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Old Dominion Freight Line Inc   (ODFL)
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Old Dominion Freight Line Inc 's

Competitiveness


 

ODFL Sales vs. its Competitors Q3 2023



Comparing the current results to its competitors, Old Dominion Freight Line Inc reported Revenue decrease in the 3 quarter 2023 year on year by -5.51 %, slower than the combined decrease of the ODFL's competitors by -16.33 %, recorded in the same quarter.

List of ODFL Competitors

With a net margin of 22.39 % Old Dominion Freight Line Inc achieved higher profitability than its competitors.

More on ODFL Profitability Comparisons



Revenue Growth Comparisons




Net Income Comparison


Old Dominion Freight Line Inc Net Income in the 3 quarter 2023 fell year on year by -10.1%, while most of its competitors have experienced a contraction in net income by -42.89 %.

<<  ODFL Stock Performance Comparisons


Old Dominion Freight Line Inc 's Comment on Competitors and Industry Peers


We compete with regional, inter-regional and national LTL carriers and, to a lesser extent, with truckload carriers, small package carriers, airfreight carriers and railroads. We also compete with, and provide transportation services to, third-party logistics providers that determine both the mode of transportation and the carrier. We compete with several large and diversified transportation service providers, each of which may have a broader global network and a wider range of services than we do. Competition is based primarily on service, price and business relationships. We believe we are able to compete effectively in our markets by providing high-quality and timely service at a fair and equitable price.

Throughout our organization, we continuously seek to improve customer service by maximizing on-time performance and minimizing cargo claims. We believe our transit times are generally faster than those of our principal national competitors, in part because of our more efficient service center network, use of team drivers and proprietary technology. In addition, we provide greater geographic coverage than most of our regional competitors. Our diversified mix and scope of regional, inter-regional and national LTL service, combined with our value-added service offerings, enables us to provide our customers with a single source to meet their shipping and logistics needs. We believe this provides us with a distinct advantage over most of our regional, multi-regional and national competition.

We utilize flexible scheduling and train our employees to perform multiple tasks, which we believe allows us to achieve greater productivity and higher levels of customer service than our competitors. We believe our focus on employee communication, continued education, development and motivation strengthens the relationships and trust among our employees.






  

Overall company Market Share Q3 2023

despite revenue deterioration, Old Dominion Freight Line Inc increased its market share in this segment.

company increased its market share in this segment to approximately 8.68 %.


<<  More on ODFL Market Share.
 
*Market share is calculated based on total revenue.





Who are Old Dominion Freight Line Inc 's Competitors?




C h Robinson Worldwide Inc
Share Performance



-2.08%
This Year



C h Robinson Worldwide Inc
Profile

C.H. Robinson Worldwide Inc is a logistics company that operates as a third-party logistics (3PL) provider. They offer a wide range of transportation and logistics services to help companies optimize their supply chain management.

More about C h Robinson Worldwide Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 10,204.613 mill. $ 17,397.084 mill. $ 303.142 mill.


Pam Transportation Services Inc
Share Performance



+4.13%
Over The Past 5 Days



Pam Transportation Services Inc
Profile

Pam Transportation Services Inc operates as a truckload carrier, providing transportation services to various industries across North America. Their business model revolves around offering efficient and reliable freight transportation solutions while maintaining a fleet of owned and leased trucks.

More about Pam Transportation Services Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 407.137 mill. $ 771.675 mill. $ 13.466 mill.


Knight swift Transportation Holdings Inc
Share Performance



-17.94%
This Year



Knight swift Transportation Holdings Inc
Profile

Knight-Swift Transportation Holdings Inc. operates as a leading provider of truckload transportation and logistics services in North America. The company follows a business model that integrates asset-based trucking services with non-asset-based logistics solutions. Knight-Swift offers a comprehensive range of transportation services to customers, including full-truckload, dedicated, and refrigerated transportation, as well as freight brokerage, intermodal, and cross-border services.

More about Knight swift Transportation Holdings Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 7,635.871 mill. $ 7,327.301 mill. $ 108.815 mill.


Usa Truck inc.
Share Performance



+1.63%
30 Days



Usa Truck inc.
Profile

USA Truck Inc. operates as a transportation and logistics company, providing a wide range of services such as truckload, dedicated freight, and intermodal transportation. They primarily serve customers in North America with a focus on offering reliable, efficient, and secure transportation solutions. USA Truck utilizes a combination of owned assets and contracted carriers to meet customer demands and maximize their operational efficiency.

More about Usa Truck inc.'s Market Share

Market Cap. Revenues TTM Net Income TTM
$ 284.978 mill. $ 785.044 mill. $ 33.288 mill.


Marten Transport Ltd
Share Performance



-1.05%
Over The Past 5 Days



Marten Transport Ltd
Profile

Marten Transport Ltd operates as a truckload carrier in the United States and Canada. The company specializes in long-haul transportation of temperature-sensitive goods such as food and beverages. By leveraging its fleet of dedicated drivers and modern equipment, Marten Transport focuses on providing reliable and efficient services to meet the transportation needs of its customers.

More about Marten Transport Ltd 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,437.254 mill. $ 1,083.104 mill. $ 57.517 mill.


