Old Dominion Freight Line Reports Higher August Revenue Per Day, Shares Rise
Old Dominion Freight Line (NASDAQ:ODFL) reported a 12.4% year-over-year increase in revenue per day for August 2026 compared to the same period in 2025. The rise was primarily driven by higher LTL revenue per hundredweight, which increased by 11.3%. Excluding fuel surcharges, this metric rose 4.8%, offering a clearer view of underlying demand trends. The company's CEO, Marty Freeman, noted consistent demand through July and August and highlighted available capacity in the service center network to handle potential volume increases. Old Dominion also declared a quarterly cash dividend of $0.29 per share with an ex-dividend date on September 2. Despite broader U.S. equity market declines, ODFL shares rose by 1.3% in premarket trading as several major analysts raised their price targets for the stock recently.
Tickers: $ODFL