Old Dominion Freight Line, Inc.

Strong Q2 performance (profitability improving) - Revenue: +10.4% YoY to $1.55B - Operating ratio (OR): 70.1%, improved by 450 bps - EPS (diluted): +32.3% to $1.68, matching the company’s prior record (Q3 2022) - Business drivers: yield management + operational execution, with demand improving

Demand / volume: choppy month-to-month but better than “normal”; freight mix still a watch item - Q2 LTL revenue per cwt: +15.2% YoY - Q2 tons/day: -4.1% YoY (but sequentially improving) - Sequential Q2 vs Q1: revenue per day +14.6%, tons/day +4.0%, shipments/day +3.2% - July MTD: revenue per day +~7.5% to +8.0% vs July 2025 - Includes ~+7.5% to +8.0% benefit, but tons/day down ~1% vs July 2025 - Company view: still “early innings” of any truckload-to-LTL spillover; no evidence yet of a major step-change in weight per shipment, but they expect more renormalization if truckload remains strong

Q3 outlook / guidance style (revenue expectation + OR seasonality) - July guidance context: July revenue run-rate implied by commentary - Revenue expectation (Q3): - If momentum continues: ~10% revenue growth in Q3 - Implies ~$1.54B–$1.55B total Q3 revenue - Conservative case: carry the same 7.5%–8% growth → ~$1.52B - Fuel assumption baseline: expects ~$4.95 average per gallon for Q3, assuming stabilization/possible further normalization - Operating ratio (Q3) expectations: - Company says “normal seasonality” would be flat to up ~50 bps vs Q2, but after adjusting out major property gains, normalized OR is expected to be up ~150–200 bps from 70.1%