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Dec 31, 2024
Old Dominion Q4 2024 Earnings Report
Old Dominion's financial performance for Q4 2024 reflected ongoing softness in the domestic economy, with revenue declining by 7.3% while maintaining market share and best-in-class service.
Key Takeaways
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%.
Revenue decreased by 7.3% due to softness in the domestic economy.
LTL tons per day decreased by 8.2%, reflecting declines in both shipments and weight per shipment.
Operating ratio increased by 410 basis points to 75.9%.
The company maintained a 99% on-time service performance and a cargo claims ratio below 0.1%.
Revenue by Segment
Forward Guidance
Old Dominion expects its aggregate capital expenditures for 2025 to total approximately $575 million, including planned expenditures of $300 million for real estate and service center expansion projects; $225 million for tractors and trailers; and $50 million for information technology and other assets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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