Latest News Updates From Connor D. Wolf

Saia's operating revenue increased 2.4% to $806.2 million from $787.6 million. The operating ratio ticked up, increasing 60 basis points to 91.7 from 91.1.

XPO’s North American LTL adjusted OR improved 200 basis points year over year to 83.9. Total revenue increased 7.3% to $2.1 billion from $1.95 billion.

Schneider CEO Mark Rourke expressed optimism that the freight upcycle has finally taken hold while reporting first-quarter results April 30.

The largest U.S. ports said rising supply chain uncertainty is affecting the flow of goods into the country, complicating forecasting and import comparisons.

Overall supply chain crime activity declined 5.3% to 767 total events. That marked a 12.2% decrease from the fourth quarter.

ACT Research reported that sales increased 10.2% to 24,900 units from 22,600 the prior year. Sales were also 9.8% above the 22,700 units in February.

Old Dominion Freight Line saw demand for its services improve during Q1 despite a year-over-year decline in revenue and earnings, the company reported April 29.

The Jacksonville, Fla.-based motor carrier posted net income of $39.4 million, or $1.16 a diluted share, for the three months ending March 31.

Werner Enterprises said its Q1 results reflected gains from strategic efforts to reposition operations, resulting in higher revenue and a narrowed net loss.

ArcBest posted an increase in first-quarter revenue despite freight market uncertainty, the company reported April 28.