Truckstop's Hutto sees Q4 truckload cycle inflection [Yahoo! Finance]
Old Dominion Freight Line, Inc. (ODFL)
Last old dominion freight line, inc. earnings: 4/23 07:00 am
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Source: Yahoo! Finance
DETAILS: The current capacity oversupply is likely to linger until the fourth quarter, said Brent Hutto, chief relationship officer at digital freight marketplace Truckstop, during FreightWaves' 3PL Summit. KEY QUOTES FROM HUTTO: On the overall trucking environment: “We're in just a normally adjusted economic bottom of the marketplace, and I don't mean bottom like it's terrible and nobody's making a profit … . The marketplace has just adjusted down … and we're just likely going to stay here for another few quarters before it adjusts back out.” On changes in truck brokerage: “The average margin actually went up 1% from 2022 to 2023 … to 17%. Historically, brokers would not put a rate in there [but] almost 70% of brokers are now putting rates in their spot market loads … because they want to get a faster negotiation process.” On a turnaround's timing: “The trucking companies can't operate at marginality with their profitability, so the marketplace will naturally lift back or yo
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ODFL
News
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) was upgraded by analysts at Vertical Research from a "sell" rating to a "hold" rating. They now have a $175.00 price target on the stock.MarketBeat
- Why I have hated this earnings season — and you might too [Yahoo! Finance]Yahoo! Finance
- Old Dominion Freight Line First Quarter 2024 Earnings: In Line With Expectations [Yahoo! Finance]Yahoo! Finance
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target lowered by analysts at TD Cowen from $209.00 to $206.00. They now have a "hold" rating on the stock.MarketBeat
- Old Dominion Freight Line, Inc. (NASDAQ: ODFL) had its price target lowered by analysts at Barclays PLC from $210.00 to $205.00. They now have an "equal weight" rating on the stock.MarketBeat
ODFL
Earnings
- 4/24/24 - Beat
ODFL
Sec Filings
- 5/2/24 - Form 4
- 4/24/24 - Form 8-K
- 4/22/24 - Form PX14A6G
- ODFL's page on the SEC website