Old Dominion Freight Line

ODFL reported that revenue per day increased 14.5% annually, driven by an LTL revenue per hundredweight increase, which it said was slightly offset by a 0.9% decrease in LTL tons per day. And it added that the change in LTL tons per day was due to a 2.7% decrease in LTL shipments per day, which was partially offset by a 1.8% increase in LTL weight per shipment.

Less than Truckload (LTL) is equal to the e-commerce task.

ODFL said that these new facilities are strategically placed to reinforce its commitment to operational excellence and to build network quality. And it added that ODFL has a continuing focus on expansion, as well as to improve current service centers by opening more doors, upgrading technology, and hiring more staff, as part of a collective effort focused on service, at a time when demand remains on a growth trajectory.

Quarterly revenue, at $1.41 billion was up 31.4% annually, with LTL services revenue, at $1.39 billion, also posting a 31.4% annual gain. Operating income saw a 46.5% annual increase, to $372.5 million, and net income was up 46.9%, to $278.8 million. Diluted earnings per share, at $2.41, posted a 49.7% increase.

Top trucking executives say their relentless rise in costs for everything from new and used trucks to fuel and driver pay will cause them to continue to ask shippers to pay more for freight services in 2022. How much more? That depends on individual shipper demands, their freight characteristics, and how their tonnage fits into a carrier’s overall freight demand scheme.

ODFL reported that revenue per day increased 29.9% annually, driven by an 11.5% gain in daily LTL tonnage, as well as LTL revenue per hundredweight heading up. The company said that the change in LTL tons per day was due to a 15.2% increase in LTL shipments per day that was partially offset by a 3.2% decrease in LTL weight per shipment.

In this research brief, we explore how, by taking the time to measure carrier performance, companies can get the best value for their transportation spend.

Logistics Management Group News Editor Jeff Berman recently spoke with Dave Bates, senior vice president of operations, for Thomasville, North Carolina-based less-than-truckload services provider Old Dominion Freight Line (ODFL).

New survey explores the key freight challenges that shippers are dealing with and the various ways that carrier performance affects supply chains across different industries.

Logistics Management Group News Editor Jeff Berman recently spoke with Dave Bates, senior vice president of operations, for Thomasville, North Carolina-based less-than-truckload services provider Old Dominion Freight Line (ODFL).

Chip Overbey, senior vice president of strategic planning at Old Dominion Freight Line, explains the value that its continual investment in people, facilities, and equipment provides in today’s challenging freight marketplace.

Capacity constraints, driver shortages, and rising freight rates are just a few of the pressing challenges that LTL shippers are facing as we roll through recovery.

Capacity constraints, driver shortages, and rising freight rates are just a few of the pressing challenges that LTL shippers are facing as we roll through recovery.

ODFL reported that revenue per day increased 47.6% annually, driven by a 28.3% gain in daily LTL tonnage, as well as LTL revenue per hundredweight heading up. The company said that the change in LTL tons per day was due to a 32.6% increase in LTL shipments per day that was partially offset by a 3.2% decrease in LTL weight per shipment.

ODFL reported that revenue per day increased 9.2% compared to February 2020, which was driven by a 5.9% increase in LTL tons per day, as well as an increase in LTL revenue per hundredweight. And it added that the change in LTL tons per day was due to a 4.1% increase in LTL weight per shipment.