First look: Old Dominion almost a sub-70 OR

Old Dominion is getting precise adjacent to having an operating ratio that begins with a six.

Second 4th net for the LTL bearer produced an OR of 70.1%. It's a crisp betterment implicit a twelvemonth ago, erstwhile the 2nd 4th of 2025 produced an OR of 74.6%.

For the six months, the company's OR is present 72.9%.

Old Dominion produced the show adjacent arsenic astir of its metrics that measurement however overmuch concern it conducted were down. Compared to a twelvemonth ago, the institution shipped less tons, had little tonnage per time and had reduced shipments.

But its gross per hundredweight excluding substance roseate 5.5% to $29.71. Revenue per hundredweight including fuel, which appears to person been a tailwind for the institution during the quarter, jumped to $37.84 from $32.84.

Revenue per shipment excluding substance took a bigger jump, up 7.2%.

Weight per shipment inched up 1.7%.

In the prepared connection released successful conjunction with the earnings, Old Dominion CEO Marty Freeman said the institution besides had a 99% on-time work complaint and a claims ratio of conscionable 0.1%.

"The spot of our 2nd 4th fiscal results reflects continued betterment successful request trends and the benefits of our semipermanent absorption connected output subject and operational execution," Freeman said.

Old Dominion, similar respective different publicly-traded LTL companies, has had a unsmooth tally since aboriginal June. The vague menace of Amazon efforts successful the LTL abstraction person sent respective LTL stocks sinking since then.

Old Dominion's 52-week precocious was connected June 9 astatine $252.03. It closed Tuesday astatine $226.28 but is inactive up 37.7% successful the past 52 weeks.

Earnings per stock of $1.68 were reported by SeekingAlpha to person beaten the Wall Street statement by 15 cents. Revenue of $1.55 cardinal was somewhat higher than the consensus.

An net telephone is acceptable for 10 a.m. EDT.

 More articles by John Kingston

The station First look: Old Dominion astir a sub-70 OR appeared archetypal connected FreightWaves.