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Old Dominion Freight Line Inc's Business Segments
Old Dominion Freight Line Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
2
Largest Segment
LTL Service Revenue
Total Revenue
$ 1,335
Regions Reported
-
Revenue Share by Reportable Segment - FY
- LTL Service Revenue99%
- Other Service Revenue1%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| LTL Service Revenue | $ 1,322 | 99% |
| Other Service Revenue | $ 13 | 1% |
Revenue by Product & Service Category - FY
- LTL Service Revenue99%
- Other Service Revenue1%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| LTL Service Revenue | $ 1,322 | 99% |
| Other Service Revenue | $ 13 | 1% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Annual Results
Revenue Share by Reportable Segment - FY
- LTL Service Revenue99%
- Other Service Revenue1%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| LTL Service Revenue | $ 1,322 | 99% |
| Other Service Revenue | $ 13 | 1% |
Description of Old Dominion Freight Line Inc
Business Description of Old Dominion Freight Line Inc.
Old Dominion Freight Line Inc. is a preeminent player in the freight transportation industry, specializing in less-than-truckload (LTL) services. The company operates as a union-free motor carrier offering a suite of logistics solutions that include regional, inter-regional, and national LTL services. With a focus on efficiency and customer service, Old Dominion has positioned itself as a reliable partner for businesses of all sizes, catering to their shipping needs with flexibility and precision.
As the fifth largest LTL motor carrier in the United States, according to industry data from Transport Topics, Old Dominion Freight Line has built a robust network that allows for the seamless transportation of goods across the country. The company provides a full range of services that extend beyond standard LTL shipping, including expedited ground and air transportation, consumer household pickup, and delivery services. These offerings are supported by an integrated organization that ensures a streamlined approach to logistics.
In addition to core LTL services, Old Dominion Freight Line enhances its value proposition through a wide array of supplementary services. These include international freight forwarding, container drayage, truckload brokerage, supply chain consulting, and warehousing capabilities. By offering these services, Old Dominion effectively meets diverse shipping needs while providing end-to-end logistics solutions that optimize supply chain efficiency for its customers.
Technology is a cornerstone of Old Dominion’s operations, as the company continuously invests in advanced systems and tools aimed at improving operational efficiency. These technological capabilities empower customers to manage their shipping requirements effectively, offering visibility and control over their logistics processes. The integration of technology into their operations supports enhanced tracking, improved communication, and streamlined processes, which are essential in todays fast-paced logistics environment.
Over 95% of Old Dominion’s revenue is generated from the transportation of LTL shipments, indicating a strong focus on this essential segment of the freight industry. The companys performance is closely linked to industrial production levels and the overall health of the U.S. domestic economy, as demand for its services is driven by market conditions and economic activity.
Old Dominion Freight Line Inc. prides itself on its commitment to exceptional service quality, safety, and operational excellence. With a dedicated workforce and a customer-centric approach, the company continues to thrive in the competitive logistics landscape, establishing long-lasting partnerships and fostering loyalty among its clientele.
Old Dominion Freight Line Inc. is a preeminent player in the freight transportation industry, specializing in less-than-truckload (LTL) services. The company operates as a union-free motor carrier offering a suite of logistics solutions that include regional, inter-regional, and national LTL services. With a focus on efficiency and customer service, Old Dominion has positioned itself as a reliable partner for businesses of all sizes, catering to their shipping needs with flexibility and precision.
As the fifth largest LTL motor carrier in the United States, according to industry data from Transport Topics, Old Dominion Freight Line has built a robust network that allows for the seamless transportation of goods across the country. The company provides a full range of services that extend beyond standard LTL shipping, including expedited ground and air transportation, consumer household pickup, and delivery services. These offerings are supported by an integrated organization that ensures a streamlined approach to logistics.
In addition to core LTL services, Old Dominion Freight Line enhances its value proposition through a wide array of supplementary services. These include international freight forwarding, container drayage, truckload brokerage, supply chain consulting, and warehousing capabilities. By offering these services, Old Dominion effectively meets diverse shipping needs while providing end-to-end logistics solutions that optimize supply chain efficiency for its customers.
