Form 10-Q · Quarterly report
Old Dominion 10-Q, filed Aug 5, 2026
- Filed
- CIK
- 0000878927
- Accession no.
- 0000878927-26-000023
Summary
Old Dominion Freight Line reported second-quarter 2026 revenue of $1.554 billion, up 10.4% year over year, and net income of $350.6 million, up 30.5%, with diluted earnings per share of $1.68, as a 15.2% rise in LTL revenue per hundredweight offset a 4.1% decline in LTL tonnage per day. For the first six months of 2026, revenue rose 3.8% to $2.889 billion and net income rose 12.5% to $588.9 million, with the company attributing the results to yield management and cost control that improved its operating ratio to 70.1% in the quarter.
Key points
- Second-quarter 2026 operating ratio improved to 70.1% from 74.6% a year earlier, and to 72.9% from 75.0% for the first six months.
- LTL revenue per hundredweight rose 15.2% in the quarter, or 5.5% excluding fuel surcharges, while LTL shipments per day fell 5.7% and weight per shipment rose 1.7%.
- First-half 2026 diluted earnings per share were $2.82, up 14.6% from $2.46.
- July 2026 revenue per day increased 8.2% year over year, with LTL revenue per hundredweight up 9.3% and LTL tons per day down 1.0%.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management’s Discussion Overview We are one of the largest North American less-than-truckload (“LTL”) motor carriers and provide regional, inter-regional and national LTL services through a single integrated, union-free organization. Our service offerings, which include expedited transportation, are provided through an expansive network of service centers located throughout the continental United States. Through strategic alliances, we also provide LTL services throughout North America. In addition to our core LTL services, we offer a range of value-added services including container drayage, truckload brokerage and supply chain consulting. …
An excerpt of the text as filed with the SEC, cut for length.
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