Old Dominion Freight Line exceeded earnings expectations for Q4 due to cost reductions and higher yields. Revenue was $1.31 billion, slightly above consensus. Tonnage per day dropped 10.7%, with revenue per hundredweight up 5.6%. Operating ratio was 76.7%, better than expected. Shares were up 0.6% in pre-market trading.

The company reported earnings per share of $1.09, 3 cents better than consensus but 14 cents lower y/y. Tonnage was down 18.9% on a two-year-stacked comparison. Salaries, wages, and benefits were 180 bps higher y/y. Capex for 2026 is targeted at $265 million.

Old Dominion’s financial results reflect a commitment to revenue quality and cost discipline in a challenging operating environment. Earnings were impacted by a higher tax rate compared to the previous year. The company will host a conference call to discuss Q4 results on Wednesday at 10 a.m. EST.

Read more at Yahoo Finance: Old Dominion posts Q4 beat