Old Dominion's Operating Ratio Nears 70%
Old Dominion, an LTL carrier, reported second-quarter earnings with an operating ratio (OR) of 70.1%, marking a significant improvement from the same period in 2025 when it was at 74.6%. Despite declines in key operational metrics such as tons shipped and shipments processed compared to last year, revenue per hundredweight excluding fuel increased by 5.5% to $29.71. The company also reported a strong on-time service rate of 99% and a low claims ratio of 0.1%. CEO Marty Freeman attributed the improved performance to better demand trends and disciplined operational execution. However, Old Dominion's stock has faced downward pressure since early June due to concerns over Amazon’s potential entry into the LTL market. Old Dominion reported earnings per share (EPS) of $1.68, surpassing Wall Street expectations by 15 cents, with revenue reaching $1.55 billion—slightly above forecasts.
Tickers: $ODFL
Topics: LTL_carrier operating_ratio revenue_growth stock_price