share_log

Old Dominion Freight Line November Revenue Per Day Decrease 8.2% Y/Y Due To An 8.0% Decrease In LTL Tons Per Day And A Slight Decrease In LTL Revenue Per Hundredweight

Benzinga ·  Dec 4 06:11

The decrease in LTL tons per day was attributable to a 6.8% decrease in LTL shipments per day and a 1.2% decrease in LTL weight per shipment.

For the quarter-to-date period, LTL revenue per hundredweight decreased 1.2% as compared to the same period last year and LTL revenue per hundredweight, excluding fuel surcharges, increased 3.7% as compared to the same period last year.

Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, "Our revenue results for November reflect the continued softness in the domestic economy as well as the impact of lower fuel surcharge revenue on our yields."

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment