Back to top

Image: Shutterstock

Old Dominion Unveils Weak LTL Unit Performance for November

Read MoreHide Full Article

Key Takeaways

  • Old Dominion's November revenue per day dropped 4.4% due to a 10% decline in LTL tons per day.
  • ODFL saw a 9.4% drop in LTL shipments per day and a 0.6% dip in weight per shipment in November 2025.
  • Quarter to date, LTL revenue per hundredweight rose 5.9%, excluding fuel surcharges, it rose 5.2%.

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

Old Dominion's revenue per day fell 4.4% year over year in November2025, owing to a 10% decrease in LTL tons per day, which was partially offset by an increase in LTL revenue per hundredweight. The reduction in LTL tons per day was owing to a 9.4% decrease in LTL shipments per day and a 0.6% decrease in LTL weight per shipment.

Quarter to date, Old Dominion’s LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 5.9% and 5.2%, respectively, year over year.

Marty Freeman, president and chief executive officer of Old Dominion, stated, “Old Dominion’s revenue results for November reflect ongoing softness in the domestic economy, which contributed to a decrease in our volumes. We continued to deliver best-in-class service, which supports our yield management initiatives and ability to increase our LTL revenue per hundredweight. Our team will continue to focus on these core elements of our long-term strategic plan, which we believe has produced a strong track record of financial performance. This plan has also helped us create an unmatched value proposition that we believe will support our ability to win market share and increase shareholder value over the long-term.”

ODFL’s Zacks Rank & Price Performance

ODFL currently carries a Zacks Rank #4 (Sell).

Shares of ODFL have plunged 12.4% over the past six months against 3.6% growth of the transportation-truck industry.

ODFL Stock Six-Month Price Comparison

Zacks Investment Research Image Source: Zacks Investment Research

Stocks to Consider

Investors interested in the Transportation sector may also consider LATAM Airlines Group (LTM - Free Report) and SkyWest, Inc. (SKYW - Free Report) . Each stock presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

LTM has an expected earnings growth rate of 52.63% for the current year. The company has a solid earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters, and met in the remaining one, delivering an average beat of 29.84%. The Zacks Consensus Estimate for LTM’s 2025 earnings has moved 5.34% north in the past 60 days.

SkyWest has an expected earnings growth rate of 32.95% for the current year. It has an impressive earnings surprise history. The company’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, delivering an average beat of 21.24%. The Zacks Consensus Estimate for SkyWest’s 2025 earnings has moved 3.82% north in the past 60 days.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Old Dominion Freight Line, Inc. (ODFL) - free report >>

SkyWest, Inc. (SKYW) - free report >>

LATAM Airlines Group S.A. (LTM) - free report >>

Published in