Old Dominion Q2 2025 profit falls 16.6% as revenue drops 6.1% to $1.41 billion
Old Dominion Freight Line reported second-quarter 2025 revenue of $1.41 billion, down 6.1% from a year earlier, and diluted earnings per share of $1.27, down 14.2%. The company attributed the decline to softer domestic demand, with LTL tons per day down 9.3%, and an operating ratio that rose 270 basis points to 74.6%, which reduced profit for shareholders.
Key points
- Q2 2025 net income was $268.6 million, down 16.6% from $322.0 million a year earlier.
- Operating ratio rose to 74.6% from 71.9%; operating income fell 15.1% to $357.9 million.
- LTL revenue per hundredweight excluding fuel surcharges rose 5.3%, while LTL tons per day fell 9.3%.
- First-half share repurchases totaled $424.6 million; 2025 capital expenditures are expected to be about $450 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.