Old Dominion Freight Line, Inc. (NASDAQ: ODFL) provided an update on its less-than-truckload ("LTL") operating metrics for August 2025. The company reported a 4.8% decrease in revenue per day compared to August 2024, primarily driven by a 9.2% decrease in LTL tons per day. This decline was partially offset by an increase in LTL revenue per hundredweight.
The decrease in LTL tons per day was attributed to an 8.2% decrease in LTL shipments per day and a 1.2% decrease in LTL weight per shipment. However, for the quarter-to-date period, there were positive developments as LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased by 4.5% and 4.7% respectively, compared to the same period last year.
Marty Freeman, President and Chief Executive Officer of Old Dominion, acknowledged the impact of the ongoing softness in the domestic economy on the company's revenue results for August. Despite the decline in volumes, Freeman emphasized the improvement in revenue per hundredweight, attributing it to the value that customers realize from the company's consistent commitment to superior service. He expressed confidence in Old Dominion's capacity to handle incremental volumes when the demand environment improves, positioning the company as the best carrier to win profitable market share over the long term and improve shareholder value. As a result of these announcements, the company's shares have moved -0.94% on the market, and are now trading at a price of $146.72. For more information, read the company's full 8-K submission here.
