Stable Direct Variable Costs
Old Dominion managed to keep direct variable costs consistent as a percent of revenue compared to record operating results back in 2022, despite facing lower network density.
Superior Customer Service
Maintained 99% on-time service and a cargo claims ratio of 0.1% during the third quarter. Named the #1 national LTL provider for the 16th consecutive year by Mastio & Company.
Yield Improvement
Despite a decrease in LTL tons per day, Old Dominion achieved a 4.7% increase in LTL revenue per hundredweight.
Effective Cost Management
Overhead costs were controlled, with discretionary spending remaining tightly managed.
Positive Cash Flow
Generated $437.5 million in cash flow from operations for the third quarter.