Sumting Wong
TB Lurker
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LTL carriers see strong trends flow through second quarter
Less-than-truckload carriers ArcBest and Saia report continued strength in demand through the first two months of the second quarter.
www.freightwaves.com
ArcBest Corp. (NASDAQ: ARCB) reported a 40% year-over-year increase in revenue per day in its asset-based segment, which includes LTL operations, during May. The company previously disclosed that April revenue was up 47% year-over-year. Tonnage per day was up 29% in April and 21% in May with revenue per hundredweight, inclusive of fuel surcharges, up 15% and 16%, respectively.