Old Dominion Provides Q3 Update

Old Dominion Freight Line said LTL tons per day increased 2.4% in August compared to a year ago. (Old Dominion Freight Line)

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Old Dominion Freight Line Inc. announced updates for the third quarter.

The less-than-truckload carrier reported revenue per day increased 1.3% in August compared with a year earlier. That was due to a 2.4% increase in LTL tons per day that partially was offset by a decrease in LTL revenue per hundredweight.

The change in LTL tons per day was attributable to a 5.9% increase in LTL weight per shipment that partially was offset by a 3.3% decrease in LTL shipments per day, according to the Thomasville, N.C.-based company.

For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight excluding fuel surcharges decreased 0.9% and increased 2.3%, respectively, compared with the same period last year.

Old Dominion Freight Line ranks No. 8 on the Transport Topics Top 100 list of the largest for-hire carriers in North America. — Transport Topics

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