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Old Dominion Freight Line Provides Update for Fourth Quarter 2025
Businesswire· 2025-12-02 22:15
Core Insights - Old Dominion Freight Line reported a 4.4% decrease in revenue per day for November 2025 compared to November 2024, driven by a 10.0% decline in LTL tons per day, which was partially offset by an increase in LTL revenue per hundredweight [1][2] - The decrease in LTL tons per day was due to a 9.4% drop in LTL shipments per day and a 0.6% reduction in LTL weight per shipment [1] - For the quarter-to-date period, LTL revenue per hundredweight increased by 5.9%, while LTL revenue per hundredweight excluding fuel surcharges rose by 5.2% compared to the same period last year [1] Financial Performance - Total revenue for the three months ended September 30, 2025, was $1,406.5 million, a 4.3% decrease from $1,470.2 million in the same period of 2024 [6] - For the nine months ended September 30, 2025, total revenue was $4,189.1 million, down 5.4% from $4,428.9 million in 2024 [6] Dividend Announcement - The Board of Directors declared a quarterly cash dividend of $0.28 per share, representing a 7.7% increase from the dividend paid in December 2024, payable on December 17, 2025 [7] Sustainability Initiatives - Old Dominion released its 2024 Sustainability Report, which aligns with the Sustainability Accounting Standards Board (SASB) Road Transportation Sustainability Accounting Standard and references the Global Reporting Initiative (GRI) standards [8]