Old Dominion Freight Line (ODFL) official guidance

I would anticipate, just like we saw this year, that our total CapEx will likely be lower than the 10%-15% of revenue spend that we typically see, just based on the size of the fleet that we can grow into.

We currently expect our effective tax rate to be 24.8% for the fourth quarter of 2026.

I think where our headcount is, I don't really see any type of material change as we go through the fourth quarter.

I think that we're looking at, with the implied guidance that we gave, incremental margins in about the 45% range.

So, that would put us at around a 73.5 for the quarter overall. But I would add a plus or minus 20 basis points to maybe give us a little flexibility.

Based on these results, I currently anticipate revenue of $1.54 billion-$1.58 billion for the fourth quarter, which would be above our normal seasonality.

The Company expects its aggregate capital expenditures for 2026 to total approximately $380 million, including planned expenditures of $180 million for real estate and service center expansion projects; $155 million for tractors and trailers; and $45 million for information technology and other assets.

The Company expects its aggregate capital expenditures for 2026 to total approximately $380 million, including planned expenditures of $180 million for real estate and service center expansion projects; $155 million for tractors and trailers; and $45 million for information technology and other assets.

The Company expects its aggregate capital expenditures for 2026 to total approximately $380 million, including planned expenditures of $180 million for real estate and service center expansion projects; $155 million for tractors and trailers; and $45 million for information technology and other assets.

The Company expects its aggregate capital expenditures for 2026 to total approximately $380 million, including planned expenditures of $180 million for real estate and service center expansion projects; $155 million for tractors and trailers; and $45 million for information technology and other assets.

We currently expect our effective tax rate to be 25.0% for the third quarter of 2026.

My baseline is $4.95 as an average per gallon for the full quarter.

Through the balance of the third and fourth quarter, probably not a lot of material change in our headcount overall there.

With some of those things in mind, I would say a normalized overall increase off the 70.1% would be an increase of about 150-200 basis points from the second to the third quarter.

Conservatively, if we carry that same 7.5%-8% growth rate, that'd be about $1.52 billion for the full quarter.

As a result, I'm currently anticipating an improvement in this metric for the third quarter of 4%-4.5%.

We currently expect our effective tax rate to be 25.0% for the Q2 of 2026.

Not to say there might not be some hiring here and there, but overall, I'd expect a pretty similar, you know, headcount level, if you will, as we go through the balance of this quarter.

The 10-year average change for the operating ratio is 300 to 350 basis point improvement from the first to the second quarter. We're comfortable with that range in the Q2 this year, assuming that we do see some sequential improvement in our volumes from here.

We're looking like we're gonna have revenue growth in the Q2 and you know, that should lend itself to good earnings growth as well.