Recent Updates — ODFL
On September 22, 2026, John D. Kasarda retired from the Board of Directors effective immediately due to no disagreement with company operations. The Board elected Worthing F. Jackman as an independent director on the same date, appointing him to the Governance and Nomination Committee and Talent and Compensation Committee. Mr. Jackman, 62, previously served as CEO of Waste Connections Inc. from July 2019 to April 2023 and currently serves on boards for Quanta Services and WillScot Holdings. He will receive an annual cash retainer of $110,000 and a restricted stock award valued at $172,000. Old Dominion Freight Line operates in the trucking industry, providing regional less-than-truckload freight services.
Old Dominion Freight Line reported second quarter 2026 financial results with total revenue of $1.55 billion, a 10.4% increase year-over-year. Operating income rose 30.0% to $465.3 million, driven by a 450 basis-point improvement in the operating ratio to 70.1%. Diluted earnings per share reached $1.68, up 32.3%, matching the company's previous record set in the third quarter of 2022. The company expects full-year capital expenditures to total approximately $380 million, including $155 million for tractors and trailers. Old Dominion Freight Line operates as a major less-than-truckload motor carrier providing regional, inter-regional, and national transportation services across North America.
Old Dominion Freight Line, Inc. declared a quarterly cash dividend of $0.29 per share of common stock, representing a 3.6% increase over the previous year. The dividend is payable on September 16, 2026, to shareholders of record at the close of business on September 2, 2026. Old Dominion Freight Line, Inc. is a North American less-than-truckload (LTL) motor carrier providing regional, inter-regional, and national transportation services.