Old Dominion profit falls on lower tonnage, competitive pricing

Discussion in 'Old Dominion' started by rookietrucker, Jul 22, 2009.

Jul 22, 2009 #1

rookietrucker Trucker Forum STAFF Staff Member

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Old Dominion profit falls on lower tonnage, competitive pricing

THOMASVILLE, N.C. Trucking company Old Dominion Freight Line Inc. said Wednesday its second-quarter profit plunged 55 percent, citing an industry-wide decline in tonnage shipped and highly competitive pricing.

Old Dominion earned $10.7 million, or 29 cents per share, in the three months ended June 30 compared with $23.9 million, or 64 cents per share, in the same quarter last year.

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rookietrucker, Jul 22, 2009

rookietrucker, Jul 22, 2009

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