U.S. stock market update: Old Dominion Freight down 8.70%

U.S. Stock Market Midday Update Old Dominion Freight fell 8.70%. According to recent important news: On July 30, Old Dominion Freight announced its second-quarter financial report showing a GAAP earnings per share of $1.27, below the expected $1.29, with revenue declining 6.0% year-on-year to $1.41 billion, leading to an 8.70% drop in stock price. On July 30, analysts generally lowered their earnings expectations for Old Dominion Freight, with the current average rating being "Hold," which intensified market concerns about the company's future performance. On July 30, the company's operating ratio rose to 74.6%, reflecting increased costs and declining profitability, further undermining investor confidence. Stocks with High Trading Volume in the Industry XPO Logistics fell 1.48%, with increased trading volume. Based on recent important news: On July 9, Citigroup downgraded XPO's rating from "Buy" to "Neutral," citing overvaluation due to freight recession, resulting in a 1.3% drop in stock price. On July 1, XPO's short interest decreased by 9.33%, indicating increased market confidence. On June 5, XPO's North American less-than-truckload freight volume decreased by 5.7% year-on-year, impacting stock performance. SAIA fell 2.40%, with increased trading volume. Based on recent important news: On July 28, SAIA released its second-quarter financial report, showing earnings per share exceeding expectations, but sales slightly below expectations, leading to a negative market reaction and a 2.40% drop in stock price. On July 28, several analysts raised SAIA's target price, but it failed to boost market confidence, and the stock price still declined. On July 29, MarketBeat reported that despite SAIA being rated as a moderate buy, top analysts were more optimistic about other stocks, affecting investor confidence. ArcBest fell 10.96%, with increased trading volume. Based on recent important news: On July 30, ArcBest announced second-quarter results below expectations, with net income of $25.8 million, a 45% year-on-year decline. Adjusted earnings per share were $1.36, below the expected $1.47, leading to a 12% drop in stock price. On July 30, the company's revenue decreased to $1.02 billion, below the expected $1.04 billion, due to reduced transportation revenue, further undermining market confidence. On July 30, ArcBest's operating expenses increased to $985 million, affecting profitability, with a negative market reaction. Stocks with High Market Capitalization in the Industry JB Hunt fell 1.23%, with increased trading volume. Based on recent important news: On July 27th, a retail investor riot led to a surge in trading volume for small-cap stocks, with JB Hunt affected and down 1.23%. On July 28th, JB Hunt released its financial report, and the market reacted poorly, putting pressure on the stock price. On July 29th, concerns about the economic outlook intensified, leading to a general decline in the transportation industry