$ODFL · OLD DOMINION FREIGHT LINE, INC.
Old Dominion Freight Line reported Q3 2026 results via 8-K, with total revenue of $1.591B (+13.1% YoY), operating income of $452.6M (+25.4%), and diluted EPS of $1.65 (+28.9%). The operating ratio improved 280 basis points to 71.5%. LTL revenue per hundredweight rose 13.3%, while LTL tons per day dipped 0.1%.
- Q3 revenue of $1.591B, up 13.1% YoY from $1.407B.
- Diluted EPS of $1.65, up 28.9% from $1.28 a year ago.
- Operating ratio improved 280 bps to 71.5% from 74.3%.
- LTL revenue per hundredweight, excluding fuel surcharges, rose 5.1% YoY.
- Share repurchases totaled $400.6M and dividends $180.7M in the first nine months of 2026.
Markets closed — no regular-session reaction yet; extended-hours move not captured here. Last regular-session price was $187.03, up 2.50% on the day before the filing.
ODFL's 28.9% EPS growth and 71.5% operating ratio confirm accelerating profitability in a freight recovery, with yield discipline intact.
ODFL's 71.5% operating ratio and 5.1% ex-fuel yield growth reinforce its best-in-class LTL positioning against peers like SAIA and XPO, which typically run higher ORs.
Forward-looking statement risks include inflationary cost pressures, inability to raise customer rates to offset costs, diesel fuel price volatility, and competitive pricing pressures in the LTL industry.