Old Dominion Freight: Navigating a Sluggish Market

Old Dominion Freight Line's shipping volumes are still falling, with August tonnage down 9.2% year-over-year, a steeper drop than July. Despite this, revenue per shipment is up, suggesting customers value their service. But with manufacturing slow and the freight market soft, Old Dominion's stock took a hit as they navigate weak demand by focusing on high-value service over volume. Hosted on Acast. See acast.com/privacy for more information.