Earnings Summary: Old Dominion Freight Line issues update on second quarter 2025

Old Dominion Freight Line, Inc. (NASDAQ: ODFL), which operates as a less-than-truckload motor carrier in North America, provided operating metrics for May 2025.

• The company said that revenue per day decreased by 5.8% in May 2025, compared to the same period last year
• The revenue drop reflects an 8.4% decrease in LTL tons per day, partially offset by an increase in LTL revenue per hundredweight
• There was a 6.8% decrease in LTL shipments per day and a 1.9% decrease in LTL weight per shipment, driving the decline in LTL tons per day
• The May results reflect continued softness in the domestic economy as well as the impact of lower fuel prices on yields
• For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 3.2% and 5.6% respectively YoY
• The management said it will continue to focus on executing its long-term strategic plan, even as the macroeconomic environment remains uncertain