Old Dominion Freight Line has raised its dividend payment by an average of 32.2% annually over the last three years and has raised its dividend every year for the last 2 years.
In the same year, it was included in the list of the 100 Great Supply Chain Partners list by Suppl圜hainBrain.
In 2015, NASSTRAC named the company as Carrier of the Year for the third year in a row. In 2013, ODFL was ranked 74th on Fortune’s list of the “100 Fastest-Growing Companies”. They use various technologies such as automatic tyre inflation, wide-based tyres, improved aerodynamics and improved freight logistics. ODFL is a member of the SmartWay Transport Partnership it is a collaboration of various carriers, freight shippers and logistic companies who aim to achieve increased fuel efficiency and reduce the harmful emissions from transport. Six years later, David Congdon became the president and COO of Old Dominion Freight Line. In 1991, an initial public offering was made, and ODFL became a public company. Moreover, it also started providing its services to the major markets of Dallas and Chicago. In 1980, ODFL expanded its operations to various states in America which included Florida, Tennessee and California. In 1962, ODFL acquired a furniture mover based in High Point, North Carolina.īetween 19, the company completed several acquisitions which involved some of its competitors. In 1957, ODFL expanded its operations to some of the most major markets in the southern part of Virginia and North Carolina. Some of the destinations include Europe, Central America, South America, Far East and the Caribbean. The Global division offers less-than-container load, full-container-load services to various locations all around the world. ODFL’s operations are categorised into the following segments: Expedited, Domestic, Household Services, Global and People. ODFL has more than 40,000 trailers and tractors and carries out its operations through more than 240 service centres. shares are traded on the Nasdaq stock exchange under the ticker symbol “ODFL”.įounded by Earl and Lillian Congdon in 1934, ODFL operated only one truck at the very beginning it used to run a 94-mile route in Virginia. Besides providing LTL services, the company also offers ground and air expedited shipments, transportation management, consumer household pickup, delivery, supply chain consultations, freight delivery truckload brokerage, warehousing and container delivery services. is a union-free motor carrier engaged in the provision of national, inter-regional and regional less than truckload services. Headquartered in Thomasville, North Carolina, Old Dominion Freight Line, Inc.
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