19 days ago
Estes Express Lines is investing nearly $56 million to expand its cross-border and offshore freight network, including terminals, equipment and capacity serving Canada, Mexico, Alaska, Hawaii and Puerto Rico.
Alex Peebles, senior director of offshore and international at Estes, said the privately held, family-owned carrier is taking a longer view of the freight market rather than allowing current conditions to dictate its investment strategy.
"We're really looking at all of these investments from a long-term horizon and viewpoint perspective and one that's going to help accommodate growth and capacity into all the offshore international markets that we service," Peebles told FreightWaves.
Estes, which is celebrating its 95th anniversary this year, is North America's largest privately held less-than-truckload (LTL) freight transportation provider. The company operates a network of over 300 terminals and service centers across the U.S., Puerto Rico, Alaska, Hawaii with coverage extending to Canada, Mexico and the Caribbean
Peebles said the company's ownership structure gives it flexibility to move quickly when real estate and equipment opportunities arise.
#rico
Alex Peebles, senior director of offshore and international at Estes, said the privately held, family-owned carrier is taking a longer view of the freight market rather than allowing current conditions to dictate its investment strategy.
"We're really looking at all of these investments from a long-term horizon and viewpoint perspective and one that's going to help accommodate growth and capacity into all the offshore international markets that we service," Peebles told FreightWaves.
Estes, which is celebrating its 95th anniversary this year, is North America's largest privately held less-than-truckload (LTL) freight transportation provider. The company operates a network of over 300 terminals and service centers across the U.S., Puerto Rico, Alaska, Hawaii with coverage extending to Canada, Mexico and the Caribbean
Peebles said the company's ownership structure gives it flexibility to move quickly when real estate and equipment opportunities arise.
#rico
26 days ago
XPO, Inc. (NYSE:XPO) reported that preliminary August 2026 North American less-than-truckload, or LTL, tonnage per day increased 3.7% from a year earlier. Shipments per day rose 5.7%, while average weight per shipment declined 1.8%. Final July figures showed tonnage per day increasing 5.8%, shipments per day rising 5.9%, and weight per shipment slipping 0.2%.
The two months indicate stronger shipment activity, but August's wider gap between shipment and tonnage growth points to lighter freight. The investment question is whether XPO, Inc. (NYSE:XPO) can convert additional shipments into better network density and fixed-cost absorption without allowing extra handling costs to dilute margins.
Higher shipment counts can improve the utilization of routes, service centers, dock doors, and equipment. XPO, Inc. (NYSE:XPO) operates an ****** et-based North American LTL network that moves approximately 16 billion pounds of freight annually. More shipments moving through that infrastructure can spread terminal, technology, and equipment costs across a larger revenue base.
The second quarter provides evidence that XPO, Inc. (NYSE:XPO) has recently translated volume and pricing growth into stronger economics. North American LTL revenue increased 15.2% to $1.43 billion. Fuel-surcharge revenue accounted for part of that increase, rising to $314 million from $183 million. Separately, yield excluding fuel increased 4.4%, shipments per day rose 2.8%, and tonnage per day increased 1.0%.
XPO, Inc. (NYSE:XPO) reported a company-defined non-GAAP adjusted operating ratio of 79.9%, an improvement of 300 basis points. XPO, Inc. (NYSE:XPO) calculates adjusted operating ratio as one minus adjusted operating income divided by segment revenue, using unrounded amounts. Adjusted operating income removes amortization and restructuring costs and adjusts for gains on real estate transactions. XPO, Inc. (NYSE:XPO) also reported a damage claims ratio below 0.2%.
#adjusted #north #operating
The two months indicate stronger shipment activity, but August's wider gap between shipment and tonnage growth points to lighter freight. The investment question is whether XPO, Inc. (NYSE:XPO) can convert additional shipments into better network density and fixed-cost absorption without allowing extra handling costs to dilute margins.
Higher shipment counts can improve the utilization of routes, service centers, dock doors, and equipment. XPO, Inc. (NYSE:XPO) operates an ****** et-based North American LTL network that moves approximately 16 billion pounds of freight annually. More shipments moving through that infrastructure can spread terminal, technology, and equipment costs across a larger revenue base.
The second quarter provides evidence that XPO, Inc. (NYSE:XPO) has recently translated volume and pricing growth into stronger economics. North American LTL revenue increased 15.2% to $1.43 billion. Fuel-surcharge revenue accounted for part of that increase, rising to $314 million from $183 million. Separately, yield excluding fuel increased 4.4%, shipments per day rose 2.8%, and tonnage per day increased 1.0%.
XPO, Inc. (NYSE:XPO) reported a company-defined non-GAAP adjusted operating ratio of 79.9%, an improvement of 300 basis points. XPO, Inc. (NYSE:XPO) calculates adjusted operating ratio as one minus adjusted operating income divided by segment revenue, using unrounded amounts. Adjusted operating income removes amortization and restructuring costs and adjusts for gains on real estate transactions. XPO, Inc. (NYSE:XPO) also reported a damage claims ratio below 0.2%.
#adjusted #north #operating
1 month ago
Britain's Gemma Stevens won the Burghley Horse Trials for the first time on Sunday, the biggest victory of her career on her 31st attempt at five-star level.
The 41-year-old Olympian, riding Chilli Knight, cemented victory in executing a faultless showjumping round to finish on her dressage score of 29.6 - the only rider in the field to do so.
Compatriot Katie Magee finished second on Treworra, with USA's Caroline Pamukcu and HSH Blake in third.
"It's only taken me 25 years and finally I've managed to win a big B [Burghley or Badminton]. I couldn't be more proud," Stevens said.
Stevens, who first competed at the level in 2007, previously rode Chilli Knight's mother, King's Gem.
#burghley #level
The 41-year-old Olympian, riding Chilli Knight, cemented victory in executing a faultless showjumping round to finish on her dressage score of 29.6 - the only rider in the field to do so.
Compatriot Katie Magee finished second on Treworra, with USA's Caroline Pamukcu and HSH Blake in third.
"It's only taken me 25 years and finally I've managed to win a big B [Burghley or Badminton]. I couldn't be more proud," Stevens said.
Stevens, who first competed at the level in 2007, previously rode Chilli Knight's mother, King's Gem.
#burghley #level
1 month ago
The Sacramento Kings' interest in Jalen Duren isn't going away, even if the Pistons have basically shut the door on a sign-and-trade for now. On the latest episode of ESPN's The Hoop Collective, Anthony Slater said GM Scott Perry has Duren's name "with highlighter pen" as a possible target, while also noting that Sacramento could create max cap ***** e next summer if Duren takes his $9.6 million qualifying offer and becomes an unrestricted free agent in 2027. The Kings already met with Duren earlier in free agency, so this isn't just random trade-machine talk.
The problem is Detroit. The Kings would like to sign-and-trade for Duren with Domantas Sabonis going the other way, per Tim MacMahon, but "that's not happening," because the Pistons have made it clear they aren't interested in moving their 22-year-old All-NBA center. Detroit reportedly wants Duren closer to $35.0 million per season, while his camp is looking for more than $40.0 million, and the Pistons still "absolutely, positively, 100%" intend to keep him despite that gap in "nasty" negotiations.
So if the Kings really want Duren now instead of waiting another year, Sabonis alone clearly isn't getting it done. They would need to make the return much bigger, probably bring in more teams to solve the salary issues, and give Detroit enough immediate talent and draft capital to at least reconsider its current position. This four-team framework with the Bucks and Raptors does exactly that, while landing Sacramento the young center they clearly want to build around.
