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Old Dominion Freight Line reported Q3 EPS of $1.28, beating estimates but falling 15 cents y/y. Revenue was $1.41 bln, slightly ahead of consensus but down 4% y/y. Tonnage declined 9% y/y, while yield increased 5%. Management attributed the decline to softness in the industrial and housing markets, but noted that demand hasn't materially weakened.

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