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Old Dominion Freight Line
Old Dominion Freight Line

-6.6%

Logistics / Less than truckload shipping

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Overview
Old Dominion Freight Line is a regional and national freight carrier that specializes in less-than-truckload (LTL) shipping services. The company was founded in 1934 in Richmond, Virginia and has since grown to become one of the largest LTL carriers in the United States. Old Dominion operates 235 service centers and has a fleet of over 9,700 tractors and trailers.
The company offers a variety of services, including LTL, global forwarding, supply chain consulting, and warehousing and distribution. They serve a wide range of industries, including retail, technology, healthcare, and automotive.
Old Dominion has a strong reputation for reliability and on-time delivery, with a 99% on-time rate. They also have a commitment to sustainability and have implemented various initiatives to reduce their carbon footprint.
In addition to their shipping services, Old Dominion also offers online tools and resources for customers, such as online billing, shipment tracking, and a customer service portal.
The company has received numerous awards and recognition for their services, including being named the top LTL carrier by Logistics Management magazine for several consecutive years.
Old Dominion is known for its strong company culture and employee satisfaction, with a commitment to providing training and career advancement opportunities for their employees. They also have a history of giving back to the communities they serve, with a focus on supporting military veterans and their families.
What is special about the company?
1. Established History: Founded in 1934, Old Dominion Freight Line has been in operation for over 85 years, making it one of the oldest and most well-established freight carriers in the United States.
2. National Coverage: The company has a vast network of over 240 service centers and 45,000 employees, allowing it to provide nationwide coverage and reach to customers from coast to coast.
3. Strong Financial Performance: Old Dominion Freight Line has consistently shown strong financial performance, even during tough economic times. This stability and reliability make it a popular choice for customers and investors alike.
4. Cutting-Edge Technology: The company has embraced technology and has invested heavily in its IT infrastructure. This has allowed them to provide real-time tracking, improved efficiency, and enhanced customer service.
5. Award-Winning Customer Service: Old Dominion Freight Line has won numerous awards for its exceptional customer service, including being named the top national LTL carrier by Logistics Management for ten consecutive years.
6. Industry-Leading Safety Standards: The company is dedicated to maintaining the highest safety standards, investing in the latest safety technology, and continuously training its employees to ensure the safe and timely delivery of goods.
7. Employee-Centric Culture: Old Dominion Freight Line takes pride in its employee-centric culture, offering competitive compensation, excellent benefits, and opportunities for growth and advancement.
8. Commitment to Sustainability: The company is committed to reducing its environmental impact and has implemented sustainability initiatives to reduce its carbon footprint and improve its environmental sustainability.
9. Distinguished Leadership: Old Dominion Freight Line has a strong and experienced leadership team, with the founding family still actively involved in the company's operations.
10. Community Involvement: The company is actively involved in giving back to the community and supports various charitable organizations and initiatives.
What the company's business model?
Old Dominion Freight Line is a transportation and logistics company that provides less-than-truckload (LTL) freight services primarily in the United States. Their business model is centered around providing efficient and reliable transportation services for small to medium-size businesses. This is primarily done through their LTL services, where multiple shipments from different customers are consolidated into one truckload, making it cost-effective for both the company and customers.
The company also offers other transportation and logistics services such as truckload, warehousing and distribution, supply chain consulting, and expedited shipping. They operate a network of service centers and employ a fleet of modern tractors and trailers, as well as advanced information and communications technology to track and manage shipments.
Their business model also focuses on providing exceptional customer service, with a team of experienced and dedicated employees who work closely with customers to understand their specific shipping needs and ensure timely delivery and reliable tracking of their freight.
Old Dominion Freight Line's success is based on their commitment to efficiency, reliability, and customer satisfaction, which has made them a leader in the transportation industry.
Interesting facts about the company
1. Old Dominion Freight Line was founded in 1934 by Earl and Lillian Congdon in Richmond, Virginia, making it one of the oldest freight companies in the United States.
2. The company’s original name was Old Dominion Truck line, but it was changed to Old Dominion Freight Line in 1969 to reflect their expansion beyond trucking.
3. Old Dominion has one of the largest and most modern fleets in the transportation industry, with over 7,000 tractors and 22,000 trailers.
4. Old Dominion is known for its yellow and blue trucks, which have become a recognizable symbol on highways across the country.
5. The company is a leader in less-than-truckload (LTL) shipping and has been named the top LTL carrier by Logistics Management for 11 consecutive years.
6. Old Dominion has a strong commitment to sustainability and has implemented various initiatives to reduce its carbon footprint, including using more energy-efficient equipment and facilities, and offering carbon-neutral shipping options for its customers.
7. Old Dominion has a unique customer service approach called “OD Family” which emphasizes building relationships and providing personalized service to customers.
8. The company has a network of over 240 service centers across the United States, making it one of the largest LTL carriers in the country.
9. In 2017, Old Dominion opened a state-of-the-art training and service center in Brownsburg, Indiana, which includes a driver training school, maintenance facility, and service center to support the company’s growth in the Midwest.
10. In addition to its transportation services, Old Dominion also offers supply chain solutions, including warehousing, distribution, and logistics services, to help businesses streamline their supply chain operations.
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