Old Dominion Freight Line Inc Ordinary Shares
ODFL: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $462.00 | Jfgcdr | Gmpkvlgwzb |
Easing LTL Demand Backdrop More Evident, but Old Dominion's Margins Remain Impressive
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Business Strategy and Outlook
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 pricing discipline While other carriers slashed rates dramatically, OD held firm, keeping core revenue per hundredweight flat.