Key facts
- Old Dominion Freight Line reported a sequential increase in tonnage per day for May.
- The company's performance suggests a strengthening less-than-truckload (LTL) market.
- This follows a period of softer demand in the LTL sector.
Old Dominion Freight Line, a major player in the less-than-truckload (LTL) sector, released its May operational update. The company reported a sequential increase in tonnage per day during the month. This uptick in volume suggests a positive trend and a strengthening of the LTL market, which had previously experienced softer demand. The update provides insight into the current conditions and potential recovery within the freight transportation industry.