
Less-than-truckload carrier Old Dominion Freight Line has released numbers showing revenue for the fourth quarter of 2013 increased 11% to $592.5 million from $533.8 million for the fourth quarter of 2012.
Less-than-truckload carrier Old Dominion Freight Line has released numbers showing revenue for the fourth quarter of 2013 increased 11% to $592.5 million from $533.8 million for the fourth quarter of 2012.


Less-than-truckload carrier Old Dominion Freight Line has released numbers showing revenue for the fourth quarter of 2013 increased 11% to $592.5 million from $533.8 million for the fourth quarter of 2012.
Net income for the North Carolina-based fleet rose 19.4% to $47.2 from $39.5 million during the same time, while earnings per share rose 19.6% to 55 cents from 46 cents.
For 2013 revenue increased 9.5% to $2.34 billion from $2.13 billion for 2012, while net income was $206.1 million, an increase of 21.6% from $169.5 million during the same time. Earnings per share grew 21.3% to $2.39 from $1.97 for the prior year.
“Old Dominion completed another outstanding year in 2013 with record financial performance for both the year and the fourth quarter. We were pleased with the double-digit increase in revenue for the fourth quarter, which was primarily driven by increased market share,” said David S. Congdon, president and CEO. “We were also pleased with the 19.6% increase in earnings per diluted share, particularly in light of the operational challenges and increased costs resulting from the significant winter weather and more restrictive hours-of-service regulations during the fourth quarter of 2013.”
There are more details on the ODFL website.

The American Transportation Research Institute will examine driver coaching, regulatory impacts — including the "Beyond Compliance" concept —and weather disruptions that shape trucking operations.
Read More →
Fleet Advantage's Brian Antonellis says it's time for fleets to get back to the fundamentals of good maintenance practices. And that includes replacing older, inefficient equipment.
Read More →
Load matching for flatbed, lowbed, oversize and overweight loads can't be automated like basic van freight, but Truckstop.com is adding more high-tech tools to help.
Read More →
An expanded Trucker Path and Truckstop.com integration brings more freight opportunities into the TruckLoads app while emphasizing security and network quality.
Read More →
Strong March freight demand combined with a spike in fuel costs pushed both spot and contract truckload rates to their highest levels in more than two years.
Read More →
Everyone’s talking about AI — but is your transportation management system actually built for it?
Read More →
Being part of KTG will allow Sharp to expand and improve its services.
Read More →
The Fair Compensation for Truck Crash Victims Act would increase insurance requirements for interstate motor carriers by nearly seven times.
Read More →
Strong freight rates push TCI to 10.2, but FTR expects fuel-price volatility to skew March results.
Read More →
C.H. Robinson is waiving fees on fuel cards and cash advances for April and May, aiming to help carriers offset rising diesel costs tied to geopolitical instability.
Read More →