Milwaukee Bucks Receive: Jakob Poeltl, Duncan Robinson, Ron Holland, 2027 second-round pick via Pistons, 2029 first-round pick via Raptors
Sacramento Kings Receive: Jalen Duren
#sacramento #pistons
The problem is Detroit. The Kings would like to sign-and-trade for Duren with Domantas Sabonis going the other way, per Tim MacMahon, but "that's not happening," because the Pistons have made it clear they aren't interested in moving their 22-year-old All-NBA center. Detroit reportedly wants Duren closer to $35.0 million per season, while his camp is looking for more than $40.0 million, and the Pistons still "absolutely, positively, 100%" intend to keep him despite that gap in "nasty" negotiations.
So if the Kings really want Duren now instead of waiting another year, Sabonis alone clearly isn't getting it done. They would need to make the return much bigger, probably bring in more teams to solve the salary issues, and give Detroit enough immediate talent and draft capital to at least reconsider its current position. This four-team framework with the Bucks and Raptors does exactly that, while landing Sacramento the young center they clearly want to build around.
Milwaukee Bucks Receive: Jakob Poeltl, Duncan Robinson, Ron Holland, 2027 second-round pick via Pistons, 2029 first-round pick via Raptors
Sacramento Kings Receive: Jalen Duren
#sacramento #pistons
1 month ago
Cheapest freight isn't always best, especially when a late shipment can cost millions. ShipStation Global CEO Tom Madine breaks down why SMB shippers need parcel, LTL and truckload in one workflow, and why better freight decisions now matter more than just lower rates. From the merger that created ShipStation Global to adding more modes into the platform, this conversation gets into where shipping tech is heading, how data shapes carrier selection, and what smaller shippers actually need from logistics partners. #FreightTech #LTL #SupplyChain
ShipStation Global is formally launching its less-than-truckload product, marking the first tangible freight expansion since the merger of software provider Auctane, formerly the parent of the Stamps.com andShipStation,and WWEX Group, which previously housed freight brokerages like Worldwide Express. The company's CEO said the rollout represents the opening move in a broader strategy to let small and midsize shippers purchase and manage all transportation modes through a single platform.
"Today's the first day we've really launched the LTL product," said Tom Madine, CEO of ShipStation Global, noting the company plans to add truckload, final mile, and eventually ocean and forwarding capabilities after establishing its inland position.
The strategic rationale centers on eliminating the workflow gap that forced ShipStation users to leave the platform whenever they needed to move freight beyond parcel. Customer surveys repeatedly flagged the absence of additional modes as the top improvement request, he said. With LTL now integrated, shippers can manage inbound inventory movements alongside outbound parcel without switching systems.
"Cheapest is not always best…But at the same time, you don't want to overpay," Madine said, illustrating the point with a customer whose engine shipments carry multi-million-dollar consequences if delayed.
#madine #shippers #parcel #cheapest
ShipStation Global is formally launching its less-than-truckload product, marking the first tangible freight expansion since the merger of software provider Auctane, formerly the parent of the Stamps.com andShipStation,and WWEX Group, which previously housed freight brokerages like Worldwide Express. The company's CEO said the rollout represents the opening move in a broader strategy to let small and midsize shippers purchase and manage all transportation modes through a single platform.
"Today's the first day we've really launched the LTL product," said Tom Madine, CEO of ShipStation Global, noting the company plans to add truckload, final mile, and eventually ocean and forwarding capabilities after establishing its inland position.
The strategic rationale centers on eliminating the workflow gap that forced ShipStation users to leave the platform whenever they needed to move freight beyond parcel. Customer surveys repeatedly flagged the absence of additional modes as the top improvement request, he said. With LTL now integrated, shippers can manage inbound inventory movements alongside outbound parcel without switching systems.
"Cheapest is not always best…But at the same time, you don't want to overpay," Madine said, illustrating the point with a customer whose engine shipments carry multi-million-dollar consequences if delayed.
#madine #shippers #parcel #cheapest
1 month ago
Small and midsize shippers are often forced to stitch together various tools for parcel labels, freight quotes, tracking, and much more. The fragmentation gets more expensive as a business grows past pure e-commerce, since the moment a merchant needs to move inventory between warehouses or ship a pallet instead of a box, they're forced out of whatever platform runs their day-to-day shipping and into unfamiliar territory.
ShipStation Global CEO Tom Madine has built the company's post-merger strategy around closing that gap, knowing that the same merchants who came to the platform for parcel labels are increasingly buying freight, too, and would rather not leave the software to do it.
The LTL rollout is the first major product integration since Thoma Bravo acquired WWEX Group (parent of Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics) and merged it with Auctane, the parent company of ShipStation, this past June. The combination created ShipStation Global, a company now valued at roughly $12 billion. CEO Tom Madine described the logic of putting the two businesses together as less about scale for its own sake and more about closing a gap both companies kept running into with customers.
"If you think about an e-commerce merchant that's selling through multiple channels, using multiple carriers with inventory in multiple places, it makes that a much more seamless and stress-free process for them, and allows them to manage everything through a single pane of glass," Madine said of the legacy ShipStation product, before pointing to what it had been missing. "There's nothing else like it on the market."
According to Madine, that gap had shown up repeatedly in customer surveys. "One of the most common requests that ShipStation would get in the legacy Auctane world was, 'When are you going to add other modes to the platform?'" he said. "Prior to today, if you were a ShipStation user, you were managing your entire workflow in ShipStation, except when you needed to move freight." Merchants who needed to move inventory between warehouses had to leave the platform entirely, log into a separate freight system, and reconcile the two.
#freight #inventory #multiple #auctane
ShipStation Global CEO Tom Madine has built the company's post-merger strategy around closing that gap, knowing that the same merchants who came to the platform for parcel labels are increasingly buying freight, too, and would rather not leave the software to do it.
The LTL rollout is the first major product integration since Thoma Bravo acquired WWEX Group (parent of Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics) and merged it with Auctane, the parent company of ShipStation, this past June. The combination created ShipStation Global, a company now valued at roughly $12 billion. CEO Tom Madine described the logic of putting the two businesses together as less about scale for its own sake and more about closing a gap both companies kept running into with customers.
"If you think about an e-commerce merchant that's selling through multiple channels, using multiple carriers with inventory in multiple places, it makes that a much more seamless and stress-free process for them, and allows them to manage everything through a single pane of glass," Madine said of the legacy ShipStation product, before pointing to what it had been missing. "There's nothing else like it on the market."
According to Madine, that gap had shown up repeatedly in customer surveys. "One of the most common requests that ShipStation would get in the legacy Auctane world was, 'When are you going to add other modes to the platform?'" he said. "Prior to today, if you were a ShipStation user, you were managing your entire workflow in ShipStation, except when you needed to move freight." Merchants who needed to move inventory between warehouses had to leave the platform entirely, log into a separate freight system, and reconcile the two.
#freight #inventory #multiple #auctane
1 month ago
Less-than-truckload carrier Old Dominion Freight Line saw yield growth accelerate in August, but tonnage remained slightly negative, according to a Thursday update.
The Thomasville, North Carolina-based company's daily revenue increased 12.4% year over year in August, an improvement from the 8.2% y/y growth rate logged in July. However, diesel fuel prices increased 46% y/y in August compared with a 31% y/y increase in July. (Fuel was up 10% sequentially in August.)
