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Thomasville, North Carolina-based Old Dominion Freight Line, Inc. (ODFL) is a major American transportation and logistics company specializing in less-than-truckload (LTL) freight services, which involve transporting smaller freight shipments from multiple customers on shared trucks. With a market cap of $40.7 billion, it operates an extensive network of 260+ service centers across the United States and, through alliances, provides regional, inter-regional and national LTL services throughout North America.
The company has significantly underperformed the broader market over the past year. ODFL stock prices have plunged 5.5% over the past 52 weeks, compared to the S&P 500 Index’s ($SPX) 14.4% gains. But, the stock has gained momentum this year, rising 24%, surpassing the index’s 1.4% rally.
