Reported about 12 hours ago
Old Dominion Freight Line is prioritizing cost control and yield management as it faces a drop in tonnage, reporting a 9% year-over-year decline in tonnage alongside a 5% increase in yield. Despite a slight rise in shares, the company has experienced a 4% decrease in revenue compared to last year and anticipates continued challenges due to weak demand in key markets. Operating ratios have worsened, with projections indicating further deterioration in the fourth quarter due to ongoing tonnage trends.
Source: YAHOO