Old Dominion Freight Line operates as a North American less-than-truckload motor carrier. The company provides regional, inter-regional and national LTL services through a single integrated, union-free organization, with service offerings that include expedited transportation, an expansive network of service centers across the continental United States and carrier alliances for broader North American coverage.
Recurring announcements cover quarterly earnings, LTL revenue and shipment measures, revenue per hundredweight, service performance, capital expenditures for service-center expansion, tractors, trailers and information technology, and board actions on cash dividends. Updates also reference value-added services such as container drayage, truckload brokerage and supply chain consulting.
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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