Old Dominion Freight Line reported that its less-than-truckload revenue per day rose 12.4% year over year in August, driven by higher revenue per hundredweight despite a slight decline in tonnage. The company's LTL revenue per hundredweight increased 11.3% for the quarter to date, with fuel surcharges excluded, the gain was 4.8%. CEO Marty Freeman cited consistent demand and strong service as key factors. Old Dominion's stock has gained 19.6% year to date, and the company holds a Zacks Rank #2 (Buy).
Old Dominion Freight Line IncAugust LTL revenue per day up 12.4% on higher revenue per hundredweight, with CEO citing consistent demand
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