Old Dominion Freight shares rise 6.92% intraday as improved pricing power offsets lower shipping volumes in November update.

Old Dominion Freight Line (ODFL) surged 6.92% intraday after investors focused on improved pricing power despite a 10.0% decline in less-than-truckload (LTL) tons per day in November. The company reported a 4.4% drop in daily revenue, driven by weaker volumes, but highlighted a rise in LTL revenue per hundredweight, a key pricing metric. This offset part of the volume decline and signaled.