THOMASVILLE, N.C. — Old Dominion Freight Line, Inc. today reported that August 2016 LTL tons per day decreased 1.4 percent from the same period last year. The drop was due, the company reported, to a 1.5 percent decrease in LTL shipments per day and a 0.1 percent increase in LTL weight per shipment.
“The decline in Old Dominion’s LTL tons per day for August reflects an operating environment that continued to be challenging,” said Vice Chairman and Chief Executive Officer David S. Congdon. “The pricing environment has remained relatively stable, however, and quarter-to-date LTL revenue per hundredweight, excluding fuel surcharges, increased between 2.0 percent and 2.5 percent compared to August 2015. As a result, our quarter-to-date total revenue per day was slightly below the same period of 2015.”
Old Dominion July 28 disclosed revenue of $1.463 billion for the first six months of 2016, up 0.3 percent from the same period last year. However, six-month net income fell 4.3 percent from 2015 to $141.7 million, the company reported.
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