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-0.000327822788366942 -0.000327822788366942 -0.000468318269095651 -0.00206060038402097 -0.0013112911534679 -0.00215426403784015 -0.0051046691331429 -0.00650962394042985
Stock impact report

XPO, Old Dominion waiting for market turn [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
XPO and Old Dominion Freight Line are the latest to provide November results after updates from a pair of carriers sent shares for the group lower on Tuesday. XPO ( NYSE: XPO ) reported a 4% y/y decline in tonnage per day during November, which followed an 8% decline in October. October was up against a tough comp due to a cyberattack at Estes last year that briefly pushed volumes and rates higher throughout the industry. On its third-quarter call on Oct. 30, XPO said the Estes impact resulted in 1,000 additional shipments per day last year, creating a 2-percentage-point headwind in October 2024. The implication is that tonnage was likely off 6% y/y excluding the impact. The November tonnage result was the combination of a 4.2% y/y decline in shipments, which was partially offset by a 0.2% increase in weight per shipment. On a two-year-stacked comparison, XPO's tonnage was down 5.5% in October and 4.5% in November. It faces a tough December tonnage comp (up 3.6% y/y in Decembe Show less Read more
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