The company said revenue per day decreased 5.2% in August 2024 from August 2023. It cited a 6.1% decrease in LTL tons per day as the main factor, which was partially offset by an increase in LTL revenue per hundredweight.

1. 01

   The company said revenue per day decreased 5.2% in August 2024 from August 2023. It cited a 6.1% decrease in LTL tons per day as the main factor, which was partially offset by an increase in LTL revenue per hundredweight.

2. 02

   The company said LTL tons per day in August reflected a 5.0% decrease in LTL shipments per day and a 1.1% decrease in LTL weight per shipment.

3. 03

   The company said that on a quarter-to-date basis, LTL revenue per hundredweight rose 3.0% year over year, and LTL revenue per hundredweight excluding fuel surcharges rose 4.9%.

4. 04

   Marty Freeman, President and Chief Executive Officer of Old Dominion, said August revenue results reflected continued softness in the domestic economy and the impact of lower fuel surcharge revenue on yields, the company said. It also said LTL shipments per day in August were roughly consistent with July and its year-to-date average since the start of this year.

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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

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