ODFL | Old Dominion’s tonnage turns positive in Q2

[Freightmaster1]

Old Dominion’s tonnage turns positive in Q2

Old Dominion’s volume metrics continue to lag peers, largely by design.

www.freightwaves.com

 

[DMT]

lag behind peers , because OD does not want oversized easy to damage freight , but apparently SAIA does

 

[Songremainsthesame]

OD won’t haul freight for practice. They only want freight they can make their desired level of profit on. Pretty smart. That’s one of the downsides of working for Estes. Since they’re a private company we never really know exactly how much they are making and what the margin is. More upside than down, but I worked for way too many years for companies that had to put out quarterly numbers. I get a little unnerved sometimes.

 

[DayliteDean]

OD won’t haul freight for practice. They only want freight they can make their desired level of profit on. Pretty smart. That’s one of the downsides of working for Estes. Since they’re a private company we never really know exactly how much they are making and what the margin is. More upside than down, but I worked for way too many years for companies that had to put out quarterly numbers. I get a little unnerved sometimes.

On the other hand Estes only has to merely make enough profit to keep the doors open, instead of having to satisfy shareholders with a thousand different metrics of improved performance every quarter.

 

[Songremainsthesame]

On the other hand Estes only has to merely make enough profit to keep the doors open, instead of having to satisfy shareholders with a thousand different metrics of improved performance every quarter.

That’s true. As long as the Estes family is happy with what they’re making then it’s all good.