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0 -0.000662816021210048 -0.00284064009090046 -0.00482908815453074 -0.00579964018558846 -0.0151974244863176 -0.0112442003598144 -0.00781176024997635
Stock impact report

Old Dominion Posts Weak LTL Unit Performance for November [Yahoo! Finance]

Old Dominion Freight Line, Inc. (ODFL) 
Last old dominion freight line, inc. earnings: 4/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: odfl.com/financials
Company Research Source: Yahoo! Finance
Old Dominion's revenue per day fell 8.2% year over year in November 2024, owing to an 8% decrease in LTL tons per day and a slight decrease in LTL revenue per hundredweight. The decrease in LTL tons per day was due to a 6.8% decrease in LTL shipments per day and a 1.2% decrease in LTL weight per shipment. Quarter to date, Old Dominion's LTL revenue per hundredweight decreased 1.2%, and LTL revenue per hundredweight, excluding fuel surcharges, increased 3.7% year over year. Marty Freeman, president and chief executive officer at Old Dominion, stated, “Our revenue results for November reflect the continued softness in the domestic economy as well as the impact of lower fuel surcharge revenue on our yields. While our LTL volumes declined on a year-over-year basis in November, the improvement in our revenue per hundredweight, excluding fuel surcharges, demonstrates our continued commitment to yield management. We have achieved consistent, cost-based increases in our yield metrics, ex Show less Read more
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