Old Dominion Freight Line

Company officials said that these new and renovated service centers strategically placed for operational efficiency and are aligned with the OFDL’s long-term strategic plan, noting that the investment in each market will support capacity needs, improve shipping time and enhance delivery flexibility, allow ODFL to better serve customers as demand continues to grow amid the COVID-19 pandemic.

ODFL reported that revenue per day increased 6.3% annually, driven by a 5.2% gain in daily LTL tonnage, as well as LTL revenue per hundredweight heading up.

YRC Worldwide, a holding company that collectively controls about 10% of the $46 billion less-than-truckload (LTL) marketplace, is trimming its quarterly losses and going back to its branding roots. It is resurrecting the venerable “Yellow” brand.

ODFL reported that revenue per day increased 1.3% from August 2019 to August 2020, which it attributed to a 2.4% increase in daily LTL tonnage and was partially offset by a decrease in LTL revenue per hundredweight.

The first economic shock waves of the COVID-19 pandemic have started to wash across the first quarter earnings reports of the leading publicly held less-than-truckload (LTL) carriers, with more bad news coming later in the year.

ODFL reported that revenue per day dropped 1% from February 2019 to February 2020, which the company attributed to a 5.2% decrease in daily tonnage that was partially offset by an increase in LTL revenue per hundredweight.

Logistics executives share their pain points heading into 2020 and the impact to their operations.

The majority of respondents are manufacturers with domestic transportation networks, but that also operate globally.

Thomasville, N.C.-based Old Dominion Freight Line (ODFL), the number three less-than-truckload (LTL) carrier by revenue, said today that it has made upgrades to six of its 233 national service centers so far this quarter.

The Thomasville, N.C.-based carrier reported that LTL tons per day increased 15.3% in May on an annual basis, with the main drivers being an 11.0% increase in daily LTL shipments and a 3.9% increase in LTL weight per shipment. And for the second quarter-to-date period, LTL revenue per hundredweight is up 6.7% annually.

Logistics Management Group News Editor Jeff Berman caught up with Greg Gantt president and CEO of national less-than-truckload carrier Old Dominion Freight Line at the National Shippers Strategic Transportation Council NASSTRAC conference in Orlando, Fla.

With winter weather conditions harsh and another big storm hitting yesterday in various pockets of the Northeastern and Mid-Atlantic United States, myriad motor carriers are gearing up for the most recent batch of bad weather.

Old Dominion Freight Line, which a generation ago made a company-changing decision to embark on a diversification growth path away from its roots as merely a Southeast regional LTL carrier, is now poised for even more profitable growth as a national trucking leader.

Shippers are benefiting from temporary excess capacity in the truckload market, but analysts say this condition is temporary. The driver situation, increasing regulations, and inventory sell-offs all point to a tighter capacity situation in 2017 and beyond. State of Transportation 2016, Trucking update news

LTL carriers adjusting to “more competitive” pricing environment