Old Dominion Q3 2021 Earnings Report
Key Takeaways
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%.
Revenue increased by 32.3% due to a strong domestic economy and high demand.
Operating ratio improved to a company record of 72.6%.
LTL revenue per hundredweight increased by 15.7%, and LTL tons increased by 13.7%.
Company is focused on investing in service center network, fleet, and new technologies to improve customer service and operating efficiencies.
Old Dominion
Old Dominion
Old Dominion Revenue by Segment
Forward Guidance
The company plans to continue investing in expanding its service center network and fleet, as well as in new technologies to improve customer service and drive operating efficiencies. They also plan to continue investing in their employees.
Positive Outlook
- Expanding service center network
- Investing in new fleet
- Investing in new technologies
- Improving customer service
- Driving operating efficiencies
Challenges Ahead
- Challenges associated with executing growth strategy
- Risks related to public health epidemics and pandemics
- Changes in relationships with significant customers
- Exposure to claims related to cargo loss and damage
- Availability and cost of new equipment
Revenue & Expenses
Visualization of income flow from segment revenue to net income