Old Dominion Freight Line (ODFL) reported Q4 diluted earnings Wednesday of $1.23 per share, down from $1.47 a year earlier.

Analysts polled by FactSet expected $1.16.

Revenue for the quarter ended Dec. 31 was $1.39 billion, down from $1.50 billion a year earlier.

Analysts surveyed by FactSet expected $1.38 billion.

The company raised its quarterly dividend by 7.7% to $0.28 a share, payable March 19 to holders of record on March 5.