ODFL - Old Dominion Freight Line provides Q4 LTL data

Old Dominion Freight Line ([[ODFL]] +1.3%) reported revenue per day + 6.3% (Y/Y), reflecting a 5.2% increase in LTL tons per day and an increase in LTL revenue per hundredweight.Change in LTL tons per day was attributable to a 2.6% increase in LTL weight per shipment and a 2.5% increase in LTL shipments per day.For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight excluding fuel surcharges increased 0.5% (Y/Y) and 3.8% (Y/Y).“The company is trading at a forward P/E of 36.2x. The company has practically zero debt, earns a return well in excess of its peers, and is still growing market share,” mentions SA contributor Value Kicker, with a Bullish rating.“I am positive on ODFL as a company, but the lofty price tag is a concern. Admittedly, the improving freight trendline, along with the strong cost discipline at ODFL, deserves credit, but at c. 30x earnings,

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Old Dominion Freight Line provides Q4 LTL data