Old Dominion sees a nearly 15% drop

Behind the WheelDriver IssuesNetwork Association
Written By Jennifer Joslyn

🚛 Old Dominion sees a nearly 15% drop.

Old Dominion Freight Line, a less-than-truckload carrier, reported that there was no seasonal increase in demand in May, with volume metrics slightly worse than in April when compared to the previous year. Tonnage in May was down 14.4% compared to the same period last year, following a decline of 14.5% in April. The decline in tonnage was due to daily shipments dropping between 11% and 12% year over year in both months, with weight per shipment decreasing by 3%. While the tonnage declines were similar in both months, the year-over-year comparison for May was easier than that of April.

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Jennifer Joslyn
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