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Old Dominion Freight Line sees faster August yield growth despite tonnage decline

Old Dominion Freight Line logoOld Dominion Freight Line
Sig1.45Sen+1.60Env0.00Soc0.00Gov0.00

Old Dominion Freight Line reported August daily revenue growth of 12.4% year over year as yield acceleration outweighed a slightly negative tonnage trend. Revenue per hundredweight rose about 13% with fuel surcharges and about 5.5% excluding them, while diesel prices climbed sharply year over year, supporting margins via surcharge step-ups.

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