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.
Old Dominion Freight Line
Old Dominion Freight Line
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.
06 Sep 2018
Shipments, tonnage rose at a higher-than-typical rate this summer, putting Old Dominion Freight Line in the catbird seat heading into the peak autumn season.
13 Aug 2018
Shippers take note: concerning US less-than-truckload trucking companies’ pricing power in contract talks, it’s not the end. It’s not even the beginning of the end.
31 Jul 2018
The mode-shifting by shippers is not only caused by tight US truckload capacity, but also changing retail dynamics in the “Amazon Era.”
05 Jun 2018
US shippers may be concerned about the impact of trade wars and higher tariffs on their costs, but those jitters haven’t dented how much freight they actually ship. Initial reports from trucking companies such as Old Dominion Freight Line and economic indicators such as the Non-Manufacturing Index and Purchasing Managers' Index show the US economy is still rolling strong.
31 May 2018
Less-than-truckload carriers are in expansion mode as freight pours in from traditional and non-traditional sources. But will available industrial real estate limit their growth?
18 May 2018
Finding capacity for shippers and increasing Old Dominion’s less-than-truckload (LTL) market share to 15 percent are key goals for Greg C. Gantt, the company’s new CEO. The LTL trucking company is undergoing a management transition as it seeks to overtake larger rival, XPO Logistics.
05 Dec 2017
The freight boom that began absorbing truck capacity in September still has legs.
27 Oct 2017
Third-quarter earnings reports reveal across-the-board increases in transportation rates, with little sign pressure will ease soon.
01 Aug 2017
A steady increase in freight volumes and e-commerce demand is fueling an expansion of LTL networks, with YRC Freight planning eight distribution centers.
14 Jun 2017
Penske to acquire truck leasing, dedicated logistics business owned by family that founded Old Dominion Freight Line.
09 Jun 2017
As e-commerce reshapes fulfillment and transportation, the effects are evident among logistics companies that make the Fortune 500 list of largest US companies.
05 Jun 2017
ODFL’s mid-quarter update is the latest indication that freight volumes and shipping costs are rising in the United States.