Less-than-truckload carrier Old Dominion Freight Line (NASDAQ: ODFL) said it is in “good position” to continue capturing market share. The carrier said it took share in the first quarter of 2021 in route to its highest-revenue quarter ever.
The company reported a 14.1% year-over-year increase in revenue as tonnage rose 8.3% and shipments grew 6.9%. A record first-quarter operating ratio of 76.1%, 530 basis points better year-over-year, was the result of improved yields (+5.6%) and weight per...
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