Less-than-truckload fuel surcharge programs include a step function as diesel prices rise, typically resulting in better margins.
Old Dominion's (NASDAQ: ODFL) yield growth accelerated from July, both with and without fuel surcharges. August revenue per hundredweight (yield) was likely 13% higher y/y with fuel surcharges, and roughly 5.5% higher excluding fuel. The July growth rates were 9.3% and 4.2%, respectively. (Growth rates for the two months combined were 11.3% and 4.8%, respectively.) Higher shipment weights were a modest drag on the yield metrics in both months.
"Old Dominion produced solid revenue growth for July and August, with underlying demand trends remaining relatively consistent as the quarter has progressed," said Marty Freeman, president and CEO, in a news release. "In addition, the strength and consistency of our industry-leading service continue to support the ongoing improvement in our LTL revenue per hundredweight."
#revenue #higher
The Thomasville, North Carolina-based company's daily revenue increased 12.4% year over year in August, an improvement from the 8.2% y/y growth rate logged in July. However, diesel fuel prices increased 46% y/y in August compared with a 31% y/y increase in July. (Fuel was up 10% sequentially in August.)
Less-than-truckload fuel surcharge programs include a step function as diesel prices rise, typically resulting in better margins.
Old Dominion's (NASDAQ: ODFL) yield growth accelerated from July, both with and without fuel surcharges. August revenue per hundredweight (yield) was likely 13% higher y/y with fuel surcharges, and roughly 5.5% higher excluding fuel. The July growth rates were 9.3% and 4.2%, respectively. (Growth rates for the two months combined were 11.3% and 4.8%, respectively.) Higher shipment weights were a modest drag on the yield metrics in both months.
"Old Dominion produced solid revenue growth for July and August, with underlying demand trends remaining relatively consistent as the quarter has progressed," said Marty Freeman, president and CEO, in a news release. "In addition, the strength and consistency of our industry-leading service continue to support the ongoing improvement in our LTL revenue per hundredweight."
#revenue #higher
1 month ago
ShipStation, a provider of multicarrier parcel shipping software, is offering e-commerce sellers the ability to also select and coordinate with less-than-truckload operators at pre-negotiated rates in one integrated platform, bringing to life promised benefits from ownership's recent acquisition of freight brokerage Worldwide Express Group.
Few, if any, software-as-a-service companies that connect small-and-midsize merchants with parcel carriers offer a pallet-shipping solution.
"Most of those small companies don't have enough volumes to do full truckload so their first need after parcel shipping tends to be LTL, which creates this natural linkage between LTL freight brokerage and parcel," said Chris Wofford, the founder of Wofford Advisors LLC, a strategic advisory firm for the logistics sector.
In early June, private equity firm Thoma Bravo acquired WWEX Group and merged it with portfolio company Auctane, which provides shipping and fulfillment technology through brands like ShipStation, Stamps.com, Metapack and Packlink. The combined valuation of the companies is $12 billion.
WWEX Group companies include Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.
#group #Logistics
Few, if any, software-as-a-service companies that connect small-and-midsize merchants with parcel carriers offer a pallet-shipping solution.
"Most of those small companies don't have enough volumes to do full truckload so their first need after parcel shipping tends to be LTL, which creates this natural linkage between LTL freight brokerage and parcel," said Chris Wofford, the founder of Wofford Advisors LLC, a strategic advisory firm for the logistics sector.
In early June, private equity firm Thoma Bravo acquired WWEX Group and merged it with portfolio company Auctane, which provides shipping and fulfillment technology through brands like ShipStation, Stamps.com, Metapack and Packlink. The combined valuation of the companies is $12 billion.
WWEX Group companies include Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.
#group #Logistics
1 month ago
MD Sass, a boutique ****** et management firm, published its second-quarter investor update for its flagship, the "MD Sass Concentrated Value Strategy." The letter can be downloaded here. In the first half of 2026, AI infrastructure stocks led the market, with the Russell 1000 Value increasing by 16.3%, outpacing the S&P 500 (10.2%) and Russell 1000 Growth (5.3%). This growth was fueled by semiconductor, memory, and hardware companies benefiting from AI development, even though they are considered cyclical. These sectors, representing only 7.7% of the Russell 1000 Value at the start of the year, contributed nearly 70% of its returns. The portfolio gained 10.0% in the second quarter, net of fees, compared to 13.9% for the Russell 1000 Value Index. Year-to-date, the strategy returned 6.6%, net of fees, versus 16.3% for the Index. The portfolio faced challenges due to limited exposure to companies with the greatest upside from AI infrastructure investments. It also lacked exposure to the Energy sector, which returned about 20% in the first half amid geopolitical tensions with Iran that increased commodity prices, affecting performance. The firm recognizes the importance of adapting its strategies while maintaining core investment principles as it explores future opportunities in emerging technological themes. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, MD Sass Concentrated Value Strategy highlighted Knight-Swift Transportation Holdings Inc. (NYSE:KNX). Knight-Swift Transportation Holdings Inc. (NYSE:KNX) is a freight transportation services provider that operates through Truckload, Less-than-truckload (LTL), Logistics, and Intermodal segments. On August 28, 2026, Knight-Swift Transportation Holdings Inc. (NYSE:KNX) closed at $67.24 per share, reflecting a market capitalization of $10.94 billion. Knight-Swift Transportation Holdings Inc. (NYSE:KNX) posted a one‑month return of ‑1.04%, while its shares gained 54.24% over the past 52 weeks.
MD Sass Concentrated Value Strategy stated the following regarding Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in its Q2 2026 investor letter:
"Knight-Swift Transportation Holdings Inc. (NYSE:KNX) operates the largest full-truckload fleet in North America and operates approximately 21,000 tractors across its irregular route and dedicated fleets. Excluding fuel surcharges and intersegment transactions, Truckload represents approximately 63% of revenue, less-than-truckload represents 19%, logistics 8%, and intermodal 5%.
Trucking is a cyclical, fragmented, and historically low-margin business, and for those reasons we have avoided it. So why own it now? We believe the industry is entering a rate cycle that is meaningfully different from the demand-driven cycles of the past. This cycle is being manufactured on the supply side through a combination of economic attrition, regulatory enforcement, and increased legal liability. Importantly
In its second-quarter 2026 investor letter, MD Sass Concentrated Value Strategy highlighted Knight-Swift Transportation Holdings Inc. (NYSE:KNX). Knight-Swift Transportation Holdings Inc. (NYSE:KNX) is a freight transportation services provider that operates through Truckload, Less-than-truckload (LTL), Logistics, and Intermodal segments. On August 28, 2026, Knight-Swift Transportation Holdings Inc. (NYSE:KNX) closed at $67.24 per share, reflecting a market capitalization of $10.94 billion. Knight-Swift Transportation Holdings Inc. (NYSE:KNX) posted a one‑month return of ‑1.04%, while its shares gained 54.24% over the past 52 weeks.
MD Sass Concentrated Value Strategy stated the following regarding Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in its Q2 2026 investor letter:
"Knight-Swift Transportation Holdings Inc. (NYSE:KNX) operates the largest full-truckload fleet in North America and operates approximately 21,000 tractors across its irregular route and dedicated fleets. Excluding fuel surcharges and intersegment transactions, Truckload represents approximately 63% of revenue, less-than-truckload represents 19%, logistics 8%, and intermodal 5%.
