Old Dominion is the 2nd largest LTL (less than truckload) carrier in North America based on 2021 revenues. The company was founded in 1934 as a one truck operation servicing a route between Richmond and Norfolk, Virginia. Since then, Old Dominion has grown to over 10k tractors and 41k trailers and 251 service centers in all 6 major regions of the U.S. As of 2021, the company commands 10% of the LTL market with the highest operating margins in the industry.
AGB 2022.8 - Old Dominion Freight Line (ODFL)
Great write up.
Can I ask a question:
Have you seen any data that directly evidences OD's route density vs peers? What metric would best reflect this?
Thank you.
Thanks, very informative! What are "Dock" costs, the ones that form 18% of the cost stack?