ODFL · 10-Q · 2026Q2 · Full report

Operating Expense Trends

OLD DOMINION FREIGHT LINE, INC. · 2026-08-05 · Importance 49 · Surprise 32

Salaries, wages and benefits increased $15.3 million, or 2.3%, in the second quarter but decreased $4.5 million, or 0.3%, in the first six months. The average number of active full-time employees declined 7.1%, reducing salaries and wages, while performance bonuses, the September 2025 wage increase, retirement costs, and health-benefit claims increased compensation costs. Operating supplies and expenses increased $35.2 million, or 24.7%, in the quarter and $32.1 million, or 11.0%, year to date, primarily because diesel costs rose. General supplies and expenses increased 11.4% in the quarter and 14.6% year to date due to cloud-computing technology and employee-training costs.

Key facts

• Operating supplies and expenses increased $35.2 million, or 24.7%, in the second quarter of 2026 versus the second quarter of 2025. source
• Productive labor costs improved as a percent of revenue to 21.7% in the second quarter of 2026 from 24.4% in the second quarter of 2025. source
• Operating supplies and expenses increased $32.1 million, or 11.0%, in the first six months of 2026 versus the first six months of 2025. source
• Net gains on the sale of property and equipment were $17.2 million and $20.1 million in the second quarter and first six months of 2026, respectively. source
• Salaries, wages and benefits increased $15.3 million, or 2.3%, in the second quarter of 2026 versus the second quarter of 2025. source
• Productive labor costs improved as a percent of revenue to 22.9% in the first six months of 2026 from 24.5% in the first six months of 2025. source
• Employee benefit costs as a percent of salaries and wages increased to 42.0% in the second quarter of 2026 from 39.5% in the second quarter of 2025. source
• Employee benefit costs as a percent of salaries and wages increased to 40.7% in the first six months of 2026 from 38.9% in the first six months of 2025. source