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 (NASDAQ: ODFL) will release its Q3 2021 financial results on October 27, 2021, before the market opens. A conference call to discuss these results will take place at 10:00 a.m. ET on the same day. Interested parties can access a live webcast of the call at www.odfl.com. An online replay will be available starting at 1:00 p.m. ET for 30 days. A telephonic replay will also be available until November 3, 2021.
Old Dominion Freight Line (NASDAQ: ODFL) reported strong performance metrics for August 2021. Revenue per day rose by 29.1% compared to August 2020, driven by a 10.9% increase in LTL tons per day. Additionally, LTL revenue per hundredweight grew by 15.5% year-over-year. However, the rise in daily volumes was tempered by challenges from COVID-19 and supply chain issues. The company plans to invest in safety initiatives for employees and expand its service capacity to support anticipated growth.
Old Dominion Freight Line (Nasdaq: ODFL) has expanded its service center network, opening six new and upgraded facilities since February 2021. The company now boasts 248 service centers, a 50% increase over the past decade, with $1.7 billion invested. Key facilities include a 20-door center in Benicia, a 55-door facility in Phoenixville, and a 103-door center in Kenosha, strategically placed to meet growing demand. Additional expansions in Colorado Springs, Milford, and Warren enhance operational capacity. Investments aim to address capacity challenges as the economy rebounds post-COVID-19.
Old Dominion Freight Line reported strong financial results for Q2 2021, achieving record revenue of $1.32 billion, a 47.2% increase from Q2 2020. Operating income grew by 83.8% to $366 million, resulting in a net income of $270 million and diluted earnings per share of $2.31, up 84.8%. The company improved its operating ratio to 72.3% from 77.8%. Old Dominion anticipates capital expenditures of approximately $605 million for 2021 and announced a new $2 billion share repurchase program to bolster shareholder returns.
Old Dominion Freight Line, Inc. (Nasdaq: ODFL) has declared a quarterly cash dividend of $0.20 per share, payable on September 15, 2021, with a record date of September 1, 2021. This reflects a substantial 33.3% increase from the prior year’s dividend. The company, a leading North American less-than-truckload (LTL) carrier, continues to navigate challenges linked to the COVID-19 pandemic, economic fluctuations, and operational demands while maintaining a focus on growth and customer satisfaction.
Old Dominion Freight Line (Nasdaq: ODFL) will release its Q2 2021 financial results before trading on July 28, 2021. A conference call discussing these results and the company's outlook will be held at 10:00 a.m. ET on the same day. The call will be available via a live webcast on www.odfl.com, with a replay accessible starting at 1:00 p.m. ET for 30 days. Old Dominion is a leading less-than-truckload (LTL) carrier in North America, offering a range of regional and national services.
Old Dominion Freight Line (Nasdaq: ODFL) reported significant growth in its less-than-truckload (LTL) metrics for May 2021. Revenue per day surged by 47.6% compared to May 2020, driven by a 28.3% rise in LTL tons per day, alongside higher revenue per hundredweight. The company saw a 32.6% increase in LTL shipments, despite a 3.2% dip in weight per shipment. Quarter-to-date figures reflect a 15.3% and 11.1% increase in LTL revenue per hundredweight and excluding fuel surcharges, respectively. The CEO noted enhanced demand and service expansion as key drivers of this performance.
Old Dominion Freight Line, Inc. (Nasdaq: ODFL) has declared a quarterly cash dividend of $0.20 per share, representing a 33.3% increase from June 2020. This dividend is payable on June 16, 2021, to shareholders of record as of June 2, 2021. The company outlines potential risks affecting future performance, including market competition, regulatory changes, and supply chain challenges, particularly amid ongoing impacts from the COVID-19 pandemic.
Old Dominion Freight Line reported strong financial results for Q1 2021, with total revenue of $1,126.5 million, a 14.1% increase from Q1 2020. LTL services revenue rose 13.9% to $1,109.6 million. Operating income surged 47.2% to $269.7 million, while net income grew 49.7% to $199.4 million. Diluted earnings per share increased by 53.2% to $1.70. The company added employees and anticipates continued growth, planning capital expenditures of $605 million for 2021, including $275 million for real estate expansion.
Old Dominion Freight Line (Nasdaq: ODFL) will release its first quarter 2021 financial results before market opening on April 22, 2021. A conference call to discuss these results and the company's outlook is scheduled for 10:00 a.m. (Eastern Time) on the same day. Interested parties can access the call through a live webcast at www.odfl.com, with a replay available afterwards for 30 days. Old Dominion is a major North American less-than-truckload (LTL) carrier, providing comprehensive LTL services across the U.S. and Canada.
