Old Dominion Shares Surge on Pricing Power
Update: 2025-12-04
Description
Old Dominions shares surged by over four percent in morning trading, following a drop in shipping volumes. Investors focused on the companys improved pricing power, with LTL revenue per hundredweight increasing. An analyst from B of A Securities maintained a neutral rating but raised the price target, indicating optimism. Despite the initial surge, shares settled slightly, still up by four percent from the previous closing price.
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