SUPL - Why Old Dominion Freight Line Shares Are Slumping Today | Benzinga
Old Dominion Freight Line, Inc. (NASDAQ:ODFL) shares are trading lower following a first-quarter FY24 revenue miss.
Revenue rose 1.2% Y/Y to $1.460 billion, missing the consensus of $1.473 billion.
The increase in revenue is primarily due to a 4.1% rise in LTL revenue per hundredweight, which was partly offset by a 3.2% decrease in LTL tons per day.
LTL tons per day decline reflects a 2.7% Y/Y decrease in LTL weight per shipment and a 0.5% Y/Y decrease in ...