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THOMASVILLE, N.C. - Old Dominion Freight Line, Inc. (NASDAQ:ODFL), a transportation company with a market capitalization of $29 billion, announced Monday a general rate increase of 4.9% effective November 3, 2025. The increase will apply to rates established under the company’s existing ODFL 559, 670, and 550 tariffs.
According to Todd Polen, Old Dominion’s Vice President of Pricing Services, the rate adjustment is intended to partially offset rising costs associated with real estate, new equipment, technology investments, and employee compensation packages.
"This GRI will affect our class tariffs and is consistent with our long-term yield management philosophy," Polen stated in a press release.
The company noted that while the overall impact is expected to be approximately 4.9%, the actual effect will vary for individual customers based on specific shipment lanes and distances traveled. The rate increase will also include nominal increases in minimum charges for intrastate, interstate, and cross-border lanes.
Old Dominion Freight Line operates as one of North America’s largest less-than-truckload (LTL) carriers, providing regional, inter-regional, and national LTL services through an integrated network of service centers throughout the continental United States. The company’s stock currently trades near its 52-week low of $133.69, with investors awaiting the next earnings report scheduled for October 29, 2025. For deeper insights into ODFL’s financial health and valuation metrics, check out the comprehensive analysis available on InvestingPro.
In other recent news, Old Dominion Freight Line reported its second-quarter 2025 earnings, revealing a slight miss in both earnings per share (EPS) and revenue compared to forecasts. The company posted an EPS of $1.27, falling short of the expected $1.29, and revenue of $1.41 billion, missing the anticipated $1.42 billion. BofA Securities responded by lowering its price target for Old Dominion to $160 from $171 while maintaining a Neutral rating. Similarly, Stephens adjusted its price target to $174 from $186, keeping an Overweight rating. Benchmark also reiterated its Hold rating, though it lowered estimates for fiscal years 2025 and 2026, citing ongoing volume challenges in the freight industry. The firm noted that Old Dominion’s volumes are below seasonal expectations and continue to lag behind industry peers. Despite these challenges, the company has maintained cost controls, though lighter tonnage has impacted results. These developments highlight the current macroeconomic pressures affecting freight demand.
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