Yellow Corp.’s collapse this summer sent freight rippling through the multi-billion-dollar LTL trucking sector.
The extra business buoyed competitors Old Dominion Freight Line, Saia, ABF Freight and XPO through an otherwise difficult freight environment in Q3, executives told investors in earnings calls. A cyberattack at Estes Express Lines also temporarily shifted freight in the quarter.
As customers of Yellow come to terms with the sticker shock of losing the low-priced shipping option, whether they have settled on their final carrier selection remains to be seen.
“We'll see how the opportunity unfolds over the next several months to a year,” Saia President and CEO Fritz Holzgrefe said on an earnings call.
We’ve rounded up some major publicly traded carriers’ key performance indicators and executive commentary to create a snapshot of how the freight frenzy played out.