Topic
old dominion
Logistics Old Dominion Plans More Capex, Eyes Sub-70 Operating Ratio After Q2 Improvement
Old Dominion Freight Lines reported a Q2 2026 operating ratio of 70.1%, improving from 74.6% a year earlier, aided by real estate gains. The LTL carrier increased its 2026 capital expenditure budget to $380 million, pulling forward equipment purchases from 2027. CFO Adam Satterfield highlighted sequential improvements in revenue per day (up 14.6%) and tonnage per day (up 4%), while noting the sub-70% OR remains the target.
Logistics Old Dominion nearly breaks 70% operating ratio in Q2 despite lower volumes
Old Dominion reported a Q2 operating ratio of 70.1%, its best in recent years, driven by disciplined yield management. Revenue per hundredweight excluding fuel increased 5.5% to $29.71, while tonnage declined. The carrier also achieved a 99% on-time service rate and a 0.1% claims ratio.
Logistics Old Dominion's May Update Shows LTL Market Recovery
Old Dominion Freight Line reports a 12.3% year-over-year increase in revenue per day for May, reflecting an improving less-than-truckload (LTL) market. Despite a slight decline in tonnage, the company benefits from rising diesel prices and heavier shipment weights.