Trucking is a cyclical, fragmented, and historically low-margin business, and for those reasons we have avoided it. So why own it now? We believe the industry is entering a rate cycle that is meaningfully different from the demand-driven cycles of the past. This cycle is being manufactured on the supply side through a combination of economic attrition, regulatory enforcement, and increased legal liability. Importantly
1 month ago
ShipStation, a provider of multicarrier parcel shipping software, is offering e-commerce sellers the ability to also select and coordinate with less-than-truckload operators at pre-negotiated rates in one integrated platform, bringing to life promised benefits from ownership's recent acquisition of freight brokerage Worldwide Express Group.
Few, if any, software-as-a-service companies that connect small-and-midsize merchants with parcel carriers offer a pallet-shipping solution.
"Most of those small companies don't have enough volumes to do full truckload so their first need after parcel shipping tends to be LTL, which creates this natural linkage between LTL freight brokerage and parcel," said Chris Wofford, the founder of Wofford Advisors LLC, a strategic advisory firm for the logistics sector.
In early June, private equity firm Thoma Bravo acquired WWEX Group and merged it with portfolio company Auctane, which provides shipping and fulfillment technology through brands like ShipStation, Stamps.com, Metapack and Packlink. The combined valuation of the companies is $12 billion.
WWEX Group companies include Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.
#parcel #Companies #wwex
Few, if any, software-as-a-service companies that connect small-and-midsize merchants with parcel carriers offer a pallet-shipping solution.
"Most of those small companies don't have enough volumes to do full truckload so their first need after parcel shipping tends to be LTL, which creates this natural linkage between LTL freight brokerage and parcel," said Chris Wofford, the founder of Wofford Advisors LLC, a strategic advisory firm for the logistics sector.
In early June, private equity firm Thoma Bravo acquired WWEX Group and merged it with portfolio company Auctane, which provides shipping and fulfillment technology through brands like ShipStation, Stamps.com, Metapack and Packlink. The combined valuation of the companies is $12 billion.
WWEX Group companies include Worldwide Express, GlobalTranz, Unishippers, JEAR Logistics and BLX Logistics.
#parcel #Companies #wwex
2 months ago
Premier League
Arsenal 3 - 0 Coventry City FT
Arsenal began their Premier League ***** le defence with a convincing victory against newly promoted Coventry City at Emirates Stadium.
Mikel Arteta ended the club's 22-year wait for a league ***** le last season - and with a faultless display against Frank Lampard's Sky Blues in their opener, his team reminded the rest of the league why they are favourites to retain the crown.
First-half goals from Kai Havertz and Bukayo Saka put the reigning champions firmly in control, and captain Martin Odegaard added a third soon after the restart to seal a comfortable win on the opening day of the campaign.
#title #mikel
Arsenal 3 - 0 Coventry City FT
Arsenal began their Premier League ***** le defence with a convincing victory against newly promoted Coventry City at Emirates Stadium.
Mikel Arteta ended the club's 22-year wait for a league ***** le last season - and with a faultless display against Frank Lampard's Sky Blues in their opener, his team reminded the rest of the league why they are favourites to retain the crown.
First-half goals from Kai Havertz and Bukayo Saka put the reigning champions firmly in control, and captain Martin Odegaard added a third soon after the restart to seal a comfortable win on the opening day of the campaign.
#title #mikel
2 months ago
Atlanta Democratic Mayor Andre ******* ens drew criticism Thursday after telling constituent Jonathan Brimer to "shut up" when Brimer pressed the mayor on voter-approved transit and pedestrian-safety commitments.
The exchange began after ******* ens posted a video on his Instagram Friday showing his visit with Nature Gurlz, an Atlanta group that encourages Black women to spend time outdoors.
Brimer responded to the post by pressing the mayor on transportation priorities.
"Have some fun by restoring Peachtree St's pedestrian-centric design in downtown and by delivering what we voted for with extra sales taxes for MARTA by getting Beltline rail done," Brimer said.
Violent Transit Attacks In Atlanta, New York And Charlotte Fuel Calls For Tougher Tracking Of Repeat Offenders
#democratic
The exchange began after ******* ens posted a video on his Instagram Friday showing his visit with Nature Gurlz, an Atlanta group that encourages Black women to spend time outdoors.
Brimer responded to the post by pressing the mayor on transportation priorities.
"Have some fun by restoring Peachtree St's pedestrian-centric design in downtown and by delivering what we voted for with extra sales taxes for MARTA by getting Beltline rail done," Brimer said.
Violent Transit Attacks In Atlanta, New York And Charlotte Fuel Calls For Tougher Tracking Of Repeat Offenders
#democratic
2 months ago
With a market cap of $43.7 billion, Old Dominion Freight Line, Inc. (ODFL) is one of the largest North American LTL motor carriers, providing regional, inter-regional, and national LTL services through an extensive, union-free network across the continental United States. In addition to its core LTL services, the company offers expedited transportation, container drayage, truckload brokerage, and supply chain consulting through strategic alliances and an integrated service network.
Shares of the trucking firm have outpaced the broader market over the past 52 weeks. ODFL stock has gained 39.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.5%. Moreover, shares of the company have surged 34.8% on a YTD basis, compared to SPX's 13.6% rise.
CoreWeave vs Nebius: Both Companies Reported Strong Earnings, But Here's the Stock You Should Buy
A $210 Billion Reason to Buy AMD Stock Here
As Oracle Deepens Its Partnership with AWS, Here's How You Should Play ORCL Stock
#odfl #market #regional
Shares of the trucking firm have outpaced the broader market over the past 52 weeks. ODFL stock has gained 39.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 20.5%. Moreover, shares of the company have surged 34.8% on a YTD basis, compared to SPX's 13.6% rise.
CoreWeave vs Nebius: Both Companies Reported Strong Earnings, But Here's the Stock You Should Buy
A $210 Billion Reason to Buy AMD Stock Here
As Oracle Deepens Its Partnership with AWS, Here's How You Should Play ORCL Stock
#odfl #market #regional
2 months ago
SummaryView Transcript
Saia President and CEO, Fritz Holzgrefe, shares insights into the current LTL freight market, including customer sentiment and Saia's strategic network expansion. Discover how Saia's investment in new terminals and workforce is cutting transit times, offering unparalleled service, and driving growth in competitive markets across the U.S. Holzgrefe also discusses navigating inflationary costs and balancing wage increases while maintaining a focus on customer value. #LTL #FreightMarket #SupplyChain
Saia has opened 70 terminals since 2017 as part of a deliberate, multiyear organic expansion that CEO Fritz Holzreif says is still far from its full potential. Since 2023 alone, the carrier has added close to 40 new locations and replaced or relocated another 30 facilities — a pace of physical network transformation that Holzreif said no other LTL carrier has matched in the same period.
The buildout matters because it has unlocked transit lanes Saia could not previously offer. Customers can now ship freight from Trenton, N.J., to Texas markets in three days, Holzreif noted — a direct result of the denser footprint. "Customers are coming to us and say, 'Oh, fantastic, you can now get my freight from Trenton, New Jersey to Texas markets in 3 days,'" he said. "That's significant. We couldn't do that historically."
"We are early innings of tapping the full potential of this business," Holzreif said, adding that the roughly 40 facilities opened since 2023 have not yet reached the profitability or density levels the company believes they can achieve.
