ODFL · 10-Q · 2026Q2 · Full report

Capital Expenditure Program

OLD DOMINION FREIGHT LINE, INC. · 2026-08-05 · Importance 84 · Surprise 74

Net capital expenditures totaled $100.2 million in the first six months of 2026, compared with $366.5 million in 2025. The company expects approximately $380 million of 2026 capital expenditures, $115 million above its initial plan but below its historical 10% to 15% of revenue range. The planned $380 million includes $180 million for service-center facilities, $155 million for tractors and trailers, and $45 million for technology and other assets. Management expects to fund the program primarily with operating cash flow, cash on hand, and, if needed, the revolving credit facility.

Key facts

• We historically spend 10% to 15% of our revenue on capital expenditures each year. source
• Total net capital expenditures for the six months ended June 30, 2026: $100,214 (in thousands). source
• Net capital expenditures for land and structures for the six months ended June 30, 2026: $50,936 (in thousands). source
• Net capital expenditures for tractors for the six months ended June 30, 2026: $60,516 (in thousands). source
• Proceeds from sales (reducing capital expenditures) for the six months ended June 30, 2026: $(39,397) (in thousands). source
• Net capital expenditures for trailers for the six months ended June 30, 2026: $4,499 (in thousands). source