Old Dominion Freight Line reported better-than-expected results for the fourth quarter amid “ongoing softness in the domestic economy.”
The Thomasville, North Carolina-based less-than-truckload carrier reported earnings per share of $1.23 Wednesday before the market opened, 7 cents higher than the consensus estimate but 24 cents lower year over year.
Old Dominion’s (NASDAQ: ODFL) revenue fell 7.3% y/y to $1.39 billion as tonnage per day was down 8.2% and revenue per hundredweight was off 0.4%...
https://www.freightwaves.com/news/first-look-old-dominion-q4-earnings