Old Dominion’s 2Q Profit Jumps
Old Dominion Freight Line said Thursday its second-quarter profit almost doubled as revenue and earnings per share rose to quarterly records.
Net income rose to $39.4 million, or 69 cents a share, from $21.5 million, 38 cents, a year ago. Revenue jumped 30.3% to $480.3 million.
Revenue was 15% over its previous high of $417.8 million in the second quarter of 2008, while EPS were 57% higher than the company’s previous high of 44 cents, in the third quarter of 2010, CEO David Congdon said in a statement.
Old Dominion Freight Line is ranked No. 18 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
