News & Videos - OLD DOMINION FREIGHT LINE INC.

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and six-month periods ended June 30, 2023. Three Months Ended Six Months Ended June 30, June 30, (In thousands, except per share amounts) 2023 2022 % Chg. 2023 2022 % Chg. Total revenue $ 1,413,189 $ 1,667,448 (15.2 )% $ 2,855,325 $ 3,164,728 (9.8 )% LTL services revenue $ 1,397,815 $ 1,644,659 (15.0 )% $ 2,822,187 $ 3,120,440 (9.6 )% Other services revenue $ 15,374 $ 22,789 (32.5 )% $ 33,138 $...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.40 per share of common stock, payable on September 20, 2023, to shareholders of record at the close of business on September 6, 2023. This dividend represents a 33.3% increase over the dividend paid in September 2022. Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today the release of its 2022 Environmental, Social and Governance (ESG) Report. The 2022 ESG Report content has been informed by the Sustainability Accounting Standards Board (SASB) Road Transportation Sustainability Accounting Standard and is reported with reference to the Global Reporting Initiative (GRI) standards. The ESG Report is available under the Corporate Responsibility section of the Company’s investor website at ir.odfl.com...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its second quarter 2023 financial results before opening of trading on Wednesday, July 26, 2023. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, July 26, 2023. An online, real-time webcast of Old Dominion’s quarterly conference call will be available at www.odfl.com on Wednesday, July 26, 2023, at 10:00 a.m. (Eastern Time)....

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for May 2023. Revenue per day decreased 15.7% as compared to May 2022 primarily due to a 14.4% decrease in LTL tons per day. The change in LTL tons per day was attributable to an 11.4% decrease in LTL shipments per day and a 3.4% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.40 per share of common stock, payable on June 21, 2023, to shareholders of record at the close of business on June 7, 2023. This dividend represents a 33.3% increase over the dividend paid in June 2022. Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that effective immediately, its Board of Directors has elected Christopher J. Kelley, who currently serves as the Company’s Vice President – Central States Region, to serve as the Company’s Senior Vice President – Operations. Greg C. Gantt, the Company’s President and Chief Executive Officer, said, “This promotion reflects Chris’ outstanding prior contributions to our Company and our confidence in his leadership. Chris...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month period ended March 31, 2023. Three Months Ended March 31, (In thousands, except per share amounts) 2023 2022 % Chg. Total revenue $ 1,442,136 $ 1,497,280 (3.7 )% LTL services revenue $ 1,424,372 $ 1,475,781 (3.5 )% Other services revenue $ 17,764 $ 21,499 (17.4 )% Operating income $ 383,049 $ 405,618 (5.6 )% Operating ratio 73.4 % 72.9 % Net income $ 285,038 $ 299,751 (4.9 )% Diluted earnings per...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its first quarter 2023 financial results before opening of trading on Wednesday, April 26, 2023. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, April 26, 2023. An online, real-time webcast of Old Dominion’s quarterly conference call will be available at www.odfl.com on Wednesday, April 26, 2023, at 10:00 a.m. (Eastern...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for February 2023. Revenue per day decreased 2.9% as compared to February 2022 due to a 12.4% decrease in LTL tons per day that was partially offset by an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 10.1% decrease in LTL shipments per day and a 2.5% decrease in LTL weight per shipment. For the quarter-to-date period, LTL...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that effective July 1, 2023, its Board of Directors has elected Gregory B. Plemmons, who currently serves as Senior Vice President – Sales, to succeed Kevin M. (“Marty”) Freeman as the Company’s Executive Vice President and Chief Operating Officer and Steven W. Hartsell, who currently serves as Vice President – Field Sales, to succeed Mr. Plemmons as the Company’s Senior Vice President – Sales. As previously announced,...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and twelve-month periods ended December 31, 2022. Three Months Ended Twelve Months Ended December 31, December 31, (In thousands, except per share amounts) 2022 2021 % Chg. 2022 2021 % Chg. Total revenue $ 1,491,659 $ 1,410,358 5.8 % $ 6,260,077 $ 5,256,328 19.1 % LTL services revenue $ 1,473,663 $ 1,389,776 6.0 % $ 6,177,055 $ 5,177,497 19.3 % Other services revenue $ 17,996 $ 20,582 (12.6 )% $...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that effective July 1, 2023, its Board of Directors has elected Kevin M. (“Marty”) Freeman to succeed Greg C. Gantt as the Company’s President and Chief Executive Officer. Mr. Gantt will retire from the Company effective June 30, 2023, but expects to remain a member of the Company’s Board of Directors. Mr. Freeman, who has served as the Company’s Executive Vice President and Chief Operating Officer since May 2018, joined...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its fourth quarter and year-end 2022 financial results before opening of trading on Wednesday, February 1, 2023. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, February 1, 2023. An online, real-time webcast of Old Dominion’s quarterly conference call will be available at www.odfl.com on Wednesday, February 1, 2023, at...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced a general rate increase (GRI) of 4.9 percent applicable to rates established under the existing ODFL 559, 670, and 550 tariffs, effective January 3, 2023. Todd A. Polen, Old Dominion Freight Line’s Vice President – Pricing Services, commented, “The general rate increase is based on the Company’s economic forecast and expectations for the operating environment. We must continue enhancing our high-quality service network and...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for November 2022. Revenue per day increased 7.3% as compared to November 2021 due to an increase in LTL revenue per hundredweight that was slightly offset by an 8.6% decrease in LTL tons per day. The change in LTL tons per day was attributable to a 7.3% decrease in LTL shipments per day and a 1.4% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced financial results for the three-month and nine-month periods ended September 30, 2022. The financial results for the third quarter of 2022 include a one-time reduction in salaries, wages and benefit expense of $15.8 million attributable to the termination of the employment agreement with the Company's Executive Chairman in August 2022. While our Executive Chairman remains employed by the Company, the termination of this agreement...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today announced that its Board of Directors has declared a quarterly cash dividend of $0.30 per share of common stock, payable on December 21, 2022, to shareholders of record at the close of business on December 7, 2022. This dividend represents a 50.0% increase over the dividend paid in December 2021. Forward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of...

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its third quarter 2022 financial results before opening of trading on Wednesday, October 26, 2022. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, October 26, 2022. An online, real-time webcast of Old Dominion’s quarterly conference call will be available at www.odfl.com on Wednesday, October 26, 2022, at 10:00 a.m....

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for August 2022. Revenue per day increased 14.5% as compared to August 2021 due to an increase in LTL revenue per hundredweight that was slightly offset by a 0.9% decrease in LTL tons per day. The change in LTL tons per day was attributable to a 2.7% decrease in LTL shipments per day that was partially offset by a 1.8% increase in LTL weight per shipment. For the...