other_material
confidence high
sentiment negative
materiality 0.55
Old Dominion Freight Line reports August LTL revenue per day down 4.8% YoY
OLD DOMINION FREIGHT LINE, INC.
- LTL tons per day fell 9.2% YoY; shipments per day down 8.2%, weight per shipment down 1.2%.
- LTL revenue per hundredweight increased 4.5% (ex-fuel +4.7%) for Q3-to-date vs prior year.
- CEO cites ongoing softness in domestic economy but highlights pricing gains and capacity for future growth.
item 7.01item 9.01