24 annotations
We're used to seeing volumes increase sequentially about 7.5% from the first quarter to the second quarter, and we were up about 0.7%.
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2022 Q3
14 Nov 22
the 10-year average sequential change for these metrics includes an increase of 3.6% in revenue per day, an increase of 1.2% in tons per day and an increase of 2.4% in shipments per day
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2022 Q3
14 Nov 22
there's still a labor issue and supply chain issue that is impacting many customers today
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2022 Q3
14 Nov 22
it looks like March will be our busiest month in terms of just the average weight and shipments
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2022 Q3
14 Nov 22
Usually, September is our busiest month of the year
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2022 Q3
14 Nov 22
we continue to face issues in terms of getting parts. Many of our customers give us the same feedback that they don't have the right levels of the inventories in the right places.
So that creates freight demand. And we still look at an inventory to sales ratio that's lower than pre-pandemic levels.
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2022 Q3
14 Nov 22
flattish environment, if you will, from a volume standpoint all year
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2022 Q3
14 Nov 22
it went from 1,538 pounds up to 1,575 in 4Q and then increase further in the first quarter of this year to 1,589. And then since that point, it's been declining a bit
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2022 Q3
14 Nov 22
t decreased about 10 pounds from the second quarter to the third quarter. And right now in October, it's pretty much about the same as where we were right around 1,560 pounds
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2022 Q3
14 Nov 22
weight per shipment
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2022 Q3
14 Nov 22
We're not losing customers.
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2022 Q3
14 Nov 22
We're just not picking up as much freight for those same customers that we may be making stops every day at their locations.
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2022 Q3
14 Nov 22
Normally, overall, you've got a decrease on average for the fourth quarter versus the third. Last year, we did have an increase, which makes the comps quite a bit tougher in the fourth quarter
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2022 Q3
14 Nov 22
October, but we look like we are trending pretty much right in line with normal seasonality at this point
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2022 Q3
14 Nov 22
September, for example, that would normally be up sequentially about 4%, we were up about 0.5%.
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2022 Q3
14 Nov 22
salary wages and benefits are probably 65% of our total cost. And we did just give a wage increase at the 1st of September this year
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2022 Q3
14 Nov 22
but we started out with the decrease in July, which is pretty typical. We were down 4%. The 10-year average is down 3%. And then we dropped a little bit further in August, which is normally about flattish. And then we just didn't see the sizable increase that we typically do in September
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2022 Q3
14 Nov 22
Looking at things on a sequential basis for the tonnage, we did have in September about a 0.4% increase versus August. The 10-year average is a 3.9% increase.
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2022 Q3
14 Nov 22
September, looking at on a year-over-year basis, our tonnage was down 5.4% and then shipments, those were, let's see here, shipments per day were down 6.8%
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2022 Q3
14 Nov 22
LTL tons per day decreasing 4.3% and LTL shipments per day decreasing 3.6%.
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2022 Q3
14 Nov 22