less-than-truckload News Updates

Currently, Maersk operates 65 ground freight facilities in the U.S. The next terminals to open will be smaller than the Fontana site, the spokeswoman said.

Saia posted record quarterly revenue even as market challenges continued to weigh on earnings in the fourth quarter of 2025, the company reported Feb. 10.

CEO Mario Harik cites reduced damages and improved service quality that set company records in 2025 as a reflection of a commitment to enhanced customer experience.

The Jan. 27 four-part offering includes notes maturing in three to 10 years, Bloomberg reported. FedEx said in December 2024 it would separate its freight business as part of a broader effort.

Saia rebranded its LinkEx division as Saia Logistics in mid-January ahead of an expansion outside of the less-than-truckload carrier’s core operations.

Less-than-truckload carrier A. Duie Pyle continues to expand its core mid-Atlantic and Northeast geographical footprint, announcing plans for a service center in Suffolk, Va.

FedEx has filed to spin off its freight division into its own stand-alone business, the company announced Jan. 16. The separation is on schedule to be completed June 1.

One of the biggest reasons for settling the dispute, according to court records, is that continuing to explore legal avenues would take up more of the dwindling funds Yellow has available.

Hedge fund MFN and its affiliate objected to confirmation of the plan because they believe the unsecured creditors will have too much influence on where the funds are dispersed.

The company posted net income of $7.86 million, or 5 cents a diluted share, for the three months ended Sept. 30. That compared with $30.5 million, 19 cents, a year earlier.