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Old Dominion announces higher 2Q net income, revenue

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07.24.2008

Cybergal

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Old Dominion announces higher 2Q net income, revenue

Old Dominion announces higher 2Q net income, revenue
7/24/08

Quote:

Old Dominion Freight Line today, July 24, announced financial results for the second quarter and six months ended June 30:

For the second quarter, revenue increased 16.2 percent to $417.8 million from $359.6 million for the second quarter of 2007. Net income increased 6.0 percent to $23.9 million from $22.5 million. Second-quarter results included the final resolution of a customer pricing issue from periods prior to 2007, which resulted in the recognition of $2.0 million in revenue. Old Dominion’s operating ratio was 89.7 percent compared with 88.7 percent.
http://www.etrucker.com/apps/news/article.asp?id=71031

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