Old Dominion Freight Line Raises Expectations for Tonnage Growth

Old Dominion Freight Line Raises Expectations for Tonnage Growth

Old Dominion Freight Line has updated its expectations for growth in total tons for the first quarter to a range of 4.5 percent to 5.0 percent, compared with the first quarter of 2012, from its previous range of 4.0 percent to 4.5 percent.

Additionally, the less-than-truckload carrier reaffirmed its previously discussed expectations for an increase in first quarter revenue per hundredweight, excluding fuel surcharge, in a range of 2.5 percent to 3.0 percent, compared with the first quarter of 2012.

Based on the expected increase in total tons and pricing, Old Dominion also expects improvement in its operating ratio for the first quarter of 2013 compared with the same quarter in the previous year.  

ODFL, the fifth-largest U.S. LTL carrier, increased revenue 12.1 percent in 2012, according to the JOC/SJ Consulting Group report on the top 25 LTL carriers.