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Why Old Dominion Freight Line Stock Was Sliding Today

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Summary
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Shares of Old Dominion Freight Line (NASDAQ: ODFL ) were falling today in sympathy with a disappointing report from rival Saia , another top less-than-truckload ( LTL ) carrier.

Saia 's revenue rose 4.3% in the first quarter to $787.6 million , badly missing estimates at $811.5 million .

ODFL said revenue fell 5.8% to $1.37 billion , while earnings per share dropped 11% .

As of 11:58 a.m. ET , Old Dominion stock was down 6.7% , while Saia stock had plunged 29.1% ..