Recent Updates — ODFL
Old Dominion Freight Line reported third-quarter 2026 results with total revenue increasing 13.1% year-over-year to $1,590.7 million. Diluted earnings per share rose 28.9% to $1.65, driven by a 25.4% increase in operating income and an improved operating ratio of 71.5%. Net income grew 26.9% to $343.7 million. The company generated $469.5 million in net cash from operating activities and returned capital through share repurchases and dividends. Old Dominion Freight Line is one of the largest North American less-than-truckload motor carriers, providing regional, inter-regional, and national transportation services.
The Board of Directors declared a quarterly cash dividend of $0.29 per share, representing a 3.6% increase from the prior year's payment. The dividend is payable on December 16, 2026, to shareholders of record at the close of business on December 2, 2026. Old Dominion Freight Line operates as one of the largest North American less-than-truckload (LTL) motor carriers, providing regional and national freight services.
On September 22, 2026, John D. Kasarda retired from the Board of Directors effective immediately due to no disagreement with company operations. The Board elected Worthing F. Jackman as an independent director on the same date, appointing him to the Governance and Nomination Committee and Talent and Compensation Committee. Mr. Jackman, 62, previously served as CEO of Waste Connections Inc. from July 2019 to April 2023 and currently serves on boards for Quanta Services and WillScot Holdings. He will receive an annual cash retainer of $110,000 and a restricted stock award valued at $172,000. Old Dominion Freight Line operates in the trucking industry, providing regional less-than-truckload freight services.
Old Dominion Freight Line reported second quarter 2026 financial results with total revenue of $1.55 billion, a 10.4% increase year-over-year. Operating income rose 30.0% to $465.3 million, driven by a 450 basis-point improvement in the operating ratio to 70.1%. Diluted earnings per share reached $1.68, up 32.3%, matching the company's previous record set in the third quarter of 2022. The company expects full-year capital expenditures to total approximately $380 million, including $155 million for tractors and trailers. Old Dominion Freight Line operates as a major less-than-truckload motor carrier providing regional, inter-regional, and national transportation services across North America.
Old Dominion Freight Line, Inc. declared a quarterly cash dividend of $0.29 per share of common stock, representing a 3.6% increase over the previous year. The dividend is payable on September 16, 2026, to shareholders of record at the close of business on September 2, 2026. Old Dominion Freight Line, Inc. is a North American less-than-truckload (LTL) motor carrier providing regional, inter-regional, and national transportation services.