Old Dominion August Revenue Per Day Jumps 12.4% on Strong Pricing
ODFL sits 49% above its 52-week low of $126.01.
Summary
Old Dominion's August revenue per day rose 12.4% year-over-year, driven by higher LTL revenue per hundredweight that more than offset a 0.9% decline in LTL tons per day. This follows a strong Q2 where EPS hit a record $1.68 and revenue grew 10.4%, and an April update that showed a significant increase in revenue per day. The pricing strength suggests continued margin resilience even as tonnage softens slightly. The next earnings report will confirm whether this trend holds through the third quarter.
At the time of this announcement, ODFL was trading at $187.61 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $38.9B. The 52-week trading range was $126.01 to $252.03. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.