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Old Dominion Freight Line Inc Ordinary Shares - Stock Quote ODFL

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Morningstar's Old Dominion Freight Line Inc Ordinary Shares Stock Analysis

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Old Dominion's Strong Growth Persists Thus Far in First-Half 2022, but Normalization Likely

Matthew Young, CFA Equity Analyst

Business Strategy and Outlook

| Matthew Young, CFA |

Following impressive growth over the past decade, Old Dominion is now the fourth-largest U.S. less-than-truckload, or LTL, carrier by revenue and the clear industry leader in terms of execution, freight selection, and service quality (which is no small factor for shippers). Even during the Great Recession, OD kept its head above water via impressive rate discipline While other carriers slashed rates dramatically, OD held firm, keeping core revenue per hundredweight flat.

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Old Dominion Freight Line Inc Ordinary Shares's Company Profile

Business Description

Old Dominion Freight Line is the fourth-largest less-than-truckload carrier in the United States, with more than 240 service centers and 9,200-plus tractors. OD is by far one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns stand head and shoulders above its peers. Strategic initiatives revolve around increasing network density through market share gains and maintaining industry-leading service via consistent infrastructure investment.

Contact
500 Old Dominion Way
Thomasville, NC, 27360
T +1 336 889-5000
Industry Trucking
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 23,663