Heartland Express Inc
Share Performance



-10.21%
This Quarter



Heartland Express Inc
Profile

Heartland Express Inc operates as a transportation company, providing truckload services primarily for shippers.

More about Heartland Express Inc's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 918.606 mill. $ 1,146.862 mill. $ 0.000 mill.


Saia Inc
Share Performance



-7.49%
Over The Past 5 Days



Saia Inc
Profile

Saia Inc operates as a transportation company that provides regional and interregional less-than-truckload (LTL) services across the United States. The company generates revenue by transporting and delivering freight for customers using its network of trucks and terminals.

More about Saia Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 10,102.646 mill. $ 2,786.027 mill. $ 336.491 mill.


Werner Enterprises Inc
Share Performance



-17.50%
One Year



Werner Enterprises Inc
Profile

Werner Enterprises Inc's business model revolves around providing transportation and logistics services.

More about Werner Enterprises Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,366.821 mill. $ 3,219.865 mill. $ 83.004 mill.


Yellow Corporation
Share Performance



-56.52%
This Year



Yellow Corporation
Profile

Yellow Corporation operates as a transportation and logistics company, offering a range of services including ground and air expedited and deferred services. The company focuses on providing reliable and efficient transportation solutions to meet customers' supply chain needs. Through its network of transportation professionals and technology-driven platforms, Yellow Corporation aims to optimize the movement of goods across various industries.

More about Yellow Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 57.211 mill. $ 4,846.000 mill. $ -80.000 mill.


J b Hunt Transport Services Inc
Share Performance



-6.63%
One Year



J b Hunt Transport Services Inc
Profile

J.B. Hunt Transport Services Inc operates as a transportation and logistics company. Their business model involves providing a wide range of transportation services, including truckload, intermodal, and dedicated contract services, to customers across various industries.

More about J b Hunt Transport Services Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 16,354.169 mill. $ 12,544.078 mill. $ 658.012 mill.


Covenant Logistics Group Inc
Share Performance



+5.70%
30 Days



Covenant Logistics Group Inc
Profile

Covenant Logistics Group Inc is a transportation and logistics company that operates primarily in the United States. Their business model revolves around providing a diverse range of services, including truckload transportation, dedicated contract carriage, and freight brokerage. They cater to a wide range of industries, offering flexible and efficient logistics solutions tailored to their customers' needs.

More about Covenant Logistics Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 645.012 mill. $ 1,115.485 mill. $ 42.568 mill.


Arcbest Corporation
Share Performance



-12.18%
This Year



Arcbest Corporation
Profile

ArcBest Corporation operates as a logistics company with a business model that focuses on providing transportation and logistics solutions to its customers.

More about Arcbest Corporation's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,504.803 mill. $ 4,357.768 mill. $ 121.838 mill.


Hub Group Inc
Share Performance



+6.54%
30 Days



Hub Group Inc
Profile

Hub Group Inc is a transportation management company that offers multi-modal solutions to its customers. They provide innovative and integrated services including intermodal, truck brokerage, logistics, and dedicated transportation. Leveraging technology, they aim to streamline supply chains, reduce costs, and improve overall efficiency for their clients.

More about Hub Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 2,699.233 mill. $ 4,503.065 mill. $ 218.018 mill.


Janel Corp
Share Performance



-7.14%
30 Days



Janel Corp
Profile

Janel Corp operates as a supply chain management company that primarily serves the pharmaceutical industry. Their business model revolves around providing services such as warehousing, transportation, order fulfillment, and regulatory compliance to pharmaceutical manufacturers. By offering comprehensive solutions for the entire supply chain process, Janel Corp aims to streamline operations and optimize efficiency for their clients in the pharmaceutical sector.

More about Janel Corp's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 46.968 mill. $ 165.218 mill. $ 0.640 mill.


Echo Global Logistics inc
Share Performance



+0.35%
30 Days



Echo Global Logistics inc
Profile

Echo Global Logistics Inc's business model revolves around providing transportation and logistics solutions to clients through a technology-driven platform. They leverage their network of carriers and technology to offer services such as transportation management, freight brokerage, intermodal, and supply chain consulting.

More about Echo Global Logistics inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 1,304.203 mill. $ 3,475.168 mill. $ 58.484 mill.


Radiant Logistics Inc
Share Performance



-0.19%
Over The Past 5 Days



Radiant Logistics Inc
Profile

Radiant Logistics Inc operates as a third-party logistics (3PL) company, providing various transportation and logistics services. They offer a comprehensive network of agents and independent businesses to facilitate the movement of goods and provide customized solutions to their customers.

More about Radiant Logistics Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 260.104 mill. $ 965.312 mill. $ 15.580 mill.


Schneider National Inc
Share Performance



-8.95%
This Quarter



Schneider National Inc
Profile

Schneider National Inc operates as a transportation and logistics company, providing a wide range of services including truckload, intermodal, and logistics solutions. Their business model focuses on leveraging technology and expertise to deliver efficient transportation services while reducing costs and environmental impact. Schneider National Inc also offers industry-specific solutions to various sectors such as retail, automotive, and energy, ensuring customized and reliable transportation solutions for their customers.

More about Schneider National Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 3,881.668 mill. $ 5,389.200 mill. $ 159.000 mill.



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