#saia #since #markets
Saia President and CEO, Fritz Holzgrefe, shares insights into the current LTL freight market, including customer sentiment and Saia's strategic network expansion. Discover how Saia's investment in new terminals and workforce is cutting transit times, offering unparalleled service, and driving growth in competitive markets across the U.S. Holzgrefe also discusses navigating inflationary costs and balancing wage increases while maintaining a focus on customer value. #LTL #FreightMarket #SupplyChain
Saia has opened 70 terminals since 2017 as part of a deliberate, multiyear organic expansion that CEO Fritz Holzreif says is still far from its full potential. Since 2023 alone, the carrier has added close to 40 new locations and replaced or relocated another 30 facilities — a pace of physical network transformation that Holzreif said no other LTL carrier has matched in the same period.
The buildout matters because it has unlocked transit lanes Saia could not previously offer. Customers can now ship freight from Trenton, N.J., to Texas markets in three days, Holzreif noted — a direct result of the denser footprint. "Customers are coming to us and say, 'Oh, fantastic, you can now get my freight from Trenton, New Jersey to Texas markets in 3 days,'" he said. "That's significant. We couldn't do that historically."
"We are early innings of tapping the full potential of this business," Holzreif said, adding that the roughly 40 facilities opened since 2023 have not yet reached the profitability or density levels the company believes they can achieve.
#saia #since #markets
2 months ago
Raptors attempted to trade $107M youngster for $186M center originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
The Toronto Raptors have been rather active throughout the NBA offseason, hoping to eventually complete a trade for Kawhi Leonard with the Los Angeles Clippers.
For the time being, that seems to be on standby, and it remains uncertain if it will be figured out in the near future.
Regardless, the Raptors have looked for other ways to improve on both sides of the basketball, and per the latest report, that even resulted in them floating RJ Barrett in a potential deal at last year's trade deadline with the Sacramento Kings for Domantas Sabonis.
"The Kings nearly traded Sabonis to the Toronto Raptors at the deadline in February -- a move he would've welcomed, a source with knowledge of the situation said -- for a package that included RJ Barrett, but the Raptors were unable to get off the three-year, $84 million remaining on Jakob Poeltl's contract, which doomed the deal," Anthony Slater wrote.
#deadline
The Toronto Raptors have been rather active throughout the NBA offseason, hoping to eventually complete a trade for Kawhi Leonard with the Los Angeles Clippers.
For the time being, that seems to be on standby, and it remains uncertain if it will be figured out in the near future.
Regardless, the Raptors have looked for other ways to improve on both sides of the basketball, and per the latest report, that even resulted in them floating RJ Barrett in a potential deal at last year's trade deadline with the Sacramento Kings for Domantas Sabonis.
"The Kings nearly traded Sabonis to the Toronto Raptors at the deadline in February -- a move he would've welcomed, a source with knowledge of the situation said -- for a package that included RJ Barrett, but the Raptors were unable to get off the three-year, $84 million remaining on Jakob Poeltl's contract, which doomed the deal," Anthony Slater wrote.
#deadline
2 months ago
The Kings nearly traded Domantas Sabonis to the Toronto Raptors at the deadline in February -- a move he would've welcomed, a source with knowledge of the situation said -- for a package that included RJ Barrett, but the Raptors were unable to get off the three-year, $84 million remaining on Jakob Poeltl's contract, which doomed the deal.
This article originally appeared on Hoops Hype: Kings nearly traded Domantas Sabonis to Raptors for package that included RJ Barrett
#package
This article originally appeared on Hoops Hype: Kings nearly traded Domantas Sabonis to Raptors for package that included RJ Barrett
#package
2 months ago
The Kings nearly traded Domantas Sabonis to the Toronto Raptors at the deadline in February -- a move he would've welcomed, a source with knowledge of the situation said -- for a package that included RJ Barrett, but the Raptors were unable to get off the three-year, $84 million remaining on Jakob Poeltl's contract, which doomed the deal.
ESPN
Sean Cunningham: Domantas Sabonis will be courtside in Vegas for today's Kings summer league game against the Wizards. — 7/12/2026 Twitter SeanCunningham
Meanwhile, Perry also is expecting Sabonis to play a big role in Sacramento's rebuild following a disappointing 22-60 record during the 2025-26 season, despite previous reports that the Kings were in trade talks with the Charlotte Hornets involving the three-time NBA All-Star center. "Come in and compete just like everybody else," Perry told reporters. "Obviously, he's an excellent player. He's done it for a while in this league. I've been in constant contact with him as well in the offseason. Just expect him to come in here healthy, first and foremost, and he's trending in that direction. "Obviously, he missed a lot of last year because he was not. He's always played hard, and so I expect him to do that. Provide some veteran presence for this team and really have a tremendous rebound year and help us build some winning habits here and start heading in the right direction." — 7/9/2026 NBC Sports Bay Area
#kings #sabonis #come #league
ESPN
Sean Cunningham: Domantas Sabonis will be courtside in Vegas for today's Kings summer league game against the Wizards. — 7/12/2026 Twitter SeanCunningham
Meanwhile, Perry also is expecting Sabonis to play a big role in Sacramento's rebuild following a disappointing 22-60 record during the 2025-26 season, despite previous reports that the Kings were in trade talks with the Charlotte Hornets involving the three-time NBA All-Star center. "Come in and compete just like everybody else," Perry told reporters. "Obviously, he's an excellent player. He's done it for a while in this league. I've been in constant contact with him as well in the offseason. Just expect him to come in here healthy, first and foremost, and he's trending in that direction. "Obviously, he missed a lot of last year because he was not. He's always played hard, and so I expect him to do that. Provide some veteran presence for this team and really have a tremendous rebound year and help us build some winning habits here and start heading in the right direction." — 7/9/2026 NBC Sports Bay Area
#kings #sabonis #come #league
2 months ago
By most financial measures, the second quarter at TFI International was strong.
Second quarter diluted earnings per share were up 41% to $1.65 from the corresponding quarter a year ago. EBITDA was up more than 11%.
But underneath that, and what came through in Monday evening's conference call with ****** ysts, is that the rise in profitability came from the Truckload operations at TFI, as well as its Logistics segment, while LTL, which provided 41% of the revenue, improved but not as much as Truckload.
The difference between the two at TFI (NYSE: TFII) was most stark in their respective EBITDA margins. It was 18% for LTL, and 24.1% for Truckload. (Logistics had a 16.3% EBITDA margin). In the first quarter, the respective numbers were 12.1% and 19.5%. While the percentage gain was more for LTL in the quarter, that measure of profitability continues to lag Truckload.
In one notable part of the conference call, CEO Alain Bedard and CFO David Saperstein talked about the differences in the markets for the two largest segments.
#profitability
Second quarter diluted earnings per share were up 41% to $1.65 from the corresponding quarter a year ago. EBITDA was up more than 11%.
But underneath that, and what came through in Monday evening's conference call with ****** ysts, is that the rise in profitability came from the Truckload operations at TFI, as well as its Logistics segment, while LTL, which provided 41% of the revenue, improved but not as much as Truckload.
The difference between the two at TFI (NYSE: TFII) was most stark in their respective EBITDA margins. It was 18% for LTL, and 24.1% for Truckload. (Logistics had a 16.3% EBITDA margin). In the first quarter, the respective numbers were 12.1% and 19.5%. While the percentage gain was more for LTL in the quarter, that measure of profitability continues to lag Truckload.
In one notable part of the conference call, CEO Alain Bedard and CFO David Saperstein talked about the differences in the markets for the two largest segments.
#profitability
3 months ago
Interested in Knight-Swift Transportation Holdings Inc.? Here are five stocks we like better.
