The Old Dominion Cargo Line (NASDAQ: ODFL), operated as a truck-in-track athletics department in North America, provided operational metrics in May 2025.
- The company said its daily revenue fell 5.8% in May 2025, a 5.8% decrease compared to the same period last year.
- The decline in revenue reflects an 8.4% decrease in LTL tonnes per day, partially offset by an increase in LTL revenue per 100 weight
- There was LTL shipments per day decrease by 6.8% LTL weight per shipment is reduced by 1.9%, facilitating a reduction in LTL tons per day
- The results for May reflect the continued softness of the domestic economy and the impact of lower fuel prices on yields
- Each quarter, LTL revenue per 100 weight and LTL revenue per 100 weight, excluding fuel additional charges, increased by 3.2% and 5.6%, respectively.
- Management said they will continue to focus on implementing long-term strategic plans, even if the macroeconomic environment remains uncertain.
