Old Dominion May revenue and shipments per day are on the rise, implying the worst might be over after a difficult period for transportation stocks. But the company's numbers are not as impressive as those of a rival.
Old Dominion's (ODFL) revenue per day improves 5.6% year over year in May 2024 due to an increase in LTL revenue per hundredweight.
Consistent shareholder-friendly measures bode well for Old Dominion (ODFL). However, high capital expenditures are concerning as they are likely to keep the bottom line under pressure.
Old Dominion (ODFL) reported earnings 30 days ago. What's next for the stock?