Technology is a cornerstone of Old Dominion’s operations, as the company continuously invests in advanced systems and tools aimed at improving operational efficiency. These technological capabilities empower customers to manage their shipping requirements effectively, offering visibility and control over their logistics processes. The integration of technology into their operations supports enhanced tracking, improved communication, and streamlined processes, which are essential in todays fast-paced logistics environment.
Over 95% of Old Dominion’s revenue is generated from the transportation of LTL shipments, indicating a strong focus on this essential segment of the freight industry. The companys performance is closely linked to industrial production levels and the overall health of the U.S. domestic economy, as demand for its services is driven by market conditions and economic activity.
Old Dominion Freight Line Inc. prides itself on its commitment to exceptional service quality, safety, and operational excellence. With a dedicated workforce and a customer-centric approach, the company continues to thrive in the competitive logistics landscape, establishing long-lasting partnerships and fostering loyalty among its clientele.
Old Dominion Freight Line Inc. is a prominent player in the transportation and logistics industry, specializing in less-than-truckload (LTL) shipping as well as offering a range of complementary services. Here’s a comprehensive breakdown of the segments, products, and services that Old Dominion Freight Line Inc. offers.
Segments
1. Less-Than-Truckload (LTL) Services:
- This is the core segment of Old Dominion’s business model. LTL shipping involves transporting freight that does not require an entire truckload, allowing for efficient movement of smaller shipments.
- Old Dominion caters to various industries, ensuring timely, reliable, and flexible delivery options across the United States and into Canada and Mexico.
2. Truckload Services:
- In addition to LTL, Old Dominion provides truckload services for larger shipments that may require an entire truck. These can include both dedicated and regular truckload services.
- Truckload services cater to businesses that need to transport larger quantities of goods or heavier items.
3. Logistics and Supply Chain Solutions:
- Old Dominion offers integrated logistics solutions designed to streamline supply chains for customers. This includes warehousing, inventory management, and distribution services.
- The company employs technology and analytics to optimize routes and improve efficiencies in the supply chain process.
4. Expedited Services:
- For time-sensitive shipments, Old Dominion provides expedited shipping services that ensure faster delivery. This is crucial for industries that rely on just-in-time inventory practices.
5. International Services:
- Although primarily focused on domestic shipping, Old Dominion also offers international freight services, particularly for shipments that need to cross borders into Canada and Mexico.
6. E-commerce Solutions:
- With the rise of online shopping, Old Dominion has developed solutions tailored for e-commerce businesses. This includes flexible delivery options that can accommodate the needs of retailers and manufacturers interacting with consumers directly.
Products and Services
1. LTL Shipments:
- Old Dominion operates a network of service centers that facilitate LTL shipments, ensuring that freight is managed efficiently. They offer various service levels, including standard, next-day, and two-day delivery options.
- Their tracking system allows customers to monitor shipments at different stages of the journey.
2. Freight Management Services:
- Customers can utilize Old Dominion’s freight management services to gain insights into their shipping efficiency. This includes analytics and reporting tools that help in understanding shipping patterns and costs.
3. Customized Solutions:
- Old Dominion provides tailored shipping solutions to meet specific customer needs, including specialized handling for sensitive freight, temperature-controlled shipments, or other unique logistics requirements.
4. Warehousing and Distribution:
- The company has established warehousing capabilities that allow for storage and distribution services. This enhances their ability to offer comprehensive supply chain solutions, accommodating customer requirements for space and inventory control.
5. Insurance and Claims Management:
- Old Dominion offers cargo insurance options to provide peace of mind for shippers, alongside efficient claims management services in the event of damage or loss, ensuring that customers are fully informed throughout the process.
6. Customer Service and Support:
- A strong emphasis is placed on customer support, with various channels available for customers to get assistance. This includes dedicated account managers, technical support for shipping software, and accessible customer service representatives.
Technology-Driven Solutions:
- Old Dominion utilizes advanced technology systems for tracking shipments, route optimization, and fleet management. This integration of technology enhances operational efficiency and improves service reliability.
