LTL carrier Old Dominion Freight Line Inc., Thomasville, N.C., has announced record financial results for the second quarter and six months ended June 30, 2005.
Revenue from operations grew 30.8% to $264,346,000 for the quarter from $202,129,000 for the second quarter of 2004. Net income was $13,916,000 for the quarter, a 33.0% increase from $10,461,000 for the second quarter of 2004, and earnings per diluted share increased 30.2% to $0.56 from $0.43. Old Dominion’s operating ratio for the second quarter of 2005 improved to 90.4% from 90.6% for the second quarter of 2004.
For the first six months of 2005, revenue from operations increased 30.2% to $501,116,000 from $384,898,000 for the first six months of 2004. Net income rose 43.8% to $23,259,000 for the first half of 2005 from $16,173,000 for the comparable 2004 period, while earnings per diluted share increased 40.3% to $0.94 from $0.67. The operating ratio improved for the first six months of 2005 to 91.5% from 92.3% for the first half of 2004.
Revenue from operations grew 30.8% to $264,346,000 for the quarter from $202,129,000 for the second quarter of 2004. Net income was $13,916,000 for the quarter, a 33.0% increase from $10,461,000 for the second quarter of 2004, and earnings per diluted share increased 30.2% to $0.56 from $0.43. Old Dominion’s operating ratio for the second quarter of 2005 improved to 90.4% from 90.6% for the second quarter of 2004.
For the first six months of 2005, revenue from operations increased 30.2% to $501,116,000 from $384,898,000 for the first six months of 2004. Net income rose 43.8% to $23,259,000 for the first half of 2005 from $16,173,000 for the comparable 2004 period, while earnings per diluted share increased 40.3% to $0.94 from $0.67. The operating ratio improved for the first six months of 2005 to 91.5% from 92.3% for the first half of 2004.
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