Double-digit year-over-year increases in volume and revenue at Old Dominion Freight Line set a benchmark for US economic and LTL sector growth since the worst point of the recession.
Old Dominion Freight Line
Old Dominion Freight Line
Old Dominion Freight Line news and analysis. Get the latest news about Old Dominion Freight Line and the trucking industry.
03 May 2021
US LTL pricing continues its climb, as inflationary pressures from driver wages to the cost of purchased transportation accelerate rate hikes. Both carriers and 3PLs report high LTL volumes.
22 Apr 2021
The second-largest standalone US LTL carrier says it will build four to six additional terminals this year, as demand for retail and industrial freight pushes LTL carriers to expand.
02 Mar 2021
Old Dominion Freight Line in February handled more and heavier LTL shipments than a year ago as shippers hit hard by winter storms searched for truck capacity.
12 Feb 2021
Old Dominion Freight Line is closely following big box retail customers, adding new service centers as e-commerce spurs construction of new distribution centers.
03 Dec 2020
LTL freight volumes and tonnage are increasing year over year in the fourth quarter, but the pandemic’s latest waves could slow growth until COVID-19 vaccines become available.
11 Aug 2020
With volume returning, less-than-truckload operators are putting more pressure on shippers to raise rates.
05 Aug 2020
The disruption and dislocation caused by the COVID-19 pandemic puts a premium on shipper visibility into LTL networks via digitization, as well as “touchless” pickups and deliveries.
04 Aug 2020
The less-than-truckload (LTL) industry is catching the wave of digitization transforming supply chains, as e-commerce heightens shipper demand for improved service and visibility.
30 Jul 2020
Amid reports of tightening LTL capacity, ODFL, ArcBest’s ABF Freight, and XPO look to put more distance between their businesses and April’s steep decline in volume.
03 Jun 2020
Shipments were down year over year in May at less-than-truckload carriers ODFL and Saia, but not by as much as in April, a sign the US industrial economy is beginning to improve.
27 Apr 2020
Trucking companies large and small are focused on getting through the next month or two, after which they hope freight volumes will begin to recover. But that recovery may be a long one.
06 Apr 2020
The 50 largest US trucking operators in the United States saw revenue growth throttle back considerably in 2019, but 2020 is shaping up to be even worse.
09 Mar 2020
Compared with the freight boom of 2018, last year was disappointing for US less-than-truckload carriers, but pricing discipline allow the largest operators to maintain — and in some cases increase — their top line revenue.
04 Mar 2020
US business activity stumbled in February, according to IHS Markit, perhaps in part due to the new coronavirus disease. That put more pressure on less-than-truckload shipping volumes.
11 Feb 2020
XPO Logistics, Old Dominion Freight Line, and Saia are among LTL trucking companies that see encouraging, albeit modest and early, signs for economic growth in 2020.
27 Dec 2019
Less-than-truckload (LTL) carriers maintained pricing discipline and focusing on their bottom lines in 2019, but the overall outlook for the sector in 2020 still depends largely on a flagging US manufacturing industry.
11 Dec 2019
The second-largest US LTL carrier has completed its AOBRD to ELD conversion, and now looks to expand the integration of its ELDs with other technologies, including geofencing.
04 Dec 2019
Less-than-truckload tonnage trends are still negative year over year in the fourth quarter, but they’re “stabilizing” at Old Dominion Freight Line, CEO Greg C. Gantt said Wednesday.
24 Oct 2019
The stress imposed on the trucking sector by slower US economic growth is likely to be apparent across the board in third-quarter motor carrier financial reports.
20 Sep 2019
The need for speed and distribution points closer to customers is fueling growth and demand for more capacity among LTL carriers, even in a softer overall freight market.
18 Sep 2019
When it comes to profitability, FedEx’s less-than-truckload arm outperformed its bigger, package-focused sister divisions, while gaining e-commerce business.
18 Sep 2019
The second-largest US less-than-truckload company will add or expand eight terminals in the second half of 2019 as the LTL sector takes a long-haul view of the economy.
07 Aug 2019
Tonnage and shipments are falling, but LTL carriers are piling up profits, thanks to a keen focus on the bottom line not noticeable 10 years ago.
25 Jul 2019
Old Dominion Freight Line demonstrates how trucking companies can prosper even in a “soft demand environment.” The key: Knowing your costs, and pricing accordingly.
01 Jul 2019
In a disaster-prone era, LTL carrier ODFL finds preparing for any event is better than reacting to one.
06 Jun 2019
Schneider and Landstar this week offered a tepid assessment of the truckload market in 2019 as spot rates continue to be down double digits from last year, while contract rates have turned negative, too. But there are positive signs in the data.
06 Jun 2019
Less-than-truckload volumes continue to decline, but revenue and pricing remain stable, says Old Dominion Freight Line president and CEO Greg C. Gantt.
25 Apr 2019
Some of the biggest trucking companies are riding the 2018 wave well into 2019, and they’re focused more on building profit than revenue as the US economy slows.
22 Apr 2019
The 50 largest US trucking operators grabbed a larger share of the market, while smaller carriers raised the bar in terms of revenue growth last year thanks to the strongest freight market since the 2009 recession.
05 Mar 2019
The second-largest US LTL carrier reported growth in shipments and revenue in the first quarter, albeit at lower rates than in 2018.
26 Feb 2019
Double-digit revenue increases may be more difficult to come by this year than in 2018, but profits and acquisitions are expected to fuel the fastest-growing truckload and LTL companies.
09 Nov 2018
Shippers search for alternate carriers as rank-and-file union members vote on ‘last, best’ offer from LTL carriers.
25 Oct 2018
Sequential volume gains may have slowed, but year-over-year shipment increases are still substantial for two of the largest US trucking companies.
11 Oct 2018
Storm damage reached from Florida into the Carolinas on Thursday and severed the I-10 east-west route. The likely outcome is higher costs and lengthy detours.
04 Oct 2018
The expansion is a bet on the continuing strength of the US economy — and Old Dominion has a record of success when it comes to matching demand and capacity with price and avoiding inefficiencies.
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