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Old Dominion Freight Line Inc   (ODFL)
Other Ticker:  
 
 
Price: $445.8900 $5.67 1.288%
Day's High: $447.29 Week Perf: 6.31 %
Day's Low: $ 438.03 30 Day Perf: 12.76 %
Volume (M): 888 52 Wk High: $ 448.45
Volume (M$): $ 396,040 52 Wk Avg: $376.48
Open: $438.65 52 Wk Low: $295.80



 Market Capitalization (Millions $) 48,974
 Shares Outstanding (Millions) 110
 Employees 23,663
 Revenues (TTM) (Millions $) 5,862
 Net Income (TTM) (Millions $) 1,241
 Cash Flow (TTM) (Millions $) -10
 Capital Exp. (TTM) (Millions $) 922

Old Dominion Freight Line Inc

We are a leading, less-than-truckload (“LTL”), union-free motor carrier providing regional, inter-regional and national LTL services, which include ground and air expedited transportation and consumer household pickup and delivery through a single integrated organization. We were the fifth largest LTL motor carrier in the United States, according to Transport Topics. In addition to our core LTL services, we offer a broad range of value-added services including international freight forwarding, container drayage, truckload brokerage, supply chain consulting and warehousing. Our services are complemented by our technological capabilities, which we believe provide the tools to improve the efficiency of our operations while empowering our customers to manage their individual shipping needs. More than 95% of our revenue is derived from transporting LTL shipments for our customers, whose demand for our services is generally tied to industrial production and the overall health of the U.S. domestic economy.

We have increased our revenue and customer base over the past five years primarily through organic growth. Our infrastructure allows us to provide next-day and second-day service within each of our six regions covering the continental United States, as well as inter-regional and national service between these regions.

We believe our growth can be attributed to our focus on meeting our customers’ complete supply chain needs from a single point of contact while providing a superior level of customer service at a fair and equitable price. Our integrated structure allows us to offer our customers consistent high-quality service from origin to destination, and we believe our operating structure and proprietary information systems also enable us to efficiently manage our operating costs.

Trucking companies provide transportation services to virtually every industry operating in the United States and generally offer higher levels of reliability and faster transit times than other surface transportation options. The trucking industry is comprised principally of two types of motor carriers: LTL and truckload. LTL carriers typically pick up multiple shipments from multiple customers on a single truck and then route that freight for delivery through service centers where the freight may be transferred to other trucks with similar destinations. In contrast, truckload carriers generally dedicate an entire truck to one customer from origin to destination.




   Company Address: 500 Old Dominion Way Thomasville 27360 NC
   Company Phone Number: 889-5000   Stock Exchange / Ticker: NASDAQ ODFL
   


Customers Net Income fell by ODFL's Customers Net Profit Margin fell to

-44.3 %

11.08 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ARCB   -0.68%    
JBHT        2.06% 
KNX        1.8% 
SAIA        8.49% 
SNDR        1.32% 
WERN        0.58% 
• View Complete Report
   



Old Dominion Freight Line Inc

Transport & Logistics Giant Faces Revenue Dip in Q3 2023: What's Next?

Despite a weak financial period from July to September 30, 2023, there are reasons to remain optimistic about the stock market and its potential for growth. While Old Dominion Freight Line Inc experienced a decline in profitability and revenue during this period, it is important to consider the company's overall performance and its prospects for the future.
During the July to September 30, 2023 financial period, Old Dominion saw a decrease in profitability by -8.04% to $3.09 per share. Revenue also took a hit, declining by -5.513% to $1.52 billion year-on-year. These figures may seem disappointing at first glance, but when compared to the previous period, there are promising signs of growth. In fact, EPS saw a surge of 16.6% from $2.65 per share, and revenue advanced by 7.224% from $1.41 billion. This indicates that the company is making progress despite the temporary setback.

Old Dominion Freight Line Inc

Old Dominion Freight Line Inc reports decrease in Q2 2023 Revenue, Earnings Drop by 19.7%



Old Dominion Freight Line Inc, a renowned transportation and logistics company, experienced a drop in revenue and profitability during the second quarter of 2023. The company reported a significant decline in income, revenue, net income, and operating earnings compared to the same period last year, indicating a challenging financial quarter. This article aims to delve deeper into the context of these financial results, considering the broader performance of the company and its impact on shareholders.
Q2 2023 Financial Performance:
During the second quarter of 2023, Old Dominion Freight Line Inc observed a decline of -19.7% in income to $2.65 per share. Additionally, its revenue decreased by -15.248% year on year, recording $1.41 billion compared to $1.67 billion in the same period the previous year. While income improved by 2.71% from the preceding three months, revenue decreased by -2.007%. Net income also suffered a significant drop, falling by -22.26% to $292.362 million, compared to $376.078 million in the corresponding period a year earlier.
Profitability and Margins:
Old Dominion Freight Line Inc's profitability was notably affected in Q2 2023. Its operating margin decreased to 27.71%, while net margin shrank to 20.69%. Operating earnings suffered a -23.02% decline, reaching $391.594 million. These figures contributed to a decrease in operating margin from 30.51% in the second quarter of 2022 to 27.71% in Q2 2023.

Old Dominion Freight Line Inc

Old Dominion Freight Line Inc. Faces Revenue Decline in Q1 2023 Amidst Industry Challenges

Old Dominion Freight Line Inc. is a leading national transportation company that offers premium, reliable and efficient services across the United States, Canada, and Mexico. The company provides cost-effective and quick shipping solutions for industries such as healthcare, retail, automotive, and food.
The transportation industry has been experiencing major challenges due to the pandemic, including supply chain disruptions, high fuel prices, driver shortages, and increased demand for delivery services as more people shop online. These challenges have impacted Old Dominion Freight Line Inc.'s financial results in the first quarter of 2023 as the company released soft results.






 

Old Dominion Freight Line Inc's Segments
 
 
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