Old Dominion Freight Line’s tonnage metrics have turned positive for the first time in nearly two years. The less-than-truckload carrier’s second-quarter update shows improvement from the first quarter but a slight deceleration in growth rates from April to May.
The company announced Wednesday that revenue per day was 5.6% higher year over year (y/y) in May, better than the 1.2% growth rate in the first quarter but slightly below a 6.3% increase in April. May’s tonnage was up 1.5% y/y as...
https://www.freightwaves.com/news/old-dominions-tonnage-turns-positive-in-q2