Old Dominion reports Q2 EPS $1.27, consensus $1.28

Reports Q2 revenue $1.41B, consensus $1.42B. Marty Freeman, president and CEO of Old Dominion (ODFL), commented, “Old Dominion’s financial results in the second quarter reflect the ongoing softness in the domestic economy. While the challenging macroeconomic backdrop created demand headwinds for our business during the quarter, our market share remained relatively consistent and our team continued to execute on our long-term strategic plan. The cornerstone of our plan remains our commitment to creating an unmatched value proposition for our customers by providing them with superior service at a fair price. As a result, we were pleased to once again achieve an on-time service performance of 99% and a cargo claims ratio of 0.1%.”