Old Dominion Freight Line’s third-quarter results were slightly ahead of analysts’ expectations, but many of its operating metrics continued to “reflect ongoing softness in the domestic economy.” The comparisons to the prior-year period, which benefited from Yellow Corp.’s (OTC: YELLQ) shutdown, were also tougher.
The Thomasville, North Carolina-based less-than-truckload carrier reported earnings per share of $1.43, which was one cent ahead of the consensus estimate but 11 cents lower year over...