Welcome to our dedicated page for Old Dominion Freight Line news (Ticker: $ODFL), a resource for investors and traders seeking the latest updates and insights on Old Dominion Freight Line stock.
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Rhea-AI Summary
Old Dominion Freight Line, Inc. (Nasdaq: ODFL) reported first-quarter 2024 earnings with diluted earnings per share of $1.34, representing a 3.9% increase year-over-year. The total revenue saw a 1.2% growth to $1.46 billion, driven by a 1.6% increase in LTL services revenue. Operating income rose by 0.9% to $386.4 million, while net income increased by 2.5% to $292.3 million. Despite challenges in the domestic economy, Old Dominion's strong performance was attributed to its focus on superior customer service, resulting in revenue and earnings growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.05%
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Rhea-AI Summary
Old Dominion Freight Line, Inc. (ODFL) will release its Q1 2024 financial results on April 24, 2024. The company will host a conference call to discuss the results and outlook. Old Dominion is a leading LTL motor carrier in North America offering various services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-50.61%
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Rhea-AI Summary
Old Dominion Freight Line, Inc. (ODFL) reported positive LTL operating metrics for February 2024, with a 1.2% increase in revenue per day compared to February 2023. Despite a 3.0% decrease in LTL tons per day, the company saw improvements in LTL revenue per hundredweight. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased by 3.7% and 7.1%, respectively. The company's President and CEO highlighted the positive impact of a favorable pricing environment and superior service delivery on revenue growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.62%
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Rhea-AI Summary
Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announces a two-for-one stock split, doubling the number of outstanding shares. The split will be effective on March 27, 2024, with shareholders receiving one additional share for every share held.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.05%
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Rhea-AI Summary
Old Dominion Freight Line, Inc. (ODFL) has announced a 30% increase in its quarterly cash dividend to $0.52 per share. Despite a 0.3% increase in total revenue, the company experienced a decrease in revenue and earnings for the year. Operating income and net income also saw a decline, with a 10.9% and 10.0% decrease, respectively. The company's operating ratio increased to 71.8% for the fourth quarter of 2023, and capital expenditures totaled $757.3 million for the year. Old Dominion continues to return capital to shareholders through its share repurchase and dividend programs, with a 30% increase to the quarterly cash dividend paid in the first quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
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Rhea-AI Summary
Old Dominion Freight Line, Inc. (Nasdaq: ODFL) plans to release its Q4 and year-end 2023 financial results on January 31, 2024. The company will hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on the same day. Old Dominion Freight Line, Inc. is a leading North American LTL motor carrier providing regional, inter-regional, and national LTL services through a single integrated, union-free organization. The company also offers value-added services including container drayage, truckload brokerage, and supply chain consulting.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.17%
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Rhea-AI Summary
Old Dominion Freight Line, Inc. (Nasdaq: ODFL) reported a 0.9% decrease in revenue per day for November 2023 compared to November 2022, driven by a 2.3% decrease in LTL tons per day. However, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased for the quarter-to-date period. President and CEO Marty Freeman highlighted the company's focus on delivering superior service at a fair price and its ability to win long-term market share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.55%
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Rhea-AI Summary
Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announces a 4.9% general rate increase (GRI) for existing tariffs, effective December 4, 2023. The increase aims to offset rising costs related to real estate, expansion projects, new equipment, technology investments, and employee wages. It aligns with the company's yield management strategy and includes nominal minimum charge increases for various shipment lanes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
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Rhea-AI Summary
Old Dominion Freight Line announces financial results for Q3 2023, with a decrease in total revenue and net income compared to the same period last year. However, the company saw encouraging trends in LTL shipments and on-time service performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.86%
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Rhea-AI Summary
Old Dominion Freight Line announces quarterly cash dividend of $0.40 per share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
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Old Dominion Freight Line
Nasdaq:ODFL
ODFL Rankings
ODFL Stock Data
40.27B
194.79M
10.33%
75.6%
2.05%
General Freight Trucking, Long-Distance, Truckload
Transportation and Warehousing
United States of America
THOMASVILLE
About ODFL
old dominion freight line, inc. (nasdaq: odfl) is a leading, less-than-truckload (“ltl”), union-free company providing premium service to all its customers. od offers regional, inter-regional and national ltl service. in addition to its core ltl services, the company offers its customers a broad range of logistics services including ground and air expedited transportation, supply chain consulting, transportation management, truckload brokerage, container delivery and warehousing. in addition, old dominion offers a consumer product for household moving: od household services. through strategic partnerships, the company also offers international freight forwarding services throughout the world. old dominion’s claims ratio and on-time record are among the best in the industry. for 80 years, old dominion has been helping the world keep promises. for career opportunities, visit http://www.odfl.com/careers/.