Previous Dominion is getting very near having an working ratio that begins with a six.
Second quarter earnings for the LTL provider produced an OR of 70.1%. It’s a pointy enchancment over a yr in the past, when the second quarter of 2025 produced an OR of 74.6%.
For the six months, the corporate’s OR is now 72.9%.
Previous Dominion produced the efficiency at the same time as most of its metrics that measure how a lot enterprise it performed had been down. In comparison with a yr in the past, the corporate shipped fewer tons, had decrease tonnage per day and had diminished shipments.
However its income per hundredweight excluding gasoline rose 5.5% to $29.71. Income per hundredweight together with gasoline, which seems to have been a tailwind for the corporate through the quarter, jumped to $37.84 from $32.84.
Income per cargo excluding gasoline took an even bigger soar, up 7.2%.
Weight per cargo inched up 1.7%.
Within the ready assertion launched along side the earnings, Previous Dominion CEO Marty Freeman mentioned the corporate additionally had a 99% on-time service price and a claims ratio of simply 0.1%.
“The power of our second quarter monetary outcomes displays continued enchancment in demand developments and the advantages of our long-term give attention to yield self-discipline and operational execution,” Freeman mentioned.
Previous Dominion, like a number of different publicly-traded LTL firms, has had a tough run since early June. The obscure risk of Amazon efforts within the LTL area have despatched a number of LTL shares sinking since then.
Previous Dominion’s 52-week excessive was on June 9 at $252.03. It closed Tuesday at $226.28 however continues to be up 37.7% within the final 52 weeks.
Earnings per share of $1.68 had been reported by SeekingAlpha to have overwhelmed the Wall Avenue consensus by 15 cents. Income of $1.55 billion was barely larger than the consensus.
An earnings name is about for 10 a.m. EDT.
Extra articles by John Kingston
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