Welcome to our dedicated page for Old Dominion Freight Line news (Ticker: ODFL), a resource for investors and traders seeking the latest updates and insights on Old Dominion Freight Line stock.
Old Dominion Freight Line (ODFL) delivers premium less-than-truckload (LTL) transportation and logistics solutions through its union-free network across North America. This news hub provides investors and industry professionals with essential updates about the company's operational developments, strategic initiatives, and market position.
Access centralized information on ODFL's financial announcements, service expansions, and infrastructure investments. The resource aggregates official press releases covering earnings disclosures, leadership changes, technology implementations, and partnership agreements within the freight transportation sector.
Key content categories include quarterly financial results, capacity expansion updates, operational efficiency metrics, and industry recognition announcements. Users will find verified information about ODFL's LTL service enhancements, supply chain management innovations, and network optimization strategies.
Bookmark this page for streamlined access to Old Dominion's latest developments. Check regularly for updates on how the company maintains its position as a leader in precision freight services through disciplined operations and customer-focused solutions.
Old Dominion Freight Line (ODFL) reported first quarter 2025 financial results, with earnings per diluted share of $1.19, down 11.2% from $1.34 in Q1 2024. Total revenue decreased 5.8% to $1.37 billion, while operating income declined 12.5% to $338.1 million.
The company's operating ratio increased by 190 basis points to 75.4%. LTL tons per day decreased 6.3%, reflecting a 5.0% decrease in shipments per day and a 1.4% decrease in weight per shipment. Despite challenges, the company maintained a 99% on-time service performance and cargo claims ratio below 0.1%.
During Q1 2025, ODFL returned capital to shareholders through $201.1 million in share repurchases and $59.5 million in cash dividends. The company revised its 2025 capital expenditure plan to approximately $450 million, a $125 million reduction from initial plans.
Old Dominion Freight Line (ODFL) has scheduled its first quarter 2025 financial results release before market opening on Wednesday, April 23, 2025. The company will host a conference call to discuss results and outlook at 10:00 a.m. Eastern Time on the same day.
Investors can access the live webcast at ir.odfl.com, with an online replay available at 1:00 p.m. ET for 30 days. A telephonic replay will be accessible through April 30, 2025, via 1-877-344-7529 (access code: 3942957).
Old Dominion operates as one of North America's largest LTL carriers, providing regional, inter-regional, and national services through an integrated, union-free network. The company offers expedited transportation, container drayage, truckload brokerage, and supply chain consulting services.
Old Dominion Freight Line (ODFL) reported a 5.0% decrease in revenue per day for February 2025 compared to February 2024. The decline was primarily due to a 7.1% decrease in LTL tons per day, partially offset by increased LTL revenue per hundredweight. The company experienced a 5.9% decrease in LTL shipments per day and a 1.3% decrease in LTL weight per shipment.
For the quarter-to-date period, LTL revenue per hundredweight increased 2.6%, while excluding fuel surcharges, it rose 4.3% compared to the previous year. CEO Marty Freeman noted that the revenue decline reflects ongoing softness in the domestic economy and lower fuel prices impacting yields. Despite these challenges, the company maintains a cautiously optimistic outlook and continues to focus on delivering superior service while maintaining capacity for growth.
Old Dominion Freight Line (ODFL) reported Q4 2024 financial results, showing a 7.3% decrease in total revenue to $1.39 billion and a 16.3% decline in diluted earnings per share to $1.23. The company's operating ratio increased by 410 basis points to 75.9%. LTL tons per day decreased by 8.2%, reflecting a 7.6% decrease in shipments per day and a 0.7% decrease in weight per shipment.
Despite market challenges, the company maintained a 99% on-time service performance and a cargo claims ratio below 0.1%. The Board declared a quarterly dividend increase of 7.7% to $0.28 per share. For 2025, ODFL plans capital expenditures of approximately $575 million, including $300 million for real estate expansion, $225 million for tractors and trailers, and $50 million for technology investments.
Old Dominion Freight Line (ODFL) has announced its plans to release fourth quarter and year-end 2024 financial results before trading opens on Wednesday, February 5, 2025. The company will host a conference call to discuss these results at 10:00 a.m. Eastern Time on the same day.
Investors and interested parties can access the live webcast of the quarterly conference call at ir.odfl.com. An online replay will be available from approximately 1:00 p.m. Eastern Time and remain accessible for 30 days. Additionally, a telephonic replay will be available through February 12, 2025, by calling 1-877-344-7529 with access code 3755692.
As one of North America's largest LTL carriers, Old Dominion provides regional, inter-regional, and national LTL services through an integrated, union-free organization. The company operates an extensive network of service centers across the continental United States and maintains strategic alliances for North American coverage. Their service portfolio includes expedited transportation, container drayage, truckload brokerage, and supply chain consulting.
Old Dominion Freight Line (ODFL) reported a 8.2% decrease in revenue per day for November 2024 compared to November 2023. This decline was driven by an 8.0% decrease in LTL tons per day, resulting from a 6.8% decrease in LTL shipments per day and a 1.2% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight decreased 1.2% year-over-year, while LTL revenue per hundredweight excluding fuel surcharges increased 3.7%. The company attributes these results to ongoing softness in the domestic economy and lower fuel surcharge revenue impacting yields.
Old Dominion Freight Line (ODFL) has announced a 4.9% general rate increase (GRI) effective December 2, 2024. The increase will apply to rates under ODFL 559, 670, and 550 tariffs. The GRI aims to offset rising costs in real estate, equipment, technology investments, and employee compensation. The company states this adjustment aligns with their yield management philosophy and will affect customers differently based on shipping lanes and distances, including nominal increases in minimum charges for intrastate, interstate, and cross-border lanes.
Old Dominion Freight Line (ODFL) reported Q3 2024 financial results showing a decline in performance. Total revenue decreased 3.0% to $1.47 billion, with LTL services revenue down 2.9%. Operating income fell 9.7% to $401.9 million, while net income decreased 9.1% to $308.6 million. Diluted earnings per share dropped 7.1% to $1.43. The company maintained strong service metrics with 99% on-time service and a 0.1% cargo claims ratio. The decline was attributed to ongoing economic softness and challenging operating conditions. Capital expenditures were $242.8 million for Q3, with expected 2024 total of $750 million.
Old Dominion Freight Line (Nasdaq: ODFL) has announced a quarterly cash dividend of $0.26 per share of common stock. The dividend will be payable on December 18, 2024, to shareholders of record at the close of business on December 4, 2024. This dividend payment represents a 30% increase compared to the quarterly cash dividend paid in December 2023, after accounting for the company's March 2024 two-for-one stock split. The announcement demonstrates Old Dominion's commitment to returning value to shareholders and reflects confidence in the company's financial performance.
Old Dominion Freight Line (Nasdaq: ODFL) has announced plans to release its third quarter 2024 financial results before trading opens on Wednesday, October 23, 2024. The company will host a conference call to discuss these results and its outlook at 10:00 a.m. Eastern Time on the same day.
A live webcast of the conference call will be available at ir.odfl.com, with an online replay accessible from approximately 1:00 p.m. Eastern Time and continuing for 30 days. Additionally, a telephonic replay will be available until October 30, 2024, at 1-877-344-7529, access code 4016991.
Old Dominion Freight Line is a leading North American LTL motor carrier, offering regional, inter-regional, and national LTL services through an integrated, union-free organization. The company provides expedited transportation and maintains strategic alliances for LTL services across North America. Old Dominion also offers value-added services including container drayage, truckload brokerage, and supply chain consulting.
