Old Dominion posts lower 2Q net income

Cybergal

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Old Dominion posts lower 2Q net income
Old Dominion Freight Line Inc. today, July 22, announced financial results for the second quarter ended June 30. Revenue for the quarter was $316.2 million compared with $417.8 million for the second quarter of 2008. Net income was $10.7 million compared with $23.9 million. Old Dominion’s operating ratio was 93.2 percent versus 89.7 percent.

Revenue for the first six months of 2009 was $611.3 million as compared to $786.0 million for the comparable period of 2008. Net income was $14.7 million as compared to $34.3 million. The company’s operating ratio was 94.8 percent for the latest six-month period compared with 91.9 percent for the first six months last year.
Old Dominion posts lower 2Q net income - CCJ Magazine