Expansion and Network Optimization
The company's ramping markets improved their operating ratio by over 100 basis points compared to the second quarter and are now operating at a sub-95 OR. The expansion strategy is yielding tangible results with over 70% of volume growth in 1- and 2-day lanes.
Continued Focus on Cost Control
Sequential improvement in adjusted cost per shipment by 0.7% from the second quarter, driven by cost control efforts despite headwinds from increased insurance-related costs.
Record Low Cargo Claims Ratio
Achieved a cargo claims ratio of 0.54%, marking the fourth straight quarter of sub 0.6 ratio, a company record.