We are confident that the continued execution of our long-term strategic plan can produce long-term gains in market share and shareholder value."įorward-looking statements in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While we have capacity to support additional volume growth, we remain committed to further investment in our business to support our expectations for increased market share in 2022 and beyond. We also expect that strong customer demand will continue into next year, as shippers continue to value our superior service and available network capacity at a time when the industry’s capacity is generally limited. We believe the sequential change in revenue per day for the fourth quarter of 2021 will once again exceed our 10-year average for this metric. Gantt, President and Chief Executive Officer of Old Dominion, commented, "Our revenue growth through November reflects our continued ability to win market share and the ongoing strength in the domestic economy. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight excluding fuel surcharges increased 16.6% and 9.4%, respectively, as compared to the same period last year. The change in LTL tons per day was attributable to a 15.2% increase in LTL shipments per day that was partially offset by a 3.2% decrease in LTL weight per shipment. Revenue per day increased 29.9% as compared to November 2020 due to an 11.5% increase in LTL tons per day and an increase in LTL revenue per hundredweight. (Nasdaq: ODFL) today reported certain less-than-truckload ("LTL") operating metrics for November 2021. Its network includes breakbulk facilities located in Atlanta, Georgia Columbus, Ohio Indianapolis, Indiana Greensboro, North Carolina Harrisburg, Pennsylvania Memphis and Morristown, Tennessee Dallas, Texas and Salt Lake City, Utah.THOMASVILLE, N.C., December 06, 2021-( BUSINESS WIRE)-Old Dominion Freight Line, Inc.
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Its service centers are responsible for the pickup and delivery of freight within their local service area.
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In addition to its core LTL services, it offers a range of value-added services including container drayage, truckload brokerage and supply chain consulting. It also provides LTL services throughout North America. Its service offerings include expedited transportation, which are provided through a network of service centers located throughout the continental United States. The Company provide regional, inter-regional and national LTL services through a single integrated, union-free organization union-free motor carrier.
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is a North American less-than-truckload (LTL) motor carrier’s company.