Less-than-truckload carrier Old Dominion Freight Line (NASDAQ: ODFL) announced Tuesday that severe winter weather slowed its operations for one week during February. For the month, revenue per day increased 9.2% year-over-year as tonnage climbed 5.9% and revenue per hundredweight, or yield, increased by roughly 3%.
Winter storms during February were a detractor to Old Dominion’s hot start to the year. In January, daily revenue increased 14.6% year-over-year with tonnage climbing 11.9%.
“Old...
https://www.freightwaves.com/news/weather-slows-old-dominions-hot-start-to-year