Old Dominion Freight Line Reports 2nd Q Revenue and Earnings Up
Old Dominion Freight Line, Inc. (NASDAQ: ODFL) has announced financial results for the three-month and six-month periods ended June 30, 2014, during which tevenue increased 19.1% to $703.0 million for the second quarter of 2014 from $590.3 million for the second quarter of 2013.
Net income grew 26.8% to $73.8 million for the second quarter of 2014 from $58.3 million for the second quarter of 2013. Earnings per diluted share increased 26.5% to $0.86 for the second quarter of 2014 from $0.68 for the prior-year period.
Old Dominion’s operating ratio improved to 82.5% for the second quarter of 2014 compared with 83.5% for the second quarter last year.
For the first six months of 2014, revenue was $1.32 billion, an increase of 17.2% from $1.13 billion for the comparable period in 2013. Net income increased 21.2% to $119.7 million for the first half of 2014 from $98.8 million for the first half of 2013.
Old Dominion Freight Line, Inc. is a leading, less-than-truckload (“LTL”), union-free motor carrier providing regional, inter-regional and national LTL service and other logistics services from a single integrated organization.
Category: Featured, General Update
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
