other material
confidence high
sentiment negative
materiality 0.65
Old Dominion November LTL revenue per day falls 8.2% YoY; volumes down 8%
OLD DOMINION FREIGHT LINE, INC.
- Revenue per day decreased 8.2% YoY; LTL tons per day down 8.0% in November 2024.
- LTL shipments per day fell 6.8%; LTL weight per shipment down 1.2% YoY.
- QTD LTL revenue per hundredweight, excl. fuel surcharges, increased 3.7% YoY.
- CEO cites continued soft domestic economy and lower fuel surcharge revenue as headwinds.