Old Dominion reports market softness, tonnage declines
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. Old Dominion Freight Line reported continued softness in the market with Q3 metrics showing declines in LTL tonnage and shipments. Operating income was down 10.2% in Q3 compared to the same time frame a year ago, and its operating ratio ticked up to 74.3%, compared to 72.7% YoY, amid rising overhead costs per an earnings release. “It's been a very disruptive and ...