are beginning to turn positive on a year-over-year comparison.

Old Dominion Freight Line (NASDAQ: ODFL) reported a modest increase in revenue per day for the month of August. The Thomasville, North Carolina-based carrier said in a Thursday press release the metric was up 1.3% compared to August 2019. In its second-quarter filing, the company reported a 2.9% year-over-year revenue decline during July, following an 11.4% drop in...

https://s29755.pcdn.co/news/less-than-truckload-turning-positive-in-august