Old Dominion Freight Line, Inc. reported on June 4, 2025, that its revenue per day decreased by 5.8% in May 2025 compared to May 2024. This decline was primarily attributed to an 8.4% decrease in LTL tons per day.
The reduction in LTL tons per day was a result of a 6.8% decrease in LTL shipments per day and a 1.9% decrease in LTL weight per shipment. These figures reflect the continued softness in the domestic economy, as noted by President and CEO Marty Freeman.
Despite the volume challenges, the company's yield management efforts showed positive results, with LTL revenue per hundredweight, excluding fuel surcharges, increasing by 5.6% for the quarter-to-date period. This indicates Old Dominion's ability to maintain pricing discipline even in a weak demand environment.
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