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Jun 30
Old Dominion Q2 2025 Earnings Report
Old Dominion reported lower earnings and revenue in Q2 2025 due to a continued soft freight environment.
Key Takeaways
Old Dominion Freight Line experienced a decline in revenue and net income in Q2 2025 as reduced LTL volumes and macroeconomic softness weighed on performance.
Total revenue for Q2 2025 decreased by 6.1% to $1.408 billion compared to the same period last year.
Diluted earnings per share for Q2 2025 were $1.27, a 14.2% decrease from $1.48 in Q2 2024.
LTL tons per day decreased by 9.3%, driven by a 7.3% decrease in LTL shipments per day and a 2.1% decrease in LTL weight per shipment.
The operating ratio increased by 270 basis points to 74.6% due to revenue deleveraging and increased overhead and direct operating costs.
Old Dominion
Old Dominion
Old Dominion Revenue by Segment
Revenue by Segment
LTL Services Revenue
CapyFin.comOther Services Revenue
CapyFin.com Forward Guidance
Old Dominion remains focused on long-term yield and efficiency while preparing to capitalize on future demand recovery.
Positive Outlook
- Maintained 99% on-time service level
- Strong yield discipline with revenue per CWT up
- Low cargo claims ratio of 0.1%
- Continued investment in infrastructure and technology
- Strong operating efficiency despite volume decline
Challenges Ahead
- LTL tons per day declined 9.3%
- Revenue fell due to volume softness
- EPS down due to operating leverage loss
- Higher health and dental plan costs
- Increase in operating ratio to 74.6%