Old Dominion Freight Line IncODFL
▲ PositiveDemandrelevance
August revenue per day up 12.4% on higher LTL revenue per hundredweight, indicating strong demand.
Impact on stocks 1
Industrials
Old Dominion Freight Line IncOld Dominion Freight Line shares rose 1.3% to $188.34 in premarket trading on Tuesday after the less-than-truckload carrier reported an increase in revenue per day for August. In an operating update filed with the SEC, the company said revenue per day increased 12.4% compared with August 2025, primarily reflecting an increase in LTL revenue per hundredweight. For the quarter to date, LTL revenue per hundredweight increased 11.3% year over year, and excluding fuel surcharges, it rose 4.8%. Chief Executive Marty Freeman described demand trends through July and August as relatively consistent, and noted the service centre network has capacity for additional volumes. The company recently declared a quarterly cash dividend of $0.29 per share, with an ex-dividend date of September 2. The premarket advance came as major U.S. indices traded lower, and shares remained below their 52-week high of $252.03.
Old Dominion Freight Line IncAugust revenue per day up 12.4% on higher LTL revenue per hundredweight, indicating strong demand.