NasdaqGS:ODFLTransportation
Old Dominion Freight Line Balances May Revenue Strength With Softer Volumes
Old Dominion Freight Line (NasdaqGS:ODFL) reported a 12.3% year-over-year increase in May revenue per day.
Revenue per hundredweight rose, while shipment volumes declined for the month.
Management pointed to moderating declines in tonnage and signaled expectations for sequential margin improvement in Q2.
The company highlighted continued investment in its network, technology, and workforce to support long-term market share goals.
Old Dominion Freight Line focuses on less than truckload...