Old Dominion posts industry record sub-70% OR in Q2

[Todd Maiden]

Old Dominion posts industry record sub-70% OR in Q2

Old Dominion Freight Line’s 69.5% operating ratio during the second quarter was not only a company best but a best-ever result for a public carrier.

www.freightwaves.com

 

[Piano Man]

Hopefully the raises will reflect their appreciation.

 

[Oddriverrr]

OR still too high. MFs gonna try to take it to low 60s lol.

 

[Oddriverrr]

Hopefully the raises will reflect their appreciation.

Don't count on it, but I am sure they will be quick to mention 500$ "bonus" we got at the begining of the year.

 

[Piano Man]

Why stop there? Chain us to the truck or forklift and get that mug to the mid 10’s

 

[DayliteDean]

A lot of that low OR right now is fuel surcharges, every shipment we handle has it's own surcharge tacked on, unlike a truckload carrier that say gets a 5% fuel surcharge for the entire trailer load LTL carriers get that surcharge for every shipment in that trailer. Actually the higher fuel prices are, the more OD makes. If you hear upper management cry about fuel costs, its just lip service. $2 a gallon fuel would be a disaster profitably wise.

 

[No port]

Just think how good it would be if you got it after 8 or 40, some of that profit in your pockets.

 

[DayliteDean]

Just think how good it would be if you got it after 8 or 40, some of that profit in your pockets.

I have OD stock in my portfolio, and line haul wages I profit every week

 

[ABF381]

A lot of that low OR right now is fuel surcharges, every shipment we handle has it's own surcharge tacked on, unlike a truckload carrier that say gets a 5% fuel surcharge for the entire trailer load LTL carriers get that surcharge for every shipment in that trailer. Actually the higher fuel prices are, the more OD makes. If you hear upper management cry about fuel costs, its just lip service. $2 a gallon fuel would be a disaster profitably wise.

I have tried saying this to many people and they don't get it....

 

[Grumpy O' Man]

Just think how good it would be if you got it after 8 or 40, some of that profit in your pockets.

Wouldn't be good..We wouldn't see 40 hours a week..They have already cut hours back since OT after 50 was announced..They just hire more employees.Lol

 

[DMT]

Wouldn't be good..We wouldn't see 40 hours a week..They have already cut hours back since OT after 50 was announced..They just hire more employees.Lol

Exactly spot on

 

[ltltrkr]

I have tried saying this to many people and they don't get it....

there is a sweet spot for every carrier, right now shipper are dying with fuel surcharge, but b/4 it went off the deep end most shipper just considered it part of business.

 

[Aacah+10]

I have tried saying this to many people and they don't get it....

Same, most don't seem to get it.

 

[Razorblade]

Wouldn't be good..We wouldn't see 40 hours a week..They have already cut hours back since OT after 50 was announced..They just hire more employees.Lol

Wrong!
Up to a point, it's less expensive to pay overtime than to hire employees. New employees get health care, vacations and holidays.

 

[Grumpy O' Man]

Wrong!
Up to a point, it's less expensive to pay overtime than to hire employees. New employees get health care, vacations and holidays.

We are talking OD..They would rather hire and pay for new employees instead paying you that hour of OT..They are not joking around.Smaller Terminals you will see pay it and work there employees if they get in a bind .But,the breakbulks you will not see it..Been around long enough to say they are not going to give you any OT.

 

[Piano Man]

Not really a small end of line but end of line no less, we see them move appointments to make sure nobody in city makes any money.

 

[ABF381]

Not really a small end of line but end of line no less, we see them move appointments to make sure nobody in city makes any money.

Nope, you two are both wrong because the all knowing RB says so.....lmao

 

[Razorblade]

Nope, you two are both wrong because the all knowing RB says so.....lmao

Better than Rush. Right 99.8% of the time.
I know everything about everything. The problem is, at my advanced age, I don't always remember.

 

[Hoot 6474]

I know at our terminal, they MAKE SURE nobody's getting overtime. 49.98 and your clocking out.

 

[Piano Man]

Our dispatchers and dock supervisors start getting the 1000 stare when anyone breaks 46.5