Old Dominion Beats Estimates, Sees Recovery Signals

Old Dominion Freight Line exceeded earnings expectations in Q1, with EPS at $1.44, up 9 cents from estimates, and revenue at $1.33 billion, down 3% year over year but topping guidance. Demand improved throughout the quarter, with tonnage down 8% but yield up 6%. New business wins and freight shifting from truckload contributed to the positive results. However, a slowdown in April due to global tensions caused volumes to dip below seasonal norms. Shares fell 5.6% Wednesday, but the company is optimistic about Q2 and beyond, with guidance for a 73% operating ratio and reduced capex for next year. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/dd6e649628b7bf5f