Old Dominion Freight Line (ODFL) Provides Update for Q1

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for February 2018. LTL tons per day increased 17.9% as compared to February 2017 due to a 13.0% increase in LTL shipments per day and a 4.4% increase in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight increased 5.9% as compared to the same period last year.

David S. Congdon, Vice Chairman and Chief Executive Officer of Old Dominion, commented, “Our quarter-to-date revenue growth accelerated as compared to the growth rate in our fourth quarter of 2017, as we continue to benefit from ongoing strength in the domestic economy and a positive yield environment. We believe that we can win additional market share in this current environment by continuing to deliver superior service at a fair price, while also investing in the long-term capacity of our network to support increasing customer demand. By continuing to focus on these fundamental principles, we expect to drive further growth in long-term shareholder value.”

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