Old Dominion Freight Line LTL tons per day drops 1.4% in August
OLD Dominion Freight Line, Inc has announced that less-than-truckload (LTL) tonnes per day in August declined slightly by 1.4% compared to the same month last year.
The company attributed the decrease to a 1.5% reduction in LTL shipments per day and a 0.1% increase in LTL weight per shipment.
CEO David Congdon said that "The decline in Old Dominion's LTL tons per day for August reflects an operating environment that continued to be challenging.”
He said that "The pricing environment has remained relatively stable, however, and quarter-to-date LTL revenue per hundredweight, excluding fuel surcharges, increased between 2% and 2.5% as compared to the same period last year.”
"As a result, our quarter-to-date total revenue per day was slightly below the same period of 2015," he said.
The company provides regional, inter-regional and national LTL services, including ground and air expedited transportation and consumer household pickup and delivery. In addition to its core LTL services it offers container drayage, truckload brokerage, supply chain consulting and warehousing as value-added services.
Tag Keyword: OLD Dominion Freight Line , Less Than Truckload , Revenue , Supply Chain