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2025-07-30 19:47:40
[Freight Winter Continues: Old Dominion's Performance Suffers, When Will the Economic Headwinds End?] ⑴ On July 30th, Beijing time, Old Dominion Freight reported second-quarter revenue and profit that fell short of Wall Street expectations, highlighting the ongoing prolonged downturn in the freight market. ⑵ This recession, which began in 2022 following the post-pandemic e-commerce boom, has entered its third year. ⑶ The US trucking industry is struggling with low volumes and overcapacity, leading to a continued decline in freight rates. ⑷ Experts predict that the freight recession will continue until at least the second half of this year, until excess capacity gradually exits the market. ⑸ Weak domestic industrial production growth is also impacting carriers' performance. ⑹ Old Dominion's operating ratio climbed to 74.6% from 71.9% in the same period last year, indicating rising operating costs and declining profitability. ⑺ The company's total revenue fell 6.1% year-over-year to $1.41 billion. ⑻ Earnings per share fell by about 14% to $1.27, falling short of analysts' previous expectations of $1.42 billion in revenue and $1.29 in earnings per share.
