OLD DOMINION FREIGHT LINE, INC. (ODFL) Research

Forward Estimates

EPS Estimates

Current Qtr

$1.47

$1.32$1.57

vs $1.27+15.7%

17 analysts

Next Qtr

$1.48

$1.35$1.57

vs $1.28+15.5%

17 analysts

Current Yr

$5.40

$5.09$5.65

vs $4.84+11.5%

20 analysts

Next Yr

$6.28

$5.96$6.79

vs $5.40+16.4%

20 analysts

Revenue Estimates

Current Qtr

$1.50B

$1.34B$1.57B

vs $1.41B+6.4%

17 analysts

Next Qtr

$1.50B

$1.45B$1.57B

vs $1.41B+6.9%

16 analysts

Current Yr

$5.76B

$5.53B$5.97B

vs $5.50B+4.8%

20 analysts

Next Yr

$6.21B

$5.96B$6.46B

vs $5.76B+7.7%

20 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for ODFL on EDGAR.

ODFL filing events and research context
Filed	Item	Context
May 6, 2026	mda_quarterly	Old Dominion Freight Line’s first-quarter 2026 revenue decreased 2.9% to $1.33 billion, with net income falling 6.4% to $238 million. This decline was primarily driven by a 7.7% drop in LTL tonnage per day and a 7.9% decrease in shipments per day. These volume losses were partially offset by a 5.7% increase in LTL revenue per hundredweight, which rose 4.4% excluding fuel surcharges due to a disciplined yield management strategy. The operating ratio increased to 76.2%, impacted by deleveraging and an 18% rise in general supplies and expenses related to cloud computing and employee training. While diesel fuel costs per gallon rose 13.5%, total labor costs decreased 3.0% following a 7.1% reduction in active full-time employees. Liquidity remains strong with $1.45 billion remaining in the 2023 stock repurchase program and a $400 million credit facility. 2026 capital expenditures are projected at $265 million, focusing on service center expansion and technology. Early April 2026 data indicates a recovery, with revenue per day increasing 7.6% year-over-year. Primary risks include fluctuations in diesel prices, industrial production trends, and potential unionization.
Feb 24, 2026	business	Old Dominion Freight Line (ODFL) is a leading North American less-than-truckload (LTL) motor carrier, operating a union-free, integrated network of 260 service centers. The company derives over 98% of its revenue from LTL services, which are highly sensitive to U.S. industrial production and economic health. ODFL differentiates itself through superior transit times, high-quality customer service, and a proprietary technology stack that optimizes linehaul efficiency and freight costing. The LTL industry is capital-intensive, characterized by high fixed costs and significant barriers to entry, which has driven long-term market consolidation. ODFL competes on service, price, and capacity, leveraging a fleet of over 10,000 tractors and a strategy of organic growth. Key operational risks include exposure to diesel fuel price volatility—mitigated by weekly indexed fuel surcharges—and seasonal demand fluctuations. The company maintains a non-union workforce of approximately 20,591 employees, emphasizing internal talent development and safety through rigorous training programs. Regulatory risks center on Department of Transportation mandates, including driver hours-of-service rules and environmental compliance. ODFL’s financial stability is supported by a diversified customer base, with no single client accounting for more than 4% of total revenue.
Feb 24, 2026	mda	Old Dominion Freight Line (ODFL) operates as a major North American less-than-truckload (LTL) motor carrier, with over 98% of revenue derived from LTL shipments tied to U.S. industrial production. In 2025, the company faced economic headwinds, resulting in a 5.5% revenue decline and a 13.7% drop in net income. Despite lower volumes, ODFL maintained a strong yield-management strategy, achieving a 3.9% increase in LTL revenue per hundredweight. The company’s primary operational focus remains increasing network density to maximize asset utilization and labor productivity. Key cost drivers include wages, benefits, and fuel. While operating expenses rose as a percentage of revenue, ODFL continues to invest in its infrastructure, including a 2026 capital expenditure plan of approximately $265 million, primarily allocated to service center expansion and fleet modernization. Financial stability is supported by a robust liquidity position, including a $400 million revolving credit facility and a note purchase agreement. ODFL remains committed to shareholder returns through dividends and a $3 billion stock repurchase program, with $1.54 billion remaining at year-end. Significant risks include intense industry competition, potential labor unionization, cybersecurity threats, and regulatory pressures related to emissions standards and zero-emission vehicle mandates, which could necessitate substantial future capital investments.

