Old Dominion Freight Line reported second quarter 2026 revenue of $1.554 billion, up 10.4% from 2025, with operating income increasing 30.0% to $465.3 million. Net income was $350.6 million and diluted EPS rose 32.3% to $1.68, matching its prior company record.
The operating ratio improved by 450 basis points to 70.1%, helped by better direct operating and overhead costs and $17.2 million of net gains on property and equipment disposals. LTL revenue per hundredweight grew 15.2% (up 5.5% excluding fuel surcharges), while LTL tons per day declined 4.1% and shipments per day fell 5.7%.
Net cash provided by operating activities was $272.7 million in the quarter and $646.3 million year to date. Capital expenditures were $77.0 million in Q2, and 2026 capex is expected to total about $380 million. The company held $283.9 million in cash at June 30, 2026 and used $239.7 million for share repurchases and paid $120.7 million in dividends in the first half.
Old Dominion Freight Line, Inc. declared a quarterly cash dividend of $0.29 per share on its common stock. The dividend is payable on September 16, 2026, to shareholders of record at the close of business on September 2, 2026, and represents a 3.6% increase compared with the quarterly dividend paid in September 2025.
Old Dominion Freight Line is described as one of the largest North American less-than-truckload motor carriers, operating a single integrated, union-free network. It offers regional, inter-regional and national LTL services, as well as value-added offerings such as container drayage, truckload brokerage and supply chain consulting.
Old Dominion Freight Line updated investors on key less-than-truckload operating trends for the second quarter of 2026. For May 2026, revenue per day increased 12.3% from May 2025, driven by higher LTL revenue per hundredweight.
LTL tons per day fell 3.8%, as a 5.3% decrease in LTL shipments per day was only partly offset by a 1.6% increase in LTL weight per shipment. Quarter-to-date, LTL revenue per hundredweight rose 15.6%, and LTL revenue per hundredweight excluding fuel surcharges grew 5.4% versus the prior year period. Management highlighted improving demand through the quarter, strong service metrics supporting pricing, and continued investment in its network, technology and workforce, reinforcing its focus on long-term profitable revenue growth.
OLD DOMINION FREIGHT LINE, INC. Executive Chairman David S. Congdon reported a Form 4 showing a bona fide gift of 295,670 shares of common stock. The shares were transferred from the Audrey Congdon Irrevocable Trust #1 FBO Megan Oglesby, where he is trustee, leaving that trust with no remaining shares.
The filing also updates indirect ownership balances across multiple trusts, a 401(k) plan, and revocable and irrevocable trusts associated with Congdon and family members. All reported positions are indirect, and the gift represents a non-market transfer rather than an open‑market sale or purchase.
OLD DOMINION FREIGHT LINE, INC. director Andrew Stephen Davis reported a compensation-related stock award. He received 859 shares of common stock at no stated purchase price, classified as a grant or award. Following this acquisition, he directly owns 3,635 shares of the company’s common stock.
Old Dominion Freight Line, Inc. reported results of its Annual Meeting of Shareholders held on May 20, 2026. Shareholders elected twelve directors for one-year terms, approved on an advisory basis the compensation of named executive officers, and ratified Ernst & Young LLP as independent auditor for 2026.
The Board also declared a quarterly cash dividend of $0.29 per share, payable on June 17, 2026 to shareholders of record on June 3, 2026. This dividend represents a 3.6% increase over the quarterly cash dividend paid in June 2025, signaling continued return of cash to shareholders.
Stith Thomas A. III reported acquisition or exercise transactions in this Form 4 filing.
OLD DOMINION FREIGHT LINE, INC. director Thomas A. Stith III received an equity grant of 859 shares of Common Stock. The award was recorded at a price of $0.0000 per share, meaning there was no cash paid for the shares. Following this grant, his direct holdings increased to 4,817 shares of the company’s common stock.
OLD DOMINION FREIGHT LINE, INC. director Wendy T. Stallings received a grant of 859 shares of Common Stock on May 20, 2026. The shares were awarded at a stated price of $0.00 per share, indicating a compensation-related stock award rather than an open-market purchase.
After this grant, Stallings directly holds a total of 7,817 shares of Old Dominion Freight Line common stock. The filing reports no sales, option exercises, or derivative positions, so this Form 4 reflects a straightforward equity award increasing her direct ownership.
Smith Albert Randolph II reported acquisition or exercise transactions in this Form 4 filing.
OLD DOMINION FREIGHT LINE, INC. director Albert Randolph Smith II received a grant of 859 shares of Common Stock. The shares were awarded at no cash cost per share and are held directly. Following this compensation-related award, his direct ownership stands at 859 shares.
OLD DOMINION FREIGHT LINE, INC. director Greg C. Gantt reported an equity award of company common stock. He received a grant of 859 shares at a price of $0.00 per share, described as a grant, award, or other acquisition rather than an open-market purchase.
Following this award, Gantt directly holds 89,410 shares of common stock. The filing also lists an additional 271 shares held indirectly through his spouse’s 401(k) plan, providing a view of both his direct and indirect ownership positions after the reported transactions.