8. Payment Services:
- To ease the financial aspects of shipping, Old Dominion provides flexible payment options and credit terms for their services, facilitating a smoother transaction process for businesses.
9. Sustainability Initiatives:
- The company is committed to sustainable practices, including fuel-efficient transportation methods and investments in cleaner technologies to minimize environmental impact.
Overall, Old Dominion Freight Line Inc. aims to supply a robust, end-to-end logistics and transportation solution that addresses the diverse needs of businesses across multiple sectors. By focusing on reliability, customer service, and leveraging technology, the company positions itself as a leading provider in the freight and logistics market.
Segments
1. Less-Than-Truckload (LTL) Services:
- This is the core segment of Old Dominion’s business model. LTL shipping involves transporting freight that does not require an entire truckload, allowing for efficient movement of smaller shipments.
- Old Dominion caters to various industries, ensuring timely, reliable, and flexible delivery options across the United States and into Canada and Mexico.
2. Truckload Services:
- In addition to LTL, Old Dominion provides truckload services for larger shipments that may require an entire truck. These can include both dedicated and regular truckload services.
- Truckload services cater to businesses that need to transport larger quantities of goods or heavier items.
3. Logistics and Supply Chain Solutions:
- Old Dominion offers integrated logistics solutions designed to streamline supply chains for customers. This includes warehousing, inventory management, and distribution services.
- The company employs technology and analytics to optimize routes and improve efficiencies in the supply chain process.
4. Expedited Services:
- For time-sensitive shipments, Old Dominion provides expedited shipping services that ensure faster delivery. This is crucial for industries that rely on just-in-time inventory practices.
5. International Services:
- Although primarily focused on domestic shipping, Old Dominion also offers international freight services, particularly for shipments that need to cross borders into Canada and Mexico.
6. E-commerce Solutions:
- With the rise of online shopping, Old Dominion has developed solutions tailored for e-commerce businesses. This includes flexible delivery options that can accommodate the needs of retailers and manufacturers interacting with consumers directly.
Products and Services
1. LTL Shipments:
- Old Dominion operates a network of service centers that facilitate LTL shipments, ensuring that freight is managed efficiently. They offer various service levels, including standard, next-day, and two-day delivery options.
- Their tracking system allows customers to monitor shipments at different stages of the journey.
2. Freight Management Services:
- Customers can utilize Old Dominion’s freight management services to gain insights into their shipping efficiency. This includes analytics and reporting tools that help in understanding shipping patterns and costs.
3. Customized Solutions:
- Old Dominion provides tailored shipping solutions to meet specific customer needs, including specialized handling for sensitive freight, temperature-controlled shipments, or other unique logistics requirements.
4. Warehousing and Distribution:
- The company has established warehousing capabilities that allow for storage and distribution services. This enhances their ability to offer comprehensive supply chain solutions, accommodating customer requirements for space and inventory control.
5. Insurance and Claims Management:
- Old Dominion offers cargo insurance options to provide peace of mind for shippers, alongside efficient claims management services in the event of damage or loss, ensuring that customers are fully informed throughout the process.
6. Customer Service and Support:
- A strong emphasis is placed on customer support, with various channels available for customers to get assistance. This includes dedicated account managers, technical support for shipping software, and accessible customer service representatives.
Technology-Driven Solutions:
- Old Dominion utilizes advanced technology systems for tracking shipments, route optimization, and fleet management. This integration of technology enhances operational efficiency and improves service reliability.
8. Payment Services:
- To ease the financial aspects of shipping, Old Dominion provides flexible payment options and credit terms for their services, facilitating a smoother transaction process for businesses.
9. Sustainability Initiatives:
- The company is committed to sustainable practices, including fuel-efficient transportation methods and investments in cleaner technologies to minimize environmental impact.
Overall, Old Dominion Freight Line Inc. aims to supply a robust, end-to-end logistics and transportation solution that addresses the diverse needs of businesses across multiple sectors. By focusing on reliability, customer service, and leveraging technology, the company positions itself as a leading provider in the freight and logistics market.