Talking Transports
Old Dominion Delivering Through the Cycle
This episode isn’t summarized yet
Create a free account and summarize it. In a few minutes you’ll have the key takeaways and a section-by-section summary.
Show notes
The exit of Yellow Corp. from the less-than-truckload (LTL) market last summer helped mitigate weak freight demand and provided a tailwind for pricing. In this Talking Transports podcast, Old Dominion Freight Line’s CFO Adam Satterfield joins Lee Klaskow, Bloomberg Intelligence senior freight transportation & logistics analyst, to discuss the outlook for LTL markets and how the company is positioned to take on more freight demand when it starts to inflect upward. The company’s industry-leading service levels — measured by low cargo claims and high on-time deliveries — has allowed it to drive rates higher. Tonnage growth should come at high incremental margin and could drive a sub-70 operating ratio over time.
See omnystudio.com/listener for privacy information.