Less demand for its customers’ goods is cutting into tonnage and shipments at Old Dominion Freight Line, but not the company’s revenue or profit.
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.
07 Sep 2022
LTL shipments at Old Dominion Freight Line fell about 3 percent year over year in August, following a more seasonal pattern than August 2021 when shipments jumped 17 percent.
11 Aug 2022
Some of the largest US less-than-truckload carriers, including FedEx Freight, are adding terminals and doors to their networks as LTL freight demand defies the threat of economic recession.
27 Jul 2022
The gap between truckload and LTL grows wider as LTL carriers maintain pricing discipline and focus on network density to drive revenue and profit growth.
11 May 2022
Demand for LTL capacity is rising even faster than carriers can add terminals and doors, pushing rates higher still.
08 Mar 2022
Combined revenues among the 25 largest US LTL trucking companies jumped more than 20 percent in 2021, and the market conditions that allowed for that record-setting revenue growth remain firmly in place in early 2022.
07 Mar 2022
Double-digit increases in tonnage and volume at two of the largest less-than-truckload carriers in February reflect strong overall demand from US retail and industrial shippers.
23 Feb 2022
Higher rates and accessorial charges helped the largest US less-than-truckload carriers add revenue at an unprecedented pace last year, with the five fastest-growing companies increasing their top line between 30 and 40 percent.
04 Feb 2022
The pipeline of freight feeding less-than-truckload carriers is getting bigger, expanded by growth from traditional industrial sources and imports moving into LTL trucking networks.
25 Jan 2022
High freight demand, driven by US imports and e-commerce, will keep pressure on less-than-truckload capacity and pricing in 2022, speakers said at the annual SMC3 JumpStart conference.
11 Jan 2022
E-commerce demand, inventory restocking, and increased manufacturing output will keep LTL carriers in flux and LTL pricing high in 2022.
16 Dec 2021
Once often discounted, general rate increases are going to stick as LTL trucking demand grows faster than capacity.
29 Oct 2021
With less-than-truckload demand high and capacity tight, TFI International is clawing back its US LTL network to improve freight and lane density and profitability.
08 Oct 2021
LTL carriers including Old Dominion Freight Line are turning to surcharges to keep over-sized, unwieldy shipments from clogging their networks, taking a page from parcel carriers.
07 Sep 2021
Less-than-truckload carrier Old Dominion Freight Line hopes to counter the threat of COVID-19 to its own employees and its customers with a financial vaccination incentive.
10 Aug 2021
Old Dominion Freight Line, the second-largest US LTL carrier, is accelerating a $275 million expansion plan as surging LTL becomes more central to the consumer economy.
03 Jun 2021
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.
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.
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