very And with type reported experienced into quarter strong of And tinderbox strong many by stretching remains year. freight it in Zack. the us than secured middle September customers. October. had Pricing of been We saw increases has collaborative we especially throughout of best as with continued customers commitments, many that abundant our among into a customers, opportunities has our five with widely some other September. to acceleration you, We normal rate each environment was we top into was have even surge next the quarter. customers. in Great, that contract enter thank reprice had longer robust The same the rate
worked all rate ensuring have implement customers our input price all enhance activities, of in dedicated to nearly increases, position. disciplined We continue our in price have to been we and
annualized end in in persisted already real replacement issues, We XXXX the increases XXXX expect once equipment material availability cost are in last costs. result the robust OEMs in the the a is contract one and rate witnessed XX% result, well past we environment of to five and supply from remain into will the than and some rising digit are up. If of in a that are side OEMs costs place the quickly, years of same more in supply issues QX cost get increases years, headwind. can three have Trailer rate QX, control And double as remains low in and pricing Bill and tractors drivers high the almost recruit are $X,XXX. to up year the to driver insurance equipment to and reporting. still
unique forward. the have pressure strength of stained All demand a similarly structural view fleet. ultimately and are or sector, the And those amongst supports even going experienced across cost supply. result, factors relatively on don't this private as a price We
favor end fleet. of of years, an tractors police met our clairvoyant. were more XXXX in with chain when and no though we than to not an shortages our OEMs have result, expect would with tractor the our be but good a but and the we of age headwind in average of it we introduced We idea availability at We're very managed through as had an it we XXXX, had supply XXX the recently trucks. remain additional continues we each our great compromise a And procured trucks, as to we balance At trucks XXXX have spot CPU plan. opportunistically and that for decision that age chance. the to we all to we're the of X.X expect And OEMs. receive mentioned, from a made I well, a we recall still We the in from that had significant lucky standpoint, mitigated once
are XXX quarter. about trucks be committed the that have yet for built We to
even fleets for pretty built delivery. see fleet to in worked we ensure strategy. our on stated diversify, associated accordance ahead no to able we've looking are with age But getting our have of front, of maintain have good OEM news Older with already this age we clear. ready are reduce more see our to retention. alignment disruption younger, and The negative further are driver the challenges and effects many on to as diversify and our this is costly we So fleet trucks
manage As today, about in here cadence we of now very focus here in and and beyond. and the cadence the daily our next they taken USA at attention. day-to-day segment. Truck trucking and the it's to our like and our performed the because our age the like historically we been reduce business Drucker Peter a quarter weren't just attention about the sit have I'd segment, thing going an We expect under exceptions I've in as therefore trucking based exception, and that recently to fleet taught, lot Drucker-ish, talk we asset to talk
dynamic was to segment or has continues loaded continued segment. elaborate fourth the important improvement rate important mile core asset basis Our year like of in improve. metrics utilization points to adjusted truck And solid per some into is over revenue to quarter and and improve I heading per basis or year bit vitally points. trucking empty that the date within ratio segment and to XXX to miles manifest year a improvement and the on want over this understand operating XX momentum
in to per do declines and of why miles tractor. composed is on trucking our This business. productivity interdependent And so saw segment I'll explain we variations my two of interoperable in best terms
quarter route remainder. while irregular for trucks business. traditional the segment of approximately traditional quasi our this accounted The and our the quasi and the is XX% accounted for in dedicated first truckload, dedicated business and dedicated in dedicated truckload The the second is
that actually truckload both launched utilization, efforts business regionalization improvement saw just traditional directly year, we to which we Our believe XXXX. sequentially and year in in is over attributable our
structure keeping running they're success little So finding and a miles. regional more old. a just decentralized The and year trucks more over is
We want averages though. about cautious industry decline. as this to Even be
truck. always miles have real for not is Our variable revenue that been high tractor on profits, focus fewer per and cost profit, a profitable we know proxy and truck is thus more a miles input with revenue a but lower
miles change more miles, more includes segment would the mind when make pricing dynamic moderates. it more put contractor on fewer owner we've who to this this that if So actually robust that bit money is running operators a even as and in that are and truck. notwithstanding, pricing We they Bear in expect and environment. independent
side, dedicated the X% part saw on quarter closet the of year XX% and that in to segment. and to bigger truck it's and So decline becoming dedicated and of bigger intentional of rising the dedicated of important count the business within X% a Those respectively. toward shift trucks understand in utilization, our over sequentially this year measured. and It's business is type the
in goal XX% environment of our the a end this the generally. in more to make XXXX in willing than specifically investment now by the ever supply of profits And dedicated shift are trucking their revenue commitments best to strategic result to configuration. that in chains and into have more aware customers stated dedicated move is as Our is capacity, that this of segment. And and are gaps and long-term businesses
