Less-than-truckload (LTL) carriers maintained pricing discipline and focusing on their bottom lines in 2019, but the overall outlook for the sector in 2020 still depends largely on a flagging US manufacturing industry.
Old Dominion Freight Line
Old Dominion Freight Line
11 Dec 2019
The second-largest US LTL carrier has completed its AOBRD to ELD conversion, and now looks to expand the integration of its ELDs with other technologies, including geofencing.
04 Dec 2019
Less-than-truckload tonnage trends are still negative year over year in the fourth quarter, but they’re “stabilizing” at Old Dominion Freight Line, CEO Greg C. Gantt said Wednesday.
24 Oct 2019
The stress imposed on the trucking sector by slower US economic growth is likely to be apparent across the board in third-quarter motor carrier financial reports.
20 Sep 2019
The need for speed and distribution points closer to customers is fueling growth and demand for more capacity among LTL carriers, even in a softer overall freight market.
18 Sep 2019
When it comes to profitability, FedEx’s less-than-truckload arm outperformed its bigger, package-focused sister divisions, while gaining e-commerce business.
18 Sep 2019
The second-largest US less-than-truckload company will add or expand eight terminals in the second half of 2019 as the LTL sector takes a long-haul view of the economy.
07 Aug 2019
Tonnage and shipments are falling, but LTL carriers are piling up profits, thanks to a keen focus on the bottom line not noticeable 10 years ago.
25 Jul 2019
Old Dominion Freight Line demonstrates how trucking companies can prosper even in a “soft demand environment.” The key: Knowing your costs, and pricing accordingly.
01 Jul 2019
In a disaster-prone era, LTL carrier ODFL finds preparing for any event is better than reacting to one.
06 Jun 2019
Schneider and Landstar this week offered a tepid assessment of the truckload market in 2019 as spot rates continue to be down double digits from last year, while contract rates have turned negative, too. But there are positive signs in the data.
06 Jun 2019
Less-than-truckload volumes continue to decline, but revenue and pricing remain stable, says Old Dominion Freight Line president and CEO Greg C. Gantt.
25 Apr 2019
Some of the biggest trucking companies are riding the 2018 wave well into 2019, and they’re focused more on building profit than revenue as the US economy slows.
22 Apr 2019
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
05 Mar 2019
The second-largest US LTL carrier reported growth in shipments and revenue in the first quarter, albeit at lower rates than in 2018.
26 Feb 2019
Double-digit revenue increases may be more difficult to come by this year than in 2018, but profits and acquisitions are expected to fuel the fastest-growing truckload and LTL companies.
09 Nov 2018
Shippers search for alternate carriers as rank-and-file union members vote on ‘last, best’ offer from LTL carriers.
25 Oct 2018
Sequential volume gains may have slowed, but year-over-year shipment increases are still substantial for two of the largest US trucking companies.
11 Oct 2018
Storm damage reached from Florida into the Carolinas on Thursday and severed the I-10 east-west route. The likely outcome is higher costs and lengthy detours.
04 Oct 2018
The expansion is a bet on the continuing strength of the US economy — and Old Dominion has a record of success when it comes to matching demand and capacity with price and avoiding inefficiencies.
06 Sep 2018
Shipments, tonnage rose at a higher-than-typical rate this summer, putting Old Dominion Freight Line in the catbird seat heading into the peak autumn season.
13 Aug 2018
Shippers take note: concerning US less-than-truckload trucking companies’ pricing power in contract talks, it’s not the end. It’s not even the beginning of the end.
31 Jul 2018
The mode-shifting by shippers is not only caused by tight US truckload capacity, but also changing retail dynamics in the “Amazon Era.”
05 Jun 2018
US shippers may be concerned about the impact of trade wars and higher tariffs on their costs, but those jitters haven’t dented how much freight they actually ship. Initial reports from trucking companies such as Old Dominion Freight Line and economic indicators such as the Non-Manufacturing Index and Purchasing Managers' Index show the US economy is still rolling strong.
31 May 2018
Less-than-truckload carriers are in expansion mode as freight pours in from traditional and non-traditional sources. But will available industrial real estate limit their growth?
18 May 2018
Finding capacity for shippers and increasing Old Dominion’s less-than-truckload (LTL) market share to 15 percent are key goals for Greg C. Gantt, the company’s new CEO. The LTL trucking company is undergoing a management transition as it seeks to overtake larger rival, XPO Logistics.