Old Dominion Freight Line
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Less than Truckload
Less-than-truckload carriers are left out of the weak volume conversation
A great deal of focus has been placed on the seasonal weakness in TL volumes, but LTL volume weakness is…
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Less than Truckload
Old Dominion report sees an LTL market that is slowing
Saia's interim report also showed a slowdown in LTL activity.
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Trucking
Today’s Pickup: Old Dominion pledges disaster relief support to Red Cross; teen inventors
Old Dominion has made a commitment to donate up to $250,000 to the American Red Cross Disaster Relief fund.
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Company earnings
Updated: Old Dominion beats earnings on lower OR, but no 2019 revenue guidance
CEO Gantt lowered capex guidance by $10 million to $480 million, likely reflecting top line headwinds, but we’re waiting to…
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Less than Truckload
AS YRC’s workers chew over contract, management tries to change the pricing narrative
As workers decide their fate, management works to wean itself off high-volume business.
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Less than Truckload
Old Dominion raising rates 4.9% on May 1
The increase comes after a first quarter update that was strong on the pricing side but a little weaker on…
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Economics
At Stifel, Satterfield explained what Old Dominion does with all that cash
ODFL spends money on aggressive capex building out its network of service centers and maintaining a low tractor-to-trailer ratio, as…
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Company earnings
Trucking stock prices have plummeted; upcoming earnings will show whether that was justified
Everyone knew the quarter was weaker than it had been. The question is how much. Stock prices have reflected a…
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Canada
Today’s Pickup: Port of Los Angeles delay ‘worse than it was earlier this year,’ shipper says
Even the Port’s director agrees something needs to be done; East Coast port notches new record; ATA crows about California…
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Legal issues
Gov’t lawsuit against YRC shines light on LTL reweighing practices
Suit alleging millions in DoD overcharges centers on proper reweighing.
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