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 5.6% 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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