Old Dominion Unveils Solid LTL Unit Performance for August

Old Dominion Freight Line, Inc. (ODFL) has provided an update on the performance of its less-than-truckload (LTL) segment, which is its primary revenue generator, for August.

Old Dominion's revenue per day increased 12.4% year over year in August 2026, owing to an increase in LTL revenue per hundredweight, which was partially offset by a 0.9% decrease in LTL tons per day. The reduction in LTL tons per day was owing to a 2.4% decrease in LTL shipments per day, which was partially offset by a 1.7% increase in LTL weight per shipment. 

Quarter to date, Old Dominion’s LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 11.3% and 4.8%, respectively, year over year.

Marty Freeman, president and chief executive officer of Old Dominion, stated, “Old Dominion produced solid revenue growth for July and August, with underlying demand trends remaining relatively consistent as the quarter has progressed. In addition, the strength and consistency of our industry-leading service continue to support the ongoing improvement in our LTL revenue per hundredweight. Our value proposition remains best-in-class, and we have all the necessary elements of capacity in place to support volume growth as the business environment evolves. As a result, we remain confident that through the continued execution of our long-term strategic plan, we are well positioned to win profitable market share and increase shareholder value over the long term.”

ODFL’s Zacks Rank & Price Performance

ODFL currently carries a Zacks Rank #2 (Buy).

Shares of ODFL have gained 19.6% so far this year compared with 25.7% growth of the transportation-truck industry.

ODFL Stock’s YTD Price Comparison

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Other Stocks to Consider

Investors interested in the Zacks Transportation sector may consider Expeditors International of Washington, Inc. EXPD and Seanergy Maritime Holdings SHIP. 

Expeditors currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

EXPD has an expected earnings growth rate of 28.6% for 2026.  The company has an encouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 17.15%.

Seanergy Maritime Holdings currently sports a Zacks Rank #1.

SHIP has an expected earnings growth rate of more than 100% for the current year. The company has an encouraging earnings surprise history. Its earnings topped the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average beat of 38%.

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This article originally published on Zacks Investment Research (zacks.com).

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