Fleet Management

Old Dominion Freight Line

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June 14, 2017 - Industry News

Penske Truck Leasing to Acquire Old Dominion Truck Leasing

Penske expects its deal to acquire Old Dominion Truck Leasing to close in July of this year. Photo: Penske

When completed, the deal will add approximately 1,400 tractors, trucks, and trailers to Penske's fleet.

Tags: Leasing, Penske Truck Leasing, Mergers & Acquisitions, Old Dominion Freight Line

April 27, 2017 - Industry News

Earnings Watch: Old Dominion, UPS Show First Quarter Improvements

Less-than-truckload carrier Old Dominion Freight Line Inc. reported better profit and revenue in the first quarter of the year while UPS Inc. reported earnings showing growth across its business segments

Tags: UPS, Old Dominion Freight Line, UPS Freight, Fleet Earnings

February 3, 2017 - Industry News

Earnings Watch: Saia, Old Dominion, Hub Group

Two less-than-truckload fleets and a multi-modal and logistics provider reported slightly lower fourth quarter earnings.

Tags: Old Dominion Freight Line, Saia, Hub Group, Fleet Earnings, LTL, 3PL, Intermodal

October 27, 2016 - Industry News

Earnings Watch: UPS, ODFL Rise; Knight, P.A.M., Hub, Echo Fall

At a time when many trucking companies are reporting lower third quarter profits, two report slight gains – but they remain the exception rather than the rule.

Tags: Economy, UPS, Old Dominion Freight Line, Knight Transportation, UPS Freight, Echo Global Logistics, Hub Group, PAM Transport, Fleet Earnings

October 12, 2016 - Industry News

ATRI Appoints Congdon, Low to Board of Directors

Image via ATRI

The American Transportation Research Institute has appointed David S. Congdon, vice chairman and CEO of Old Dominion Freight Line, and Robert E. Lowt, president and CEO of Prime, to its board of directors.

Tags: Leadership, Old Dominion Freight Line, ATRI, People, Prime Inc.

September 20, 2016 - Industry News

Another Carrier Lowers Expectations, Three LTLs Hiking Rates

Forward Air Corp. has become the latest trucking operation to lower expectations ahead of releasing its next earnings report.

Tags: UPS, Old Dominion Freight Line, Forward Air, UPS Freight, Freight Rates, FedEx, FedEx Freight, Fleet Earnings

May 17, 2016 - Industry News

Old Dominion Opens Indiana Service Center

An Old Dominion Freight Line service center technician checks diagnostics on a tractor engine. Photo: ODFL

Old Dominion Freight has opened a new service center, located in Brownsburg, Ind., to increase the company’s presence in the Indianapolis Area.

Tags: New Facility, Old Dominion Freight Line, LTL

May 13, 2016 - Industry News

ODFL Adds Terminal in North Carolina

Photo: ODFL

Old Dominion Freight Line Inc. has opened its newest service center, a 61-door facility located just off I-85 in Kings Mountain, N.C.

Tags: Old Dominion Freight Line

April 28, 2016 - Industry News

Earnings Watch: UPS Jumps; YRC Improves; ODFL, Universal Lower

UPDATED -- Another day, another raft of earnings reports on Thursday from the nation’s publicly owned trucking companies. Continuing a trend this first quarter, the companies' numbers are as varied as the services they offer.

Tags: Economy, UPS, Old Dominion Freight Line, Earnings, UPS Freight, Universal Truckload, Fleet Earnings, YRC Worldwide, YRC Freight

March 3, 2016 - Industry News

ODFL Tonnage Up from Year Earlier

The less-than-truckload carrier Old Dominion Freight Line Inc. has reported increases in freight for the first two months of 2016, including tons per day growing 2% and 3.2% for January and February, respectively, compared to the same time in 2015.

Tags: Old Dominion Freight Line, LTL, Tonnage

February 4, 2016 - Industry News

Earnings Watch: Hub Group, Roadrunner, ODFL, YRC Worldwide

Multi-modal freight transporter Hub Group Inc. has reported increases in fourth quarter 2015 and full year profits as revenue for both periods drifted lower for the Illinois-based operation.

Tags: Economy, Old Dominion Freight Line, Roadrunner Transportation, YRC Worldwide, YRC Freight, Hub Group, Fleet Earnings

November 13, 2015 - Industry News

Fleets Honored for Security, Claims and Loss Prevention Programs

ABF Freight System won the 2015 Excellence in Trucking Security Award. (From left) Jeff Ferber, Manager, Security - Field Operations; Chad Cullen, Security Investigator;   Josh Lovan, CCSP, Manager of Security; and ATA's Brian Lagana.

ABF Freight, Old Dominion Freight Line, and Roehl Transport took home honors from the American Trucking Associations' Safety, Security and Human Resources Conference in Little Rock, Ark.

