Old Dominion Freight Line Inc. (NASDAQ:ODFL) shares fell Wednesday after the company reported first-quarter 2026 results.
Revenue and Earnings
Revenue declined 2.9% year over year to $1.335 billion, topping analyst expectations of $1.312 billion. The decrease was driven by a 7.7% drop in less-than-truckload (LTL) tons per day, reflecting a 7.9% decline in shipments per day during the quarter.
LTL revenue per hundredweight, excluding fuel surcharges, increased 4.4% from a year earlier.
Operating income fell 6.1% to $317.3 million. The operating …