Knight-Swift said the truckload market tightened sharply in Q2 2026, with spot rates, tender rejections and bid activity all improving. Management said the tighter environment was largely supply-driven, though demand signs are also starting to improve.
Second-quarter earnings improved meaningfully, with adjusted EPS rising 80% year over year to $0.63 and consolidated adjusted operating ratio improving 240 basis points to 91.4%. The company also guided Q3 adjusted EPS to $0.71 to $0.77, above Q2 results.
Truckload was the standout segment, benefiting from better pricing and network efficiency, while U.S. Xpress posted its first profitable quarter since acquisition. By contrast, Logistics was weaker and LTL was mixed, though both intermodal and LTL margins improved.
These 3 Stocks Just Got Upgraded—and Could Keep Climbing
#stocks #truckload #improved
Knight-Swift said the truckload market tightened sharply in Q2 2026, with spot rates, tender rejections and bid activity all improving. Management said the tighter environment was largely supply-driven, though demand signs are also starting to improve.
Second-quarter earnings improved meaningfully, with adjusted EPS rising 80% year over year to $0.63 and consolidated adjusted operating ratio improving 240 basis points to 91.4%. The company also guided Q3 adjusted EPS to $0.71 to $0.77, above Q2 results.
Truckload was the standout segment, benefiting from better pricing and network efficiency, while U.S. Xpress posted its first profitable quarter since acquisition. By contrast, Logistics was weaker and LTL was mixed, though both intermodal and LTL margins improved.
These 3 Stocks Just Got Upgraded—and Could Keep Climbing
#stocks #truckload #improved
3 months ago
Raptors trade idea keeps Kawhi Leonard in mind, but lands All-Star who is coming off career years originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
The Toronto Raptors are in one of the stranger situations in the NBA at the moment because of the whole Kawhi Leonard saga.
Unfortunately for the Raptors, until the Leonard situation gets resolved, there will be questions about whether they can realistically trade for him, or whether the deal will even go down as reported.
One way to fix some of these problems would be to go out and land other players. At the very least, the Raptors would know they have some other talent coming in. One trade idea was recently floated to bring back Norman Powell and Nic Claxton, two above-average players from the Chicago Bulls.
"Immanuel Quickley ($32.5 million) and Jakob Poeltl ($19.5 million) are both drawing above-value contracts for 2026-27," Alex Kirschenbaum wrote. "To get off Poeltl's money and return Powell to the Raptors, Quickley and Poeltl could be shipped out to Chicago in exchange for Powell and Claxton."
#claxton
The Toronto Raptors are in one of the stranger situations in the NBA at the moment because of the whole Kawhi Leonard saga.
Unfortunately for the Raptors, until the Leonard situation gets resolved, there will be questions about whether they can realistically trade for him, or whether the deal will even go down as reported.
One way to fix some of these problems would be to go out and land other players. At the very least, the Raptors would know they have some other talent coming in. One trade idea was recently floated to bring back Norman Powell and Nic Claxton, two above-average players from the Chicago Bulls.
"Immanuel Quickley ($32.5 million) and Jakob Poeltl ($19.5 million) are both drawing above-value contracts for 2026-27," Alex Kirschenbaum wrote. "To get off Poeltl's money and return Powell to the Raptors, Quickley and Poeltl could be shipped out to Chicago in exchange for Powell and Claxton."
#claxton
3 months ago
ArcBest announced a restructuring Thursday that will reduce its workforce by approximately 2%. It will also consolidate some less-than-truckload terminals, shedding roughly 1% of the doors from its network.
The Fort Smith, Arkansas-based transportation and logistics provider has over 14,000 employees.
"The reductions include employee separations, the elimination of certain open positions, and the non-replacement of certain positions vacated through retirements and other attrition," a filing with the Securities and Exchange Commission said.
Its LTL business, ABF Freight, operates approximately 240 terminals with 9,600 doors. The filing said it would close 10 locations in small markets. The affected operations will be rolled into other nearby service centers. This change of operations has to be approved by the Teamsters per the National Master Freight Agreement.
ArcBest (NASDAQ: ARCB) also said it is placing the MoLo Solutions, Panther Premium Logistics and ArcBest Technologies brands under the ArcBest banner. The company will retire the MoLo (truckload brokerage) and Panther (ground expedite services) brands.
The Fort Smith, Arkansas-based transportation and logistics provider has over 14,000 employees.
"The reductions include employee separations, the elimination of certain open positions, and the non-replacement of certain positions vacated through retirements and other attrition," a filing with the Securities and Exchange Commission said.
Its LTL business, ABF Freight, operates approximately 240 terminals with 9,600 doors. The filing said it would close 10 locations in small markets. The affected operations will be rolled into other nearby service centers. This change of operations has to be approved by the Teamsters per the National Master Freight Agreement.
ArcBest (NASDAQ: ARCB) also said it is placing the MoLo Solutions, Panther Premium Logistics and ArcBest Technologies brands under the ArcBest banner. The company will retire the MoLo (truckload brokerage) and Panther (ground expedite services) brands.
3 months ago
Poeltl has also most commonly been packaged with his teammate RJ Barrett in outgoing deals, as Toronto fans have used their combined 2026-27 salary of $49.1 million to go star-hunting in our trade machine. Overall, 84.4 percent of theoretical Poeltl trades in our trade machine have included Barrett.
HoopsHype
This article originally appeared on Hoops Hype: Overall, 84.4 percent of theoretical Poeltl trades in …
HoopsHype
This article originally appeared on Hoops Hype: Overall, 84.4 percent of theoretical Poeltl trades in …
3 months ago
Germany's biggest World Cup shocks: Where early exit to Paraguay ranks among most disappointing results originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
Germany is undoubtedly one of the most decorated sides in World Cup history. Its history in the competition is anything but faultless, however.
The four-time World Cup winners have authored up a fair few stinkers across their 21 appearances in football's most famous competition. Some have come in the group stage, preventing Die Mannschaft from advancing to the knockout stage. Others have seen German sides seemingly capable of advancing to the latter stages of the tourney knocked out prematurely.
With that, here's a look at Germany's biggest World Cup shocks — a list that got that much larger with the Germans' stunning defeat to Paraguay in the Round of 32.
2026 WORLD CUP HQ:Latest World Cup news | Full World Cup schedule | Buy World Cup tickets
Germany is undoubtedly one of the most decorated sides in World Cup history. Its history in the competition is anything but faultless, however.
The four-time World Cup winners have authored up a fair few stinkers across their 21 appearances in football's most famous competition. Some have come in the group stage, preventing Die Mannschaft from advancing to the knockout stage. Others have seen German sides seemingly capable of advancing to the latter stages of the tourney knocked out prematurely.
With that, here's a look at Germany's biggest World Cup shocks — a list that got that much larger with the Germans' stunning defeat to Paraguay in the Round of 32.
2026 WORLD CUP HQ:Latest World Cup news | Full World Cup schedule | Buy World Cup tickets
3 months ago
With a market cap of $24.8 billion, FedEx Freight Holding Company, Inc. (FDXF) is a leading less-than-truckload (LTL) carrier in the United States and a subsidiary of FedEx Corporation (FDX). The company specializes in transporting shipments that are too large for traditional parcel delivery but do not require a full truckload, serving businesses across North America.
FDXF is set to report its Q4 earnings on Thursday, June 25, after the market closes. Ahead of the event, **** ysts expect FDXF to report an EPS of $1.48 per share.
