Old Dominion

Uber Freight CEO vows focus on growing opportunities for carriers

ATLANTA — In a freight market still finding its footing after years of disruption, Uber Freight’s 2025 Carrier Summit offered optimism backed by action. CEO Lior Ron addressed a packed room with an update on the company’s promises, showing how data, AI and partnerships are shaping how Uber Freight is positioning its carriers to thrive this year.

“At the end of the day,” Ron emphasized, “it’s about growth and giving [carriers] opportunities.” 

Toward that end, Uber Freight has seen growth across...

https://www.freightwaves.com/news/uber-freight-ceo-vows-focus-on-growing-opportunities-for-carriers

Market shook, LTL carrier Old Dominion isn’t

Less-than-truckload carrier Old Dominion Freight Line said it will continue making growth-oriented investments in its network ahead of demand. However, as uncertainty around trade policy is weighing on volumes and prolonging an already protracted freight downturn, the company decided to reel in its capex budget for 2025.

Its outlook for a favorable pricing backdrop remains intact, management told analysts on a quarterly earnings call Wednesday.

The company noted a reacceleration in its business...

https://www.freightwaves.com/news/market-shook-ltl-carrier-old-dominion-isnt

First look: Old Dominion Q1 earnings

Old Dominion Freight Line beat first-quarter expectations Wednesday before the market opened. The Thomasville, North Carolina-based less-than-truckload carrier reported earnings per share of $1.19, 5 cents higher than the consensus estimate but 15 cents lower year over year.  

The y/y decline was attributed to “ongoing softness in the domestic economy.”

“While we were encouraged to see signs of improving demand during the first quarter, there continues to be uncertainty with the economy,” Old...

https://www.freightwaves.com/news/first-look-old-dominion-q1-earnings

Is Amazon on course to upend LTL industry?

The less-than-truckload industry may face a seismic shift as rumors circulate that e-commerce behemoth Amazon is preparing to expand operations as a for-hire LTL carrier.

LTL markets — already grappling with tepid demand and pricing pressures — now confront the specter of a formidable new entrant. Recent data suggests that the industry is approaching an inflection point where carrier pricing discipline could begin to erode.

Amazon’s strategic maneuvering toward LTL capabilities is evidenced by...

https://www.freightwaves.com/news/is-amazon-on-course-to-upend-ltl-industry

Old Dominion poised to take share when market turns

Old Dominion Freight Line is fairly hopeful about the new year. It has shouldered the cost burden of carrying more than 30% excess capacity while awaiting a market turn. However, once more volume is poured into the relatively high fixed-cost network, margins will start to meaningfully grow again.

“I’m cautiously optimistic that we’re going to have at least a good second half of 2025, President and CEO Marty Freeman told FreightWaves.

Freeman said he was encouraged by some recent trends, noting...

https://www.freightwaves.com/news/old-dominion-poised-to-take-share-when-market-turns

First look: Old Dominion Q4 earnings

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

LTL carriers waiting for next demand catalyst in post-Yellow world

Less-than-truckload carriers are hoping an end to a two-year industrial recession will provide a needed volume uptick and bring about a more favorable freight mix. A positive inflection will also allow carriers to fill terminals acquired following Yellow Corp.’s exit.

Yellow’s (OTC: YELLQ) July 2023 shutdown put roughly 8% market share up for grabs, providing the industry with a respite to an ongoing freight recession. However, the newfound volume was quickly absorbed, and the industry is again...

https://www.freightwaves.com/news/ltl-carriers-waiting-for-next-demand-catalyst-in-post-yellow-world

Old Dominion points to October as ‘a sign of hope’

Old Dominion Freight Line saw continued demand weakness during the third quarter but signaled October could be the last of the big year-over-year declines for this cycle.

The less-than-truckload carrier reported $1.47 billion in revenue, a 3% y/y decline. Earnings per share of $1.43 were 1 cent ahead of the consensus estimate but 11 cents worse than the 2023 third quarter.

The company said y/y declines in operating metrics have accelerated so far in October. Revenue per day will likely be down...

https://www.freightwaves.com/news/old-dominion-points-to-october-as-a-sign-of-hope

Shippers move LTL freight to full truckload

Shippers move LTL freight to full truckload
(Photo: Jim Allen/FreightWaves)

The ongoing freight recession is having a multimodal spillover effect as shippers look for creative ways to save costs. Excess supply of trucking capacity remains the 18-wheeled elephant in the room, to such an extent that we see instances in which LTL is losing share to full truckload due to lower costs. Typically full truckload can compete with rail and intermodal when rates are lower, but recent Q1 earnings commentary...

https://www.freightwaves.com/news/shippers-move-ltl-freight-to-full-truckload

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