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How to Vet Carriers in the Current Environment
As of July 31, 2023, the third-largest U.S. LTL carrier, Yellow, shuttered its operations and filed for bankruptcy. The company reportedly faced relentless cost increases in nearly every category except fuel. At Old Dominion Freight Line (ODFL)–the nation’s 2nd-largest and most profitable LTL carrier– first-quarter tonnage per day dropped nearly 12% year over year in the first quarter. ODFL executives acknowledged on an earnings call that the freight bounce-back the carrier expected in the current quarter was illusionary. With the collapse of Yellow, many in the industry think this would be an excellent opportunity for smaller carriers to acquire new business. However, many of these smaller carriers already operate at 90% capacity. When you add 100% of Yellow’s freight to the marketplace, existing carriers can’t handle the additional work because it is too much freight to carry without buying new trucks and hiring new drivers. Larger carriers may have more spare capacity to absorb this freight, however. For more details please visit our website - https://www.grcviewpoint.com/how-to-vet-carriers-in-the-current-environment/
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Target State: New York Target City : New York City Last Update : Oct 16, 2025 5:38 AM Number of Views: 6	Item Owner : grcviewpoint Contact Email: Contact Phone: + 1 (307) 2432625

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USNetAds > Communities > News & Events > Item ID 132110129

2025-10-16 (0.570 sec)