Old Dominion Net Income Climbs 16%
Old Dominion Freight LineĢżrode a 13% increase in shipments to raise quarterly net income 16% to $85.6 million, or $1 per share.
The volume increase helped to improve the operating ratio at Old Dominion,Ģżthe No. 4 LTL on the Transport Topics Top 100 list, to 81.5, as revenue climbed 8.8% to $762.2 million for the 11th-largest carrier in the United States and Canada.
āThese . . . results reflect our continued ability to win market share,ā CEO David Congdon said. āWe remain committed to the substantial and ongoing investments necessary to provide capacity for further growth.ā
Old Dominionās revenue per hundred weight slipped 0.8%, also including fuel surcharges.Ģż
