Old Dominion Freight Line Q1 2009 Earnings Call Transcript

  • download
  • Print
  • Recommend
  • 0

2009-04-23 11:58:22.0

Tags: Length, Trend, Call Transcript, Earnings, April, March, Seeking Alpha, Old Dominion Freight Line Inc.

Question-and-Answer Session

Operator

(Operator Instructions). We'll go first to Tom Wadewitz with J.P. Morgan.

Thomas Wadewitz - J.P.Morgan

Yes, good morning.

David Congdon

Hi.

Thomas Wadewitz - J.P.Morgan

So what's -- what's your sense of I guess, the trend and kind of, I don't know if you mentioned this, I missed a little bit beginning of the call but, the trend in tonnage by month in a quarter and any sense of potential improvement as you look into April and what customers are telling you looking through second quarter?

J. Wes Frye

Our trend in tonnage, sequentially through the quarter year-over-year, actually got worse. It was 10% in January reduction in tonnage, 10.4 in February and increased to 12.7 in March. So, we saw a further deterioration in March. Although sequentially, the tonnage got better on a per day basis throughout the quarter but year-over-year, the percentage of decline increased in April.

Well in April, we're not seeing any improvement. We're still seeing tonnage declines in the double-digit in the 10 to 12% even in April, year-over-year. Although sequentially, in April it looks like it's back to sequential trends from March. But of course the sequential trends from March, March not being very good, we don't attach that to any positive trend for the most part.

Thomas Wadewitz - J.P.Morgan

Did you, I would have expected potentially from March to actually get a little bit better international side. Did you see that and obviously in reference to the integration activity and in the even in (ph) Roadway Networks, it sounded like they thought they lost some share and had some diversions. But did you see that that business come over or was that just not a factor?

J. Wes Frye

Yeah actually in the longer length of haul, we did see an improvement in the longer length of haul offset by continued price competition in the regional market but we did see improvement in the longer length of haul year-over-year as far as the tonnage decline.

David Congdon

And our average length of haul increased from where it was in December. We had an average of about 895 miles and it went to 917, 932 and then 933 miles in March. So, we did have a slight increase there in length of haul.

Thomas Wadewitz - J.P.Morgan

So do you think you actually had some business that came over from where I see (ph) in the national side and if so, is that business looks like its sticky so far?

 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
Click Here
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement