Fleet Management

Old Dominion Freight Line

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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, Fleets

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, City of Chattanooga, Portland

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

October 20, 2014 - Industry News

ODFL Opening New Memphis Terminal

Memphis serves as one of the company’s busiest freight hubs due to its proximity to Interstate 40, Interstate 55, three major rail heads, the largest American cargo airport and the nation’s second largest inland port.

Tags: LTL, Tennessee, Old Dominion Freight Line

September 29, 2014 - Industry News

Old Dominion Adds 2 New Drayage Facilities

Photo: Old Dominion.

Old Dominion Freight line added drayage facilities in Dallas and Nashville, which it says are strategically positioned near major railheads to accommodate growing demands domestically and globally.

Tags: Trailers, Old Dominion Freight Line, Railroads, LTL, Texas, Tennessee

September 3, 2014 - Industry News

ODFL Raises Third Quarter Expectations

The North Carolina-based operation also affirmed its previously announced expectations for growth in its LTL revenue per hundredweight.

Tags: Old Dominion Freight Line, Freight, Earnings

July 31, 2014 - Industry News

ODFL Profit Jumps 26.5%, ArcBest Triples

Photo: Evan Lockridge

Less-than-truckload carrier, Old Dominion Freight Line, posted a 19.1% increase in its second quarter revenue while profit gained by a wider margin.

Tags: Old Dominion Freight Line, Earnings, Panther, ABF, ArcBest Corp.

June 25, 2014 - Industry News

ODFL Expands Maine Terminal

The renovated facility contains 43 doors, more than 60% more doors than the original service center. The company first established its presence in Maine in 2005.

Tags: Old Dominion Freight Line, Maine

May 27, 2014 - Industry News

ODFL Raises Second Quarter Expectations

Less-than-truckload carrier Old Dominion Freight Line on Tuesday increased its outlook for growth in second-quarter revenue per hundredweight, excluding fuel surcharges, to a range of 3% to 3.5% from the same time in 2013.

Tags: Old Dominion Freight Line, Freight

April 24, 2014 - Industry News

UPS Profit Falls, Old Dominion Earnings Grow 13.2%

Parcel delivery and trucking giant UPS has reported a lower first quarter profit despite higher revenue, while another major less-than-truckload player hit a record.

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

April 16, 2014 - Industry News

Three Major LTLs Commit to uShip

Online freight marketplace uShip has announced three top national less-than-truckload carriers have committed to uShip’s shipper-direct LTL spot rate marketplace.

Tags: Con-way Freight, Information Technology, Old Dominion Freight Line, LTL, uShip, YRC Freight

April 14, 2014 - Industry News

ODFL Increasing Rates Next Month by 4.3%

Less-than-truckload carrier Old Dominion Freight Line will increase its base rates by an average of 4.3% effective May 1.

Tags: Old Dominion Freight Line, Freight Rates

April 8, 2014 - Industry News

Will ODFL Underprice its LTL Rivals Once Again?

Photo: Deborah Lockridge

The less-than-truckload industry is watching to see what move Old Dominion Freight Lines makes in the annual spring tariff-hike season.

Tags: Old Dominion Freight Line, LTL, Freight Rates

March 10, 2014 - Industry News

ODFL February LTL Tonnage Jumps, Expectations Raised

Old Dominion Freight Line on Monday reported an increase in its less-than-truckload tons per day for February of 11.7% compared with February 2013, following growth of 10.1% for January 2014 compared to the year before.

Tags: Old Dominion Freight Line, Truck Tonnage, Tonnage

February 28, 2014 - Industry News

Trucking and Others Renew Fight Against Tolls

Photo: Somerset toll booth, Pennsylvania turnpike, by Doug Kerr, via Wikimedia Commons.

Businesses and organizations from numerous sectors of the U.S. economy, including in trucking, have renewed their efforts opposing tolls on existing federal interstates.

Tags: ATA, Congress, Tolls, Old Dominion Freight Line, Highway Funding, President Obama

February 6, 2014 - Industry News

ODFL Profit Jumps Nearly 20%

Less-than-truckload carrier Old Dominion Freight Line has released numbers showing revenue for the fourth quarter of 2013 increased 11% to $592.5 million from $533.8 million for the fourth quarter of 2012.

Tags: Old Dominion Freight Line, Earnings

December 3, 2013 - Industry News

ODFL Forecasting Fourth Quarter Tonnage Growth

Less-than-truckload carrier Old Dominion Freight Line on Tuesday updated its expectations for growth in tons per day and revenue per hundredweight for the fourth quarter of this year, saying it now expects a larger increase in tons per day.

Tags: Old Dominion Freight Line, Freight, Fleet Financials, LTL

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