At a time when LTL shipments and freight volumes in general declined, ODFL increased its fourth-quarter shipment count 8.2 percent, while increasing revenue and profit. Lower fuel surcharges slowed revenue growth, but the carrier outperformed its peers.
Old Dominion Freight Line
14 Dec 2015
Old Dominion Freight Line is adding a second terminal in St. Louis, Missouri, expanding its less-than-truckload service in the city and the Midwest.
12 Dec 2015
Old Dominion Freight Line is proving by example that there is plenty of life in the less-than-truckload model that served as the blueprint for trucking from the 1930s through deregulation in the 1980s.
02 Dec 2015
Old Dominion Freight Line barreled past signs warning U.S. shipping was slowing in the first two months of the fourth quarter, handling more shipments and higher freight tonnage.
21 Nov 2015
Less-than-truckload shipments increased marginally in the first nine months of 2015, as freight revenue plummeted, thanks largely to the drop in fuel surcharges, SJ Consulting Group says.
17 Nov 2015
ODFL is offering some shippers a chance to ditch fuel surcharges, a step that could lead to LTL pricing more closely aligned with service and actual costs.
05 Nov 2015
Old Dominion Freight Line is rebuilding its drayage model around company drivers to better align container hauling with its less-than-truckload business and avoid court battles over worker classification. The less-than-truckload carrier is also focusing more on East Coast ports.
05 Nov 2015
The fourth-largest U.S. less-than-truckload carrier could double its market share in coming years, as sustained profitability supports ongoing expansion, CEO David Congdon tells JOC.com.
29 Oct 2015
'Softening' freight demand affects all carriers, slowing growth at Old Dominion Freight Line and pushing down revenue and profit at Saia. Carriers are adapting to the slower paced economy.
13 Oct 2015
An alliance with Mallory Alexander International Logistics will drive Old Dominion Freight Line deeper into shipper's global supply chains.
08 Sep 2015
Less-than-truckload shipments rose between 11 and 13 percent at Old Dominion Freight Line, which gained market share as it continued long-term expansion. Lower fuel surcharges diluted yield, however.
13 Aug 2015
The 28 percent drop in retail diesel fuel prices in the second quarter cut shipper transportation expenses and boosted trucking profits, with the publicly owned motor carriers tracked by JOC.com increasing their combined operating profit by 13 percent. Higher sustainable profits in turn fuel the expansion of capacity needed by shippers.