Old Dominion Freight Line Inc Ordinary Shares
ODFL: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $592.00 | Ftcfh | Zgnyxyfbyl |
Underlying Less-Than-Truckload Demand Stabilizing for Old Dominion
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Business Strategy and Outlook
Following impressive growth over the past decade, Old Dominion Freight Line is now the second-largest U.S. less-than-truckload carrier by revenue (after FedEx Freight) 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, the company kept its head above water via impressive pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.