Old Dominion Freight Line reported higher revenue per day in May despite continued year-over-year declines in less-than-truckload freight volumes.
The company said revenue per day increased 12.3% compared with May 2025, driven by higher LTL revenue per hundredweight. That increase was partially offset by a 3.8% decline in LTL tons per day.
The drop in tonnage reflected a 5.3% decrease in LTL shipments per day, though that was partly offset by a 1.6% increase in LTL weight per shipment, the company said.
For the quarter-to-date period, Old Dominion said LTL revenue per hundredweight increased 15.6% compared with the same period last year. Excluding fuel surcharges, LTL revenue per hundredweight rose 5.4%.
President and CEO Marty Freeman said the company produced solid revenue growth during the first two months of the second quarter, even as LTL tons per day declined in both April and May from a year earlier. He said demand has improved as the quarter has progressed.
Freeman also pointed to Old Dominion’s service metrics, yield management initiatives and ongoing investments in its network, technology and employees as factors supporting the company’s long-term growth strategy.
The company said it remains confident in its ability to gain market share and drive profitable revenue growth over time.
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