Old Dominion Freight Line was founded by Earl and Lillian Congdon when they started running a single truck between Richmond and Norfolk, Virginia.
The company first expanded to North Carolina and South Virginia. When the trucking industry was deregulated in the 1980’s Old Dominion Freight Line expanded into Florida, Tennessee, and California, as well as Chicago and Dallas.
Today the company operates a fleet of 25,000 trailers and 6,200 tractors from 220 service centers all over the United States. Less-than-truckload (LTL), which is freight from different shippers in one truckload, accounts for most of the company’s business. Old Dominion also offers logistics services including supply chain consulting and warehousing.
Old Dominion Freight Line trades publicly on the NASDAQ under the ticker symbol ODFL, is a member of the S&P 400, is #876 in the Fortune 1000, has 24,271 employees, and had $4.015 million in revenue in 2020.
In February 2023, The Motley Fool stated that a bull market was on the way and that buying stock in Old Dominion would be a prudent move.
Old Dominion Freight Line maintains a corporate office in Thomasville, North Carolina
Old Dominion Freight Line was founded by Earl and Lillian Congdon when they started running a single truck between Richmond and Norfolk, Virginia.
History
The company first expanded to North Carolina and South Virginia. When the trucking industry was deregulated in the 1980’s Old Dominion Freight Line expanded into Florida, Tennessee, and California, as well as Chicago and Dallas.
Today the company operates a fleet of 25,000 trailers and 6,200 tractors from 220 service centers all over the United States. Less-than-truckload (LTL), which is freight from different shippers in one truckload, accounts for most of the company’s business. Old Dominion also offers logistics services including supply chain consulting and warehousing.
Old Dominion Freight Line trades publicly on the NASDAQ under the ticker symbol ODFL, is a member of the S&P 400, is #876 in the Fortune 1000, has 24,271 employees, and had $4.015 million in revenue in 2020.
In February 2023, The Motley Fool stated that a bull market was on the way and that buying stock in Old Dominion would be a prudent move.
Old Dominion Freight Line maintains a corporate office in Thomasville, North Carolina