ODFL Stock Recent News

Old Dominion's (ODFL) revenue per day improves 5.6% year over year in May 2024 due to an increase in LTL revenue per hundredweight.

THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for May 2024. Revenue per day increased 5.6% as compared to May 2023 due to a 1.5% increase in LTL tons per day and an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 2.3% increase in LTL shipments per day that was partially offset by a 0.7% decrease in LTL weight per shipment. For the quarter-to-d.

The Zacks Industry Rank for the Transportation-Truck industry paints a dull picture, mainly owing to the slowdown in freight demand. We believe stocks like ODFL, MRTN and PTSI are better positioned to escape industry challenges.

Shares of a number of truckers are up thanks to a Saia operational update that showed a strong year-over-year jump in demand. Investors have been waiting for signs that a down cycle in the sector has bottomed out.

Consistent shareholder-friendly measures bode well for Old Dominion (ODFL). However, high capital expenditures are concerning as they are likely to keep the bottom line under pressure.

Old Dominion (ODFL) reported earnings 30 days ago. What's next for the stock?

THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per share of common stock, payable on June 19, 2024, to shareholders of record at the close of business on June 5, 2024. After giving effect to the Company's March 2024 two-for-one stock split, this dividend payment represents a 30% increase to the quarterly cash dividend paid in June 2023. Forward-looking statements in th.

Old Dominion Freight Line is a compelling choice for both dividend and growth investors due to its impressive track record of organic growth and efficient operations. The company has a resilient growth strategy, consistently expanding its market share despite intense industry competition. ODFL's strong financials, including a healthy balance sheet and robust free cash flow generation, support its ability to navigate economic challenges and pursue strategic growth.

Old Dominion Freight Line hit its numbers for sales and earnings this morning -- but investors are still upset. Analysts have been forecasting 20%-plus growth rates for the company, but this quarter Old Dominion grew earnings just 4%.

Old Dominion's (ODFL) Q1 revenues increase 1.2% year over year.