Why Is Old Dominion Stock Falling Wednesday? - Old Dominion Freight Line (NASDAQ:ODFL)

Old Dominion notes retail improvement, early optimism with industrial

The LTL carrier profits slightly shrank as shipments declined, but executives noted some momentum.

ODFL Reports Improving Q1 Demand Despite Top-Line Decline

Old Dominion Freight Line saw demand for its services improve during Q1 despite a year-over-year decline in revenue and earnings, the company reported April 29.

Why Is Old Dominion Stock Falling Wednesday? - Old Dominion Freight Line (NASDAQ:ODFL)

Old Dominion Freight Line Inc. (NASDAQ:ODFL) shares fell Wednesday after the company reported first-quarter 2026 results. Revenue and Earnings Revenue declined 2.9% year over year to $1.335 billion, topping analyst expectations of $1.312 billion. The decrease was driven by a 7.7% drop in less-than-truckload (LTL) tons per day, reflecting a 7.9% decline in shipments per day during the quarter. LTL revenue per hundredweight, excluding fuel surchar…

Old Dominion Freight Line shows signs of breaking out of revenue slump

"While our first-quarter revenue decreased on a year-over-year basis, demand for our less-than-truckload service improved as the quarter progressed," Old Dominion Freight Line Inc. president and chief executive Kevin Freeman said.

ODFL sees signs of growing LTL demand in sequential volume gain

The company is one of several LTL carriers reporting growing volumes, although its daily shipments are still down year over year.