Old Dominion LTL revenue per day down 1.4% in Aug 2023 vs Aug 2022

OLD DOMINION FREIGHT LINE, INC.

LTL tons per day decreased 6.0% in August 2023 year-over-year.
LTL shipments per day fell 1.2%; weight per shipment dropped 4.8%.
Quarter-to-date LTL rev per cwt up 1.8%; ex-fuel surcharges up 8.8%.
CEO cites soft domestic economy and freight mix change for tonnage decline.
Daily shipments rose to ~50k in Aug from ~47k after competitor ceased ops in July.

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