Old Dominion Earnings Reports

Old Dominion's Q4 2024 revenue decreased by 7.3% due to an 8.2% decline in LTL tons per day. The operating ratio increased to 75.9%. Despite these challenges, the company maintained an on-time service performance of 99% and a cargo claims ratio below 0.1%.

Old Dominion Freight Line reported a decrease in revenue and earnings per share for Q3 2024 due to a challenging operating environment and strong comparable results from the previous year. Despite this, the company maintained consistency in market share and yield performance, supported by best-in-class service.

Old Dominion Freight Line reported a 6.1% increase in total revenue and an 11.3% increase in earnings per diluted share to $1.48 for the second quarter of 2024. The company's operating ratio improved to 71.9%, driven by quality revenue growth and operational efficiencies.

Old Dominion Freight Line reported solid financial results for Q1 2024, driven by its strategic plan focused on superior service and fair pricing. Revenue and earnings per diluted share increased despite continued softness in the domestic economy.

Old Dominion Freight Line reported a slight increase in fourth-quarter revenue and earnings per diluted share, marking the first year-over-year increase for the year. Revenue growth was primarily driven by a 3.0% increase in LTL revenue per hundredweight, offsetting a 2.0% decrease in LTL tons per day. The company's operating ratio increased to 71.8%, with notable increases in insurance and claims expenses.

Old Dominion Freight Line reported a decrease in revenue by 5.5% due to a 6.9% decrease in LTL tons per day, which was partially offset by a 3.1% increase in LTL revenue per hundredweight. The company's operating ratio increased by 150 basis points to 70.6%. Despite these challenges, LTL shipments per day increased, and the company maintained high on-time service performance.

Old Dominion Freight Line reported a decrease in total revenue by 15.2% due to a 14.1% decrease in LTL tons per day. Despite the revenue decline, the company managed to achieve a 72.3% operating ratio and earnings per diluted share of $2.65 through effective cost management and superior service delivery.

Old Dominion Freight Line reported a decrease in revenue and earnings per share for Q1 2023, driven by a decline in LTL tonnage. Despite the volume decrease, the company maintained market share and improved yield. The company expects its aggregate capital expenditures for 2023 to total approximately $700 million.

Old Dominion Freight Line reported a 5.8% increase in total revenue for Q4 2022, reaching $1.49 billion. The operating ratio improved to 71.2%, and diluted earnings per share rose to $2.92, a 21.2% increase year-over-year. The company's focus on service and pricing initiatives contributed to the strong results.

Old Dominion Freight Line reported a strong third quarter with a 14.5% increase in total revenue and a 31.7% increase in net income compared to the same period last year. The operating ratio improved to 69.1%, and earnings per diluted share rose by 36.0% to $3.36.

Old Dominion Freight Line reported record revenue and profitability for the second quarter of 2022. Revenue increased by 26.4% due to a rise in LTL revenue per hundredweight and LTL tons per day. The operating ratio improved to 69.5%, and earnings per diluted share increased by 42.9% to $3.30.

Old Dominion Freight Line reported a strong start to 2022, achieving record revenue and earnings per diluted share in the first quarter. The company's revenue increased by 32.9%, driven by a 17.4% increase in LTL revenue per hundredweight and a 12.0% increase in LTL tons per day. The operating ratio improved to a record 72.9% for the first quarter, reflecting improvements in freight density and yield.

Old Dominion Freight Line reported a strong fourth quarter with revenue growth primarily driven by a 16.1% increase in LTL revenue per hundredweight and a 14.3% increase in LTL tons per day. The operating ratio improved to 73.6%, and the company saw improvements in both direct operating costs and total overhead costs as a percentage of revenue.

Old Dominion Freight Line reported a significant increase in revenue and profitability for Q3 2021. The company achieved record revenue and profitability, driven by a 32.3% increase in total revenue and a company record operating ratio of 72.6%.

Old Dominion Freight Line reported record second-quarter results, including new company records for quarterly revenue, operating ratio, and earnings per diluted share. The company's revenue growth was driven by a significant increase in demand for its superior service, supported by investments in its service center network and a recovering domestic economy.

Old Dominion Freight Line reported a 14.1% increase in revenue, driven by an 8.3% increase in LTL tons and a 5.6% increase in LTL revenue per hundredweight. The operating ratio improved to a company record of 76.1%.

Old Dominion Freight Line reported a 6.4% increase in revenue and a 34.2% increase in earnings per diluted share for Q4 2020. The company's operating ratio improved to a record 76.3%. Revenue growth was driven by an improving economy and increased demand, with investments in service centers and equipment providing necessary network capacity.

Old Dominion Freight Line reported an increase in revenue and a company-record operating ratio, leading to a 24.8% increase in earnings per diluted share for Q3 2020. The company's financial results reflect the recovery in the domestic economy and the execution of its long-term strategic plan.

Old Dominion Freight Line reported a decrease in revenue and earnings per share for Q2 2020 due to the impact of the COVID-19 pandemic on the domestic economy. However, the company improved its operating ratio and maintained industry-leading service metrics.

Old Dominion Freight Line reported a slight decrease in revenue but improved its operating ratio by 60 basis points to 81.4%. Earnings per diluted share increased to $1.11. The company's performance was impacted by the COVID-19 pandemic in the latter half of March, leading to a decline in demand.

Old Dominion Freight Line reported a decrease in revenue for the second straight quarter due to a sluggish industrial economy. Despite a decline in LTL tons, the company saw an increase in LTL revenue per hundredweight. The operating ratio increased due to higher fringe benefit costs, including phantom stock expense.