Old Dominion Freight Line

(ODFL) - Get Old Dominion Freight Line, Inc. Report

said third-quarter and full-year 2002 earnings forecasts would be above analysts' expectations, due to increased shipments.

The company expects to earn 65 cents to 70 cents a share, compared with 44 cents a share in last year's third quarter. The company had originally estimated EPS of 54 cents to 59 cents. Analysts were expecting the company to earn 55 cents a share.

For 2002, the company now expects to earn $1.90 to $2 a share, up from its original estimate of $1.62 to $1.72 a share, and compared with $1.22 in the year-ago period. Analysts were expecting the company to earn $1.70 a share.

The company cited an increase in demand for LTL tons and LTL shipments. Old Dominion also said the bankruptcy of competitor

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earlier this month contributed to the company's profitable quarter.

Shares of the Thomsonville, N.C.-based company closed at $16.35 Friday on the