UPDATE 2-Old Dominion sees strong trucking demand in 2018 [Reuters]
Old Dominion Freight Line, Inc. (ODFL)
Last old dominion freight line, inc. earnings: 4/23 07:00 am
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Source: Reuters
Old Dominion sees strong trucking demand in 2018 | Reuters Reuters Staff 2 Min Read (Reuters) - Trucking firm Old Dominion Freight Line Inc ( ODFL.O ) said on Thursday it was seeing robust demand in 2018 for its less-than-truckload services, fueled by a stronger domestic economy. The positive trucking environment should help the Thomasville, North Carolina-based carrier, which hauls loads from several companies on a single trailer, charge higher prices for the freight it carries due to tightened industry capacity. “As we enter 2018, we are encouraged by our recent trends that demonstrate continued customer demand for our services and a strong domestic economy,” said Chief Executive Officer David Congdon as the company reported better-than-expected quarterly results. Old Dominion, which also runs warehouses and brokerage services in North America, announced fourth-quarter profit of $197.25 million, or $2.39 per diluted share, compared with $68.51 million, or 83 cents a diluted share
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