Old Dominion’s May update shows an improving LTL market
Key takeaways
- Old Dominion’s May update shows an improving LTL market Old Dominion’s second-quarter guidance implies the first meaningful y/y improvement in margins since 2022.
- The Thomasville, North Carolina-based company reported a 12.3% year-over-year increase in revenue per day during the month.
- Through the first two months of the quarter, Old Dominion’s yield increased 15.6% y/y inclusive of fuel surcharges (up 5.4% excluding fuel).
Old Dominion’s May update shows an improving LTL market Old Dominion’s second-quarter guidance implies the first meaningful y/y improvement in margins since 2022. (Photo: Jim Allen/Freight Waves) Todd Maiden Wed, June 3, 2026 at 9:34 PM GMT+7 3 min read ODFL Old Dominion Freight Line saw further improvement in its operating metrics during May, as the less-than-truckload industry is now seeing a demand bump from the industrial economy.
The Thomasville, North Carolina-based company reported a 12.3% year-over-year increase in revenue per day during the month. The result outpaced a previously reported 7.6% revenue increase in April. May tonnage was down just 3.8% y/y (down 6.1% in April), with yield increasing approximately 16% during the month.
Through the first two months of the quarter, Old Dominion’s yield increased 15.6% y/y inclusive of fuel surcharges (up 5.4% excluding fuel).