Old Dominion Freight Line said it is seeing promising signs around demand but that it isn’t yet ready to call a cycle upturn. However, its operating ratio guidance for the second quarter was weaker than the historical trend, which may be the reason shares of less-than-truckload carriers sold off on Wednesday.
Old Dominion (NASDAQ: ODFL) reported earnings per share of $1.34 for the 2024 first quarter, which was in line with the consensus estimate and 5 cents ahead of the year-ago result when...
https://www.freightwaves.com/news/old-dominions-q1-earnings-meet-estimate-but-ltl-stocks-fall-anyway