Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its first quarter 2025 financial results before opening of trading on Wednesday, April 23, 2025. 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 23, 2025.

Old Dominion Freight Line, Inc. reported that its February 2025 revenue per day decreased by 5.0% compared to February 2024, primarily due to a 7.1% decline in less-than-truckload (LTL) tons per day. This drop resulted from a 5.9% decrease in LTL shipments per day and a 1.3% decline in LTL weight per shipment. However, LTL revenue per hundredweight increased by 2.6%, and by 4.3% when excluding fuel surcharges.

CEO Marty Freeman attributed the revenue decline to economic softness and lower fuel prices but expressed optimism about demand for the company's services. He reaffirmed Old Dominion’s commitment to providing high-quality service and managing business growth effectively.

The company cautioned that forward-looking statements involve risks such as economic downturns, fuel price fluctuations, labor costs, and regulatory changes. It remains focused on long-term profitable revenue growth and shareholder value. Old Dominion continues to operate as one of North America’s largest less-than-truckload carriers, offering regional and national services through a non-unionized network.

Old Dominion Freight Line Reports Fourth Quarter 2024 Earnings and Announces Dividend Increase

Old Dominion Freight Line, Inc. (Nasdaq: ODFL) reported its financial results for the fourth quarter and full year of 2024, with a 7.3% decrease in quarterly revenue to $1.39 billion. Net income for the quarter was $263.1 million, down 18.5% from the same period in 2023, and diluted earnings per share dropped 16.3% to $1.23. The company attributed the decline primarily to an 8.2% decrease in LTL tons per day.

Despite the revenue drop, the company maintained strong service performance with a 99% on-time delivery rate and a cargo claims ratio below 0.1%. Operating income for the quarter also declined by 20.7%, and the operating ratio worsened to 75.9% due to the revenue drop.

Old Dominion generated $401.1 million in net cash from operating activities during the quarter and announced plans for capital expenditures in 2025 totaling $575 million.

In a positive development for shareholders, the company declared a 7.7% increase in its quarterly dividend, raising it to $0.28 per share, payable on March 19, 2025. This increase follows the company's March 2024 two-for-one stock split.