Saia Inc Archives - Page 2 of 4 - Maritime Shipping News

Yellow Corp sees tonnage drop, yields surge in Q4

10 December 2021

Yellow sees yields jump more than 20% in Q4

Less-than-truckload carrier Yellow Corp announced negative tonnage trends for the first two months of the fourth quarter, but that’s largely by design. Tons per day fell by approximately 10% year-over-year in October and November, the company said in a Thursday press release issued after the market closed.

Compared to peers, some of which experienced double-digit gains, that’s quite a falloff. However, the disruption to Yellow’s (NASDAQ: YELL) volumes is expected to be short-lived.

Table: Company...

https://www.freightwaves.com/news/yellow-corp-sees-tonnage-drop-yields-surge-in-q4

Old Dominion’s Q4 update leads pack

7 December 2021

Old Dominion poised to outpace long-term margin goal in 2021

Old Dominion Freight Line saw a continuation of robust growth rates during November. The less-than-truckload carrier credited a strong economy and its efforts to win market share as the reasons.

Daily revenue increased 29.9% year-over-year in November as tons per day increased 11.5% and revenue per hundredweight, or yield, was up 16.6%. November results reflected a modest deceleration from the October comps (revenue +35.7%, tonnage +16.4%). Yields increased by the same amount in both months and...

https://www.freightwaves.com/news/old-dominions-q4-update-leads-pack

Q3’s strength carries into Q4, LTL carriers report

2 December 2021

A couple of less-than-truckload carriers reported Thursday a hot start to the fourth quarter has continued through November.

In a filing with the Securities and Exchange Commission, ArcBest (NASDAQ: ARCB) announced its asset-based unit, which includes LTL operations, saw revenue per day increase 24% year-over-year in November. That followed a 20% revenue increase in October. Tonnage was up 7% year-over-year in November (+1% in October) with revenue per hundredweight, or yield, up 16% (+18% in...

https://www.freightwaves.com/news/q3s-strength-carries-into-q4-ltl-carriers-report

Yellow’s tonnage trends lag peers again

10 September 2021

Yellow pushes yield initiatives amid hot LTL environment

Less-than-truckload carrier Yellow Corp. announced tonnage declines for the first two months of the third quarter. The company saw tonnage per day decline 5.7% year-over-year in July, accelerating to down 8.5% in August.

Yellow’s (NASDAQ: YELL) volume declines were up against easier comps (-4.3% in July 2020 and -6.4% in August 2020) than its peers faced. Results for the rest of the group were compared to smaller declines in July 2020 with modest increases in August 2020.

During the third...

https://www.freightwaves.com/news/yellows-tonnage-trends-lag-peers-again

ArcBest sees August tonnage dip in efforts to bolster LTL service

8 September 2021

Carriers still working to purge non-LTL freight from networks

Transportation and logistics provider ArcBest Corp. provided an update on August’s trends on Wednesday. The company’s asset-based segment, which includes less-than-truckload, saw tonnage decline 4% year-over-year during August, a turnaround from the 5% increase recorded during July.

The year-ago period (+3.7%) benefited from an unseasonal lift in the company’s moving and storage segment as well as more spot market shipments. ArcBest (NASDAQ: ARCB) is in the process of lowering its exposure to...

https://www.freightwaves.com/news/arcbest-sees-august-tonnage-dip-in-efforts-to-bolster-ltl-service

Old Dominion says share gains drive tonnage, revenue higher in Q3

7 September 2021

Old Dominion sees market share gains continue

Less-than-truckload carrier Old Dominion Freight Line announced Tuesday that volumes and yields grew at an accelerated clip during August.

The Thomasville, North Carolina-based carrier saw revenue increase 29.1% year-over-year during the month, following a 36.7% growth rate in July. Tonnage was up 18.6% year-over-year in July and 10.9% in August.

Through the first two months of the third quarter, revenue per hundredweight, or yield, was up 15.5% year-over-year, 9.9% higher excluding fuel...

https://www.freightwaves.com/news/old-dominion-says-share-gains-drive-tonnage-revenue-higher-in-q3

Saia’s momentum carries into 3rd quarter

3 September 2021

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

FedEx Freight customer dump shows LTL carriers in driver’s seat

17 June 2021

A white FedEx tractor trailer at a warehouse door.

Hundreds of shippers, including ones that supply big-box retailers like Home Depot and Lowe’s, are scrambling for transportation after FedEx Freight (NYSE: FDX) on Monday abruptly stopped truck pickups at many locations to help overwhelmed terminals restore productivity levels.

The snap decision to jettison thousands of customer sites from its network was an aggressive response to unprecedented volumes and capacity constraints, but FedEx is not alone among less-than-truckload companies in...

https://www.freightwaves.com/news/fedex-freight-customer-dump-shows-ltl-carriers-in-drivers-seat

Yellow sees Q2 trends accelerate, still lags peers

8 June 2021

Less-than-truckload carrier Yellow Corp. (NASDAQ: YELL) reported large year-over-year improvements in its operating metrics through the first two months of the second quarter Monday. However, the increases lagged those of some competitors.

Table: Company reports

Of the publicly traded LTL carriers that provide intraquarter updates, all have posted big year-over-year increases due to significant demand erosion tied to COVID lockdowns in the year-ago period.

Overland Park, Kansas-based Yellow...

https://www.freightwaves.com/news/yellow-sees-q2-trends-accelerate-still-lags-peers

Saia to add more than 500 drivers and 300 dockworkers

5 May 2021

Less-than-truckload carrier Saia (NASDAQ: SAIA) announced Tuesday it would be hiring more than 500 Class A CDL drivers and 300 dockworkers in the coming weeks. The company said the hiring blitz was in response to elevated demand and its expansion initiatives.

The recruitment campaign includes a $1,500 driver referral program, driver sign-on bonuses of $7,500 in some markets and a dock-to-driver training program with $5,000 in incentives.

“To meet demand and continue to offer customers the quality...

https://www.freightwaves.com/news/saia-to-add-more-than-500-drivers-and-300-dockworkers

+ More