other material
confidence high
sentiment negative
materiality 0.55
Old Dominion: August LTL revenue per day down 5.2%; shipments per day drop 5.0%
OLD DOMINION FREIGHT LINE, INC.
- Revenue per day decreased 5.2% YoY; LTL tons per day fell 6.1%.
- LTL shipments per day down 5.0%; weight per shipment down 1.1%.
- Quarter-to-date LTL rev per cwt up 3.0%; excl fuel surcharges up 4.9%.
- CEO says soft domestic economy and lower fuel surcharge drove results.
- Company reaffirms long-term strategy; no guidance change.