other material
confidence high
sentiment neutral
materiality 0.55
Old Dominion Freight Line November revenue per day down 0.9% YoY; shipments per day up 0.6%
OLD DOMINION FREIGHT LINE, INC.
- Revenue per day fell 0.9% in November vs. 2022, driven by 2.3% decline in LTL tons per day.
- LTL shipments per day rose 0.6%, while weight per shipment dropped 2.9%.
- Quarter-to-date LTL revenue per hundredweight increased 3.1% (7.6% ex-fuel) year-over-year.
- CEO notes soft domestic economy but improvements in yield metrics and slight shipment growth.