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.
Old Dominion Freight Line (ODFL) delivers premium less-than-truckload (LTL) transportation and logistics solutions through its union-free network across North America. This news hub provides investors and industry professionals with essential updates about the company's operational developments, strategic initiatives, and market position.
Access centralized information on ODFL's financial announcements, service expansions, and infrastructure investments. The resource aggregates official press releases covering earnings disclosures, leadership changes, technology implementations, and partnership agreements within the freight transportation sector.
Key content categories include quarterly financial results, capacity expansion updates, operational efficiency metrics, and industry recognition announcements. Users will find verified information about ODFL's LTL service enhancements, supply chain management innovations, and network optimization strategies.
Bookmark this page for streamlined access to Old Dominion's latest developments. Check regularly for updates on how the company maintains its position as a leader in precision freight services through disciplined operations and customer-focused solutions.
Old Dominion Freight Line (Nasdaq: ODFL) reported a 5.2% decrease in revenue per day for August 2024 compared to August 2023. This decline was due to a 6.1% decrease in LTL tons per day, partially offset by an increase in LTL revenue per hundredweight. The company experienced a 5.0% decrease in LTL shipments per day and a 1.1% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight increased by 3.0%, while LTL revenue per hundredweight excluding fuel surcharges rose by 4.9% year-over-year. Despite the softness in the domestic economy and lower fuel surcharge revenue, Old Dominion maintains its focus on delivering superior service and executing its long-term strategic plan to win profitable market share and increase shareholder value.
Old Dominion Freight Line (ODFL) reported strong financial results for Q2 2024, with earnings per diluted share increasing 11.3% to $1.48. The company's total revenue grew 6.1% to $1.5 billion, driven by a 4.4% increase in LTL revenue per hundredweight and a 1.9% rise in LTL tons per day. The operating ratio improved by 40 basis points to 71.9%, reflecting efficient operations and quality revenue growth.
ODFL's net cash from operating activities was $387.8 million for Q2 and $811.7 million for H1 2024. The company expects capital expenditures of $750 million for 2024, focusing on real estate expansion, fleet upgrades, and technology investments. ODFL continued to return value to shareholders through share repurchases and dividends, utilizing $637.1 million for repurchases and paying $112.6 million in dividends in H1 2024.
Old Dominion Freight Line (Nasdaq: ODFL) has announced a quarterly cash dividend of $0.26 per share of common stock. The dividend will be payable on September 18, 2024, to shareholders of record at the close of business on September 4, 2024. This dividend payment represents a 30% increase compared to the quarterly cash dividend paid in September 2023, after accounting for the company's March 2024 two-for-one stock split. The announcement demonstrates Old Dominion's commitment to returning value to shareholders and may indicate confidence in the company's financial performance.
Old Dominion Freight Line (Nasdaq: ODFL) has published its 2023 Environmental, Social, and Governance (ESG) Data Supplement. This report is informed by standards from the Sustainability Accounting Standards Board (SASB) and the Global Reporting Initiative (GRI). The ESG Data Supplement is accessible on the Corporate Responsibility section of the company's investor website at ir.odfl.com.
Old Dominion Freight Line (Nasdaq: ODFL) will release its second quarter 2024 financial results before trading opens on Wednesday, July 24, 2024. The company will host a conference call at 10:00 a.m. (Eastern Time) on the same day to discuss these results and its outlook.
The real-time webcast of the conference call will be available on the company's investor relations website. An online replay will be accessible from 1:00 p.m. (Eastern Time) on July 24 and will be available for 30 days. Additionally, a telephonic replay will be available from 1:00 p.m. (Eastern Time) on July 24 until July 31, 2024, by dialing 1-877-344-7529 and using access code 9201305.
Old Dominion Freight Line is a major North American LTL motor carrier, offering regional, inter-regional, and national LTL services through a single, integrated, and union-free organization. The company also provides value-added services such as container drayage, truckload brokerage, and supply chain consulting.
Old Dominion Freight Line (Nasdaq: ODFL) reported a 5.6% increase in revenue per day for May 2024 compared to May 2023, driven by a 1.5% rise in LTL tons per day and increased LTL revenue per hundredweight. LTL shipments per day grew by 2.3%, despite a 0.7% decrease in LTL weight per shipment. For the quarter-to-date, LTL revenue per hundredweight, excluding fuel surcharges, rose by 4.7% year-on-year. President and CEO Marty Freeman attributed these gains to the company's cost-based pricing strategy and stability in the pricing environment, reinforcing their long-term strategic focus on delivering superior service and increasing shareholder value.
Old Dominion Freight Line (Nasdaq: ODFL) has declared a quarterly cash dividend of $0.26 per share, payable on June 19, 2024, to shareholders of record as of June 5, 2024. This dividend represents a 30% increase compared to June 2023, considering the March 2024 two-for-one stock split.
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