THOMASVILLE, N.C. – (June 1, 2016) – Old Dominion Freight Line, Inc. (NASDAQ: ODFL) today reported certain less-than-truckload (“LTL”) operating metrics for May 2016. LTL shipments per day increased 0.2% as compared to May 2015. LTL tons per day decreased 1.0% as compared to May 2015 due to a 1.3% decrease in
LTL weight per shipment.
David S. Congdon, Vice Chairman and Chief Executive Officer of Old Dominion, commented, “Old Dominion’s results for May continue to reflect a challenging business environment with ongoing softness in the U.S. economy. While our LTL tons per day decreased on a year-over-year basis, we are encouraged by the growth
in LTL revenue per day that progressed throughout May. In addition, the pricing environment has continued to be relatively stable and our quarter-to-date LTL revenue per hundredweight, excluding fuel surcharges, increased by approximately 3%. We will continue to focus on delivering superior service at a fair price and believe these fundamentals will produce long-term growth for our company.”
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