Old Dominion Freight Lines (ODFL) added 60 new truck terminals to its network in the last 5 years, the latest being a 40 door terminal on 8 acres in Altoona, PA – the 215th terminal in its network. Old Dominion’s largest crossdock is located in nearby Harrisburg. Notably, next month…
The long-awaited trucking recovery has delivered for the transportation manufacturing sector. Truck orders for Class 8 trucks hit a 5 year high in March with net orders up almost 160% y/y. Truck maker Daimler’s (manufacturer of Freightliner trucks) Q1 sales rose over 25% and profit tripled. Volvo recently announced that…
YRCW announced that it has firmed up its restructuring plans, and investors ran for the doors. But the deal has some upside for the struggling LTL. YRCW, technically in default under its credit agreements, announced that it had fallen short of the goals it announced after it won additional concessions…
