Old Dominion Freight Line stock falls 1.57 percent as rates rise

Published on 09/25/2026 at 12:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Old Dominion Freight Line stock stood at USD 174.93 on September 24, 2026, after a 4.9 percent rate increase. August revenue per day rose 12.4 percent.

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Old Dominion Freight Line stock (ISIN US6795801009) stood at USD 174.93 on Nasdaq on September 24, 2026, down USD 2.79 or 1.57 percent from the prior session. The latest operating update combines stronger pricing with softer freight volumes, while a 4.9 percent rate increase takes effect on October 5, 2026.

Rates rise as volumes soften

According to StockTitan on September 21, 2026, Old Dominion announced a 4.9 percent general rate increase for freight covered by its existing tariffs, effective October 5, 2026. The move gives pricing a larger role as customers ship fewer loads.

In the August 2026 update, Business Wire reported that revenue per day increased 12.4 percent year over year. LTL tons per day decreased 0.9 percent, shipments per day fell 2.4 percent, and revenue per hundredweight rose 11.3 percent quarter to date.

Quarterly earnings beat estimates

Old Dominion generated USD 1.554 billion in revenue in the second quarter of 2026, up 10.4 percent from USD 1.408 billion in the second quarter of 2025. The company also reported diluted EPS of USD 1.68 and operating profit of USD 465.3 million for the quarter.

Yahoo Finance said on August 28, 2026, that second-quarter EPS exceeded the USD 1.52 consensus estimate by 10.5 percent, while revenue exceeded the USD 1.54 billion consensus mark by 0.8 percent. Revenue per shipment increased 17.2 percent to USD 568.55, helping offset a 4.1 percent decline in LTL tons per day.

Stock trades near yearly low

The Nasdaq price snapshot shows a 52-week range of USD 126.01 to USD 252.03, with market capitalization of USD 36,379,891,745 and volume of 1,132,274 shares on September 24, 2026. The price was 30.59 percent below the 52-week high, leaving operating execution and freight demand as the key valuation counterweights.

Analyst views remain measured. MarketScreener reported on September 8, 2026, that Citigroup upgraded Old Dominion to Buy from Neutral while cutting its price target to USD 223 from USD 231. The change places greater emphasis on whether higher yields can continue to compensate for lower shipment activity.

Price remains below yearly high

Old Dominion Freight Line stock stood at USD 174.93 on Nasdaq on September 24, 2026, with a daily change of minus 1.57 percent. Its USD 36.38 billion market capitalization reflects a company delivering double-digit revenue growth in the second quarter while entering the third quarter with lower daily freight volumes.