Ahead of Micron Earnings, Here's What Barchart Data Says Comes Next for MU Stock
Huge, Unusual In-the-Money Call Option Volume in Intel Stock Today Shows Investors Bullish
Stock Index Futures Plunge as Tech Selloff Rages On, U.S. PMI Data in Focus
FDXF is set to report its Q4 earnings on Thursday, June 25, after the market closes. Ahead of the event, **** ysts expect FDXF to report an EPS of $1.48 per share.
Ahead of Micron Earnings, Here's What Barchart Data Says Comes Next for MU Stock
Huge, Unusual In-the-Money Call Option Volume in Intel Stock Today Shows Investors Bullish
Stock Index Futures Plunge as Tech Selloff Rages On, U.S. PMI Data in Focus
4 months ago
Shares in Old Dominion Freight Line (NASDAQ: ODFL) declined by 11.9% last week after a downgrade from a Citi ****** yst. Even though the price rose to $228 from $225, the ****** yst downgraded the stock to sell from neutral.
The freight company is known for being a high-quality operator in the niche less-than-truckload (LTL) market in the U.S. The LTL market involves moving shipments that are too large for package delivery companies, such as UPS and FedEx, but too small to fill a trailer. It's a relatively complex operation as its trailers are often filled with shipments for multiple customers, implying sophisticated logistics and multiple network terminals.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That said, it's still a market whose end demand fluctuates with freight growth. The good news is there are signs that the market is set to turn up in 2026. As previously discussed, leading industry freight data has already turned positive month over month and is likely to deliver year-over-year growth in due course.
The issue, at least from the stock's perspective, is that much of the good news appears to be already priced into the sector, with Old Dominion's stock still up 41% so far this year. As such, the ****** yst's call appears to reflect a valuation matter rather than any view on market direction, not least because shipment data and manufacturing sentiment indices continue to show improvement.
The freight company is known for being a high-quality operator in the niche less-than-truckload (LTL) market in the U.S. The LTL market involves moving shipments that are too large for package delivery companies, such as UPS and FedEx, but too small to fill a trailer. It's a relatively complex operation as its trailers are often filled with shipments for multiple customers, implying sophisticated logistics and multiple network terminals.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That said, it's still a market whose end demand fluctuates with freight growth. The good news is there are signs that the market is set to turn up in 2026. As previously discussed, leading industry freight data has already turned positive month over month and is likely to deliver year-over-year growth in due course.
The issue, at least from the stock's perspective, is that much of the good news appears to be already priced into the sector, with Old Dominion's stock still up 41% so far this year. As such, the ****** yst's call appears to reflect a valuation matter rather than any view on market direction, not least because shipment data and manufacturing sentiment indices continue to show improvement.
4 months ago
Shares in Old Dominion Freight Line (NASDAQ: ODFL) declined by 11.9% last week after a downgrade from a Citi ***** yst. Even though the price rose to $228 from $225, the ***** yst downgraded the stock to sell from neutral.
The freight company is known for being a high-quality operator in the niche less-than-truckload (LTL) market in the U.S. The LTL market involves moving shipments that are too large for package delivery companies, such as UPS and FedEx, but too small to fill a trailer. It's a relatively complex operation as its trailers are often filled with shipments for multiple customers, implying sophisticated logistics and multiple network terminals.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That said, it's still a market whose end demand fluctuates with freight growth. The good news is there are signs that the market is set to turn up in 2026. As previously discussed, leading industry freight data has already turned positive month over month and is likely to deliver year-over-year growth in due course.
The issue, at least from the stock's perspective, is that much of the good news appears to be already priced into the sector, with Old Dominion's stock still up 41% so far this year. As such, the ***** yst's call appears to reflect a valuation matter rather than any view on market direction, not least because shipment data and manufacturing sentiment indices continue to show improvement.
The freight company is known for being a high-quality operator in the niche less-than-truckload (LTL) market in the U.S. The LTL market involves moving shipments that are too large for package delivery companies, such as UPS and FedEx, but too small to fill a trailer. It's a relatively complex operation as its trailers are often filled with shipments for multiple customers, implying sophisticated logistics and multiple network terminals.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
That said, it's still a market whose end demand fluctuates with freight growth. The good news is there are signs that the market is set to turn up in 2026. As previously discussed, leading industry freight data has already turned positive month over month and is likely to deliver year-over-year growth in due course.
The issue, at least from the stock's perspective, is that much of the good news appears to be already priced into the sector, with Old Dominion's stock still up 41% so far this year. As such, the ***** yst's call appears to reflect a valuation matter rather than any view on market direction, not least because shipment data and manufacturing sentiment indices continue to show improvement.
4 months ago
Bell Global Equities Fund, managed by Bell ******* et Management, released its latest investor update, available for download. March saw heightened volatility due to the Middle East conflict, with the MSCI World ex Australia Index falling 2.5% and the Bell Global Equities Fund (Wholesale class) declining 3.1%. The portfolio's underweight in Energy was the primary headwind to relative performance, compounded by poor stock selection in Communication Services, Health, and Energy. A tentative ceasefire in early April has helped stabilize sentiment and reverse some March declines. Future market trends depend on the ceasefire's durability and how ongoing energy supply disruptions affect inflation and growth through 2026. In addition, the ongoing AI disruption narrative is significantly influencing market behavior, causing indiscriminate selling across various sectors. The recent weakness appears to be sentiment-driven rather than fundamental deterioration, thus creating opportunities. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Bell Global Equities Fund highlighted stocks such as Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is a less-than-truckload motor carrier that provides regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. On June 5, 2026, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) closed at $242.57 per share. One-month return of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) was 50.44%, and its shares gained 53.36% over the past 52 weeks. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has a market capitalization of $50.45 billion.
Bell Global Equities Fund stated the following regarding Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in its Q1 2026 investor letter:
"Among other exits was the sale of Old Dominion Freight Line, Inc. (NASDAQ:ODFL), a leading US less-than-truckload (LTL) carrier. While we continue to see good scope for strong earnings growth in the coming years as earnings rebound from depressed levels, a strong rally in the share price and material valuation re-rating have largely priced this in. With the potential for macro disruptions related to the conflict in Iran, we felt the risk-reward profile was starting to skew to the downside and therefore exited the position."
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 51 hedge fund portfolios held Old Dominion Freight Line, Inc. (NASDAQ:ODFL) at the end of the first quarter, up from 48 in the previous quarter. While we acknowledge the potential of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit signi
In its first-quarter 2026 investor letter, Bell Global Equities Fund highlighted stocks such as Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is a less-than-truckload motor carrier that provides regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. On June 5, 2026, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) closed at $242.57 per share. One-month return of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) was 50.44%, and its shares gained 53.36% over the past 52 weeks. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has a market capitalization of $50.45 billion.
Bell Global Equities Fund stated the following regarding Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in its Q1 2026 investor letter:
"Among other exits was the sale of Old Dominion Freight Line, Inc. (NASDAQ:ODFL), a leading US less-than-truckload (LTL) carrier. While we continue to see good scope for strong earnings growth in the coming years as earnings rebound from depressed levels, a strong rally in the share price and material valuation re-rating have largely priced this in. With the potential for macro disruptions related to the conflict in Iran, we felt the risk-reward profile was starting to skew to the downside and therefore exited the position."
