ODFL Provides Update for Third Quarter 2016


THOMASVILLE, N.C. – (September 2, 2016) – Old Dominion Freight Line, Inc. (NASDAQ: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for August 2016. LTL tons per day decreased 1.4% as compared to August 2015 due to a 1.5% decrease in LTL shipments per day and a 0.1% increase in LTL weight
per shipment.

David S. Congdon, Vice Chairman and Chief Executive Officer of Old Dominion, commented, “The decline in Old Dominion’s LTL tons per day for August reflects an operating environment that continued to be challenging. The pricing environment has remained relatively stable, however, and quarter-to-date LTL revenue per hundredweight, excluding fuel surcharges, increased between 2.0% and 2.5% as compared to the same period of last year. As a result, our quarter-to-date total revenue per day was slightly below the same period of 2015.”

Read more at odfl.com

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