Overview

• Old Dominion Freight Line reported a 5.8% year-over-year revenue decline in Q1 2025, totaling $1.37 billion, with a 6.3% drop in LTL tons per day partially offset by a 2.2% rise in revenue per hundredweight.
• The company has reduced its 2025 capital expenditure forecast by $125 million to $450 million due to economic uncertainty and tariff-related challenges.
• Month-to-date revenue per day for April 2025 has fallen 7% year-over-year, with a full-month decline of approximately 6% expected, reflecting the impact of U.S. tariffs on freight demand.
• Despite these headwinds, Old Dominion has maintained its market share at 12–13% and views Amazon's new LTL service as a potential partnership opportunity rather than a competitive threat.
• Executives remain optimistic about long-term growth, citing e-commerce trends and smaller shipment sizes as sustained demand drivers for LTL services.