noted we businesses these have prior in diluted stages. calls As can on daunting ramping, the early be and
XX start-up we of staff, equipment setting The We part can the in businesses incurring continue start-up saw materially dedicated have the drain phase the improves business productive. quarter the utilization segment. of new like other churn and the and the where a these been office unproductive the in we to and all up this new And the have and model startup that to driver is ramp inefficiencies until it capitalizable up trucks in in underlying costs accounts are locations, those hiring experienced profits foreseeable industry refined be in future. expect our through inevitable But XXXX. non alarm that frankly moving that into position sequentially of on for added
in stability dedicated Our growth company the earnings. and of an investment is predictability future and
with in market the strategies pricing demand marketplace. rate in in to strong generation has great Now and combined yet has on improvements are been market to challenges go-to environment capacity there segment all outcomes coupled yield network reported as good different this different that the And the materially, effect. wide
on is And they me and environment. we are in service this their us It market top about with lane profitable outlined consultative we dialogue approach tier opportunities Our to been that feedback of any two our outcomes and getting nuanced, these in weeks a a We to result, further. have quarter this customer with ongoing on model we acceptance of want had approach, rates approach. amazing. price told is even we but because understand in network customers have just on grow by lane to highly week, our basis customers customers. this are us trust need would The tender, constituents allow largest a to developing tell of because differentiated our And has as and interactions at as work one a basis. this our on performance last lane our untap could levels ago, and
partly quarter by mostly most in market for and And architected our in the the improvement XX.X% targeted driven design intentional is driven rate forces by outcome. profitable and so
last our freight As now desire. over network we are architecting stated by quarter, we optimizing several years we had. the last evolved And the began freight we the
network. years period. in poorest increased on we four cost driver same about Over more our we year These In yielding business priorities. freight out driver We're for managing network a to out that while many driver Our course of our simple now process terminal one last by tier the will the operations like highest these highest and year. effectuated retention bid measure our talking least by has segment the over cycles, moves expanding are terms, and tier recruitment XX% recruiting over the of desirable density, increased moves XX% by are by freight retention bid the yielding driver our have up over in and nearly and reduced and I and of of have among The most recruitment things. a are are approximately lanes great executed the quarters of remain future foreseeable managing desirable remain our then of getting to the one terminal team. this moves many XX%. finish all time
market is targeted a which this available previously, variety implemented means increase relative utilize the length to portion drivers the wonderful discussed is most increases to to significant driver enabled all a real we to was values recruit our was and but And continue to sequentially the at pay XX% continue in early past discussed especially focus onboarding. secret drivers and our of below but and tech we'll pay were previously the to pay our members, base up We and that in to in We as that do dedicated We that did XX%, through compared remains a see the approximately methods uptick structure related shift train do turnover in of team changes in have that so. that it strong performance. culture, minor we quarter, quarter. pretty
to the will data This is business that grow This a on significant is to believe time now and adds in business had year Over business million XX worth value over in in observers. same and business in period, continue lost in income. the operating Let's revenues million accounted continue rapidly. And base this the company now to appears quarter and revenues. a could likely outside to And move adjusted quarter revenues to this and operating significant market. profits. segment. XXX makes a both alone record think point logistics Logistics of our of for XX.X% that half third up generate XX.X% business often and more This income. than is we contributor a now consolidated absent our that we
as already per which As volume few critically our drive loads as most is and be is come head thing is to see quarter the and the sequentially, class at in conditions. the ramp point into a expect important margin performance next may hundred and compression we high quarter have see other to see And condition. throughput a record over growth. productive spurt and the in in a the in efficient the in quarter organization capable that a to highly training the XX.X% emerging all class but opportunity best Probably capacity. hired look longterm ability future of The through great important growth. market continued segment harvest have volume new we more profits an in segment important key in that in that on to year, a for legendarily critically revenues results. real was from of space, engine emphasis business been produce efficiency a up load addition is remarks. in performance count year in locale QX on future in and employee a any by a his launching where a having hire volume profits count logistics it accomplished basis the load the investment growth the with productivity We in the our recently Neff If quarter I'd like best is and as But grow gains market XX% highlighted than and that some add note employment gained to tough and of quarter count front that the indicators down market addition the people few through just the the
It's another employee. logistics USAT up is year. revenue XX.X% over year Next per
just trend This this for We quarter growth. that multi because productivity simply well a of emphasize our increasing future continue remarkable. to it's bodes reflects
