Old Dominion leaning on cost controls, yield management amid tonnage declines
Update: 2025-10-30
Description
Old Dominion Freight Line's Q3 results show a challenging freight market, with earnings and revenue down compared to last year, despite slightly beating analyst expectations. The company managed to boost yield despite fewer and lighter loads, but faces challenges in the industrial and housing markets. Despite these hurdles, Old Dominion is focusing on cost control and service levels, with a new general rate increase and excess terminal capacity to potentially gain market share when demand improves.
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