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Thomasville, North Carolina-based Old Dominion Freight Line, Inc. (ODFL) is one of the largest North American less-than-truckload (LTL) motor carriers and provides regional, inter-regional and national LTL services. With a market cap of $46 billion, Old Dominion’s offerings also include various value-added services, including container drayage, truckload brokerage, and supply chain consulting.
The LTL giant has lagged behind the broader market over the past year. ODFL stock prices have gained 6.4% on a YTD basis and 7.1% over the past year, underperforming the S&P 500 Index’s ($SPX) 23.1% gains in 2024 and 30.4% returns over the past 52-week period.