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With a market cap of $33.3 billion, Old Dominion Freight Line, Inc. (ODFL) is a leading North American less-than-truckload (LTL) motor carrier that provides regional, inter-regional and national freight transportation services through an extensive network of service centers across the continental United States and strategic alliances throughout North America. Its core business combines LTL freight hauling with expedited transportation and value-added logistics services, including container drayage, truckload brokerage and supply chain consulting. Founded in 1934, the company is headquartered in Thomasville, North Carolina, and operates a large fleet of tractors and trailers to serve a diverse base of commercial customers.
ODFL is set to release its fourth-quarter results before the markets open on Monday, February 4. Ahead of the event, analysts expect ODFL to report a non-GAAP profit of $1.06 per share, down 13.8% from $1.23 per share reported in the year-ago quarter. The company has surpassed the Street’s earnings estimates in three of the past four quarters, while missing the forecast in one quarter.