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The Greenwich, Conn.-based less-than-truckload carrier posted net income of $76 million, compared with $58 million during the same time the previous year.

Substantial change is expected in the U.S. less-than-truckload sector in 2025, according to market observers and executives, headed by the long-awaited freight market turnaround.

PepsiCo said Feb. 4 that high prices and changing consumer tastes have weakened U.S. demand for its snacks and drinks but it’s confident it can turn that around in the coming year.

Old Dominion Freight Line experienced a year-over-year decline in revenue during the fourth quarter due to its less-than-truckload operations moving fewer tons, the company said Feb. 5.

But the Charlotte, N.C.-based asset-light transportation provider posted a net loss of $20 million, or negative 12 cents a diluted share, for the three months ending Dec. 31.

Profit at Marten Transport more than halved in the fourth quarter of 2024 as ongoing weakness in the freight environment hurt revenue and margins.

Saia Inc. closed out 2024 with lower fourth-quarter earnings amid efforts to reinvest in the operations of the business, but it set a revenue record for the full year, the company said Feb. 3.

Cost growth outpaced sales wins due to inflation, particularly across the dairy and poultry sectors, and the carrier added that further price increases were on the way.

The Fort Smith, Ark.-based logistics company posted net income of $29 million, or $1.24 a diluted share, for the three months ending Dec. 31.

The company will raise hourly pay for employees at the top of its pay scale over the next three years, CEO Ron Vachris wrote in a memo to staff this week that was viewed by Bloomberg News.