Old Dominion Shares Surge on Pricing Power

Old Dominions shares surged by over four percent in morning trading, following a drop in shipping volumes. Investors focused on the companys improved pricing power, with LTL revenue per hundredweight increasing. An analyst from B of A Securities maintained a neutral rating but raised the price target, indicating optimism. Despite the initial surge, shares settled slightly, still up by four percent from the previous closing price.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.