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OGDEN, Utah, June 16, 2026 (GLOBE NEWSWIRE) -- TAB Bank closed an $8 million working capital facility for Optimum Foods, a Veteran-Owned Small Business with primary operations in Texas that provides and distributes shelf-stable meal solutions nationwide through parcel, less-than-truckload (LTL), and full truckload shipping. The financing will support increased production capacity, inventory purchases, and working capital needs as Optimum Foods continues to expand its reach among nonprofit organizations, school districts, food banks, and community partners across the country.
Shares of major less-than-truckload (LTL) transportation companies fell on Wednesday. The decline came after Amazon unveiled a broader expansion of its freight business, raising concerns that the e-commerce giant could become a stronger competitor in the freight and logistics market.
Businesses of all sizes can now use Amazon's less-than-truckload (LTL) service to move freight into their own warehouses, between their own facilities, and to their retail partners and distributors.
Old Dominion Freight Line and FedEx Freight shares are falling Wednesday.
ODFL's May LTL revenue per day rose 12.3% as revenue per hundredweight climbed, though shipments and tons per day fell.
Knight-Swift is rated Hold despite a credible long-term LTL strategy and freight market recovery, as the current valuation fully prices in the recovery. Q1'26 results were heavily impacted by non-recurring items, but management guides for a sharp Q2 earnings rebound with adjusted EPS of $0.45–$0.49. The LTL segment buildout, leveraging Yellow terminal assets, is a multi-year value driver but still carries execution and legacy liability risks.
Overview of the Recent Transaction On March 31, 2026, Chuck Royce (Trades, Portfolio), a renowned figure in small-cap investing, executed a significant transact
FedEx (FDX, Financials) is pressing forward with plans to spin off its freight division. The standalone trucking business is aiming for a 12% operating margin a