Old Dominion Freight Line (ODFL) reported its fourth quarter 2024 earnings, achieving a GAAP earnings per share (EPS) of $1.23, surpassing analysts' expectations of $1.18. The company's sales also exceeded forecasts, reaching $1.386 billion compared to an estimated $1.379 billion. ODFL announced a quarterly dividend increase of 2 cents per share, raising it from 26 cents to 28 cents, marking the first dividend hike since its stock split last March. Despite ongoing softness in freight demand, ODFL has maintained its market share and strengthened customer relationships. The company remains optimistic about the upcoming year, having absorbed the costs associated with over 30% excess capacity while awaiting a market recovery.