Old Dominion Freight ( (ODFL) ) has issued an update.
On March 4, 2025, Old Dominion Freight Line reported a 5.0% decrease in revenue per day for February 2025 compared to the previous year, attributed to a 7.1% decline in LTL tons per day. This was partly offset by an increase in LTL revenue per hundredweight. The company cited continued softness in the domestic economy and lower fuel prices as factors affecting their yields. Despite the drop in revenue and volumes, demand for their services remains strong, and the company remains optimistic about future growth, focusing on delivering superior service and managing incremental growth effectively.
More about Old Dominion Freight
Old Dominion Freight Line, Inc. is one of the largest North American less-than-truckload (LTL) motor carriers, providing regional, inter-regional, and national LTL services through a single integrated, union-free organization. The company offers expedited transportation and a range of value-added services, including container drayage, truckload brokerage, and supply chain consulting, through an expansive network of service centers across the continental United States. It also maintains strategic alliances with other carriers to provide LTL services throughout North America.
YTD Price Performance: 0.44%
Average Trading Volume: 1,640,966
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $37.51B
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