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Old Dominion Says Share Gains Drive Tonnage, Revenue Higher In Q3
Tuesday, September 7, 2021 - 3:55pm | 751Less-than-truckload carrier Old Dominion Freight Line announced Tuesday that volumes and yields grew at an accelerated clip during August. The Thomasville, North Carolina-based carrier saw revenue increase 29.1% year-over-year during the month, following a 36.7% growth rate in July. Tonnage was up...
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Relay Payments Plans To Raise $60M For Lumper Remittance Platform
Wednesday, July 28, 2021 - 2:30pm | 657After quietly raising $43 million over the last six months of 2020, Relay Payments is on its way to raising an additional round for its electronic payment platform. According to a filing with the U.S. Securities and Exchange Commission last week, the Atlanta-based company is looking to raise $60...
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Old Dominion Shatters Record With 72.3% Operating Ratio In Q2
Wednesday, July 28, 2021 - 10:41am | 588Can a sub-70% operating ratio be far behind? That's a question being asked after Old Dominion Freight Line Inc. (NASDAQ: ODFL) posted Wednesday morning an operating ratio of 72.3% in its second quarter. The eye-popping number, which was a quarterly record for the company, meant that the...
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Old Dominion Reports Strong Demand Continued Through May
Thursday, June 3, 2021 - 10:40am | 981Old Dominion Freight Line (NASDAQ: ODFL) reported Thursday that the high-demand environment continued through May. The less-than-truckload carrier said May revenue per day was up 47.6% year-over-year, which followed a more than 50% increase in April. The comparisons to the 2020 period benefited...
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Old Dominion Sets 4.9% General Rate Increase Effective March 2
Tuesday, February 18, 2020 - 10:04am | 641Old Dominion Freight Line (NASDAQ: ODFL) announced a 4.9% general rate increase (GRI) effective March 2. The less-than-truckload (LTL) carrier said the increase was intended to offset general cost inflation, specifically referencing the company's investment in facilities, equipment, technology and...
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Weak Industrial Economy Hurts Old Dominion's Q4 Numbers; EPS Beats Estimates
Thursday, February 6, 2020 - 12:27pm | 487Less-than-truckload (LTL) carrier Old Dominion Freight Line Inc. (NASDAQ: ODFL) reported across-the-board declines in its fourth-quarter financial and operating metrics, although its diluted earnings per share of $1.80 came in a bit above analysts' consensus estimates of $1.78. Thomasville, North...
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Saia Gains, Old Dominion Slips In Fourth-Quarter Updates
Wednesday, December 4, 2019 - 9:58am | 535Two leading less-than-truckload (LTL) carriers posted fourth-quarter operating data late on Dec. 4 — and one could be benefiting at the expense of the other. Saia Inc. (NASDAQ: SAIA) posted year-on-year shipment and tonnage gains in October and November. Meanwhile, Old Dominion Freight Line Inc. (...
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What Makes Old Dominion A Transportation Superstar?
Friday, November 22, 2019 - 11:29am | 220On this episode of Great Quarter, Guys, Seth Holm, Kevin Hill and special guests Peter Rentschler and JP Hampstead talk mega mergers in transportation and why Old Dominion (NASDAQ: ODFL) shareholders have knocked it out of the park. Plus, FedEx Corporation (NYSE: FDX) takes on The New York Times,...
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Old Dominion Revenue Drops For First Time In Three Years As Macro Weakness Bites
Thursday, October 24, 2019 - 12:07pm | 523Even the gold standard of less-than-truckload (LTL) carriers can't escape the effects of the freight downturn triggered by the weakness in the nation's industrial production. Old Dominion Freight Line, Inc. (NASDAQ: ODFL) reported October 24 diluted third-quarter earnings of $2.05, down 7 cents a...
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Old Dominion Beats Earnings On Lower OR, But No 2019 Revenue Guidance
Thursday, April 25, 2019 - 12:03pm | 782ODFL continues driving operational efficiency CEO Gantt guides 2019 capex down by $110 million to $480 million Old Dominion Freight Lines (NASDAQ: ODFL) reported its financial results for the first quarter of 2019 before the markets opened on April 25. The less-than-truckload carrier continued...
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Barron's Recap: A Look At Japan's Blue Chips
Sunday, July 19, 2015 - 1:41pm | 800This weekend in Barron's online: why it is time to buy Japan's blue chips, when Iraqi oil will hit the markets, how the unemployed are counted, as well as the prospects for Motorola Solutions, Old Dominion Freight Line, Energizer and more. Cover Story "Time to Buy Japan's Blue Chips" by Jack Hough...
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Citi Adjusts its Estimates on Old Dominion Freight Line
Thursday, June 9, 2011 - 8:08am | 118Citi is adjusting its estimates on Old Dominion Freight Line Inc. (NASDAQ: ODFL). “We are increasing our 2Q, 2011, and 2012 EPS estimates by 10%, 5%, and 5%, to $0.57, $2.00, and $2.50, from $0.52, $1.90, and $2.40 respectively,” Citi writes. “We are now slightly above consensus ($0.54, $1.98, $2....
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Citigroup Upgrades Old Dominion To Buy, $43 PT
Thursday, June 9, 2011 - 6:09am | 25Citigroup has upgraded Old Dominion Freight (NASDAQ: ODFL) from Hold to Buy and maintains its $43 price target.
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UPDATE: Deutsche Bank Color On ODFL Target Increase
Thursday, April 28, 2011 - 9:02am | 139Deutsche Bank, which raised its PT on shares of Old Dominion Freight Line Inc. (NASDAQ: ODFL), is providing some color on the stock. “ODFL reported better than expected Q1 EPS of $0.38/share, $0.08/share above our estimate and well above Consensus of $0.29/share,” Deutsche Bank writes. “Strong...