Zacks Investment Research
04 Jun 2026, 18:41 UTC · 2h ago
Old Dominion Unveils Solid LTL Unit Performance for May
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Zacks Investment Research
04 Jun 2026, 18:41 UTC · 2h ago
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Story key points
3 claims · impact-rated
Old Dominion Freight Line's revenue per day increased 12.3% year over year in May 2026. — Strong double-digit revenue growth indicates pricing power and operational strength, though it is partially offset by volume declines.
+0.40Old Dominion experienced a 3.8% decrease in LTL tons per day in May, driven by a 5.3% drop in shipments per day. — Declining shipment volumes suggest a softening in underlying freight demand.
-0.30Old Dominion's quarter-to-date LTL revenue per hundredweight increased 15.6% year over year. — Significant yield improvement suggests the company is successfully implementing price increases.
+0.30Ticker attribution
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Assigned a Zacks Rank #1 (Strong Buy).
Reported 12.3% year-over-year revenue growth per day in May and strong revenue per hundredweight increases.
[mutual] Both companies are listed as investment options within the Zacks Transportation sector.
[mutual] Both companies are listed as investment options within the Zacks Transportation sector.
[mutual] Both companies are listed as investment options within the Zacks Transportation sector.
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