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Old Dominion logoOld Dominion ODFL

The company said revenue per day rose 5.6% in May 2024 from May 2023. It attributed the increase to a 1.5% rise in LTL tons per day and higher LTL revenue per hundredweight.

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said revenue per day rose 5.6% in May 2024 from May 2023. It attributed the increase to a 1.5% rise in LTL tons per day and higher LTL revenue per hundredweight.

  2. The company said LTL tons per day rose 1.5% in May, driven by a 2.3% increase in LTL shipments per day, partly offset by a 0.7% decrease in LTL weight per shipment.

  3. Old Dominion said LTL revenue per hundredweight for the quarter-to-date period rose 4.2% from the same period last year, or 4.7% excluding fuel surcharges.

  4. The company said Marty Freeman, its President and Chief Executive Officer, noted that results for May included increases in both volumes and yield, and that LTL revenue per hundredweight continued to improve.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Old Dominion Reports May 2024 Revenue per Day Up 5.6%

The company said revenue per day rose 5.6% in May 2024 from May 2023. It attributed the increase to a 1.5% rise in LTL tons per day and higher LTL revenue per hundredweight.

Source · Based on the filing body and exhibits

Volume Growth Mix in May LTL Tons per Day

The company said LTL tons per day rose 1.5% in May, driven by a 2.3% increase in LTL shipments per day, partly offset by a 0.7% decrease in LTL weight per shipment.

Source · Based on the filing body and exhibits

Quarter-to-Date LTL Revenue per Hundredweight Up

Old Dominion said LTL revenue per hundredweight for the quarter-to-date period rose 4.2% from the same period last year, or 4.7% excluding fuel surcharges.

Source · Based on the filing body and exhibits

Marty Freeman Comments on May Results as President and CEO

The company said Marty Freeman, its President and Chief Executive Officer, noted that results for May included increases in both volumes and yield, and that LTL revenue per hundredweight continued to improve.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.