Logistics is a relationship-based business. It is no surprise then that players across the industry pour into partnerships and place a premium on service. For carriers, this means living up to service agreements and delivering on key performance metrics. For shippers, it often means taking steps to become a “shipper of choice.” For brokers, excellence…
Among the highlights of second-quarter earnings at Saia (NASDAQ: SAIA) released early Friday morning were: The data on yield, generally seen as the most important metric for LTL carriers, was mixed. The revenue per hundredweight, which is the definition of yield, was $23.85 for the second quarter ended June 30. That was down 4.8% from…
Transportation and logistics provider ArcBest reported Friday that less-than-truckload shipments from core accounts have increased 10% in the past week. The company didn’t cite a potential shutdown at competitor Yellow Corp. (NASDAQ: YELL) as the reason but it did say it has renewed its focus on primary accounts, following a period in which it leaned…
After experiencing two years of record growth during the COVID-19 pandemic, Jacksonville, Florida-based Surge Transportation, a digital freight brokerage, sought to find a buyer and slashed its rates and workforce nearly a year before it filed for Chapter 11 bankruptcy protection on Monday. “In the first half of 2022, demand for excess motor carrier capacity…
Less-than-truckload carrier Yellow Corp. announced Thursday after the market closed that it was shopping its logistics unit, Yellow Logistics Inc. The unit, formerly known as HNRY Logistics, specializes in truckload, contract logistics and warehousing and distribution services. It manages operations out of six warehouses and reports results through an independent subsidiary of Yellow. Revenue for…