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 51 hedge fund portfolios held Old Dominion Freight Line, Inc. (NASDAQ:ODFL) at the end of the first quarter, up from 48 in the previous quarter. While we acknowledge the potential of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit signi
4 months ago
Bell Global Equities Fund, managed by Bell **** et Management, released its latest investor update, available for download. March saw heightened volatility due to the Middle East conflict, with the MSCI World ex Australia Index falling 2.5% and the Bell Global Equities Fund (Wholesale class) declining 3.1%. The portfolio’s underweight in Energy was the primary headwind to relative performance, compounded by poor stock selection in Communication Services, Health, and Energy. A tentative ceasefire in early April has helped stabilize sentiment and reverse some March declines. Future market trends depend on the ceasefire’s durability and how ongoing energy supply disruptions affect inflation and growth through 2026. In addition, the ongoing AI disruption narrative is significantly influencing market behavior, causing indiscriminate selling across various sectors. The recent weakness appears to be sentiment-driven rather than fundamental deterioration, thus creating opportunities. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Bell Global Equities Fund highlighted stocks such as Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is a less-than-truckload motor carrier that provides regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. On June 5, 2026, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) closed at $242.57 per share. One-month return of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) was 50.44%, and its shares gained 53.36% over the past 52 weeks. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has a market capitalization of $50.45 billion.
Bell Global Equities Fund stated the following regarding Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in its Q1 2026 investor letter:
"Among other exits was the sale of Old Dominion Freight Line, Inc. (NASDAQ:ODFL), a leading US less-than-truckload (LTL) carrier. While we continue to see good scope for strong earnings growth in the coming years as earnings rebound from depressed levels, a strong rally in the share price and material valuation re-rating have largely priced this in. With the potential for macro disruptions related to the conflict in Iran, we felt the risk-reward profile was starting to skew to the downside and therefore exited the position."
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 51 hedge fund portfolios held Old Dominion Freight Line, Inc. (NASDAQ:ODFL) at the end of the first quarter, up from 48 in the previous quarter. While we acknowledge the potential of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit signific
In its first-quarter 2026 investor letter, Bell Global Equities Fund highlighted stocks such as Old Dominion Freight Line, Inc. (NASDAQ:ODFL). Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is a less-than-truckload motor carrier that provides regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. On June 5, 2026, Old Dominion Freight Line, Inc. (NASDAQ:ODFL) closed at $242.57 per share. One-month return of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) was 50.44%, and its shares gained 53.36% over the past 52 weeks. Old Dominion Freight Line, Inc. (NASDAQ:ODFL) has a market capitalization of $50.45 billion.
Bell Global Equities Fund stated the following regarding Old Dominion Freight Line, Inc. (NASDAQ:ODFL) in its Q1 2026 investor letter:
"Among other exits was the sale of Old Dominion Freight Line, Inc. (NASDAQ:ODFL), a leading US less-than-truckload (LTL) carrier. While we continue to see good scope for strong earnings growth in the coming years as earnings rebound from depressed levels, a strong rally in the share price and material valuation re-rating have largely priced this in. With the potential for macro disruptions related to the conflict in Iran, we felt the risk-reward profile was starting to skew to the downside and therefore exited the position."
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 51 hedge fund portfolios held Old Dominion Freight Line, Inc. (NASDAQ:ODFL) at the end of the first quarter, up from 48 in the previous quarter. While we acknowledge the potential of Old Dominion Freight Line, Inc. (NASDAQ:ODFL) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit signific
4 months ago
By Satish Jindel
On Monday, FedEx Corp. spun-off its Freight division. What is left is the combined network of FedEx Express and FedEx Ground.
It’s an opportune time to remember that FedEx (NYSE: FDX) would be a distant third-place parcel carrier in the U.S. market without the acquisition of RPS as part of the $2.4 billion deal for Caliber System in 1998. And, were it not for RPS, FedEx likely wouldn’t have acquired Caliber and its regional less-than-truckload subsidiary, Viking Freight. FedEx wasn’t looking to get into the LTL ***** e, but had to buy Viking to get RPS.
FedEx founder Fred Smith liked the Viking acquisition so much that in 2001, he acquired American Freightways to be able to offer full coverage across the lower 48 states. And now, FedEx shareholders will receive one share of FedEx Freight (NYSE: FDXF) for every two shares they hold in the parcel delivery company.
At the time of the deal in 1998, RPS handled 1.3 million parcels per day while FedEx Express was delivering 3 million. Since then, the parcel industry has undergone enormous change.
On Monday, FedEx Corp. spun-off its Freight division. What is left is the combined network of FedEx Express and FedEx Ground.
It’s an opportune time to remember that FedEx (NYSE: FDX) would be a distant third-place parcel carrier in the U.S. market without the acquisition of RPS as part of the $2.4 billion deal for Caliber System in 1998. And, were it not for RPS, FedEx likely wouldn’t have acquired Caliber and its regional less-than-truckload subsidiary, Viking Freight. FedEx wasn’t looking to get into the LTL ***** e, but had to buy Viking to get RPS.
FedEx founder Fred Smith liked the Viking acquisition so much that in 2001, he acquired American Freightways to be able to offer full coverage across the lower 48 states. And now, FedEx shareholders will receive one share of FedEx Freight (NYSE: FDXF) for every two shares they hold in the parcel delivery company.
At the time of the deal in 1998, RPS handled 1.3 million parcels per day while FedEx Express was delivering 3 million. Since then, the parcel industry has undergone enormous change.
4 months ago
Saia reported a pickup in year-over-year tonnage growth in its May update issued Tuesday, though the improvement was measured against a softer prior-year result.
The Johns Creek, Georgia-based less-than-truckload carrier reported May tonnage growth of 8.4% y/y as shipments grew 3.7% and weight per shipment increased 4.5%. That compared to final results for April, showing a 6.9% tonnage increase as shipments and weight per shipment were up 5.6% and 1.3%, respectively. (April was up against a prior-year comp that was 480 basis points higher than May’s.)
Two-year-stacked comps show Saia’s (NASDAQ: SAIA) tonnage growth has slowed from a recent high of 15% in March to 8% in May. However, Saia’s prior-year comps range from mostly negative to slightly positive for the rest of the year.
Higher shipment weights are a sign of an improving LTL market, typically driving revenue per shipment and margins higher. Saia’s weight per shipment averaged 8% on a two-year-stacked comp in both April and May.
Manufacturing data released Monday showed industrial activity was positive for a fifth consecutive month in May. The Purchasing Managers’ Index registered a 54 reading for the month, which was 130 bps higher than April. (A reading above 50 signals expansion while one below 50 indicates contraction.) The May reading was the highest for the dataset in four years.
The Johns Creek, Georgia-based less-than-truckload carrier reported May tonnage growth of 8.4% y/y as shipments grew 3.7% and weight per shipment increased 4.5%. That compared to final results for April, showing a 6.9% tonnage increase as shipments and weight per shipment were up 5.6% and 1.3%, respectively. (April was up against a prior-year comp that was 480 basis points higher than May’s.)
Two-year-stacked comps show Saia’s (NASDAQ: SAIA) tonnage growth has slowed from a recent high of 15% in March to 8% in May. However, Saia’s prior-year comps range from mostly negative to slightly positive for the rest of the year.
Higher shipment weights are a sign of an improving LTL market, typically driving revenue per shipment and margins higher. Saia’s weight per shipment averaged 8% on a two-year-stacked comp in both April and May.
Manufacturing data released Monday showed industrial activity was positive for a fifth consecutive month in May. The Purchasing Managers’ Index registered a 54 reading for the month, which was 130 bps higher than April. (A reading above 50 signals expansion while one below 50 indicates contraction.) The May reading was the highest for the dataset in four years.
