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Stock impact report

Why Shares of Old Dominion Freight Lines Were Up in June [The Motley Fool]

Old Dominion Freight Line, Inc. (ODFL) 
Last old dominion freight line, inc. earnings: 4/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: odfl.com/financials
Company Research Source: The Motley Fool
Why Shares of Old Dominion Freight Lines Were Up in June After a difficult May, this trucking powerhouse moved back into the fast lane. Shares of Old Dominion Freight Line ( NASDAQ:ODFL ) followed a rough month of May with a strong 12.7% gain in June, according to data provided by S&P Global Market Intelligence , as some of the macroeconomic factors weighing on truckers earlier in the year showed signs of a rebound. Despite the volatility, Old Dominion investors are having a pretty good year so far in 2019. Shares of Old Dominion were under pressure in May due to fears about moderating demand for truckers, made worse by the uncertainty surrounding potential trade wars and a slowdown in the economy. Add in the negative ripple effect felt throughout the industry from Amazon.com reportedly exploring ways to expand into third-party shipping and logistics , and shares of Old Dominion and other truckers were bound to feel pressure. Early in the month, Old Dominion reported that revenue per Show less Read more
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