Filed

Item

Context

May 6, 2026

mda_quarterly

Old Dominion Freight Line’s first-quarter 2026 revenue decreased 2.9% to $1.33 billion, with net income falling 6.4% to $238 million. This decline was primarily driven by a 7.7% drop in LTL tonnage per day and a 7.9% decrease in shipments per day. These volume losses were partially offset by a 5.7% increase in LTL revenue per hundredweight, which rose 4.4% excluding fuel surcharges due to a disciplined yield management strategy. The operating ratio increased to 76.2%, impacted by deleveraging and an 18% rise in general supplies and expenses related to cloud computing and employee training. While diesel fuel costs per gallon rose 13.5%, total labor costs decreased 3.0% following a 7.1% reduction in active full-time employees. Liquidity remains strong with $1.45 billion remaining in the 2023 stock repurchase program and a $400 million credit facility. 2026 capital expenditures are projected at $265 million, focusing on service center expansion and technology. Early April 2026 data indicates a recovery, with revenue per day increasing 7.6% year-over-year. Primary risks include fluctuations in diesel prices, industrial production trends, and potential unionization.

Feb 24, 2026

business

Old Dominion Freight Line (ODFL) is a leading North American less-than-truckload (LTL) motor carrier, operating a union-free, integrated network of 260 service centers. The company derives over 98% of its revenue from LTL services, which are highly sensitive to U.S. industrial production and economic health. ODFL differentiates itself through superior transit times, high-quality customer service, and a proprietary technology stack that optimizes linehaul efficiency and freight costing. The LTL industry is capital-intensive, characterized by high fixed costs and significant barriers to entry, which has driven long-term market consolidation. ODFL competes on service, price, and capacity, leveraging a fleet of over 10,000 tractors and a strategy of organic growth. Key operational risks include exposure to diesel fuel price volatility—mitigated by weekly indexed fuel surcharges—and seasonal demand fluctuations. The company maintains a non-union workforce of approximately 20,591 employees, emphasizing internal talent development and safety through rigorous training programs. Regulatory risks center on Department of Transportation mandates, including driver hours-of-service rules and environmental compliance. ODFL’s financial stability is supported by a diversified customer base, with no single client accounting for more than 4% of total revenue.

Feb 24, 2026

mda

Old Dominion Freight Line (ODFL) operates as a major North American less-than-truckload (LTL) motor carrier, with over 98% of revenue derived from LTL shipments tied to U.S. industrial production. In 2025, the company faced economic headwinds, resulting in a 5.5% revenue decline and a 13.7% drop in net income. Despite lower volumes, ODFL maintained a strong yield-management strategy, achieving a 3.9% increase in LTL revenue per hundredweight. The company’s primary operational focus remains increasing network density to maximize asset utilization and labor productivity. Key cost drivers include wages, benefits, and fuel. While operating expenses rose as a percentage of revenue, ODFL continues to invest in its infrastructure, including a 2026 capital expenditure plan of approximately $265 million, primarily allocated to service center expansion and fleet modernization. Financial stability is supported by a robust liquidity position, including a $400 million revolving credit facility and a note purchase agreement. ODFL remains committed to shareholder returns through dividends and a $3 billion stock repurchase program, with $1.54 billion remaining at year-end. Significant risks include intense industry competition, potential labor unionization, cybersecurity threats, and regulatory pressures related to emissions standards and zero-emission vehicle mandates, which could necessitate substantial future capital investments.

Forward Estimates

ODFL filing events and research context

Keep researching ODFL

Related tickers

Related explainers

Forward Estimates