Two of the largest publicly owned less-than-truckload carriers, Old Dominion Freight Line and ABF Freight System, reported stronger than expected freight demand in the early second quarter, echoing the mid-quarter report of truckload company Landstar System.
Old Dominion Freight Line
Old Dominion Freight Line
21 May 2015
Old Dominion Freight Line promoted veteran executive Greg C. Gantt to president, while David S. Congdon remains CEO and takes on added responsibilities as vice chairman of the company's board.
01 May 2015
Old Dominion Freight Line didn't brake for the general slowdown apparent in first-quarter U.S. GDP. The less-than-truckload carrier reinvested earnings in expansion.
08 Apr 2015
Trucking revenue has become increasingly concentrated, as the number of carriers with more than $1 billion in annual revenue more than doubled over the last decade. That's good for shippers, SJ Consulting Group says.
16 Mar 2015
Truck drivers at the Stockton, California terminal of FedEx Freight, the largest U.S. trucking company, voted to join the Teamsters union, making Stockton the fourth terminal to go union since the start of an organizing campaign last fall. However, six terminals have rejected the union, and the Teamsters have withdrawn six election petitions.
02 Mar 2015
Old Dominion Freight Line will keep its long-term expansion rolling this year, spending $463 million on terminals, tractors, technology and people.
15 Dec 2014
Encouraged by strong manufacturing activity and freight demand, less-than-truckload carriers are raising their non-contract and contract rates. Old Dominion Freight Line is the latest LTL carrier to issue an average general rate increase of 4.5 percent effective Jan. 5.
01 Dec 2014
Pricing power and advances in technology are spurring innovation in LTL pricing, encouraging carriers to test out dimensional-weight pricing and other alternatives to class-based tariff rates as they seek more dynamic, flexible pricing models.
13 Nov 2014
The third quarter was good to practically all the publicly owned U.S. trucking companies: none reported losses, and their combined revenue rose 10.7 percent to more than $10 billion, supported by a second quarter of stronger freight demand and economic growth.
10 Nov 2014
Banking on economic expansion and its own history, Old Dominion Freight Line plans to repurchase as much as $200 million of its own stock over the next two years.
30 Oct 2014
In an era when most companies seem intent on doing more with less, Old Dominion Freight Line is doing more with more. The fifth-largest U.S. less-than-truckload carrier hired 868 employees in the third quarter alone to keep pace with its rapidly expanding business.
27 Oct 2014
Strong industrial production and manufacturing output mean 'Happy Days' for LTL carriers, despite numerous challenges, the CEO of largest privately owned LTL carrier says.