Old Dominion Freight Line (ODFL), a national less-than-truckload carrier based in Thomasville, N.C., reported an 8.2% annual decline in revenue-per-day for November, driven by an 8.0% drop in daily LTL tonnage. The reduction in tonnage was attributed to a 6.8% decrease in LTL shipments and a 1.2% drop in weight per shipment. Despite this, ODFL noted improvements in yield metrics, with LTL revenue per hundredweight rising 1.2%. CEO Marty Freeman emphasized the impact of a soft domestic economy and affirmed the company’s commitment to yield management and high service standards, maintaining a 99% on-time service rate.

Source: https://www.logisticsmgmt.com/article/old_dominion_freight_line_issues_november_operating_metrics/