Eyes on Sub 70 OR, Old Dominion Plans More Capital Expenditure The latest earnings call from Old Dominion Freight Lines highlights the company's ongoing pursuit of an operating ratio (OR) below 70%.
This goal has been elusive for some time, raising questions about its feasibility in today's economic landscape. Management at Old Dominion remains optimistic, but the numbers tell a more nuanced story.
The company came close to achieving its target in the second quarter, thanks in part to one time gains from real estate transactions that are unlikely to be repeated.