Tags: Old Dominion Freight Line, Cargo Theft, ABF, Roehl Transport, Security, American Trucking Associations

October 30, 2015 - Industry News

Earnings Watch: Celadon, ODFL, YRC Worldwide, ArcBest, Hub Group

More trucking companies have released their third quarter financial earnings, showing improvements from a year earlier or at least maintaining their ground, despite complaints about the recent freight-hauling environment.

Tags: Celadon Trucking Services, Celadon Group, ABF, YRC Worldwide, YRC Freight, Hub Group, ArcBest Corp., Fleet Earnings, Economy, Old Dominion Freight Line, LTL

September 8, 2015 - Industry News

Old Dominion Sees Increased LTL Freight in Current Quarter

Photo courtesy ODFL

With about three weeks remaining in the third quarter of the year, the less-than-truckload carrier Old Dominion Freight Line on Tuesday reported increases in the amount of freight it has handled over the previous two months.

Tags: Old Dominion Freight Line, LTL, Tonnage, Less Than Truckload

July 30, 2015 - Industry News

Earnings Watch: YRC Back in the Black, ODFL Profit Up 16%

UPDATED -- The parent to several trucking companies moved from a loss in the second quarter of last year to a profit in the most recent quarter.

Tags: Economy, Old Dominion Freight Line, Fleet Earnings

June 2, 2015 - Industry News

ODFL Seeing More Tonnage, Updates Expectations

The less-than-truckload carrier Old Dominion Freight Line Inc. on Monday reported a year-over-year increase in tons per day for May of 9.6%, following growth of 9.7% for April.

Tags: Old Dominion Freight Line, LTL, Tonnage

May 22, 2015 - Industry News

Old Dominion Shuffles Senior Management

Old Dominion Freight Line announced that Greg C. Gantt has been promoted to the president and chief operating officer of the company, replacing David S. Congdon as the company’s president.

Tags: Leadership, Old Dominion Freight Line, People, Promotions

April 30, 2015 - Industry News

Old Dominion Reports $62.5 Million First Quarter Profit

Photo courtesy ODFL

Old Dominion Freight Line saw first quarter net income increase 36.3% from a year earlier, totaling $62.5 million, driven by expansion in its market share and a new record in first-quarter operating ratio for the LTL carrier.

Tags: Old Dominion Freight Line, Earnings

April 16, 2015 - Industry News

Old Dominion Riding High as LTL Evolves

Photo: Old Dominion Freight Line

How has the less-than-truckload business changed over the past decade? Stifel Transportation & Logistics Research Group decided to explore that topic in a recent note to investors.

Tags: Old Dominion Freight Line, LTL, Stifel Nicolaus

February 5, 2015 - Industry News

Old Dominion Freight Line Increases Quarterly, Yearly Profits

The less-than-truckload carrier Old Dominion Freight line has reported net income for the final quarter of 2014 rose 48.2% to $69.9 million from $47.2 million a year earlier.

Tags: Old Dominion Freight Line, Earnings

January 22, 2015 - Industry News

Jury Rules Against Old Dominion in EEOC Lawsuit

HDT file photo by Deborah Lockridge

A federal jury earlier this month found that the trucking company Old Dominion Freight Line violated federal disability discrimination law when it denied accommodation to -- and then fired -- a truck driver who self-reported alcohol abuse, according to the U.S. Equal Employment Opportunity Commission.

Tags: Truck Drivers, Old Dominion Freight Line, Litigation, EEOC

December 15, 2014 - Industry News

ODFL Raising Rates Early Next Year

The less-than-truckload carrier Old Dominion Freight Line Inc. said Monday it will implement a general rate increase averaging 4.5%, effective January 5, 2015.

Tags: Old Dominion Freight Line, Freight Rates

December 12, 2014 - Industry News

Old Dominion LTL Expands in Two Locations

Photo via Old Dominion.

Old Dominion Freight Line has expanded its less-than-truckload services in Portland, Ore., and Chattanooga, Tenn. The company opened a brand new facility in Portland and renovated an existing service center in Chattanooga.

Tags: New Facility, Old Dominion Freight Line, LTL, Portland, City Fleets

November 11, 2014 - Industry News

ODFL Announces $200 Million Stock Buyback

Old Dominion Freight Line Inc. has approved a stock repurchase program authorizing the North Carolina-based trucking company to repurchase up to $200 million of its outstanding common stock.

Tags: Old Dominion Freight Line

October 30, 2014 - Industry News

ODFL Reports Record Third Quarter Earnings, Revenue

Less-than-truckload carrier Old Dominion Freight Line Inc. has announced a 29.5% increase in third quarter net income totaling $77.9 million.

Tags: Old Dominion Freight Line, Earnings

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