-
The Daily Dash: Good May For Old Dominion
Friday, June 4, 2021 - 10:55am | 484The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight a strong report for Old Dominion, an interesting sustainability study and more. The High Five 1. Old Dominion Freight Line reported Thursday that the high-demand environment continued...
-
Old Dominion Posts Best First Quarter Ever
Thursday, April 22, 2021 - 11:05am | 433Less-than-truckload carrier Old Dominion Freight Line (NASDAQ: ODFL) reported first-quarter earnings per share of $1.70, 12 cents better than the consensus estimate and significantly ahead of the year-ago result of $1.11. The Thomasville, North Carolina-based company reported a 14.1% year-over-...
-
Less-Than-Truckload Headwinds Continue, Old Dominion Sees Small Decline
Wednesday, March 4, 2020 - 3:39pm | 825In a March 4 press release, Old Dominion Freight Line (NASDAQ: ODFL) reported a small decline in revenue compared to the year-ago period. The less-than-truckload (LTL) carrier reported a 1% year-over-year decline in revenue per day for the month of February as daily LTL tonnage declined 5.2%,...
-
Old Dominion Posts Weak August Results; ArcBest Reports Sluggish July-August Numbers
Thursday, September 5, 2019 - 8:47am | 746Less than-truckload (LTL) carriers Old Dominion Freight Line, Inc. (Nasdaq: ODFL) and ArcBest Corp. (Nasdaq: ARCB), the latter of which generates a sizable portion of revenue from its non-asset-based business, posted weak results in their August and July-August time frames, respectively, as a...
-
Old Dominion Sees Continued Tonnage Weakness In July
Thursday, August 8, 2019 - 3:25pm | 540Old Dominion Freight Line Inc. (NASDAQ: ODFL) experienced more volume woes in July, a continuation of weaker demand seen by the less-than-truckload (LTL) carrier from second quarter 2019. In its August 7, 2019 post-market close 10-Q filing with the U.S. Securities and Exchange Commission, the...
-
Old Dominion's Yield Management Skills Face Headwind Of Weak Less-Than-Truckload Conditions
Thursday, July 25, 2019 - 4:53pm | 922Old Dominion Freight Line Inc.'s (NASDAQ: ODFL) yield management prowess, which helped the less-than-truckload (LTL) carrier blast through second quarter macroeconomic weakness and post record quarterly earnings per share, revenue and operating ratio, will be tested in coming months as flat-to-down...
-
Old Dominion Posts Record Quarterly Revenue, EPS And Operating Ratio Despite Weak Macro Conditions
Thursday, July 25, 2019 - 10:37am | 431Less-than-truckload (LTL) carrier Old Dominion Freight Line, Inc. (NASDAQ: ODFL) on Thursday posted record quarterly revenue, earnings per share and operating ratio in its second quarter despite year-on-year declines in tonnage, volume and average shipment weight, as its renowned yield management...
-
Old Dominion Report Sees An LTL Market That Is Slowing
Wednesday, June 5, 2019 - 2:18pm | 493LTL carriers Old Dominion Freight (NASDAQ: ODFL) and SAIA Inc. (NASDAQ: SAIA) released intra-quarter updates on tonnage and revenue, with Old Dominion's numbers reflecting slowing demand. Old Dominion, one of the largest LTL carriers in the trucking sector, reported a revenue per day increase of 4...
-
Old Dominion Raising Rates 4.9% On May 1
Tuesday, April 16, 2019 - 10:17am | 543Less-than-truckload (LTL) carrier Old Dominion Freight Line (NASDQ: ODFL) is putting through a 4.9 percent rate increase effective May 1. The rate increase will be implemented about 11 months after a general rate increase – also 4.9 percent – which went into effect June 4 of...
-
Citi Reiterates Positive Industry Outlook for LTL Carriers, Buy Ratings on Arkansas Best and Old Dominion
Tuesday, July 5, 2011 - 7:57am | 62Citi is reiterating its positive industry outlook for LTL carriers, with Buy ratings on Arkansas Best (NASDAQ: ABFS) and Old Dominion (NASDAQ: ODFL), as pricing couples with organic growth and market share gains to drive greater profitability. Arkansas Best closed Friday at $24.50; Old Dominion...
-
Deutsche Bank Raises PT On Old Dominion To $44
Thursday, April 28, 2011 - 7:30am | 27Deutsche Bank has raised the price target on Old Dominion (NASDAQ: ODFL) from $40 to $44 and maintains its Buy rating.
-
Piper Jaffray's Freight Update: Week 41
Friday, October 22, 2010 - 8:04am | 353Piper Jaffray has published a Freight Update report from week 41 on Intermodal Volume. In the report, Piper Jaffray writes "We believe broader Freight market fundamentals continue to improve thus far in 4Q10 albeit volume growth rates are moderating due to tougher comparisons and some market demand...