Old Dominion Freight Line, Inc. ODFL today updated its expectations
for growth in third-quarter 2013 tonnage per day and revenue per
hundredweight, excluding fuel surcharges, in preparation for its attendance at
the Citi 2013 U.S. and European Industrials Conference on Wednesday, September
18, 2013. The Company expects its growth in tonnage per day to increase in a
range of 7.0% to 7.5% compared to the third quarter of 2012, versus its
previous expectation of an increase in a range of 6.0% to 6.5%. Supporting
this increase, average tonnage per day increased at a rate of 6.2% for July
and 8.6% for August, compared to the same months in 2012. In addition, Old
Dominion now expects revenue per hundredweight, excluding fuel surcharges, to
increase in a range of 3.0% to 3.5% for the third quarter of 2013 from the
third quarter of 2012, compared with the previous expected range of 4.0% to
4.5%.
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