Management from less-than-truckload carrier Old Dominion Freight Line told analysts on a Wednesday call that demand has remained “consistently strong” and that it continues to receive inquiries from customers “regarding the general lack of capacity within the LTL industry.” The favorable setup could allow the carrier to hang a sub-70% operating ratio on the scoreboard during the second quarter.
First-quarter revenue of $1.5 billion was 33% higher year-over-year (+25% excluding fuel surcharges)...
https://www.freightwaves.com/news/old-dominion-earnings-q1-2022