Fleet Management

Old Dominion Freight Line

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March 9, 2018 - Industry News

Old Dominion Freight Line Announces Leadership Transition

Greg Gantt (center) has been named CEO of Old Dominion Freight Line, succeeding David Congdon (left)  who will replace Earl Congdon (right) as the executive chairman of the board. Photo: ODFL

Greg Gantt is succeeding David Congdon as CEO of Old Dominion Freight Line as of May 16 as part of the less-than-truckload company’s designed succession plan.

Tags: Leadership, Old Dominion Freight Line, LTL

February 8, 2018 - Industry News

Earnings Watch: Old Dominion, Hub Group, Radiant Logistics Profits Move Higher

The fourth quarter 2017 earnings reporting season continued on Thursday with another three fleets – Old Dominion Freight Line, Hub Group, and Radiant Logistics – reporting increased profits, due not only to more business and better rates, but also to tax reform.

Tags: Old Dominion Freight Line, Intermodal, Hub Group, Radiant Logistics, Fleet Earnings

February 2, 2018 - Industry News

Old Dominion Teams with MLB for 2018 Moving Day

Old Dominion is partnering with three MLB teams for annual Moving Day events celebrating the beginning of baseball season. Photo: Old Dominion Freight Line

Working with the New York Mets, Los Angeles Angels, and Kansas City Royals, Old Dominion will celebrate the beginning of a new Major League Baseball season during the traditional Spring Training Moving Days.

Tags: Old Dominion Freight Line, Marketing

February 1, 2018 - Industry News

FMCSA: Carriers Stymied by PeopleNet AOBRD Issue May Seek Exemption

Old Dominion Freight Line is seeking a one-year exemption from the ELD mandate. Photo: ODFL

The FMCSA is considering a request by one motor carrier for a one-year exemption from electronic logging rules so that its AOBRD/ELD provider can provide a specific type of software as having been made “on behalf of all motor carriers in similar situations concerning the integration of PeopleNet’s ELD software into fleet management systems.”

Tags: FMCSA, Old Dominion Freight Line, ELDs, ELD Mandate

October 26, 2017 - Industry News

Earnings Watch: ODFL Earnings Increase Almost 20%, UPS Profit Remains Strong

The mainly less-than-truckload fleet Old Dominion Freight Line Inc. has reported its profit rose nearly 20% in the third quarter of the year, due in part to a better overall economy and freight rates.

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

July 27, 2017 - Industry News

Earnings Watch: Old Dominion Earnings Spike 21.4% in Second Quarter

One of the country’s leading LTL carriers, Old Dominion Freight Line scored high in the second quarter, reporting a 21.4% increase in earnings per diluted share to $1.19 on revenue of $839.9 million.

Tags: Old Dominion Freight Line, Earnings

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, Economy, Old Dominion Freight Line, ArcBest Corp., Fleet Earnings, 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

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