Company Reports

Following impressive growth over the past decade, Old Dominion is the second-largest US less-than-truckload carrier by revenue (after FedEx Freight) and the clear industry leader in execution, freight selection, and service quality, which is a significant factor when shippers consider which carriers to use. Even during the Great Recession, the company stayed afloat thanks to strong pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

Narrow moat less-than-truckload specialist Old Dominion's second-quarter revenue flipped positive year over year, rising 10%, driven by surging fuel surcharges and continued positive core pricing trends. Profitability rebounded following several years of declines driven by the freight recession.

Following impressive growth over the past decade, Old Dominion is the second-largest US less-than-truckload carrier by revenue (after FedEx Freight) and the clear industry leader in execution, freight selection, and service quality, which is a significant factor when shippers consider which carriers to use. Even during the Great Recession, the company stayed afloat thanks to strong pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

Narrow-moat less-than-truckload specialist Old Dominion's first-quarter revenue fell 3% year over year, driven by sluggish underlying freight demand. Operating profitability deteriorated again on lost operating leverage, though OD remains the industry margin leader.

Following impressive growth over the past decade, Old Dominion is the second-largest US less-than-truckload carrier by revenue (after FedEx Freight) and the clear industry leader in execution, freight selection, and service quality, which is a significant factor when shippers consider which carriers to use. Even during the Great Recession, the company stayed afloat thanks to strong pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

Following impressive growth over the past decade, Old Dominion is the second-largest US less-than-truckload carrier by revenue (after FedEx Freight) and the clear industry leader in execution, freight selection, and service quality, which is a significant factor when shippers consider which carriers to use. Even during the Great Recession, the company stayed afloat thanks to strong pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

Narrow-moat less-than-truckload specialist Old Dominion's fourth-quarter revenue fell 6% year over year, driven by persistently weak underlying industry demand. Operating profitability deteriorated again on lost operating leverage, though OD remains the industry margin leader.

Following impressive growth over the past decade, Old Dominion is the second-largest US less-than-truckload carrier by revenue (after FedEx Freight) and the clear industry leader in execution, freight selection, and service quality, which is a significant factor when shippers consider which carriers to use. Even during the Great Recession, the company stayed afloat thanks to strong pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

Narrow-moat less-than-truckload specialist Old Dominion's third quarter revenue fell 6% year over year, driven by lower tonnage (persistently weak underlying LTL industry demand). Operating profitability deteriorated again on lost operating leverage, though OD remains the industry margin leader.

Following impressive growth over the past decade, Old Dominion is the second-largest US 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 when shippers consider which carriers to use. Even during the Great Recession, the company kept its head above water thanks to impressive pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

Following impressive growth over the past decade, Old Dominion is the second-largest US 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 when shippers consider which carriers to use. Even during the Great Recession, the company kept its head above water thanks to impressive pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

Following impressive growth over the past decade, Old Dominion is the second-largest US 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 when shippers consider which carriers to use. Even during the Great Recession, the company kept its head above water thanks to impressive pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

Narrow-moat less-than-truckload specialist Old Dominion's second-quarter revenue fell 6% year over year on lower tonnage (persistently weak underlying LTL demand). As expected, operating profitability deteriorated on lost operating leverage, though OD remains the industry margin leader.

Following impressive growth over the past decade, Old Dominion is the second-largest US 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 when shippers consider which carriers to use. Even during the Great Recession, the company kept its head above water thanks to impressive pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

Less-than-truckload specialist Old Dominion's first-quarter revenue fell 6% year over year on lower fuel surcharges and softer tonnage. Profitability fell again because of lost operating leverage, though the firm remains the LTL industry margin leader.

Following impressive growth over the past decade, Old Dominion Freight Line is the second-largest US 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 when shippers consider which carriers to use. Even during the Great Recession, the company kept its head above water thanks in part to impressive pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

Following impressive growth over the past decade, Old Dominion Freight Line is the second-largest US 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 when shippers consider which carriers to use. Even during the Great Recession, the company kept its head above water thanks in part to impressive pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

Less-than-truckload specialist Old Dominion's fourth-quarter revenue fell 7% year over year on lower fuel surcharges and softer tonnage. While industry leading, profitability once again deteriorated, largely because of lost operating leverage.

Following impressive growth over the past decade, Old Dominion Freight Line is the second-largest US 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 when shippers consider which carriers to use. Even during the Great Recession, the company kept its head above water thanks in part to impressive pricing discipline. While other carriers slashed rates dramatically, Old Dominion held firm, keeping core revenue per hundredweight flat.

Narrow-moat less-than-truckload specialist Old Dominion Freight Line's third-quarter revenue flipped negative, falling 3% year over year on lower tonnage, which fell short of our expected run rate.