NasdaqGS:ODFLTransportation
Old Dominion Freight Line (ODFL) Is Up 7.7% After Pricing-Driven Revenue Growth Outpaces Falling Freight Volumes
In early June 2026, Old Dominion Freight Line reported that its May daily revenue rose 12.3% year over year, driven by higher less-than-truckload (LTL) revenue per hundredweight despite a 3.8% decline in LTL tons per day and a 5.3% drop in LTL shipments per day.
The company’s ability to grow revenue while hauling fewer tons, supported by a 15.6% quarter-to-date increase in LTL revenue per hundredweight, highlights pricing power and disciplined yield management in a softer freight...