Old Dominion Freight Slips in August

Old Dominion Freight Line (NASDAQ: ODFL) has reported certain less-than-truckload (“LTL”) operating metrics for August 2016.decreased 1.4% as compared to August 2015 due to a 1.5% decrease in LTL shipments per day and a 0.1% increase in LTL weight per shipment.

David S. Congdon, Vice Chairman and Chief Executive Officer of Old Dominion, commented, “The decline in Old Dominion’s LTL tons per day for August reflects an operating environment that continued to be challenging. The pricing environment has remained relatively stable, however, and quarter-to-date LTL revenue per hundredweight, excluding fuel surcharges, increased between 2.0% and 2.5% as compared to the same period last year. As a result, our quarter-to-date total revenue per day was slightly below the same period of 2015.”

Category: Featured