Daily Archives: July 28, 2016

OLD DOMINION FREIGHT LINE ANNOUNCES EARNINGS PER DILUTED SHARE OF $0.98 FOR 2016 SECOND QUARTER

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THOMASVILLE, N.C. – (July 28, 2016) – Old Dominion Freight Line, Inc. (NASDAQ: ODFL) today announced financial results for the three-month and six-month periods ended June 30, 2016, which include the following:

“Old Dominion continued to provide outstanding customer service during the second quarter of 2016, but our quarterly revenue was once again negatively impacted by reductions in both fuel surcharges and non-LTL revenue,” said David S. Congdon, Vice Chairman and Chief Executive Officer of Old Dominion. “These factors, combined with a domestic economy that remained sluggish, resulted in our first quarterly year-over-year decline in revenue since the fourth quarter of 2009.

“Old Dominion’s revenue for the second quarter includes a 0.8% increase in LTL revenue per hundredweight that was partially offset by a 0.3% decrease in LTL tonnage per day. Excluding fuel surcharges, LTL revenue per hundredweight increased 2.7% during the second quarter as the pricing environment remained relatively stable. We have not changed our pricing philosophy or commitment to price discipline, but changes to our weight per shipment and mix of freight continue to impact our yield metrics.

Read more at odfl.com

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Blue Dart Sales at Rs. 621.37 crores

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– The Company posted Rs. 44.08 crores profit after tax
Mumbai : July 28, 2016

Blue Dart Express Limited, South Asia’s premier express air and integrated transportation, distribution and logistics Company, today declared its financial results for the quarter ended June 30, 2016, at its Board Meeting held in Mumbai.

The company posted Rs. 44.08 crores profit after tax for the quarter ended June 30, 2016. Net Sales/Income from operations for the quarter ended June 30, 2016 stood at Rs. 621.37 crores.

Anil Khanna, Managing Director, Blue Dart said, “Our focus on delivering a positive customer experience and delight is unwavering. Our people and strategy is aligned to cater to India’s express logistics requirements. Despite a restrained macro-economic environment, our commitment to India’s business has been strengthened with our continued investments in technology, aviation and ground infrastructure, focus on core express products/services in air, ground and e-tail”.

Read more at bluedart.com

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