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.