Old Dominion Unveils Weak LTL Unit Performance for November

Core Insights - Old Dominion Freight Line, Inc. (ODFL) reported a decline in its less-than-truckload (LTL) segment performance for November 2025, indicating ongoing challenges in the domestic economy [1][3] Financial Performance - Revenue per day for Old Dominion fell by 4.4% year over year in November 2025, primarily due to a 10% decrease in LTL tons per day [2][6] - The decline in LTL tons per day was attributed to a 9.4% drop in LTL shipments per day and a 0.6% decrease in weight per shipment [2][6] - For the quarter to date, LTL revenue per hundredweight increased by 5.9%, while LTL revenue per hundredweight excluding fuel surcharges rose by 5.2% year over year [2][6] Management Commentary - The CEO of Old Dominion highlighted that the revenue results reflect the softness in the domestic economy, which has impacted volumes [3] - The company continues to focus on delivering best-in-class service to support yield management initiatives and increase LTL revenue per hundredweight [3] Market Position - Old Dominion currently holds a Zacks Rank of 4 (Sell), with shares declining by 12.4% over the past six months, contrasting with a 3.6% growth in the transportation-truck industry [4]