Two LTLs Report Tonnage Gains
The less-than-truckload carrier ABF Freight saw its August billed revenue per day increase by approximately 10% above last year's level, according to a disclosure it filed with the Securities and Exchange Commission.
The less-than-truckload carrier ABF Freight saw its August billed revenue per day increase by approximately 10% above last year's level, according to a disclosure it filed with the Securities and Exchange Commission on Thursday.
Also, total tonnage per day increased by approximately 6% above last year's level while total billed revenue per hundredweight increased by approximately 4%.
“[It] was impacted by freight mix changes related to increases in the amount of LTL shipments moving through the ABF Freight network and a reduction of truckload-rated tonnage associated with price increases implemented on spot business,” the company said.
Meantime, rival Saia announced it had a 7.6% increase in LTL tonnage per day in July 2014 compared to a year earlier. For the month of August, LTL tonnage per day increased 7.2% compared to August 2013.
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