Old Dominion Freight Line, Inc. (NASDAQ:ODFL) Q4 2022 Earnings Call Transcript

Adam Satterfield: Well, it — certainly there is uncertainty with respect to what fuel may end up averaging. We had — we have seen it declining a little bit more, and then it kind of reverted back and had a little bit of an increase over the last couple weeks as well. But certainly, if it holds steady from here, then maybe we see fuel prices that are down 10% or so this year. But I think it’s better for the U.S. economy if we get back to a lower fuel environment. And certainly, we will deal with that from a company standpoint, it’s not going to change our long-term objectives, and we’re not changing our operating ratio, goals, just because fuel may ultimately decline. Those are certainly built into what our longer-term forecasts are. We think that it should decline overall, and hopefully we get back to a lower fuel environment.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Greg Gantt for any closing remarks.

Greg Gantt: We thank you all for your participation today. We appreciate your questions. And please feel free to give us a call if you have anything further. Thanks, and have a great day.

Operator: The conference is now concluded. Thank you for attending today’s presentation. You may now disconnect.