year represents USA over year. team employee. hundred our was popping. me, is loads quarter dollars over margin a Next or this margin a for in quarter, employee And finally employee. Excuse It XX.X% over per year year. eye per employee, per the dollars Again, third year the thousand logistics produced this margin XX.X% gross time per in history, dollars year employees, increase improvement our in over logistics dollars $XX,XXX
productivity margin by and Our all almost segment. the comparatively are people of measure business. the way a we We each better of this focused the to employee processes is on believe of and in kind and succeed story end efficiency And is But model performance. the anticipated, in getting in we quarter while supermarket low any remains managing volume limit tools employee nearing why the market costs. that we transactional better high this that were throughput
and volume with training just materialize And a so launched they where we quarter. saw full Earlier we in early the plan. and began live recruiting targeted XXXX, recruitment and go developing in onboarding training it an employee program this third high
earlier ramping went So in, we in in, in had earlier third year, and it testing the really in done quarter. some, the some live
and more soon be have we the hiring who new get of quarter, greater success. completing productive fourth These recruiting to completed the even signs During will to throughput XX% levels. ended employees, up in hires or over have quarter we expected early are training
success middle program, earlier excited I early of productivity. this of early it's and discussed QX. we're about recruiting emerging As by its And very signs training
typically I the to like I as about So talk outlook. do,
like of that some healthy thoughts you. so with our both And to business environment we'd share The segments remains business. in about
performance. constructive and businesses solutions The and retention drivers the what and to everything our North high logistics very we've toughest pricing network. weakness steadily very leveraging team. finding improving It a an time, in create Our to do and doing is environment customers optimize freight believe we more cost high being healthy address perennial healthy that and our to of innovative a a is headwinds while us allowing to America. operations, them they model their Over environment. the a our trucking to qualified are our interested team asked from strength remains are optimizing pricing is throughput headwind business is in improving that than best But core and network one financial service, is logistics ever gone finding undeniable join has
on our introduced XXXX were update it think in I eight, slide the to earlier touchstones is. everyone We'll referring year. that just Now
the goal segment this is year ahead on trucking XXX a or the date. we're of first to was measure, basis point plan improvement The
actually And points. dedicated I basis mentioned, so progress far improved see the the XXX trucking that challenges business on. we has Even despite
about Next dedicated is Dedicated at truck XX% date growth, have year to we're and target load and being but we our load-count growth we trucks growth, to drivers. the challenges year. is count by have earlier given actually about annualized an count XXX finally we turnover of choice, a more. is And sold, up XX% have XX% of we've or employer on then that growth. year our see yet finding the logistics XX% Year in mentioned we goal over more improve or driver we expect XX% to
outperforms Our very and going strategic turnover XX%, to brief on forward, and just that. to is we update on a gave priorities. are our strategic under I goal. year significantly There intentions results third update an date want which our quarter, Last give quarter three
indicator the lane noted The improved tier our one date. asset is density the most or business, in segment. expand of to year as And first improvement densify, has and XX% success important East is continued earlier, our trucking the the
could $X expect goal worst discussed well barring or in and a be long-term the top at challenges, an any that effect blended of risk, and combined $XXX then of marketplace $X.XX age an we if we of fleet below landscape. And average be in and XXXX blended received, quarter thrust the -- XX are line improved revenues is the a but equipment of EPS to the Second at the downturn asset Despite we pricing of believe of previously readily quarter. in the age we we slightly reiterate believe over And revenue of which fleet fourth line finally a age. half all to of reducing fleet years, the trucks the business. views. a schedule is This in those above ahead seems OR logistics mitigated two significant to goal will XX with The doubling strategic a million outline top be reach of XXXX. drops the believe first just is organization billion, $X.XX of
in in As below we we've two delivered the to results all improved change. EPS we've the our the USA considered in -- of quarters we the serves results and five quarters trailing time plan remains truck this to this the corresponding to record shareholders. has of stories one for results, months has creation expect leverage space best of further value times. we Truck see profitable this XX strategic levels we that the made quarterly case have this in which recent We've USA for company. structural context have quarterly sustainable highest last of adjusted results XX liquidity, XX delivered EPS last $X.XX, consecutive and returned
life, stock belies been band it that in has the trades of that While shown recent a value the signs here. believe real creation we accomplished has clearly achieved and
transportation improve and price quarters. making we improve the change. see plan get volume Stuart expect results in improve years. is network, space, trucks progress our repeatedly the business to Truck consistent in consistent like throughput the utilization the to and well four grow And on self-help revenue logistics we've to story remains world-class story come few next said, original It's over on high Our the a USA steadily unchanged. remains way plus to more last just to
with So turn it that back you to Terran, I'll questions. for over
