Old Dominion Freight Line Provides Update for Fourth Quarter 2024
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Old Dominion Freight Line reported a decrease in revenue per day by 8.2% for November 2024 compared to November 2023, due to a decline in LTL tons per day and a slight decrease in LTL revenue per hundredweight.
December 03, 2024 | 10:30 pm
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Old Dominion Freight Line reported an 8.2% decrease in revenue per day for November 2024 compared to the previous year, driven by a decline in LTL tons per day and a slight decrease in LTL revenue per hundredweight.
The reported decrease in revenue per day and LTL tons per day indicates a potential decline in demand or operational efficiency, which could negatively impact ODFL's stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100