Question-and-Answer Session
Operator
Thank you. (Operator Instructions). We will take our first question from Ed Wolfe with Wolfe Research.
Ed Wolfe - Wolfe Research, LLC
Good morning, guys.
David Congdon
Good morning.
Wes Frye
Good morning.
Ed Wolfe - Wolfe Research, LLC
You talked about raising the guidance, but, in actuality, since guidance went up $0.12 in the quarter on the strong beat, only raising the whole year $0.05 is reducing the back-end guidance. Can you talk to what your thoughts are in terms of being conservative versus what you are seeing out there in the marketplace?
Wes Frye
Well, we had a very good second quarter, but we are still cautious about the second half of the year not only in terms of pricing, but also in terms of the economic activity. And we just choose to be cautious in that venue.
Ed Wolfe - Wolfe Research, LLC
If you go through, Wes, kind of month-by-month, through even July, what were the tonnage trends like and what were the yield trends like net of fuell? And is there something there that is giving you a little bit of concern as you go out?
Wes Frye
Well, from a tonnage standpoint, each month sequentially was a little bit down. Of course, some of that was due to the fact that April started off with a bang, Ed, since it excluded a holiday. So the tonnage was up almost 13% in April, up almost 9.5% in May and up 9% in June. We started off July, again, in double digits. So it is starting off fairly strong from a pricing standpoint. We looked at pricing and we have had a focus on our yield, and from May to June we saw some slight improvements, especially on the contract side, but it's still very competitive out there, although, somewhat, as I mentioned in our comments, somewhat stable. We are not saying that the remainder of the year will get better or will get worse. We have kind of held the pricing sequentially throughout the remainder of the year relatively flat.
Ed Wolfe - Wolfe Research, LLC
How do we get to things that are improving a little bit throughout the quarter in pricing when year-over-year at a 11.44%, they are down, depending on how you look at?
Wes Frye
When you have got a 7% increase in weight per shipment, and you have got a 3% decline in length of overhaul, that has a fairly significant effect on your revenue per hundredweight.
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