Old Dominion operating profit rises 21% in 2012

Friday, February 08, 2013

The less-than-truckload (LTL) carrier Old Dominion Freight Line saw operating profits rise 21.9 percent year-on-year in 2012 to $285.2 million. The carrier’s net profit rose 21.5 percent to $169.5 million on revenue that rose 12.1 percent to $2.1 billion. The robust annual figures came despite lower growth in the fourth quarter, with operating income rising 6.6 percent to $67.5 million, and net income falling 1 percent to $39.5 million. Revenue in the fourth quarter r...

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