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The Phoenix-based truckload motor carrier posted net income of $34.2 million, or 21 cents a diluted share, for the three months ending June 30. That was 68.7% higher than last year.

Carriers across the various segments of the trucking industry navigated difficult business conditions in 2024 as freight market conditions remained unfavorable.

Estes Express Lines is boosting its terminal capacity as it incorporates assets acquired from bankrupt motor carrier Yellow, President and Chief Operating Officer Webb Estes said.

FitzMark expanded its footprint in the freight brokerage sector by acquiring High Point Logistics and Pentonix Freight.

Creditors of defunct trucking firm Yellow Corp. will submit their own plan in coming days on how to split up the company’s remaining $550 million of cash and end its bankruptcy case.

Goodyear has introduced the Cooper WORK Series Regional Haul All-position 2, a SmartWay-verified commercial truck tire designed for superregional and less-than-truckload fleets.

FTR expects contract truckload rates to increase 2.2% on a full-year basis in 2025, adding that by the end of 2025, contract rates will be rising 5% year on year.

A private equity vehicle led by Roadrunner Freight CEO Chris Jamroz bought a majority ownership stake in the less-than-truckload carrier from Elliott Investment Management.

The trucking industry continued to bounce along the bottom of the freight cycle with third-quarter earnings being generally weak, according to analysts.

Less-than-truckload shipping is used to transport freight that doesn’t require a full truckload trailer. In general, most LTL shipments weigh between 500 and 15,000 pounds, and are shipped on pallets and only require a portion of a trailer. Since LTL shipments don’t use an entire truck, free space on the truck is often shared by other shipments from other shippers or carriers.