Old Dominion reports May LTL revenue per day up 5.6% YoY; volumes and yield improve

OLD DOMINION FREIGHT LINE, INC.

Revenue per day increased 5.6% YoY in May 2024, driven by a 1.5% increase in LTL tons per day.
LTL shipments per day up 2.3% YoY, partially offset by a 0.7% decrease in weight per shipment.
Quarter-to-date LTL revenue per hundredweight up 4.2%; excluding fuel surcharges up 4.7%.
CEO Marty Freeman cites consistent cost-based pricing and a stable pricing environment.

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