UPDATE 2-Old Dominion profit tops Wall Street view

* Q3 EPS 44 cents vs Street view 41 cents

* Revenue up 22.7 pct
(Adds comparison with estimates)

BOSTON, Oct 27 (BestGrowthStock) – U.S. trucker Old Dominion
Freight Line (ODFL.O: ) said profit more than doubled in the
third quarter, topping analysts’ expectations, on rising demand
for hauling services and higher pricing.

The company, which specializes in shipments that do not
fill an entire truck, said earnings came to $24.4 million, or
44 cents per share, compared with $10.5 million, or 19 cents
per share, a year earlier.

Analysts, on average, expected 41 cents per share,
according to Thomson Reuters I/B/E/S.

Revenue rose 22.7 percent to $396 million.

The tentative U.S. economic recovery has brought an uptick
in demand for shipping services of all kinds as businesses
restock inventories slashed during the recession.

Companies ranging from United Parcel Service Inc (UPS.N: ),
the world’s largest package-delivery company, to railroad
Kansas City Southern (KSU.N: ) have reported better-than-expected
results over the past week.

Old Dominion shares are up 29 percent so far this year,
topping the 16 percent rise in the Dow Jones transportation
average (.DJT: ).
(Reporting by Scott Malone, editing by Maureen Bavdek and John
Wallace)

UPDATE 2-Old Dominion profit tops Wall Street view