OLD DOMINION REPORTS MARKET SOFTNESS, TONNAGE DECLINES
https://s.yimg.com/ny/api/res/1.2/LDx5Zkc1HLSvV4U_axEaCw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/trucking_dive_703/3221d55e59ac3e8ad089a736b995927b
✍️ Old Dominion Freight Line reported a decline in LTL tonnage and shipments in Q3, with operating income down 10.2% compared to the same time frame a year ago.
👉 LTL tonnage per day was down 9% 👉 LTL shipments decreased by 7.9% 👉 October revenue per day was down approximately 6.5% to 7% compared to a year ago 👉 LTL tonnage per day decreased by 11.6% in October 👉 The company announced a 4.9% general rate increase in October
-- #AdamSatterfield #MartyFreeman #business
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