Old Dominion reduces 2025 capital expenditures by $125M to $450M

From Yahoo Finance: 2025-04-24 10:25:00

Old Dominion (ODFL) executives announced on an earnings call that the company has spent $1.5B on capital expenditures over the past two years to prepare for future market share opportunities. They have adjusted their 2025 capital expenditure plan, reducing it by $125M to approximately $450M for the year. The company has deferred certain projects and decreased the amount of new equipment to be purchased. Despite these changes, Old Dominion is confident in its ability to accommodate future growth within its service center network.

Source: TheFly

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Read more at Yahoo Finance: Old Dominion lowers 2025 capital expenditures view to $450M