Old Dominion Q2 2024 Earnings Report
Key Takeaways
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.
Revenue grew by 6.1% due to increases in LTL revenue per hundredweight and LTL tons per day.
Earnings per diluted share increased by 11.3% to $1.48.
Operating ratio improved by 40 basis points to 71.9%.
The company continues to execute its long-term strategic plan focused on superior service and fair pricing.
Old Dominion
Old Dominion
Old Dominion Revenue by Segment
Forward Guidance
Old Dominion expects to continue executing its long-term strategic plan, focusing on delivering superior service at a fair price to win market share and enhance shareholder value.
Revenue & Expenses
Visualization of income flow from segment revenue to net income